Gray, LA 70359 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Gray, LA—70359

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$217,000

0.2% YoY Growth

Household Income

$54,100

14.0% YoY Growth

Days on Market

22.0% Shorter YoY

Home Price Forecast

-5.1%

Median Rent

$1,300

26.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,250

28.0% YoY Growth

Home Price Trends — Gray, LA

As of Nov '25, the median home price in Gray, LA is $217,000, with a year-over-year change of 0.2%. This indicates that home prices in Gray, LA are flat. According to Zillow, the 1-year price projection is -5.1%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$217,000	0.2%
Single Family	$217,000	0.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Gray, LA

As of July '25, Rentcast reports the average rent in Gray, LA is $1,480, with a year-over-year rent change of -26.0%. Per bedroom, the median rent as of July '25 in Gray, LA is 3-bedrooms: $1,440, 4-bedrooms: $1,550. The most common rental property sizes in Gray, LA are 3-bedroom and 2-bedroom, accounting for 59.4% and 27.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,300	$1,480
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,250	$1,440
4 Bed Rent	$1,300	$1,550

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% of Rental Stock

1 Bedroom

9.7%

2 Bedrooms

27.9%

3 Bedrooms

59.4%

4 Bedrooms

3.0%

Property Listings — Gray, LA

As of Nov '25, Realtor.com reports that the median days on market for a home in Gray, LA is 88. This is a decrease of -22.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 7.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$229,000	-2.0%
Listing Count	54	54.0%
Listings as % of Homes	0.6%	54.0%
Days on Market	88	-22.0%

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Demographics — Gray, LA

As of the latest ACS Survey released in 2023, Gray, LA has a population of 9,470, which has increased by 12.2% over the past 5 years. Gray, LA is a moderately popular place for families, as children make up 24.1% of the population. The area has a poorly educated workforce, with 13.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,470	12.2%
% Under 18	24.1%	-15.1%
% Seniors	12.3%	18.3%
% WFH	5.1%	82.1%
% w/ College Degree	13.7%	-4.9%

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As of the latest ACS Survey released in 2023, Gray, LA is a predominantly white area, with 54.5% of the population identifying as white. The white population has shrunk by 11.4% in the last 5 years. The second most common race or ethnicity in Gray, LA is black, making up 30.0% of the population. Foreign-born residents account for 2.4% of the population in Gray, LA, and this percentage has increased by 118.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	54.5%	-11.4%
% Black	30.0%	16.7%
% Hispanic	6.6%	22.2%
% Asian	0.8%	700.0%
% Foreign Born	2.4%	118.2%

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Mortgage and Risk — Gray, LA

According to HUD data as of 2023, there were 153 mortgage originations in Gray, LA, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 81.0%, with 51.0% above 90% LTV (very high). This implies large mortgage risk in Gray, LA. Investor activity is low, as 5.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	153
% Conventional Loans	58.0%
% Government Loans	42.0%
% Investor Loans	5.0%
% Second Loans	0.0%
% Cash Out Refinance	6.0%

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Rentals and Section 8 — Gray, LA

Gray, LA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	41
Total Units Section 8	41
% Rentals under Section 8	14.6%
% Occupied Section 8	81.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,030
2 Bedroom	N/A	N/A	$1,260
3 Bedroom	$270	$1,250	$1,520
4 Bedroom	$370	$1,300	$1,670

Gray, LA—70359

Key Metrics at a Glance

Home Price Trends — Gray, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gray, LA

% of Rental Stock

Property Listings — Gray, LA

Demographics — Gray, LA

Race and Ethnicity

Mortgage and Risk — Gray, LA

Mortgages

Rentals and Section 8 — Gray, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gray, LA

Home Price to Income Ratio

Gray, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Schriever, LA

Houma, LA

Plantation Acres

Houma, LA

Thibodaux, LA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4
Median Home Price	$217,000
Median Household Income	$54,100

Gray, LA—70359

Key Metrics at a Glance

Home Price Trends — Gray, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Gray, LA

% of Rental Stock

Property Listings — Gray, LA

Demographics — Gray, LA

Race and Ethnicity

Mortgage and Risk — Gray, LA

Mortgages

Rentals and Section 8 — Gray, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Gray, LA

Home Price to Income Ratio

Gray, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Schriever, LA

Houma, LA

Plantation Acres

Houma, LA

Thibodaux, LA

Frequently Asked Questions

What is the average home price in Gray, LA 70359?

How have home prices in Gray, LA 70359 changed over the past year?

What is the home price projection for Gray, LA 70359?

What are the demographics of Gray, LA 70359?

How long does it take homes to sell in Gray, LA 70359?

What is the average rent price in Gray, LA 70359?