Grey Forest, TX
Population 677 · Texas
About Grey Forest, TX
Grey Forest is a small community located in Texas with a population of 677 residents according to the latest US Census Bureau American Community Survey data. The median household income is $122,222 per year, which is 63% above the national median of $75,149. The median age of 57.2 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 Grey Forest features a median home value of $436,500, which is 78% above the national median of $244,900. This places Grey Forest in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $796, 32% below the national average of $1,163/month. Of the 349 total housing units, 96% are owner-occupied (281 units) and 4% are renter-occupied (13 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Grey Forest shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Grey Forest have an average one-way commute time of 28.2 minutes.
Education & Demographics
51.9% of Grey Forest residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 30.9% White, 0.0% Hispanic or Latino, 1.5% Black or African American, and 3.2% Asian residents, with 1.0% of the population being foreign-born.
Cost of Living in Grey Forest, TX
Compared to national averages, Grey Forest has a median household income of $122,222 (63% above the national median of $75,149). Home values average $436,500, which is 78% above the national median. Monthly rent at $796 is 32% below the US average of $1,163. Within Texas, Grey Forest's income is 68% above the state average of $72,726, and home values are 106% above the state median of $211,769.
Why Live in Grey Forest, TX?
Grey Forest offers a strong local economy with a median household income of $122,222, well above the national average, and rent that’s lower than the national average at $796/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features a well-educated community where 51.9% of residents hold a bachelor’s degree or higher, and a low poverty rate of 4.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $436,500. However, Grey Forest’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Grey Forest has a population of 677 with a median age of 57.2 years. Compare Grey Forest 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 Grey Forest
What is the population of Grey Forest, TX?
The population of Grey Forest, TX is 677 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 Grey Forest?
The median household income in Grey Forest, TX is $122,222 per year, which is 63% above the national median of $75,149.
What is the median home value in Grey Forest?
The median home value in Grey Forest, TX is $436,500, which is 78% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Grey Forest?
The median monthly rent in Grey Forest, TX is $796, which is 32% below the national average of $1,163/month.
What is the unemployment rate in Grey Forest?
The unemployment rate in Grey Forest, TX is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Grey Forest, TX a good place to live?
Grey Forest offers above-average incomes, a competitive housing market, and a strong job market. With a population of 677 and a median age of 57.2, the city appeals to established professionals and retirees.
How educated is Grey Forest, TX?
51.9% of residents in Grey Forest aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Grey Forest?
Key cost-of-living indicators for Grey Forest, TX: median home value is $436,500 (78% above national), median rent is $796/month, and median household income is $122,222. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Grey Forest?
The poverty rate in Grey Forest, TX is 4.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Grey Forest, TX?
Grey Forest's population is 30.9% White, 0.0% Hispanic or Latino, 1.5% Black or African American, 3.2% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.