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 $174,235, lower than the Minnesota average of $269,934.
The average cost of rent is $711/mo in Ray, primarily driven by the current value of real estate in the Ray area. While nearly 59.08% of residents own their homes outright in Ray, 14.38% rent.
Housing affordability isn’t just about home prices, though. The average household income in Ray is $5,168 per month. Households that rent pay about 13.75% of their income on rent here. Ray's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Ericsburg, MN: less expensive homes
- Island View, MN: higher priced homes
- Ranier, MN: equally priced homes
- Jameson, MN: less expensive homes
- International Falls, MN: equally priced homes
- Pelland, MN: less expensive homes
- Littlefork, MN: less expensive homes
- Nett Lake, MN: equally priced homes
- Orr, MN: equally priced homes
- Silverdale, MN: higher priced homes
Cities with Similar Populations
- Piney Grove, NC: less expensive homes
- Ordway, SD: higher priced homes
- Orient, IL: less expensive homes
- Ortley, SD: less expensive homes
- Parker School, MT: less expensive homes
- Parthenon, AR: less expensive homes
- Peckham, CO: higher priced homes
- Pemberton, VA: higher priced homes
- Perrytown, AR: less expensive homes
- Petersburg, IA: less expensive homes
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