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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rayville, LA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rayville, LA Housing Market Trends

With 3,261 people, 1,145 houses or apartments, and a median cost of homes of $115,836, house prices in Rayville are some of the most affordable in Louisiana as well as the nation.

Single-family detached homes are the single most common housing type in Rayville, accounting for 68.21% 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 ( 18.87%), row houses and other attached homes ( 7.05%), and a few large apartment complexes or high rise apartments ( 3.11%).

Renters dominate Rayville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Rayville built from 1970 to 1999 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 between 1940-1969 ( 38.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.62%). There's also some housing in Rayville built before 1939 ( 4.56%).

Vacant housing appears to be an issue in Rayville. Fully 20.87% of the housing stock is classified as vacant. Left unchecked, vacant Rayville homes and apartments can be a drag on the real estate market, holding Rayville 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.

Rayville Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Rayville, where house values have increased just 43.10%, which is annualized rate of 3.65%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Rayville appreciation rates have trailed the rest of the nation. In the last twelve months, Rayville's appreciation rate has been 3.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rayville were at 2.57%, which equates to an annual appreciation rate of 10.67%.

Importantly, this makes Rayville one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Louisiana, our data show that Rayville's latest annual appreciation rate is higher than 80% of the other cities and towns in Louisiana.

Average Home Values

Median Home Value

$115,836

Rayville, LA Home Prices
> $1,154,000
$866,001 - $1,154,000
$578,001 - $866,000
$462,001 - $578,000
$346,001 - $462,000
$231,001 - $346,000
$116,001 - $231,000
$58,001 - $116,000
$0 - $58,000
3.9%
3.9%
2.5%
2.5%
0.0%
0.0%
0.0%
0.0%
3.5%
3.5%
6.6%
6.6%
27.3%
27.3%
33.2%
33.2%
23.1%
23.1%
0% 100.0%
% of Homes
Very Low

for Louisiana

Very Low

for nation

Number of Homes And Apartments:

1,145

Rayville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,197 / per month

Homeownership Rate

Owners
Renters
26.8%
26.8%
73.2%
73.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
20.9%
20.9%
79.1%
79.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
15.6%
15.6%
41.6%
41.6%
38.2%
38.2%
4.6%
4.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.2%
68.2%
7.0%
7.0%
18.9%
18.9%
3.1%
3.1%
2.8%
2.8%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.5%
3.5%
18.5%
18.5%
15.2%
15.2%
49.7%
49.7%
13.1%
13.1%
0.0%
0.0%
0% 100.0%
% of Homes

Popular Neighborhoods in Rayville

Popular Communities Near Rayville, LA

Zip Codes in Rayville, LA