Market Overview
Home Prices in Gramercy, LA
The median home value in Gramercy, LA is $208,713 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.9% compared to a year ago and down 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gramercy are priced49% below average. Gramercy is part of the New Orleans-Metairie, LA metro area.
Over the past five years, Gramercy home values have risen by approximately10.9%, reflecting steady appreciation in this market.
Price History
Gramercy Home Price Trend
City Comparison
Gramercy vs. National Median
At $208,713, homes in Gramercy cost 49% below the national median of $410,000. This makes Gramercy a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gramercy?
20% Down Payment
$41,743
on $208,713
Monthly P&I
$1,089/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,383/mo
incl. taxes & insurance
Income Needed
$55,320
gross annual (30% rule)
10% Down Option
$20,871
+ PMI applies
Loan Amount (20% dn)
$166,970
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 Gramercy, LA?
The median home value in Gramercy is $208,713 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.9% year-over-year.
How much have home prices changed in Gramercy?
Over the past year, home values in Gramercy have increased by 9.9%. Over five years, prices have risen approximately 10.9%.
How much do I need to earn to buy a home in Gramercy?
To comfortably afford the median home price of $208,713 with a 20% down payment ($41,743) at today's rates (6.8%), you'd need a gross annual income of approximately $55,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Gramercy compare to the national average home price?
The national median home value is approximately $410,000. At $208,713, homes in Gramercy are 49% below the national average.
What metro area is Gramercy part of?
Gramercy is part of the New Orleans-Metairie, LA metropolitan area. Home prices and market conditions can vary across the broader metro region.