Cost of Living in Gray County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gray County Compares
Median monthly rent comparison
Detailed Housing Stats
Data Story
About Cost of Living in Gray County, Texas
Gray County rents creep above national average
Gray County's rent-to-income ratio of 19.2% exceeds the national average of 18.1%, placing renters under slightly more financial pressure than typical Americans. The county's median rent of $898 reflects modest housing costs, but they consume a larger share of incomes here than elsewhere.
Mid-pack affordability within Texas
At 19.2%, Gray County's rent burden sits above Texas's state average of 18.1%, indicating moderate affordability challenges compared to peers. The county's median home value of $100,400 is among the lowest in the state, appealing to buyers seeking deep discounts.
Rents higher than rural neighbors
Gray County's $898 median rent exceeds Hall County's $610 and Hale County's $798, though it remains below Grayson County ($1,178) and Gregg County ($1,072). Among small counties in this region, Gray sits in the middle of the rental market.
Renting strains lower incomes here
With a median household income of just $56,082, renters paying $898 monthly spend nearly 19% of income on housing alone. Homeowners enjoy a better bargain at $731 monthly (15.6% of income), making ownership the clearer financial advantage for those who can afford it.
Gray County suits buyers over renters
If you're looking to buy, Gray County's rock-bottom home values ($100,400 median) offer serious equity-building potential on a Texas budget. Renters, however, should compare this market carefully with the slightly cheaper options in nearby Hall County.
Affordability Calculator
See how your income compares to housing costs in Gray County
Rent Burden
19.2%
of gross income
Max Housing (28% Rule)
$1,309
per month
Owner Cost Burden
15.6%
of gross income
You can likely afford the median home in Gray County
Median home value is $100,400. Estimated monthly cost: $802 vs. your max of $1,309.
Rent Affordability Guide
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.