Real Estate Investing in Gray, Louisiana (70359)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 70359 (Gray, LA)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.1% 5-year CAGR — values have moved lower.
- Elevated vacancy: 8.9% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Gray, LA (70359)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 70359 Gray
The 70359 ZIP in Gray, LA is a local-operator market. Outside capital chasing a $223K entry has to pair deep knowledge with the discount.
The investment case in 70359 is solid only for operators who understand what they are buying. A $223K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within LA, ZIP 70359 trails on several market indicators that neighboring Terrebonne Parish submarkets outperform. The gap is real and resilient enough to shape underwriting.
Resident income in 70359 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 70359 is an operator game, not a passive one. Meanwhile, entry prices of $223K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Gray:
Market Trends
Home Value History (with trend line)
📊 How Does 70359 Compare?
| Metric | 70359 | Gray | Houma-Thibodaux, LA | Louisiana |
|---|---|---|---|---|
| Home Value | $222,743 | $222,743 | N/A | $207,909 |
| 5-Year CAGR | N/A | N/A | N/A | 0.7% |
| Avg Rent | $1,107 | $1,107 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 70359 (Gray, LA). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,743 |
| Monthly Rent | $1,107 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.0% |
| Cap Rate | 3.9% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | -0.1% ▼ |
| 10-Year CAGR | +0.2% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 70359
Population: 9,472
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 70359
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,153 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How qualified is the tenant pool in Gray, LA?
Expect a solid tenant pool in Gray, LA. The rental market absorbs $1,107/mo rents without meaningful friction.
What kind of market is Gray, LA for investors?
Our data puts Gray, LA at 2.0/5 for investability. Home prices of $223K and rents around $1,107/mo create a solid backdrop for investor activity.
Is Gray, LA suited for a house hack?
The a challenging house-hack environment in Gray, LA reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Are eviction rules reasonable in Gray, LA?
Gray, LA falls under LA landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much do tenants pay in Gray, LA?
Expect rents around $1,107/mo per month in Gray, LA. With home values at $223K, the yield math works out to reasonable levels for rental investors.
You know 70359 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 70359 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 70359 ranks in Houma-Thibodaux, LA
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