VoucherMatch/RentalCalcs
Tools
My DealsPricingBlog
RentalCalcs

Professional real estate investment calculators to help you analyze deals faster and make confident investment decisions.

Part of VoucherMatch →

Product

  • Tools
  • Market Map
  • Section 8 Rents
  • Investor Tax Tools
  • Airbnb Laws by City
  • Pricing
  • Compare Calculators
  • Blog
  • About

Top Markets

  • Maricopa County, AZ
  • Harris County, TX
  • San Diego County, CA
  • Miami-Dade County, FL
  • Dallas County, TX
  • Clark County, NV
  • Cook County, IL
  • Tarrant County, TX
  • Wayne County, MI
  • Orange County, CA
  • Browse All Markets →

Rent vs Buy

  • Austin, TX
  • Denver, CO
  • Miami, FL
  • Seattle, WA
  • Phoenix, AZ
  • Nashville, TN
  • Atlanta, GA
  • Boston, MA
  • All 580+ Cities →

Support

  • Contact Support
  • My Tickets

Legal

  • Terms of Service
  • Privacy Policy

© 2026 Voucher Match LLC · part of VoucherMatch. All rights reserved.

Market MapTexasGray

Gray County

TexasPopulation: 21,272
51
/100
Hold
#575 of 1,000 counties
#136 in Texas (243 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated July 8, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$99,249
Median Home Price
57% below national median
$5,997/mo
Est. Rent
Based on regional data
6.04%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
51/100
51
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
14/100

Based on -5.6% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
100/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes

Challenges

  • -Declining home values (-5.6% YoY)
  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
21,272
Median Income
—
Data pending
Unemployment Rate
—
Data pending
Price-to-Income
—
Data pending

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
HendersonTX
52$267,226$1,3215.93%HoldView
BastropTX
52$356,064$1,7906.03%HoldView
MasonTX
52$352,481Est. pending—HoldView
CurrentGrayTX
51$99,249Est. pending—Hold
RainsTX
51$284,463Est. pending—HoldView
HillTX
51$223,626Est. pending—HoldView

The Bottom Line

HoldGray is a neutral market.

Gray County in Texas scores 51/100, ranking #575 of 1,000 US counties (top 73%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Markets like Gray with stronger cash flow

  • Bastrop County for cash-flow rentals
  • Henderson County for cash-flow rentals

Head-to-head comparisons

  • Gray vs Rains for rentals
  • Gray vs Hill for rentals
  • Gray vs Henderson for rentals
All counties in Texas →

Rent vs buy in Texas cities

Rent vs buy in Houston, TXMedian $277,740 · rent $1,584/moRent vs buy in San Antonio, TXMedian $252,853 · rent $1,362/moRent vs buy in Dallas, TXMedian $303,490 · rent $1,635/moRent vs buy in Austin, TXMedian $467,178 · rent $1,595/moRent vs buy in Fort Worth, TXMedian $316,863 · rent $1,616/moAll Texas citiesFull rent-vs-buy directory for the state

Ready to Analyze a Deal in Gray?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRRHouse HackOwner-occupied strategyMultifamily5+ unit properties
Explore Other Markets