A typical Gray home is worth roughly $80,000
What kind of housing town is Gray?
Read from the numbers below. The page puts what stands out first.
A typical home costs 1.6 years of income
Less than across Illinois (3.6 years). Try your own numbers below.
That covers a typical Gray home, with $106K to spare.
A two-bedroom rents for about $920 a month here, $410 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Gray’s typical property tax (1.39% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
71% of Gray households own their home
Half of Gray’s homes were built before 1954.
Illinois: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
A two-bedroom rents for about $920
Renters already here pay a median of $795, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Edwards County, IL): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Gray vs. its neighbors
Gray is the least expensive of 3 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Gray | $80K* | — | $920 | — | $51,397 |
| Grayville | $86K | −2.3% | $920 | 1 | $46,319 |
| Phillips | $109K* | — | $920 | — | $53,550 |
| Burnt Prairie | — | +1.8%† | $940 | — | $98,650 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Gray buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.