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Foreclosure Homes in Ray, MN

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Ray, MN Foreclosures

Current Market Conditions in in Ray, MN As of March 2026?
Over the past month, the real estate market in Ray has shown signs of increased activity, with several homes going under contract quickly. The demand remains strong due to a combination of attractive prices and the area's growing reputation as a desirable place to live. Inventory levels have slightly improved, offering potential buyers more options, yet homes are still selling at a healthy pace.
How much do homes sell for in Ray, MN?
The average home price is currently $257,609.
What’s the average rental cost in Ray, MN?
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 $2,628,400.
What is currently the cheapest priced home in Ray, MN?
The cheapest home for sale in Ray is priced at $19,424.

Living in Ray, MN

Ray, Minnesota, is a charming small town offering a peaceful lifestyle amidst nature's beauty. With access to outdoor activities and a supportive community, it’s perfect for families and retirees alike. Ray's close proximity to larger towns ensures residents have access to additional amenities while still enjoying the tranquility of small-town living.

Buyer vs Seller Market in Ray, MN

The real estate market in Ray, MN, remains steady with a mix of affordable housing options and some higher-end listings. The demand for homes has been consistent, driven by families seeking a quieter life amidst the natural beauty of the area. Many buyers are drawn to Ray for its charm and low property prices compared to larger urban areas.

Home Value Estimator For Ray, MN

There are currently 380 real estate properties in Ray, MN, with a median automated valuation model (AVM) price of $189,322.00. 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, MN, 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, MN, is $257,609.00, with the most expensive house in Ray, MN, topping out at $2,628,400.00 and the cheapest home in Ray, MN, clocking in at $19,424.00. In other words, there’s something for every potential homebuyer or savvy investor in Ray, MN!

Rent Prices In Ray, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ray, MN, is on a rollercoaster ride. The average rent price in Ray, MN, is $1,205.00. Indeed, when looking to rent in Ray, MN, you can expect to pay as little as $660.00 or as much as $2,600.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Ray, MN -- 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.

Ray, MN Foreclosures


Market Trend for Ray, MN

Total Listings Available: 0

Market Values:

Home Prices from $19,424 to $2,628,400

Average Sales Price: $257,609

Rental Values:

Rental from $660 to $2,600

Average Rent Value: $1,205 / month

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