House Prices

House Prices & Home Values Gray, ME 2026


Average Data

average house price$397,180
average size per house2304 ft²
average price per ft²173 $ / ft²

04/05/2026 - The value range (VR) for house prices in Gray, ME is $172/ sqft to $172/ sqft. An average home with 2304 sqft costs approximately $396,288 to $396,288. Gray, ME includes 1 ZIP codes and it is located in Cumberland county. The lowest prices are found in ZIP 04039, while the highest are in ZIP 04039. The average price per sqare feet is $173. Our analysis is based on 50 property listings.

Avergage prices by ZIP codes Gray

04039157 $ / ft²


House prices by neighborhoods in Gray

Crystal Lake171 $ / ft²
Dry Mills169 $ / ft²
East Gray175 $ / ft²
Gray Corner174 $ / ft²
Gray Village182 $ / ft²
Little Sebago Lake184 $ / ft²
North Gray155 $ / ft²
South Gray185 $ / ft²
West Gray174 $ / ft²




Historical development of home values in Gray

Year Estimated value (USD) Change vs. 2025
2010 $184,458 -53.6%
2011 $177,325 -55.4%
2012 $176,847 -55.5%
2013 $183,457 -53.8%
2014 $192,580 -51.5%
2015 $202,463 -49.0%
2016 $213,029 -46.4%
2017 $224,527 -43.5%
2018 $236,941 -40.3%
2019 $247,927 -37.6%
2020 $260,744 -34.4%
2021 $296,568 -25.3%
2022 $345,731 -13.0%
2023 $364,590 -8.2%
2024 $385,682 -2.9%
2025 $397,180 0.0%

Graph: estimated home values in Gray over time (USD)



Example: 100% financing house in Gray

Loan amount: $397,180

Interest rate: 6.00%

Fixed monthly payment: $2,381.29

Breakdown in the 1st month:
Interest portion: $1,985.90  –  Principal portion: $395.39

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,698.12 $4,877.42 $392,302.58
2 $23,397.29 $5,178.25 $387,124.34
3 $23,077.91 $5,497.63 $381,626.71
4 $22,738.83 $5,836.71 $375,790.00
5 $22,378.83 $6,196.71 $369,593.29
6 $21,996.63 $6,578.90 $363,014.39
7 $21,590.86 $6,984.68 $356,029.71
8 $21,160.06 $7,415.48 $348,614.24
9 $20,702.69 $7,872.85 $340,741.39
10 $20,217.11 $8,358.43 $332,382.96
11 $19,701.58 $8,873.96 $323,509.01
12 $19,154.25 $9,421.28 $314,087.72
13 $18,573.17 $10,002.37 $304,085.36
14 $17,956.25 $10,619.29 $293,466.07
15 $17,301.27 $11,274.27 $282,191.80
16 $16,605.90 $11,969.64 $270,222.16
17 $15,867.64 $12,707.90 $257,514.26
18 $15,083.84 $13,491.69 $244,022.57
19 $14,251.71 $14,323.83 $229,698.74
20 $13,368.24 $15,207.29 $214,491.44
21 $12,430.29 $16,145.25 $198,346.20
22 $11,434.49 $17,141.05 $181,205.15
23 $10,377.26 $18,198.27 $163,006.87
24 $9,254.83 $19,320.70 $143,686.17
25 $8,063.18 $20,512.36 $123,173.81
26 $6,798.02 $21,777.52 $101,396.29
27 $5,454.83 $23,120.71 $78,275.58
28 $4,028.79 $24,546.74 $53,728.84
29 $2,514.80 $26,060.73 $27,668.10
30 $907.44 $27,668.10 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Gray, ME


1500 sqft3900 sqft
Ø selling price$313,995$667,953
Ø fast selling$285,450$601,158
Ø high price sale$342,540$734,749

In 2026, houses in Gray, ME will be offered at an average price of $173 per square foot. A 1,500 sqft home priced at $313,995 is 20.93% more expensive per square foot than a 3,900 sqft home priced at $667,953. Home prices in Gray, ME vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $462,430. Sellers who can wait longer may achieve a higher price of up to $565,192.


Explore Gray, ME

Gray, ME is a welcoming Cumberland County town ideally located between Portland and Lewiston-Auburn. This Southern Maine community blends small-town charm with year-round outdoor recreation and convenient access to major employers.
Visitors and residents enjoy quick connections via Interstate 95 and Route 26, making Gray a strategic home base for commuting and travel.

Top Attractions in Gray, Maine

One of the top things to do in Gray, Maine is the Maine Wildlife Park, where you can see rescued moose, black bears, and eagles up close. Nature lovers hike and bike the Libby Hill Forest Trails, while paddlers and swimmers flock to Crystal Lake and nearby Little Sebago Lake.
Golfers tee off at Spring Meadows Golf Club, and winter brings groomed trails, ice fishing, and snowshoeing across scenic forests. Downtown Gray offers local eateries, farm stands, and events that celebrate Maine-made goods and seasonal flavors.

Living, Access, and Business

Families value Gray?s strong community spirit, reputable schools, and safe neighborhoods with a variety of housing options. Businesses benefit from Gray?s pro-growth mindset, logistics-friendly location, and steady visitor traffic drawn by regional attractions. Whether you?re planning a weekend getaway or a permanent move, Gray, ME delivers authentic Maine living with easy access to the Sebago Lake region and coastal adventures.



FAQ – Home Values in Gray

What is the median home value in Gray in 2026?

In 2026, the typical home value in Gray is about $397,180 for an average home size of 2304 square feet. This corresponds to an average price of roughly $173 per square foot.

What is the average cost per square foot in Gray?

In 2026, homes in Gray sell for an average of around $173 per square foot, with a typical range between $172 and $172 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Gray is about 2304 square feet, with an estimated 2026 value around $397,180.



Locations close to Gray, ME

Harrison, ME200 $ / ft²
Hiram, ME220 $ / ft²
Hollis Center, ME187 $ / ft²
Gorham, ME284 $ / ft²
Fryeburg, ME156 $ / ft²
Freeport, ME216 $ / ft²
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