Gray appreciation rates and housing market information

Gray housing market information

With 1,773 people, 717 houses or apartments, and a median cost of homes of $125,300, house prices in Gray are solidly below the national average.

single-family detached homes are the single most common housing type in Gray, accounting for 83.26% of the city's housing units. Other types of housing that are prevalent in Gray include mobile homes or trailers (6.00%), large apartment complexes or high rise apartments (5.02%), duplexes, homes converted to apartments, or other small apartment buildings (5.02%), and a few row houses and other attached homes (0.70%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Gray. Owner-occupied housing accounts for 70.71% of Gray's homes, and 68.34% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Gray's housing was primarily built during this period, from the '40s through the '60s. A full 50.63% of the city's housing hails from this era. Other housing ages represented in Gray include homes built between 1970-1994 (38.21%), and housing constructed from 1939 and earlier (7.12%). There's also some housing in Gray built between 1995 and later (4.04%).

Gray home appreciation rates

Gray's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gray during the period has been just 5.07%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Gray home appreciation rates, at 2.11%, have been at or slightly above the national average. In the latest quarter, Gray's appreciation rate has been -1.75%, which annualizes to a rate of -7.00%.

Relative to Georgia, our data show that Gray's latest annual appreciation rate is higher than 31% of the other cities and towns in Georgia.