As-is Deals in Gray, ME

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Home Value Estimator For Gray, ME

There are currently 3,446 real estate properties in Gray, ME, with a median automated valuation model (AVM) price of $443,502.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Gray, ME, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Gray, ME, is $470,759.00, with the most expensive house in Gray, ME, topping out at $3,223,200.00 and the cheapest home in Gray, ME, clocking in at $43,796.00. In other words, there’s something for every potential homebuyer or savvy investor in Gray, ME!

Rent Prices In Gray, ME

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Gray, ME, is on a rollercoaster ride. The average rent price in Gray, ME, is $1,629.00. Indeed, when looking to rent in Gray, ME, you can expect to pay as little as $920.00 or as much as $2,610.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Gray, ME -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Gray, ME In 2024

Gray is located in Cumberland, Maine, with an estimated municipal population of 8,117 residents. All of the best foreclosed homes for sale in Gray are located in the following zip code areas on 04039. The estimated population per square kilometer (.62 miles) in Gray is 72.

Cost Of Living In Gray, ME

So, about how much do homes cost in Gray? The most recent median value of resident-owned homes in Gray is 236,908. An estimated 78.8 percent of households in Gray own their homes, with an average family size of 2.71. The median household income in Gray is 77,267, with35.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Gray, the median commute time of resident workers (in minutes) is 26. And last, but certainly not least, are you looking for homes to rent in Gray? If so, the average rent price paid by renters in Gray is 1,120, according to recent statistics.

Diversity And Demographics In Gray, Maine

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Gray, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Gray is 41.5, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Gray is 54.6, with an average family size of 2.71.

The percentage of residents who report their race in Gray is as follows:

White 93.3%
Black / African American 0.5%
Asian 1.9%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 3.4%
Other 0.2%

Looking for family-friendly neighborhoods in and/or near Gray? Or maybe you are searching for 55+ active adult communities in and/or near Gray?

The percentage of residents who report their age in Gray is as follows:

Under 10 11.7%
Aged 10-19 8.1%
20s 11.8%
30s 13.9%
40s 12.8%
50s 14.4%
60s 17.7%
70s 8.7%
80+ 0.9%

Best Schools In Gray, Maine

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Gray with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Gray.

Pros And Cons Of Living In Gray, Maine

How do you know that living in -- or moving to -- Gray is right where you need to be? Perhaps you grew up in Gray or already live nearby; therefore, the decision to buy a home in Gray is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Gray for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Gray:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Gray.

Reasons To Move To Gray, Maine, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Gray can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Gray, meanwhile, can field multiple offers from more qualified buyers.

Gray, ME As-is Deals


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