Gray, Kentucky.
Typical home $142,232 (-3.8% in a year). London, KY metro.
to buy the typical home at today's mortgage rate — +$419 (+128%) since Jan 2020.
- 1 year
- Down $5,678 -4%
- $147,910$142,232 since Sep 2025
- 5 years
- Up $26,228 +23%
- $116,004$142,232 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Gray$747
- Kentucky$1,212
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Gray, KY fell 3.8% over the past year — slower than the nation's +1.2%.
Living in Gray, Knox County, Kentucky
The Census does not count Gray on its own, so the figures here are Knox County's. Half the county's households earn more than $32,527 a year and half less; 37% of the county's people live below the poverty line. 65% of the county's homes are lived in by their owners and 35% are rented. Unemployment in Knox County was 5.8% in August 2026, and the county had 2.0% fewer jobs in 2025 than the year before. The most people in Knox County work in schools and health care, then shops.
Written by AI Claude Haiku 5.5 wrote this on 22 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Gray is a small town in Knox County, in the hills of southeastern Kentucky. Across the county, most homes are lived in by their owners, and home values are modest compared with most of the country. Winters are cold, summers are warm, and there is a good deal of rain and melted snow through the year.
Work. Residents work in schools, hospitals and social care, shops, professional and business services, and manufacturing. Across Knox County, unemployment is lower than it was a year earlier, though the number of jobs has slipped. Relatively few adults hold a four-year degree, and few people work from home, so most people travel to a job outside the house.
Things to do. Cumberland Falls, a waterfall, is one of the best known places nearby, and it is a longer drive away. Daniel Boone National Forest, a protected area, is also a longer drive away, while Dr. Thomas Walker State Historic Site, a protected area, is a short drive away.
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- 11,711households
- 39.7median age
- 14%of adults have a degree
- 37%below the poverty line
- 24 mintypical commute
- 9%work from home
What people in Knox County work in
Employed residents by industry, from the Census survey. Knox County had 7,528 jobs in 2025, 2.0% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 45° and lows near 25°; warmest in July, with highs near 87° and lows near 65°. About 54 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Barbourville weather station, 6 miles away (NOAA).
Largest workplaces in Knox County
- Knox County SchoolsSchool district753FTE
- Jackson Warewashing SystemsDishwashing machines, commercial-type, manufacturing327
- Union CollegeUniversity or college230
- Grace Health - Medical CampusCommunity health centers and clinics, outpatient161
- Barbourville ARH HospitalCritical access hospital158FTE
- Forcht Group of KentuckyNursing homes144
- WalmartDiscount department stores131
- Kroger Louisville KMASupermarkets and other grocery except convenience stores93
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 17 workplaces with 20 or more staff, 1,338 people in all. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- LandslidesRelatively moderate
- Winter weatherRelatively moderate
- Strong windRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Knox County, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Knox County and the London, KY metro.
Gray home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Gray$142,232
- Kentucky$230,909
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Gray12
Zip codes with a Gray address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Gray — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.