Gray, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gray Neighborhoods Since 2000




Gray, LA 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 5,639, 2,054 total housing units (homes and apartments), and a median house value of $95,409, 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 49.37% of the town's housing units. Other types of housing that are prevalent in Gray include mobile homes or trailers ( 39.97%), large apartment complexes or high rise apartments ( 8.04%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gray. Owner-occupied housing accounts for 70.06% of Gray's homes, and 68.70% have either three or four bedrooms, which is average sized relative to America.

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 ( 33.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.10%). There's also some housing in Gray built before 1939 ( 5.69%).

Gray Home Appreciation Rates

Appreciation rates for homes in Gray have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.87%, which ranks in the top 30% nationwide. This equates to an annual average Gray house appreciation rate of 0.95%.

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 -0.69%, 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 -0.97%, which equates to an annual appreciation rate of -3.82%.

Notably, Gray's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$95,409

Gray, LA HOME PRICES

Value Range
> $1,032,000 0.8
$774,001 - $1,032,000 0.0
$516,001 - $774,000 0.0
$413,001 - $516,000 1.9
$310,001 - $413,000 4.8
$206,001 - $310,000 11.5
$103,001 - $206,000 27.6
$52,001 - $103,000 25.4
$0 - $52,000 28.0

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
80.5402554787296 66.2020905923345

Number Of Homes And Apartments:
2,054

Gray Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
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
50.04% 2.38% 4 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,129 / per month

Homeownership Rate

Homeownership
Owners 70.06
Renters 29.94
Vacant 7.23

Housing Market Details

 

Age of Homes

AGE OF Gray HOMES
2000 or Newer 33.4
1970 - 1999 48.8
1940 - 1969 12.1
1939 or Older 5.7

Types of Homes

TYPE OF Gray HOMES
Single-Family 49.4
Townhomes 0.0
Small Apt. Buildings 2.6
Apt. Complexes 8.0
Mobile Homes 40.0
Other 0.0

Home Size

SIZE OF Gray HOMES
No Bedroom 0.00
1 Bedroom 4.92
2 Bedrooms 25.65
3 Bedrooms 57.63
4 Bedrooms 11.07
5 or more bedrooms 0.72

Popular Neighborhoods in Gray

Zip Codes in Gray, LA