Rayne, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Rayne Neighborhoods Since 2000




Rayne, LA Real Estate Data


Rayne Housing Market Information

With a population of 8,016, 3,173 total housing units (homes and apartments), and a median house value of $92,474, house prices in Rayne are solidly below the national average.

Single-family detached homes are the single most common housing type in Rayne, accounting for 75.31% of the city's housing units. Other types of housing that are prevalent in Rayne include mobile homes or trailers ( 10.68%), duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), and a few large apartment complexes or high rise apartments ( 4.30%).

The most prevalent building size and type in Rayne are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.99% owning and 43.01% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Rayne's housing was primarily built during this period, from the '40s through the '60s. A full 43.35% of the city's housing hails from this era. Other housing ages represented in Rayne include homes built between 1970-1999 ( 35.45%) and housing constructed between 2000 and later ( 11.13%). There's also some housing in Rayne built before 1939 ( 10.07%).

Vacant housing appears to be an issue in Rayne. Fully 11.49% of the housing stock is classified as vacant. Left unchecked, vacant Rayne homes and apartments can be a drag on the real estate market, holding Rayne real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Rayne Home Appreciation Rates

In the last 10 years, Rayne has experienced some of the highest home appreciation rates of any community in the nation. Rayne real estate appreciated 20.72% over the last ten years, which is an average annual home appreciation rate of 1.90%, putting Rayne in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rayne definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Rayne appreciation rates have trailed the rest of the nation. In the last twelve months, Rayne's appreciation rate has been 2.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rayne were at 0.74%, which equates to an annual appreciation rate of 3.00%.

Notably, Rayne's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Louisiana, our data show that Rayne's latest annual appreciation rate is lower than 70% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$92,474

Rayne, LA HOME PRICES

Value Range
> $1,047,000 0.0
$785,001 - $1,047,000 0.0
$524,001 - $785,000 0.4
$419,001 - $524,000 2.1
$314,001 - $419,000 2.8
$210,001 - $314,000 8.5
$105,001 - $210,000 32.6
$53,001 - $105,000 28.8
$0 - $53,000 24.7

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
83.761784856825 69.4444444444444

Number Of Homes And Apartments:
3,173

Rent & Ownership

 

Average Market Rent:
$745 / per month

Homeownership Rate

Homeownership
Owners 56.99
Renters 43.01
Vacant 11.49

Housing Market Details

 

Age of Homes

AGE OF Rayne HOMES
2000 or Newer 11.1
1970 - 1999 35.5
1940 - 1969 43.3
1939 or Older 10.1

Types of Homes

TYPE OF Rayne HOMES
Single-Family 75.3
Townhomes 1.6
Small Apt. Buildings 8.1
Apt. Complexes 4.3
Mobile Homes 10.7
Other 0.0

Home Size

SIZE OF Rayne HOMES
No Bedroom 0.00
1 Bedroom 8.48
2 Bedrooms 33.89
3 Bedrooms 47.50
4 Bedrooms 9.18
5 or more bedrooms 0.95

Rayne Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.08% 2.21% 2 5
* 10 is highest