Gray, GA (31032) housing scorecard.
22 homes for sale in 31032 right now, median $370,450 · all 12 homes for sale in Gray
As of 2026-09-24, the typical home in Gray, GA (31032) is worth $280,372, up about 5.4% a year over five years; the Momentum Market Score is 45/100 (neither side has a clear edge right now). Data from Zillow, Realtor.com and the U.S. Census; score by Momentum Realty.
Home value, rent, cap rate, 5-year growth, price versus incomes and our 0 to 100 Momentum Market Score for ZIP 31032, free.
At about 3.81 times the local median income, prices sit close to the Georgia norm. Values are up roughly 5.4% a year over the last five years. Owning the typical home at today's 6.95% 30-year rate takes about 24.2% of a median income in principal and interest, the affordability squeeze in one number. About 17.7% of listings have cut their price.
Typical home value, last 13 months
What drives the score
Each bar ranks this ZIP against every other Georgia ZIP (0 = lowest, 100 = highest) on that input, then weighted into the score. Full methodology.
Common questions
Is Gray, GA (31032) a buyer's or seller's market?
By the Momentum Market Score, Gray, GA (31032) reads balanced (45 out of 100), meaning it is neither side has a clear edge right now. The score blends value versus incomes, price cuts, inventory growth, affordability and rent yield.
What is the typical home value in Gray?
About $280,372 (Zillow Home Value Index, 2026-09-24), up roughly 5.4% a year over five years.
Where does this data come from?
Zillow Research (home value, rent), Realtor.com (days on market, listings), U.S. Census (income, population), Freddie Mac via FRED (rate). Score and derived metrics by Momentum Realty, methodology here.
Data: Zillow Research, Realtor.com, U.S. Census Bureau ACS, and Freddie Mac 30-Year Fixed Rate Mortgage Average [MORTGAGE30US] via FRED. Score by Momentum Realty.
Looking in Gray?
A ZIP-level score is the lay of the land. We know the streets. Talk to the founders.
Talk to the founders