Ray, MN Foreclosures
How much do homes sell for in Ray, MN?
The average home price is currently $281,015.
What’s the average rental cost in Ray, MN?
The average rental price in Ray is $1,207.
What is the most expensive home in Ray?
The most expensive home sold in Ray had a price of $2,633,000.
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 serene and friendly community characterized by its beautiful landscapes and tight-knit neighborhood feel. Residents enjoy access to outdoor activities, top-notch education, and local amenities that cater to their needs. It's an ideal location for those seeking a peaceful lifestyle.
Current Market Conditions in Ray, MN
The real estate market in Ray, MN is generally stable, with a mix of affordable homes and properties for families. Prices have shown a slight increase over the past several months, indicating growing interest in the area. Homebuyers are drawn to the community due to its offerings of natural beauty and outdoor recreational activities.
Over the past year, the market has seen steady demand, although fewer listings are available, which has led to increased competition among buyers. The demographics of incoming residents show a mix of young families and retirees, both looking for the quiet rural lifestyle that Ray offers.
Home Value Estimator For Ray, MN
There are currently 313 real estate properties
in Ray, MN,
with a median automated valuation model (AVM) price
of $203,340.00. 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 $281,015.00, with the most expensive house
in Ray, MN, topping out
at $2,633,000.00 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 $1,207.00. 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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