Housing in Gray

Homes in Gray

Home prices around Gray have risen about 39% over the past 5 years.

2-bedroom rent

$970

a month, utilities in · HUD

What kind of housing town is Gray?

Read from the numbers below. The page puts what stands out first.

Prices coolingDown 3.9% in a year.

★ What stands out · Price trend

Home prices up 39% in 5 years

The federal house price index for the ZIP code around Gray rose 39% over the past 5 years, about the same as across Minnesota. Last year prices fell 3.9%.

Gray areaMinnesota

−3.9%

past year

+39%

past 5 years

+70%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Gray, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $970

Fair Market Rent a month, utilities included

Studio$670

1 bedroom$740

2 bedrooms$970

3 bedrooms$1,200

4 bedrooms$1,530

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Lincoln County, MN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Gray vs. its neighbors

The towns that share a border with Gray. Tap one to see its housing page.

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2025	Median income
Gray	—	−3.9%†	$970	—	$133,250
Pipestone	$151K	+5.2%	$970	7	$67,568
Hatfield	—	—	$1,050	—	$88,333
Grange	—	−3.9%†	$1,000	—	$112,500
Sweet	—	−3.9%†	$970	—	$134,500

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.

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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. Price trend: Federal Housing Finance Agency House Price Index. 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.