Home Price Key
Affordable
Average
Expensive
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 $319,808, higher than the Michigan average of $196,062.
The average cost of rent is $984/mo in Ray, primarily driven by the current value of real estate in the Ray area. While nearly 44.95% of residents own their homes outright in Ray, 16.59% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ray is $9,334 per month. Households that rent pay about 10.55% of their income on rent here. Ray's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Washington, MI: higher priced homes
- Armada, MI: less expensive homes
- Macomb, MI: less expensive homes
- Romeo, MI: less expensive homes
- New Haven, MI: less expensive homes
- Utica, MI: less expensive homes
- New Baltimore, MI: less expensive homes
- Richmond, MI: less expensive homes
- Muttonville, MI: less expensive homes
- Berville, MI: less expensive homes
Cities with Similar Populations
- Cabot, PA: less expensive homes
- Brookwood, AL: less expensive homes
- Wintersville, OH: less expensive homes
- Windsor, MO: less expensive homes
- Willard, UT: equally priced homes
- White Sulphur Springs, WV: less expensive homes
- West Suffield, CT: equally priced homes
- West Friendship, MD: higher priced homes
- Wellston, OK: less expensive homes
- Versailles, IN: less expensive homes
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