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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 3,574 people, 1,402 houses or apartments, and a median cost of homes of $115,877, 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 66.39% 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 ( 19.76%), large apartment complexes or high rise apartments ( 9.94%), and a few mobile homes or trailers ( 3.46%).
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 ( 31.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.58%). There's also some housing in Rayville built before 1939 ( 7.87%).
Vacant housing appears to be an issue in Rayville. Fully 11.77% 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.
Appreciation rates for homes in Rayville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 28.32%, which ranks in the top 30% nationwide. This equates to an annual average Rayville house appreciation rate of 2.52%.
Appreciation rates are so strong in Rayville that despite a nationwide downturn in the housing market, Rayville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rayville appreciation rates continue to be some of the highest in America, at 9.03%, which is higher than appreciation rates in 96.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rayville. Rayville appreciation rates in the latest quarter were at 2.37%, which equates to an annual appreciation rate of 9.84%.
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 90% of the other cities and towns in Louisiana.
|$873,001 - $1,163,000||0.0|
|$582,001 - $873,000||0.0|
|$465,001 - $582,000||0.0|
|$349,001 - $465,000||3.9|
|$233,001 - $349,000||8.7|
|$116,001 - $233,000||28.5|
|$58,001 - $116,000||33.3|
|$0 - $58,000||25.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
2000 Q1 - 2019 Q2
|* 10 is highest|
|AGE OF Rayville HOMES|
|2000 or Newer||11.6|
|1970 - 1999||48.6|
|1940 - 1969||32.0|
|1939 or Older||7.9|
|TYPE OF Rayville HOMES|
|Small Apt. Buildings||19.8|
|SIZE OF Rayville HOMES|
|5 or more bedrooms||0.63|