Gray Homes under $400,000

Welcome to Gray, Maine – a charming town nestled in the heart of Cumberland County, where small-town charm meets natural beauty. With its picturesque landscapes, vibrant community spirit, and convenient access to both urban amenities and outdoor adventures, Gray is an ideal place to call home.

Gray boasts a rich history and a warm, welcoming atmosphere, making it perfect for families, retirees, and anyone in between. The town is surrounded by stunning lakes, including the beautiful Crystal Lake and the expansive Sebago Lake, offering endless opportunities for fishing, boating, and hiking. Nature enthusiasts will appreciate the miles of trails and parks, while those who enjoy community events can partake in local festivals, farmers' markets, and cultural gatherings throughout the year.

For homebuyers seeking affordability without sacrificing quality of life, Gray has an impressive selection of homes available for under $400,000. Whether you're looking for a cozy single-family home, a charming cottage, or a spacious townhome, there's something for everyone in this thriving market. These homes often feature modern amenities, spacious yards, and are located within friendly neighborhoods that foster a sense of community.

Living in Gray means enjoying both the tranquility of rural life and the convenience of being just a short drive from Portland's vibrant downtown scene. With its blend of natural beauty, community spirit, and affordable housing options, Gray is a hidden gem waiting to be discovered. Come explore the possibilities and find your dream home in this lovely Maine town!

Newest Gray Homes under $400,000

$374,000

3 Beds ⋅ 1 Baths

A Private Haven. An Exceptional Location. A Home of Comfort. Charming, thoughtfully updated, and perfectly suited to one-level living, this delightful home in Gray offers an inviting blend of comfort, style, and everyday convenience. Set in a private, peaceful setting with a generous yard, it is a wonderful place to enjoy the simple pleasures of Maine living. Inside, the open-concept layout creates a warm and welcoming atmosphere, with the kitchen at its heart. Designed for both everyday living and entertaining, the kitchen features stainless steel appliances and an abundance of cabinetry and countertop space, providing room to prepare, gather, and enjoy. The home's single-level design offers effortless flow and a comfortable sense of ease, while tasteful updates bring a fresh, polished feel throughout. Step outside to discover a large, private yard with plenty of space to relax, garden, entertain, or simply enjoy the beauty of the surrounding setting. Whether savoring a quiet morning coffee or gathering with friends on a summer afternoon, this outdoor space offers a lovely extension of the home. Conveniently located in Gray, this inviting property places you close to local amenities and everyday essentials, while still offering the privacy and tranquility of a welcoming Maine retreat. Minutes away from I-95, Portland, Lewiston/Auburn and the acclaimed Pineland Farms, a cherished destination with picturesque landscapes for outdoor recreation, farm activities, and their market to purchase fresh ingredients for cooking your farm-to-table meals at home. A home for life's best moments.

27 Whitney Rd, Gray

Listing courtesy of Blue Lobster Real Estate.

$389,000

2 Beds ⋅ 1 Baths

For the first time ever, 57 Depot Road is ready for its next chapter. Set on 2 acres of level, usable land, this well-maintained Gray ranch offers easy one-level living, a 2-car garage, and plenty of room to enjoy the property today while making it your own. Inside, the main level offers a functional layout with a bright living area, two bedrooms, a full bath, and convenient first-floor laundry currently located in the second bedroom. The laundry could easily be relocated to the basement if more space is desired. The home retains some original finishes, giving the next owner a chance to bring a fresh vision to the space and make it distinctly their own. Recent improvements include new LVP flooring and a roof re-shingled in 2025, providing a solid foundation for future updates. The full basement provides a workbench and plenty of room for a workshop, hobby area, or future finished space. Combined with the main-level living areas, it gives this modest-sized ranch considerably more room to work with. The home is complemented by a spacious 2-acre lot, offering privacy, flexibility, and plenty of room to enjoy the outdoors. The land is notably level and usable, with a spacious existing yard and potential to expand it significantly into the wooded portion. Whether you envision trails, gardens, outdoor recreation, or simply want the privacy and breathing room that comes with acreage, there is room here to make the property fit your vision. Located just 2.6 miles from Pineland Farms, 4 miles from Libby Hill Trails, and approximately 1 mile from a local fishing spot on the Royal River, outdoor recreation is never far away. Convenient access to I-95 makes commuting simple, with downtown Portland less than 20 miles away. With 2 acres of usable land, meaningful recent updates, a 2-car garage, and a location offering both convenience and access to the outdoors, this is a property with the space and potential to become something truly special.

57 Depot Rd, Gray

Listing courtesy of Signature Homes Real Estate Group, LLC.

$399,000

3 Beds ⋅ 1 Baths

This adorable 3-bedroom, 1-bath Ranch checks all the boxes for comfortable, easy homeownership. Set on nearly an acre, the property offers a spacious backyard, fire-pit, attached 2-car garage, and plenty of room to enjoy the outdoors. Inside, you'll find convenient one-level living with 3 bedrooms, bathroom, eat in kitchen and living room. Of the kitchen is a three season sunroom with windows overlooking the spacious and private backyard. Attached mudroom with entry into the garage. The attached garage offers direct entry, storage above, and plenty of space for vehicles and gear. A partial unfinished basement provides additional storage including laundry space. While the level, open, well-landscaped lot gives you room to spread out. Many improvements including a new roof, new heating and cooling system, updated electrical and new leach field make this home truly turn key. Located in a rural setting with easy access to Hannaford, the Maine Turnpike, Crystal Lake, Maine Wildlife Park, schools, and nearby recreation. With public water, private septic, and no restrictions, this charming Gray home offers a wonderful combination of comfort, convenience, and opportunity.

204 Shaker Rd, Gray

Listing courtesy of Portside Real Estate Group.

$259,000

2 Beds ⋅ 1 Baths

Charming and move-in ready, this beautifully renovated two-bedroom, one bath condo offers easy, low-maintenance living. The updated interior features fresh finishes throughout, with a bright, functional layout. Step through the sliding glass door onto your own private patio, ideal for morning coffee or evening grilling. First-floor laundry adds everyday convenience. Affordable and effortless way to enjoy condo living. Conveniently located to I-95, commuters and all Gray has to offer.

18 Mill Brook Rd Unit A, Gray

Listing courtesy of Town & Shore Real Estate.

$180,000

3 Beds ⋅ 2 Baths

Showings start August 29, 2026. 2025 Commodore Blazer Series TS1004 16x76 mobile home located within Maplewood Park. Enjoy the convenient location near shopping, Route 26, and the Maine Turnpike. The Crystal Lake public beach is only 2 miles away! This property has been fitted with all upgraded finishes, cabinetry, en-suite bath, appliances, and a brand new deck on the back for outdoor enjoyment. *Showings on Saturdays, Sundays, and until 2pm on Mondays.

127 Shaker Road Unit 37, Gray

Listing courtesy of Locations Real Estate Group LLC.

Start Your Search

Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal,noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2026 Maine Real Estate Information System, Inc. All Rights Reserved.

This information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be intrested in purchasing.

Your privacy on the Internet is important to us. This Privacy Statement is to inform you that we will not provide your personal information to any third parties except as required by law or expressly authorized by you. We do not sell, trade, barter, or share information obtained from use of this site with any other businesses or people. All information gathered from a visitor to this web site is used solely by this office and/or its affiliated licensee(s). For additional information, please contact this office.