Ray City, GA—31645
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $221,000 | 6.2% |
4 Bed | $266,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ray City, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Ray City, GA is 81. This is a increase of 15.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | 0.0% |
Listing Count | 21 | 1.0% |
| Listings as % of Homes | 1.0% | 1.0% |
Days on Market | 81 | 15.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Ray City, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.6 |
| Median Home Price | $218,000 |
| Median Household Income | $71,400 |