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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 3,347 people, 1,336 houses or apartments, and a median cost of homes of $117,246, house prices in Rayville are solidly below the national average.

Single-family detached homes are the single most common housing type in Rayville, accounting for 69.75% 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 ( 14.83%), row houses and other attached homes ( 11.57%), and a few large apartment complexes or high rise apartments ( 2.25%).

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

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. Rayville's housing was primarily built during this period, from the '40s through the '60s. A full 41.58% of the town's housing hails from this era. Other housing ages represented in Rayville include homes built between 1970-1999 ( 39.21%) and housing constructed between 2000 and later ( 17.20%). There's also some housing in Rayville built before 1939 ( 2.02%).

Vacant housing appears to be an issue in Rayville. Fully 20.76% 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

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 3.05%, which is lower than 80% of US communities.

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 8.79%, 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 3.25%, which equates to an annual appreciation rate of 13.66%.

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

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

Average Home Values

 

Median Home Value:
$117,246

Rayville, LA HOME PRICES

> $1,194,000
$895,001 - $1,194,000
$597,001 - $895,000
$477,001 - $597,000
$358,001 - $477,000
$239,001 - $358,000
$119,001 - $239,000
$60,001 - $119,000
$0 - $60,000
5.5%
5.5%
1.8%
1.8%
0.0%
0.0%
0.0%
0.0%
1.8%
1.8%
11.2%
11.2%
22.3%
22.3%
35.4%
35.4%
21.9%
21.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very Low for Nation

Low for LA

Value Relative To Nation

Number Of Homes And Apartments:
1,336

Rayville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2021 Q3 - 2021 Q4
Last 12 Months:
2020 Q4 - 2021 Q4
Last 2 Years:
2019 Q4 - 2021 Q4
Last 5 Years:
2016 Q4 - 2021 Q4
Last 10 Years:
2011 Q4 - 2021 Q4
Since 2000:
2000 Q1 - 2021 Q4
82.75% 2.78%
4
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$958 / per month

Homeownership Rate

Owners
Renters
Vacant
30.2%
30.2%
69.8%
69.8%
20.8%
20.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.2%
17.2%
39.2%
39.2%
41.6%
41.6%
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.8%
69.8%
11.6%
11.6%
14.8%
14.8%
2.3%
2.3%
1.6%
1.6%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
18.6%
18.6%
11.4%
11.4%
47.1%
47.1%
17.7%
17.7%
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Rayville

Popular Communities Near Rayville, LA

Zip Codes in Rayville, LA