Ray, AL is an area with a thriving real estate market. The median value of housing in Ray is $171,000, which is significantly lower than the US median housing value of $338,100. However, over the past year, there has been a sharp appreciation in Ray's housing prices at 13.55%, compared to the US median appreciation of 8.27%. This indicates that Ray may be a great place to invest in real estate and shows that the housing market in this area is strong and continues to grow.
The median home cost in Ray is $171,000. Home appreciation the last 10 years has been 77.2%. Home Appreciation in Ray is up 19.7%.
Average Age of Homes
- The median age of Ray real estate is 51 years old
The Rental Market in Ray
- Renters make up 8.2% of the Ray population
- 0.0% of houses and apartments in Ray, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.