The housing market in Gray, TN is thriving. The median value of homes in Gray is $185,400, significantly lower than the US median value of $338,100. Despite this, the 1 year appreciation rate for homes in Gray is 20.28%, much higher than the 8.27% seen across the US. This indicates that home values in Gray are rising steadily and quickly, creating an exciting investment opportunity for prospective buyers.
The median home cost in Gray is $185,400. Home appreciation the last 10 years has been 87.2%. Home Appreciation in Gray is up 24.2%.
Average Age of Homes
- The median age of Gray real estate is 21 years old
The Rental Market in Gray
- Renters make up 23.9% of the Gray population
- 0.0% of houses and apartments in Gray, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.