Gray, LA housing market
The typical Gray home is worth about $237,000, about the same as a year ago, 9% above the Louisiana typical home. Homes typically sell in 135 days, close to asking.
Home values, sales, trends and how Gray compares with the towns next door — updated as new data is published.
Gray at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Gray | Louisiana |
|---|---|---|
| 2017 | $244,000 | $185,000 |
| 2018 | $228,000 | $186,000 |
| 2019 | $220,000 | $188,000 |
| 2020 | $239,000 | $198,000 |
| 2021 | $244,000 | $208,000 |
| 2022 | $236,000 | $219,000 |
| 2023 | $234,000 | $221,000 |
| 2024 | $241,000 | $215,000 |
| 2025 | $240,000 | $215,000 |
| 2026 | $240,000 | $214,000 |
| August 2026 | $237,000 | $217,000 |
Gray and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Gray | $237K | +0.2% | $1,210 | $54,559 |
| Bayou Blue | — | −5.9%† | $1,150 | $63,958 |
| Schriever | $224K | −0.8% | $1,050 | $66,571 |
† FHFA price index change, where Zillow has no home value for the town.
4.3 years of income
The typical Gray home costs about 4.3 years of the town's median household income, more than across Louisiana (3.6 years).
How Gray ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,210
HUD's Fair Market Rent for a two-bedroom in Gray is $1,210 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Gray pay a median of $1,025, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $840 · 4 bedrooms $1,610
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (70359, 70360, 70364; Houma-Bayou Cane-Thibodaux, LA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. 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.