Ray, ND Foreclosures
How much do homes sell for in Ray, ND?
The average home price is currently $213,312.
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 $1,372,500.
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 located amidst the natural beauty of the Bakken oil region. Known for its tight-knit community and family-friendly atmosphere, Ray offers various recreational activities and access to quality education. Residents enjoy a peaceful lifestyle close to nature with convenient access to larger cities for additional services and amenities.
Current Market Conditions in Ray, ND
The real estate market in Ray, ND, has recently shown signs of stability, with a steady demand for housing as the area continues to grow. Prices have remained relatively reasonable compared to larger urban centers, making it an attractive option for first-time buyers and investors looking for rental properties in this expanding region.
Due to the area's economic growth driven by the oil industry, Ray's housing market is beginning to experience slight appreciation, attracting more homebuyers and an influx of new residents seeking opportunities. This trend indicates a moderate increase in both home prices and the overall demand for real estate.
Home Value Estimator For Ray, ND
There are currently 485 real estate properties
in Ray, ND,
with a median automated valuation model (AVM) price
of $173,334.00. 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 $213,312.00, with the most expensive house
in Ray, ND, topping out
at $1,372,500.00 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
