Gray's Lake, IA Housing Market

$217,961

1.1% 1-yr

The average Gray's Lake, IA home value is $217,961, up 1.1% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Gray's Lake Key Takeaways

Typical Home Values: $217,961

1-year Value Change: +1.1%

(Data through June 30, 2025)

Gray's Lake Housing Market Overview

--1-year Market Forecast

22For sale inventory(June 30, 2025)

7New listings(June 30, 2025)

--Median sale to list ratio

--Median sale price(May 31, 2025)

--Median list price(June 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Nearby Neighborhoods

NameMedian ZHVI
Watrous Heights$191,870
Indianola Hills$185,274
Downtown Des Moines$260,593
McKinley School - Columbus Park$164,914
Watrous South$213,422
Magnolia Park$223,022
Arbor Peaks$368,821
Greenwood$337,015
Sherman Hill$319,772

Move forward with a local partner

Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.

Talk to a local agent

Get pre-qualified for a loan

At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.

Start Now

An equal housing lender. NMLS #10287.

Gray's Lake Rental Market Trends

--Average rent in Gray's Lake

$2,069National average rent(June 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.