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Gray Summit

Learn about the people, housing, costs and businesses in Gray Summit, Missouri

Median Home$223,035
Median Rent$1,077/month
Population2,861
Leading IndustriesRetail · Information & Media · Finance & Insurance20% retail
Home Value Growth-3.5% over 2 years
Young Adults28% of residentsnear the national average
Homeowners74% of occupied units
Gray Summit
MO

Frequently Asked Questions

What are today's mortgage rates in Gray Summit?

As of today, the 30-year fixed mortgage rate for Gray Summit is approximately 6.987% (7.026% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Gray Summit?

The median home value in Gray Summit is $223k. The median monthly rent is $1,077. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Gray Summit?

Home values in Gray Summit have decreased 3.5% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Gray Summit?

Based on a typical all-in ownership cost of $1,074/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Gray Summit is $70k/year.

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What industries drive the economy in Gray Summit?

The largest employment sectors in Gray Summit are retail (20%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.