Ray City, GA 31645 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ray City, GA—31645

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$218,000

4.0% YoY Growth

Household Income

$71,400

122.7% YoY Growth

Days on Market

92

51.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$1,400

10.8% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,080

12.2% YoY Growth

Home Price Trends — Ray City, GA

Ray City, GA lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$218,000	4.0%
Single Family	$218,000	4.3%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Ray City, GA

As of July '25, Rentcast reports the average rent in Ray City, GA is $1,400, with a year-over-year rent change of -10.8%. Per bedroom, the median rent as of July '25 in Ray City, GA is 3-bedrooms: $1,290, 4-bedrooms: $1,750. The most common rental property sizes in Ray City, GA are 3-bedroom and 2-bedroom, accounting for 61.3% and 22.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,400
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,080	$1,290
4 Bed Rent	$1,500	$1,750

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% of Rental Stock

1 Bedroom

0.4%

2 Bedrooms

22.2%

3 Bedrooms

61.3%

4 Bedrooms

16.1%

Property Listings — Ray City, GA

As of Dec '25, Realtor.com reports that the median days on market for a home in Ray City, GA is 112. This is a increase of 53.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$247,000	2.0%
Listing Count	13	-23.0%
Listings as % of Homes	1.0%	-23.0%
Days on Market	92	51.0%

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Demographics — Ray City, GA

As of the latest ACS Survey released in 2023, Ray City, GA has a population of 4,970, which has decreased by -1.6% over the past 5 years. Ray City, GA is a popular place for families, as children make up 30.7% of the population. The area has a poorly educated workforce, with 14.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,970	-1.6%
% Under 18	30.7%	5.9%
% Seniors	13.3%	24.3%
% WFH	4.1%	192.9%
% w/ College Degree	14.7%	-2.0%

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As of the latest ACS Survey released in 2023, Ray City, GA is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 7.7% in the last 5 years. The second most common race or ethnicity in Ray City, GA is black, making up 10.6% of the population. Foreign-born residents account for 2.3% of the population in Ray City, GA, and this percentage has increased by 35.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	74.1%	-7.7%
% Black	10.6%	-19.1%
% Hispanic	9.6%	146.2%
% Asian	1.1%	450.0%
% Foreign Born	2.3%	35.3%

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Mortgage and Risk — Ray City, GA

According to HUD data as of 2023, there were 69 mortgage originations in Ray City, GA, of which 42.0% of loans were conventional mortgages. The average loan-to-value was 86.0%, with 58.0% above 90% LTV (very high). This implies large mortgage risk in Ray City, GA. Investor activity is low, as 12.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	69
% Conventional Loans	42.0%
% Government Loans	58.0%
% Investor Loans	12.0%
% Second Loans	0.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Ray City, GA

Ray City, GA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	17
Total Units Section 8	5
% Rentals under Section 8	1.1%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$820
2 Bedroom	N/A	N/A	$1,070
3 Bedroom	$380	$1,080	$1,460
4 Bedroom	$210	$1,500	$1,710

Ray City, GA—31645

Key Metrics at a Glance

Home Price Trends — Ray City, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ray City, GA

% of Rental Stock

Property Listings — Ray City, GA

Demographics — Ray City, GA

Race and Ethnicity

Mortgage and Risk — Ray City, GA

Mortgages

Rentals and Section 8 — Ray City, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ray City, GA

Home Price to Income Ratio

Ray City, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Moody A F B

Valdosta, GA

Nashville, GA

Hahira, GA

Naylor, GA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$218,000
Median Household Income	$71,400

Ray City, GA—31645

Key Metrics at a Glance

Home Price Trends — Ray City, GA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ray City, GA

% of Rental Stock

Property Listings — Ray City, GA

Demographics — Ray City, GA

Race and Ethnicity

Mortgage and Risk — Ray City, GA

Mortgages

Rentals and Section 8 — Ray City, GA

Section 8 Market Size

Section 8 Opportunity

Affordability — Ray City, GA

Home Price to Income Ratio

Ray City, GA — ZIP Code Boundary Map

Nearby ZIP Codes

Moody A F B

Valdosta, GA

Nashville, GA

Hahira, GA

Naylor, GA

Frequently Asked Questions

What is the average home price in Ray City, GA 31645?

How have home prices in Ray City, GA 31645 changed over the past year?

What is the home price projection for Ray City, GA 31645?

What are the demographics of Ray City, GA 31645?

How long does it take homes to sell in Ray City, GA 31645?

What is the average rent price in Ray City, GA 31645?