Ray, ND 58849 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Ray, ND—58849

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$267,000

7.0% YoY Growth

Household Income

$73,400

2.8% YoY Growth

Days on Market

56.0% Shorter YoY

Home Price Forecast

-1.3%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Ray, ND

As of May '26, the median home price in Ray, ND is $267,000, with a year-over-year change of 7.0%. This indicates that home prices in Ray, ND are increasing. According to Zillow, the 1-year price projection is -1.3%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$267,000	7.0%
Single Family	$268,000	8.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Ray, ND

Ray, ND lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

8.5%

1 Bedroom

2.8%

2 Bedrooms

9.9%

3 Bedrooms

75.2%

4 Bedrooms

2.8%

5+ Bedrooms

0.7%

Property Listings — Ray, ND

As of May '26, Realtor.com reports that the median days on market for a home in Ray, ND is 30. This is a decrease of -56.0% from last year, suggesting that homes are sitting on the market shorter 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	$950,000	41.0%
Listing Count	2	-45.0%
Listings as % of Homes	1.2%	-45.0%
Days on Market	30	-56.0%

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Demographics — Ray, ND

As of the latest ACS Survey released in 2023, Ray, ND has a population of 1,120, which has increased by 41.6% over the past 5 years. Ray, ND is a popular place for families, as children make up 27.5% of the population. The area has a poorly educated workforce, with 15.6% 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	1,120	41.6%
% Under 18	27.5%	4.6%
% Seniors	30.7%	68.7%
% WFH	4.1%	-45.3%
% w/ College Degree	15.6%	-13.8%

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As of the latest ACS Survey released in 2023, Ray, ND is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Ray, ND is black, making up 0.6% of the population. Foreign-born residents account for 0.3% of the population in Ray, ND, and this percentage has decreased by 78.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.2%	-7.2%
% Black	0.6%	∞%
% Hispanic	0.0%	-100.0%
% Asian	0.0%	N/A
% Foreign Born	0.3%	-78.6%

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Mortgage and Risk — Ray, ND

Ray, ND lacks sufficient mortgage origination data for analysis.

Mortgages

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

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Rentals and Section 8 — Ray, ND

Ray, ND lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

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

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$910
2 Bedroom	N/A	N/A	$1,030
3 Bedroom	N/A	N/A	$1,450
4 Bedroom	N/A	N/A	$1,740

Ray, ND—58849

Key Metrics at a Glance

Home Price Trends — Ray, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ray, ND

% of Rental Stock

Property Listings — Ray, ND

Demographics — Ray, ND

Race and Ethnicity

Mortgage and Risk — Ray, ND

Mortgages

Rentals and Section 8 — Ray, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Ray, ND

Home Price to Income Ratio

Ray, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Tioga, ND

Epping, ND

Wildrose, ND

McGregor, ND

Williston, ND

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.8
Median Home Price	$267,000
Median Household Income	$73,400

Ray, ND—58849

Key Metrics at a Glance

Home Price Trends — Ray, ND

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Ray, ND

% of Rental Stock

Property Listings — Ray, ND

Demographics — Ray, ND

Race and Ethnicity

Mortgage and Risk — Ray, ND

Mortgages

Rentals and Section 8 — Ray, ND

Section 8 Market Size

Section 8 Opportunity

Affordability — Ray, ND

Home Price to Income Ratio

Ray, ND — ZIP Code Boundary Map

Nearby ZIP Codes

Tioga, ND

Epping, ND

Wildrose, ND

McGregor, ND

Williston, ND

Frequently Asked Questions

What is the average home price in Ray, ND 58849?

How have home prices in Ray, ND 58849 changed over the past year?

What is the home price projection for Ray, ND 58849?

What are the demographics of Ray, ND 58849?

How long does it take homes to sell in Ray, ND 58849?

What is the average rent price in Ray, ND 58849?