Real Estate Investing in Ray, North Dakota
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Should you buy in Ray, ND? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 23.1% of homes vacant — above national norms.
- Declining values: -1.7% 5-year CAGR — values have moved lower.
What’s happening in Ray, ND?
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Market Trends — Ray, ND
Home Value History
Investing in Ray Real Estate
Across Ray's 1 ZIPs, the picture is subdued: $267K median values, $936/mo rents, and a population that has faced real economic pressure.
firmly Ray's aggregate rating of ★★☆☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.
unambiguously Ray's sale market has not rewarded patience. a challenging fit for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.
A an established population with $N/AK household income profile is what makes Ray a challenging rental market — the tenant base is present, but the affordability math is tight.
Landlord Ground Truth
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ZIP Codes in Ray, ND
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View PlansFrequently Asked Questions About Ray, ND
How does Ray, ND rate as a rental market?
Ray, ND rates 2.0/5 for investability. With median values at $267K and rents near $936/mo, the market offers reasonable fundamentals for rental investors.
What is the typical renter like in Ray, ND?
Ray, ND offers a consistent renter base at the $936/mo rent level. Tenant turnover is reasonable for well-managed properties.
What is the typical rental rate in Ray, ND?
Investors in Ray, ND typically see rents near $936/mo per month against $267K home values - a solid setup for rental cash flow.
What are vacancy rates like in Ray, ND?
Vacancy in Ray, ND is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $936/mo.
What investment strategy works best in Ray, ND?
Most investors in Ray, ND run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
Community Ratings
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