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Gray, TN

Full City Profile · Tennessee · Washington County County

3.5 /5.0
B+ Good
1,606 Population 1,078/sq mi density
$66,585 Median Income $32,200 per capita
$192,500 Home Value $296,306 Zillow
$1,094 Median Rent 20.4% income on rent
57°F Avg Temperature 305 sunny days/yr
602 Violent Crime/100K 4,963 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$66,585 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$192,500 home value, $1,094/mo rent
F
Safety
1.0 / 5.0
602 violent crimes/100K (58% above avg)
B+
Education
3.7 / 5.0
33.5% bachelor's degree or higher

Housing Overview

Median Home Value
$192,500
32% below
US avg: $281,900
Median Rent
$1,094/mo
6% below
US avg: $1,163/mo
Homeownership Rate
72.5%
11% above US avg (65.4%)
Total Housing Units
604
Median year built: 2002

Home Value by Source

Census Median
$192,500
Zillow (ZHVI)
$296,306
Median Sale Price
$320,500
Median List Price
$434,350
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

72.5%
Owner-Occupied
27.5%
Renter-Occupied
73%
28%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$882/mo
1 Bedroom
$924/mo
2 Bedroom
$1,118/mo
3 Bedroom
$1,445/mo
4 Bedroom
$1,644/mo
Census median rent: $1,094/mo

Market Indicators (Redfin)

Median Days on Market
157 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
3
Price Drops
45.5%
of listings with price reduction
Price Per Sq Ft
$223
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
20.4%
of renters spending 30%+ of income on housing
34% below US avg (31.0%)
Median Year Built
2002
Average age of housing stock: 24 years
Homeownership Rate
72.5%

Complete Housing Data

Home Values

Census Median Value$192,500
Zillow Home Value (ZHVI)$296,306
Median Sale Price$320,500
Median List Price$434,350
Price Per Sq Ft$223

Rent

Census Median Rent$1,094
FMR Studio$882
FMR 1-Bedroom$924
FMR 2-Bedroom$1,118
FMR 3-Bedroom$1,445
FMR 4-Bedroom$1,644

Market

Days on Market157
Sale-to-List Ratio1.0%
Price Drops45.5%
Homes Sold3
Active Inventory11
Price Per Sq Ft$223

Ownership & Stock

Owner-Occupied72.5%
Renter-Occupied27.5%
Homeownership Rate72.5%
Total Housing Units604
Median Year Built2002
Rent Burden20.4%