Ray, ND—58849
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Ray, ND
As of Oct '25, the median home price in Ray, ND is $256,000, with a year-over-year change of -1.3%. This indicates that home prices in Ray, ND are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $256,000 | -1.3% |
| Single Family | $257,000 | 0.4% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Ray, ND
As of Oct '25, Realtor.com reports that the median days on market for a home in Ray, ND is 124. This is a increase of 74.0% 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 | $749,000 | 14.0% |
Listing Count | 3 | -27.0% |
| Listings as % of Homes | 1.2% | -27.0% |
Days on Market | 124 | 74.0% |
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% |
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% |
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 |
Loan Activity
No data available
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 |
Affordability — Ray, ND
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $256,000 |
| Median Household Income | $73,400 |