Ray, ND Foreclosures
How much do homes sell for in Ray, ND?
The average home price is currently $241,327.
In Ray, ND, how many homes are available?
There are currently 23 active home listings available in Ray.
What’s the average rental cost in Ray, ND?
The average rental price in Ray is $1,205.
What is the most expensive home in Ray?
The most expensive home sold in Ray had a price of $3,498,740.
What is currently the cheapest priced home in Ray, ND?
The cheapest home for sale in Ray is priced at $12,422.
Living in Ray, ND
Ray, ND is a charming small town known for its rural setting and sense of community. With access to outdoor activities and a peaceful lifestyle, it provides the perfect retreat for those looking away from urban life. Growth from local industries has made it an appealing place for families and individuals alike.
Current Market Conditions in Ray, ND
The real estate market in Ray, ND has seen a steady increase in recent years, primarily due to economic growth from the surrounding oil industry. Homes that were once priced modestly have seen appreciation, reflecting an increase in demand as more individuals and families relocate to the area for work opportunities.
Despite the rise in prices, Ray still remains affordable compared to larger cities in the region. With a blend of new construction and historical homes, there are diverse options for prospective buyers.
Current listings show a mix of traditional homes and newer developments, catering to different preferences and budgets.
Home Value Estimator For Ray, ND
There are currently 565 real estate properties
in Ray, ND,
with a median automated valuation model (AVM) price
of $189,957.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Ray, ND, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Ray, ND,
is $241,327.00, with the most expensive house
in Ray, ND, topping out
at $3,498,740.00 and the cheapest home
in Ray, ND,
clocking in at $12,422.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Ray, ND!
Rent Prices
In Ray, ND
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Ray, ND, is on
a rollercoaster ride. The
average rent price in Ray, ND,
is $1,205.00. Indeed, when looking to rent in
Ray, ND, you can expect to pay as little
as $730.00 or as much
as $1,920.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Ray, ND
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
