Gray, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gray Neighborhoods Since 2000




Gray, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gray Housing Market Information

With a population of 3,269, 1,166 total housing units (homes and apartments), and a median house value of $165,075, Gray real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Gray, accounting for 74.44% of the city's housing units. Other types of housing that are prevalent in Gray include large apartment complexes or high rise apartments ( 13.11%), duplexes, homes converted to apartments or other small apartment buildings ( 11.87%).

The most prevalent building size and type in Gray are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 55.49% owning and 44.51% renting.

There is a lot of housing in Gray built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gray built between 2000 and later ( 33.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.40%). There's also some housing in Gray built before 1939 ( 4.29%).

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 -1.34%, which is lower than 80% of US communities.

Over the last year, Gray appreciation rates have trailed the rest of the nation. In the last twelve months, Gray's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gray were at 0.33%, which equates to an annual appreciation rate of 1.32%.

Relative to Georgia, our data show that Gray's latest annual appreciation rate is lower than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$165,075

Gray, GA HOME PRICES

Value Range
> $1,042,000 0.0
$782,001 - $1,042,000 0.0
$521,001 - $782,000 0.8
$416,001 - $521,000 0.9
$312,001 - $416,000 8.4
$208,001 - $312,000 20.6
$104,001 - $208,000 47.7
$52,001 - $104,000 15.9
$0 - $52,000 5.7

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
43.5954529473808 24.3128964059197

Number Of Homes And Apartments:
1,166

Gray Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
7.08% 0.40% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,135 / per month

Homeownership Rate

Homeownership
Owners 55.49
Renters 44.51
Vacant 3.87

Housing Market Details

 

Age of Homes

AGE OF Gray HOMES
2000 or Newer 33.7
1970 - 1999 37.6
1940 - 1969 24.4
1939 or Older 4.3

Types of Homes

TYPE OF Gray HOMES
Single-Family 74.4
Townhomes 0.6
Small Apt. Buildings 11.9
Apt. Complexes 13.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Gray HOMES
No Bedroom 0.33
1 Bedroom 8.08
2 Bedrooms 30.34
3 Bedrooms 42.54
4 Bedrooms 15.91
5 or more bedrooms 2.80