Gray, Louisiana.
Typical home $232,698 (-0.0% in a year). Houma-Thibodaux, LA metro.
to buy the typical home at today's mortgage rate — +$364 (+42%) since Jan 2020.
- 1 year
- Down $94 -0%
- $232,792$232,698 since Sep 2025
- 5 years
- Up $546 +0%
- $232,152$232,698 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$1,221
- Louisiana$1,123
- United States$1,922
Typical home values in Gray, LA fell 0.0% over the past year — slower than the nation's +1.2%.
Living in Gray, Terrebonne Parish, Louisiana
Gray, in Terrebonne Parish, had 5,518 people in the 2020 census. Half its households earn more than $54,559 a year and half less, against $64,836 across Terrebonne Parish; 15% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Terrebonne Parish was 3.4% in August 2026, and the county had 0.1% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 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 It can be wrong or out of date.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 community in Terrebonne Parish where most homes are lived in by their owners, a good deal more than is typical across the country. Incomes run below the parish's as a whole, and relatively few adults hold a four-year degree. Winters are mild, with January days that stay comfortably above freezing, while August is hot, and snow is rare and rain is plentiful through the year.
Work. Residents work mostly in schools, hospitals and social care, in shops, in restaurants, hotels and entertainment, and in transport, warehousing and utilities. In Gray itself, the largest workplaces include Danos, which does contract oil well logging, Premier Offshore Catering, and Southland Truck Group, an auto dealer. Commutes are of middling length, and very few people work from home.
Things to do. The Edward Douglass White House, a museum, and Manning Field at John L. Guidry Stadium are both a short drive away. For a longer drive, Lac des Allemands is a lake with room for time on the water, and the Whitney Plantation Historic District is a museum of the region's history.
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- 1,962households
- 12%of adults have a degree
- 15%below the poverty line
- 26 mintypical commute
- 4%work from home
What residents work in
Employed residents by industry, from the Census survey. Terrebonne Parish had 47,828 jobs in 2025, 0.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 64° and lows near 44°; warmest in August, with highs near 91° and lows near 74°. About 65 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Houma weather station, 3 miles away (NOAA).
Largest workplaces in Gray
- DanosOil well logging on a contract basis2,557
- Premier Offshore CateringCafeteria food services contractors214
- Southland Truck GroupAutomobile dealers, new only or new and used152
- Gulf Coast ManufacturingWell logging equipment manufacturing128
- UPSCouriers and express delivery services118
- Dunlap & Kyle423130 tire and tube merchant wholesalers40
- Compass Behavioral Health Center ofPsychiatric hospital37FTE
- DatwylerMachine tool attachments and accessories manufacturing30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 3,290 people in all. Hospitals come 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
- HurricanesVery high
- Heat wavesRelatively high
- LightningRelatively high
- TornadoesRelatively high
- Cold wavesRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Gray’s census tracts, against the rest of the country; all of them together, relatively high. 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 Terrebonne Parish and the Houma-Thibodaux, LA 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$232,698
- Louisiana$213,867
- United States$366,157
Sellers are cutting prices on about 1 in 9 Gray listings — the market is heating up.
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
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Gray11.58%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Gray27
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
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.