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Gray CDP, LA

ZIP 70359 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 70359

Median Home Value
$161,300
Median Rent
$913
Affordability Snapshot
$44,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,036/mo PITI).

20%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 70359 in Gray CDP, LA, a household would need roughly $44,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,036. That sits below the local median household income ($54,139), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
89.7%+37% vs US avg
x
Vacancy Rate
7.0%-32% vs US avg
x
Broadband Access
90.7%+4% vs US avg
x
4+ Bedrooms
1.8%-88% vs US avg
x
Built Pre-1939
0.6%-96% vs US avg
x
Built Post-2014
0.5%-93% vs US avg
x
Rent Burden >30%
10.5%-79% vs US avg
x
Mortgage-Free
55.6%+46% vs US avg
x
$161,300
Home Value
$913
Rent
1989
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.5%
  • 1-unit attached0.8%
  • 2-9 units0.8%
  • 10+ units0.0%
  • Mobile home & other31.9%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$161,300
Median rent$913
Owner-occupied89.7%
Vacant7.0%
Price-to-income3.0x
Est. income to buy$44,000