Ray, MN Foreclosures
How much do homes sell for in Ray, MN?
The average home price is currently $258,080.
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 $2,650,000.
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, MN is a small, friendly community nestled in the heart of northern Minnesota, offering a peaceful rural lifestyle with plenty of natural beauty. The town is characterized by its local amenities, outdoor activities, and friendly residents, making it an inviting place to call home. With nearby parks, lakes, and recreational opportunities, Ray is perfect for those seeking adventure and a tight-knit community.
Current Market Conditions in Ray, MN
The real estate market in Ray, MN has been stable, with modest increases in home prices over the past few months. The demand for homes has seen a slight uptick, attributed to remote workers seeking picturesque rural living away from city life.
Properties in Ray are generally affordable, which attracts first-time homebuyers and those looking to retire in a serene environment. Though inventory is limited, the market trends indicate a balanced approach, providing opportunities for both buyers and sellers.
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 $193,409.00. 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 $258,080.00, with the most expensive house
in Ray, MN, topping out
at $2,650,000.00 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.
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