Market Overview
Home Prices in Gray, GA
The median home value in Gray, GA is $279,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2% compared to a year ago and up 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gray are priced32% below average. Gray is part of the Macon-Bibb County, GA metro area.
Over the past five years, Gray home values have risen by approximately33.0%, reflecting strong long-term appreciation in this market.
Price History
Gray Home Price Trend
2020
$185,713
$186K
—
2021
$210,094
$210K
+13.1%
2022
$243,452
$243K
+15.9%
2023
$252,981
$253K
+3.9%
2024
$265,569
$266K
+5.0%
2025
$273,811
$274K
+3.1%
2026
$279,394
$279K
+2.0%
City Comparison
Gray vs. National Median
🏠 Gray
$279,394
National Median
$410,000
At $279,394, homes in Gray cost 32% below the national median of $410,000. This makes Gray a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gray?
20% Down Payment
$55,879
on $279,394
Monthly P&I
$1,457/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,850/mo
incl. taxes & insurance
Income Needed
$74,000
gross annual (30% rule)
10% Down Option
$27,939
+ PMI applies
Loan Amount (20% dn)
$223,515
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Gray, GA?
The median home value in Gray is $279,394 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2% year-over-year.
How much have home prices changed in Gray?
Over the past year, home values in Gray have increased by 2%. Over five years, prices have risen approximately 33.0%.
How much do I need to earn to buy a home in Gray?
To comfortably afford the median home price of $279,394 with a 20% down payment ($55,879) at today's rates (6.8%), you'd need a gross annual income of approximately $74,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Gray compare to the national average home price?
The national median home value is approximately $410,000. At $279,394, homes in Gray are 32% below the national average.
What metro area is Gray part of?
Gray is part of the Macon-Bibb County, GA metropolitan area. Home prices and market conditions can vary across the broader metro region.