Grays Prairie, TX
Population 378 · Texas
About Grays Prairie, TX
Grays Prairie is a small community located in Texas with a population of 378 residents according to the latest US Census Bureau American Community Survey data. The median household income is $118,750 per year, which is 58% above the national median of $75,149. The median age of 45.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Grays Prairie features a median home value of $291,700, which is 19% above the national median of $244,900. This positions Grays Prairie in a moderately priced market relative to the rest of the country. Median monthly rent is $675, 42% below the national average of $1,163/month. Of the 125 total housing units, 93% are owner-occupied (105 units) and 7% are renter-occupied (8 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grays Prairie shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grays Prairie have an average one-way commute time of 55.8 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
20.3% of Grays Prairie residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.3% White, 1.6% Hispanic or Latino, 0.0% Black or African American, and 2.4% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Grays Prairie, TX
Compared to national averages, Grays Prairie has a median household income of $118,750 (58% above the national median of $75,149). Home values average $291,700, which is 19% above the national median. Monthly rent at $675 is 42% below the US average of $1,163. Within Texas, Grays Prairie's income is 63% above the state average of $72,726, and home values are 38% above the state median of $211,769.
Why Live in Grays Prairie, TX?
Grays Prairie offers a strong local economy with a median household income of $118,750, well above the national average, and rent that’s lower than the national average at $675/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 2.4%, better than the national average.
Grays Prairie has a population of 378 with a median age of 45.3 years. Compare Grays Prairie with other cities to see how it stacks up, or explore all cities in Texas.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Grays Prairie
What is the population of Grays Prairie, TX?
The population of Grays Prairie, TX is 378 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Texas.
What is the median household income in Grays Prairie?
The median household income in Grays Prairie, TX is $118,750 per year, which is 58% above the national median of $75,149.
What is the median home value in Grays Prairie?
The median home value in Grays Prairie, TX is $291,700, which is 19% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grays Prairie?
The median monthly rent in Grays Prairie, TX is $675, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Grays Prairie?
The unemployment rate in Grays Prairie, TX is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grays Prairie, TX a good place to live?
Grays Prairie offers above-average incomes, a competitive housing market, and a strong job market. With a population of 378 and a median age of 45.3, the city appeals to established professionals and retirees.
How educated is Grays Prairie, TX?
20.3% of residents in Grays Prairie aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Grays Prairie?
Key cost-of-living indicators for Grays Prairie, TX: median home value is $291,700 (19% above national), median rent is $675/month, and median household income is $118,750. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Grays Prairie?
The poverty rate in Grays Prairie, TX is 2.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grays Prairie, TX?
Grays Prairie's population is 9.3% White, 1.6% Hispanic or Latino, 0.0% Black or African American, 2.4% Asian, and 6.1% two or more races. 2.1% of residents are foreign-born.