Zip 48096 (Ray, MI) Housing

The housing market in 48096 Ray, MI is currently valued at $353,700, which is slightly above the US median house value of $338,100. House appreciation over the last year in 48096 Ray has been 7.58%, a slight decrease from the national average of 8.27%. This shows that although the market is growing in Ray, it might not be as quickly as other parts of the country. Regardless, this data suggests that house prices in 48096 Ray are still rising and may continue to do so in coming years.

The median home cost in Ray (zip 48096) is $353,700. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Ray (zip 48096) is up 10.8%.

Average Age of Homes

- The median age of Ray (zip 48096) real estate is 42 years old

The Rental Market in Ray (zip 48096)

- Renters make up 7.9% of the Ray (zip 48096) population
- 0.0% of houses and apartments in Ray (zip 48096), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Ray, Michigan	United States
	1,692.0	139,647,020.0
	46	42
	$353,700	$338,100
	10.8%	16.6%
	47.2%	57.0%
	116.4%	101.1%
	$15.96	$10.98
	$3,209	$2,690
	79.3%	57.4%
	4.7%	11.2%
	16.0%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	1.5%	0.4%
	0.0%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	0.4%	2.4%
	1.8%	2.8%
	0.0%	3.9%
	1.6%	4.5%
	9.7%	11.3%
	9.2%	13.0%
	21.4%	20.1%
	13.8%	13.6%
	22.4%	8.3%
	7.8%	9.7%
	6.1%	3.9%
	3.5%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	1.7%	0.2%
	11.8%	13.6%
	11.8%	13.6%
	20.7%	13.6%
	5.7%	13.2%
	13.3%	14.8%
	20.7%	13.6%
	12.0%	10.0%
	3.8%	4.7%
	21.6%	12.2%

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