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Land Foreclosures in Ray, MN

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Ray, MN Foreclosures

Current Market Conditions in in Ray, MN As of February 2026?
Over the past month, the real estate market in Ray has shown a slight increase in home sales, reflecting a positive trend as more buyers seek homes in rural areas. Inventory remains low, and prices have stabilized, creating a competitive market for quality homes.
How much do homes sell for in Ray, MN?
The average home price is currently $254,174.
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 $14,920.

Living in Ray, MN

Ray, Minnesota, is a small, close-knit community located in Beltrami County. With a population of just over 400 residents, it offers a peaceful rural lifestyle amidst picturesque landscapes. The town is surrounded by natural beauty, including forests and lakes, which appeal to outdoor enthusiasts looking for recreational activities year-round.

Buyer vs Seller Market in Ray, MN

The real estate market in Ray is stable, with steady demand for residential homes. The affordability of the housing and the appealing rural lifestyle attract families and retirees alike, contributing to a growing interest in local properties.

As more people look for housing options that provide peace and natural surroundings, Ray's real estate market is seeing promising growth, particularly in single-family homes that cater to those seeking a slower-paced life.

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 $188,130.00. 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 $254,174.00, 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 $14,920.00. 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 Land


Market Trend for Ray, MN

Total Listings Available: 0

Market Values:

Home Prices from $14,920 to $2,628,400

Average Sales Price: $254,174

Rental Values:

Rental from $660 to $2,600

Average Rent Value: $1,205 / month

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