The housing market in Ray, MI is a strong and stable investment. The median housing value is $333,800 which is slightly lower than the US median of $338,100. Despite the slight difference in prices, the 1 year house appreciation rate over both locations are similarly strong at 8.27% in the US and 7.58% in Ray, MI. This suggests that purchasing a home in Ray, MI is a wise investment that will appreciate over time.
The median home cost in Ray is $333,800. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Ray is up 10.8%.
Average Age of Homes
- The median age of Ray real estate is 42 years old
The Rental Market in Ray
- Renters make up 7.9% 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.