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Wray

Learn about the people, housing, costs and businesses in Wray, Colorado

Median Home$245,000
Median Rent$849/month
Population2,156
Leading IndustriesConstruction · Agriculture & Mining · Wholesale Trade15% construction
Home Value Growth⬆⬆+16.3% over 2 years
Family-Friendly29% of residentswell above average
Homeowners69% of occupied units
Wray
CO

Frequently Asked Questions

What are today's mortgage rates in Wray?

As of today, the 30-year fixed mortgage rate for Wray is approximately 6.931% (6.968% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Wray?

The median home value in Wray is $245k. The median monthly rent is $849. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Wray?

Home values in Wray have increased 16.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Wray?

Based on a typical all-in ownership cost of $935/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Wray is $75k/year.

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What industries drive the economy in Wray?

The largest employment sectors in Wray are public administration (22%) and agriculture and mining (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.