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Foreclosure Homes in Ray, MN

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Ray, MN Foreclosures

How much do homes sell for in Ray, MN?
The average home price is currently $251,254.
In Ray, MN, how many homes are available?
There are currently 276 active home listings available in Ray.
What’s the average rental cost in Ray, MN?
The average rental price in Ray is $1,207.
What is the most expensive home in Ray, Minnesota?
The most expensive home sold in Ray had a price of $2,650,000.
What is currently the cheapest priced home in Ray, MN?
The cheapest home for sale in Ray is priced at $14,331.

Home Value Estimator For Ray, MN

There are currently 276 real estate properties in Ray, MN, with a median automated valuation model (AVM) price of $175,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ray, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Ray, MN, is $251,254.00, with the most expensive house in Ray, MN, topping out at $2,650,000.00 and the cheapest home in Ray, MN, clocking in at $14,331.00. In other words, there’s something for every potential homebuyer or savvy investor in Ray, MN!


Rent Prices In Ray, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ray, MN, is on a rollercoaster ride. The average rent price in Ray, MN, is $1,207.00. Indeed, when looking to rent in Ray, MN, you can expect to pay as little as $660.00 or as much as $2,600.00, with the average rent median estimated to be $1,190.00. The good news is that finding an affordable and desirable property to rent in Ray, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Ray, MN In 2024

All of the best foreclosed homes for sale in Ray are located in the following zip code areas on Foreclosure.com: 56669. The estimated population per square kilometer (.62 miles) in Ray is 4.8.


Diversity And Demographics In Ray, Minnesota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Ray, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

Looking for family-friendly neighborhoods in and/or near Ray? Or maybe you are searching for 55+ active adult communities in and/or near Ray?


Best Schools In Ray, Minnesota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Ray with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Ray.


Pros And Cons Of Living In Ray, Minnesota

How do you know that living in -- or moving to -- Ray is right where you need to be? Perhaps you grew up in Ray or already live nearby; therefore, the decision to buy a home in Ray is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Ray for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Ray:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Ray.


Reasons To Move To Ray, Minnesota, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Ray can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Ray, meanwhile, can field multiple offers from more qualified buyers.

Ray, MN Foreclosures


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