Rayville appreciation rates and housing market information

Rayville housing market information

With 4,350 people, 1,630 houses or apartments, and a median cost of homes of $85,269,

single-family detached homes are the single most common housing type in Rayville, accounting for 70.24% of the town's housing units. Other types of housing that are prevalent in Rayville include duplexes, homes converted to apartments, or other small apartment buildings (14.97%), large apartment complexes or high rise apartments (6.63%), mobile homes or trailers (4.54%), and a few row houses and other attached homes (3.62%).

The most prevalent building size and type in Rayville are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 50.86% owning, and 43.44% renting.

There is a lot of housing in Rayville built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Rayville built from 1940-1969 (41.90%). A lesser amount of the housing stock also hails from 1939 and earlier (10.37%), and some were built from 1995 and later (10.37%).

Rayville home appreciation rates

Rayville's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Rayville during the period has been just 6.19%, which is lower than % of US communities.

NeighborhoodScout's data show that during the latest twelve months, Rayville home appreciation rates, at 1.03%, have been at or slightly above the national average. In the latest quarter, Rayville's appreciation rate has been 0.28%, which annualizes to a rate of 1.12%.

Relative to Louisiana, our data show that Rayville's latest annual appreciation rate is higher than 52% of the other cities and towns in Louisiana.