24 homes sold in Ray Township in the last year, at a typical $277K
Redfin reports Ray Township’s sales by ZIP code, so these figures are for ZIP 46166, which takes in Ray Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Ray Township homes are listed.
Every place Ray Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Ray Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Ray Township’s sales, at a typical $277K
24 homes sold in the year to May 2026.
typical sale · 24 sold in 12 months
- Per square foot
- $148IN $148
- Days to sell
- 66
- Sold over asking
- 13%
About as many homes sell as usual, at 3.1 times the 2016 price
24 sales in the last year, against 32 in 2022 and a low of 13 in 2012. The typical sale went from $88K in 2016 to $277K.
Source: Redfin Data Center, MLS sales; for ZIP 46166, which takes in Ray Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $300K buys in Ray Township
Check a listing against what Ray Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Owning the typical Ray Township home costs about $1,502 a month
Price: Ray Township’s typical sale, last 12 months. Property tax at Ray Township’s 0.3% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Ray Township is affordable on local pay is on Cost of living.
Five things worth knowing
Property tax, a year
Of a home’s value: the median bill over the median home value. On a $277K home, about $680 a year.
Taxes vs. neighborsSchools
The schools grade for Ray Township, from test results, graduation and how much students grow.
Schools in Ray TownshipTypical commute
The average one-way trip to work for people who live in Ray Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Cloverdale sells for less a square foot; Ellettsville for far more
The busier markets within 25 miles of Ray Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Ellettsville | 187 | $327K | $188 | 18% | 72 |
| Martinsville | 183 | $233K | $150 | 15% | 35 |
| Monrovia | 61 | $314K | $152 | 13% | 68 |
| Cloverdale | 34 | $211K | $139 | 24% | 54 |
| Brooklyn | 26 | $232K | $147 | 12% | 51 |
| Spencer | 24 | $185K | $152 | 4% | 51 |
| Ray Township (ZIP 46166) | 24 | $277K | $148 | 13% | 66 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Ray Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Ray Township. People who follow the town see it, and so do people comparing Ray Township with their own town. No commission, no listing fee.
Questions about buying a home in Ray Township
What do homes sell for in Ray Township, IN?
24 homes sold in the year to May 2026 at a typical $277K, $148 a square foot.
Is Ray Township a buyer’s or seller’s market?
A seller’s market: 2 homes were for sale in May 2026 and 1 sold, about 2 months of supply. Buyers paid 96.7% of asking on average.
How much are property taxes in Ray Township?
About 0.3% of a home’s value a year. On a $277K home that’s near $680.
Where can I see homes for sale in Ray Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Ray Township’s MLS listings; the search links above open each one filtered to Ray Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 46166, which takes in Ray Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).