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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Ray, ND Housing Affordability Index

Ray, North Dakota has an MBR Housing Affordability Index score of 115.1 (More Affordable Than Average) as of October 30, 2026, ranking 247th most affordable of 274 scored North Dakota cities, compared with 114.2 statewide and 97.4 nationally. On a median-priced $227,600 home with 20% down, the North Dakota average 30-year fixed rate of 7.28% means a monthly principal and interest payment of about $1,246, or 21% of the city’s $72,031 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Ray is updated every night from live North Dakota mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Ray MBR-HAI 115.1 More Affordable Than Average
Rank in North Dakota 247 of 274 1 = most affordable
North Dakota 114.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.28% North Dakota lenders
Median home value $227,600 U.S. Census Bureau

Ray is 0.9 points above the North Dakota score. Scores as of October 30, 2026. See the North Dakota index

View Ray Mortgage Rates

What It Takes to Buy in Ray

$1,246/mo
Principal & Interest
Median home, 20% down, 7.28%
$53,400
Income Needed
To keep the payment at 28% of income
$72,031
Median Household Income
North Dakota: $76,657
3.2x
Price-to-Income Ratio
North Dakota: 3.3x
$1,219/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,159/yr
Median Property Tax
0.95% of median value
13.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Ray, North Dakota. The rate is the North Dakota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Ray Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Ray, North Dakota score: 115.1 (More Affordable Than Average), ranked 247 of 274 North Dakota cities. monitorbankrates.com/housing-affordability-index/north-dakota/ray”