Ray, North Dakota is a small town located in Williams County, North Dakota. Here are some potential pros and cons of purchasing real estate in Ray, ND:

Pros:
- Affordability: Real estate prices in Ray, ND tend to be lower than in larger cities or more popular areas, so you may be able to find a great deal on a property.
- Peaceful country living: If you enjoy the peace and quiet of rural living, Ray, ND could be a great fit for you. The town has a small population and is surrounded by fields and farms.
- Oil boom potential: Williams County is located in the heart of North Dakota's oil country, which has the potential to bring in a lot of economic growth and job opportunities to the area.

Cons:
- Rural location: While some people enjoy the peace and quiet of rural living, others may not enjoy being far away from city amenities and entertainment.
- Extreme weather: North Dakota is known for having harsh winters, with cold temperatures and heavy snowfall. This could be a con if you're not used to the weather or don't enjoy winter sports like skiing or snowmobiling.
- Risk of oil boom bust: While the potential for economic growth from the oil industry is a pro, it's also important to consider the risk of a boom and bust cycle. If the oil industry were to decline in the area, it could negatively impact the local economy and housing market.

These are just a few potential points to consider when deciding whether to purchase real estate in Ray, ND. It's important to do your own research and visit the area to get a better sense of whether it would be a good fit for you.