The Most Affordable Neighborhoods in Gray, LA by Home Value

 

Gray, LA Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gray area can be challenging. Home prices in Gray are now at a median cost of $136,898, lower than the Louisiana average of $194,522.

The average cost of rent is $837/mo in Gray, primarily driven by the current value of real estate in the Gray area. While nearly 52.15% of residents own their homes outright in Gray, 17.77% rent.

Housing affordability isn’t just about home prices, though. The average household income in Gray is $4,156 per month. Households that rent pay about 20.14% of their income on rent here. Gray's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.


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