Gray County, Texas Housing Market
In Gray County, Texas, the median home value is $102,900, with a median monthly rent of $933. This places Gray County at #2885 nationally out of 3134 counties by median home value, and #206 within Texas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,235
- Establishments: 495
- BLS QCEW, 2025
Housing Supply
- Single-family: 8
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 7,485 (avg $58,346)
- Outflow: 6,958 (avg $59,467)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Gray County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 79065 | 244.4 | +3.23% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
How Gray County Compares
| Metric | Gray County | Texas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $102,900 | $186,278 | $227,706 |
| Median Gross Rent | $933 | $997 | $968 |
| Owner Occupancy Rate | 76.4% | 73.2% | 73.3% |
| Price/Rent Ratio | 9.2 | 15.2 | 18.7 |
Market Analysis
The median home value in Gray County is 44.8% below the Texas state average and 54.8% below the U.S. national average. The median rent of $933/month is 6.4% below the state average.
With a price-to-rent ratio of 9.2, buying a home in Gray County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Gray County has an owner-occupancy rate of 76.4%, compared to 73.2% in Texas and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Poinsett County | Arkansas | $103,000 | $619 |
| Marion County | Illinois | $103,000 | $794 |
| Chattahoochee County | Georgia | $102,700 | $1,348 |
| Baylor County | Texas | $103,100 | $581 |
| Newton County | Texas | $103,100 | $1,001 |
Other Counties in Texas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Baylor County | $103,100 | $581 | 66.2% |
| Newton County | $103,100 | $1,001 | 82.9% |
| Dawson County | $103,400 | $777 | 70.6% |
| Collingsworth County | $104,000 | $714 | 73.8% |
| Shelby County | $101,500 | $781 | 74.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).