Real Estate Investing in Gray, Louisiana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 9,472 • Terrebonne Parish

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Should you buy in Gray, LA? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (45/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
WEAK
2.0 / 5 (33/100)

Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.

⚠️ Risks to Know
2 flags
  • Declining values: -0.1% 5-year CAGR — values have moved lower.
  • Elevated vacancy: 8.9% vacancy may signal weakening demand.

What’s happening in Gray, LA?

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2.0/ 5

Investability

Citywide average

0.0/ 5

Appreciation

Long-term value growth

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $222,743
Avg Monthly Rent $1,107
ZIP Codes 1

Investing in Gray Real Estate

This is a distressed-leaning corner of Louisiana: Gray has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Gray is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. plainly out-of-state investors should be especially careful with the assumptions they carry in.

Rents in Gray at $1,107/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Demographics in Gray show real pressure — median income of $N/AK is soft relative to rents, and the 0% renter share includes significant cost-burdened households.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Houma-Thibodaux, LA

Gray is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$222,743
Avg Monthly Rent
$1,107
1% Rule
✗ Below
Landlord Friendly (LA)

ZIP Codes in Gray, LA

Screen every ZIP in Gray

Filter Gray’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Gray, LA

Do landlords face vacancy issues in Gray, LA?

Rental vacancy in Gray, LA is elevated. Investors should budget normal turnover but not chronic empty units.

Where do home prices stand in Gray, LA?

Gray, LA median home values land near $223K. That is reasonable territory for investors looking at $1,107/mo-per-month rentals.

Where do rents currently stand in Gray, LA?

Investors in Gray, LA typically see rents near $1,107/mo per month against $223K home values - a solid setup for rental cash flow.

How landlord-friendly is Gray, LA?

The landlord environment in Gray, LA is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

What is the investability score for Gray, LA?

Gray, LA records an investability rating of 2.0/5, with median home values near $223K and average rents around $1,107/mo. That combination puts it in the substantial tier for investor interest.

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