Gray County, Texas home prices
Typical home $105,191 · +1.9% in a year · property tax 1.37%
The typical home in Gray County is worth $105,191, 65% less than the Texas typical home ($296,424). Values changed +1.9% in the past year and +5.2% over five years. Homeowners here pay a median 1.37% of their home's value in property tax each year ($1,439 on the typical home), versus 1.32% statewide.
Mortgage on the typical Gray County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $21,038 | $84,153 | $566 | $0 | $173 | $739 | $31,700 |
| 10% down | $10,519 | $94,672 | $637 | $39 | $173 | $849 | $36,400 |
| 5% down | $5,260 | $99,931 | $672 | $42 | $173 | $886 | $38,000 |
| 3.5% down (FHA) | $3,682 | $103,286 | $695 | $47 | $173 | $914 | $39,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.37% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Texas · part of the Pampa metro area.
Texas counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Haskell County | $104,184 | +8.2% | 1.16% |
| Lamb County | $106,296 | -5.9% | 1.12% |
| Wilbarger County | $107,745 | +3.0% | 1.6% |
| Fisher County | $109,250 | +9.6% | 1.73% |
| Swisher County | $101,032 | +3.9% | 1.72% |
| Terrell County | $110,144 | -10.8% | 0.92% |
| Dickens County | $99,808 | +0.3% | 1.44% |
| Wheeler County | $99,566 | +10.6% | 1.39% |
| Dawson County | $111,742 | +6.0% | 1.62% |
| Mitchell County | $98,441 | +1.9% | 1.86% |
Frequently asked questions
What is the average home price in Gray County, TX?
The typical home value in Gray County is $105,191 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Gray County?
About $31,700 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Gray County?
The median effective rate is 1.37% of home value a year (Census ACS 2024 5-year estimates).