Gray County, Kansas Housing Market Prices
Gray County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 456% above the Kansas median Most expensive county in Kansas$582,143
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Median rent 24% below the Kansas median$808
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Gray County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $582,143 | $104,644 | $248,835 |
| Price Trend (Annual %) | 39.9% | 4.4% | 7.5% |
| Median Gross Rent | $808 | $1,060 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gray County is about 456% higher than in Kansas. Rent is about 24% lower than the Kansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Gray County, up about 39.9% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Gray County rose about 26.4% between 2015 and 2024, from $639 to $808. Over the same span, rent in Kansas rose about 40.0%.
Affordability
On average, housing unit costs 7.3 yearly household incomes in Gray County.
Buying the median-priced home in Gray County costs roughly 60.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gray County. The price-to-rent ratio in Kansas is about 8.2.
| Metric | Gray County | Kansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $582,143 | $104,644 | $248,835 |
| Median Household Income | $79,973 | $74,287 | $80,455 |
| Price-to-Income Ratio | 7.3 | 1.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gray County rose about 850.4%, while median household income rose about 55.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Gray County | Kansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.9% | 60.9% | 58.5% |
| Rental Rate | 20.8% | 29.8% | 31.2% |
| Vacancy Rate | 9.3% | 9.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Gray County has a homeownership rate of 69.9%, higher than the Kansas average of 60.9%. Its housing vacancy rate is 9.3%, compared with 9.2% in Kansas.
Housing Stock
| Metric | Gray County | Kansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.63 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1977 | 1975 | 1978 |
| Median Number of Rooms | 6.5 | 6.0 | 5.5 |
The typical housing unit in Gray County was built around 1977. On average, 2.6 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Gray County, Kansas.
What is the median home price in Gray County, Kansas?
The median home price in Gray County, Kansas is $582,143, higher than the Kansas average of $104,644.
What is the average home price in Gray County, Kansas?
The typical home price in Gray County, Kansas, reported as the median sale price, is $582,143. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Gray County, Kansas?
The median gross rent in Gray County, Kansas is $808 per month, lower than the Kansas average of $1,060.
What was the median gross rent in Gray County in 2020?
In 2020, the median gross rent in Gray County, Kansas was $663 per month.
What is the price-to-rent ratio in Gray County, Kansas?
The price-to-rent ratio in Gray County, Kansas is about 60.1, meaning it would take roughly 60.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Gray County.
Are home prices or rent rising faster in Gray County, Kansas?
Both home prices and rent are rising in Gray County, up about 39.9% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Gray County, Kansas?
69.9% of households in Gray County, Kansas own their home, higher than the Kansas average of 60.9%.
What is the vacancy rate in Gray County, Kansas?
The housing vacancy rate in Gray County, Kansas is 9.3%, about the same as the Kansas average.
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