The Most Affordable Neighborhoods in Gray Mountain, AZ by Home Value

 

Gray Mountain, AZ Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Gray Mountain area can be challenging. Home prices in Gray Mountain are now at a median cost of $258,622, lower than the Arizona average of $421,436.

The average cost of rent is $918/mo in Gray Mountain, primarily driven by the current value of real estate in the Gray Mountain area. In Gray Mountain, 10.66% of households rent, and 63.08% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Gray Mountain is $5,796 per month. Households that rent pay about 15.84% of their income on rent here. Gray Mountain’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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