The housing market in Ray, ND is an interesting one. The median value of a house is $165,000, much lower than the US median value of $338,100. Despite this, the appreciation rate of houses in Ray over the past year has been 9.41%, higher than the US average of 8.27%. This suggests that Ray is a good place to buy property, as it is still relatively affordable yet experiencing stronger growth in comparison to other locations.
The median home cost in Ray is $165,000. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Ray is up 10.5%.
Average Age of Homes
- The median age of Ray real estate is 47 years old
The Rental Market in Ray
- Renters make up 16.7% of the Ray population
- 2.1% 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.