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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 $258,370, lower than the North Dakota average of $273,535.
The average cost of rent is $1,079/mo in Ray, primarily driven by the current value of real estate in the Ray area. In Ray, 24.30% of households rent, and 53.91% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ray is $7,427 per month. Households that rent pay about 14.53% of their income on rent here. Ray’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wheelock, ND: higher priced homes
- Tioga, ND: less expensive homes
- Epping, ND: higher priced homes
- Springbrook, ND: higher priced homes
- White Earth, ND: higher priced homes
- Alamo, ND: less expensive homes
- Mcgregor, ND: less expensive homes
- Wildrose, ND: less expensive homes
- Corinth, ND: less expensive homes
- Williston, ND: higher priced homes
Cities with Similar Populations
- Audubon Park, NJ: less expensive homes
- Bancroft, NE: less expensive homes
- Phillipsville, PA: less expensive homes
- Nemo, TX: higher priced homes
- New Castle, NH: higher priced homes
- New Greenleaf, MI: less expensive homes
- Nimitz, WV: less expensive homes
- Nordland, WA: higher priced homes
- Northfield, KY: higher priced homes
- Nortonville, KS: less expensive homes
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