Much like its surrounding areas, it is a bit less expensive compared to the rest of the nation. However compared to the city of New Orleans, it's substantially less expensive.
Home prices
The price of the median home in Gray is $150,200. This is roughly $4,600 (3%) higher in comparison to nearby areas.Compared to the entire nation it is about $67,300 (30%) lower, and in comparison to the city of New Orleans is roughly $81,300 (35%) lower.
Rents
In Gray the median rent is $917 per month. Compared to its nearby areas this is about $86 (10%) higher.It is about $145 (13%) lower compared to the rest of the country, and it is roughly $81 (8%) lower in comparison to the city of New Orleans.
Nearby places
Bayou Cane
Bayou Cane is Gray's neighbor to the southeast. The real estate prices there are somewhat more expensive. The cost of the median home in Bayou Cane is $164,500, which comes out to $14,300 (8%) higher than Gray. Its rents are pretty similar. The median rent in Bayou Cane is $958 a month, which works out to $41 (4%) higher than Gray.
Schriever
Schriever is Gray's neighbor to the northwest. Its housing prices are somewhat less expensive. The median home in Schriever costs $115,900, which is $34,300 (29%) lower than Gray. The rent there is fairly similar. Schriever's median rent is $961 per month, which works out to $44 (4%) higher than Gray.
Bayou Blue
Bayou Blue is Gray's neighbor to the southeast. The real estate prices there are fairly similar. Bayou Blue's median home value is $156,500, which works out to $6,300 (4%) higher than Gray. The rent there is somewhat less expensive. In Bayou Blue the median rent is $817 a month, which is $100 (12%) lower than Gray.
Houma
Houma is about 8 miles southeast of Gray. Real estate prices there are pretty similar. Houma's median home value is $157,600, which is $7,400 (4%) higher than Gray. Its rents are somewhat less expensive. The median monthly rent in Houma is $778, which works out to $139 (17%) lower than Gray.
Raceland
Raceland is roughly 8 miles northeast from Gray. Real estate prices there are somewhat less expensive. Raceland's median home cost is $133,500, which is $16,700 (12%) lower than Gray. The rent there is a lot less expensive. In Raceland the median monthly rent is $643, which works out to $274 (42%) lower than Gray.
