Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Ray area can be challenging. Home prices in Ray are now at a median cost of $111,446, lower than the Illinois average of $300,242.
The average cost of rent is $1,182/mo in Ray, primarily driven by the current value of real estate in the Ray area. In Ray, 10.34% of households rent, and 57.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ray is $6,323 per month. Households that rent pay about 18.70% of their income on rent here. Ray’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Browning, IL: less expensive homes
- Vermont, IL: less expensive homes
- Rushville, IL: equally priced homes
- Astoria, IL: less expensive homes
- Littleton, IL: equally priced homes
- Frederick, IL: higher priced homes
- Industry, IL: less expensive homes
- Summum, IL: equally priced homes
- Sheldons Grove, IL: less expensive homes
- Table Grove, IL: less expensive homes
Cities with Similar Populations
- Paris, PA: higher priced homes
- Peoria, MO: higher priced homes
- Pedee, OR: higher priced homes
- Pearson, WI: higher priced homes
- Pearl City, TX: higher priced homes
- Patton, IL: higher priced homes
- Parral, OH: higher priced homes
- Parker Dam, CA: higher priced homes
- Park, KS: higher priced homes
- Perlee, IA: higher priced homes
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