Rayville LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Rayville, LA Real Estate Data

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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Rayville Housing Market Information

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.

Rayville Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$115,877

Rayville, LA HOME PRICES

Value Range
> $1,163,000 0.6
$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

Average for LA
Low for Nation

Value Relative to Nation Value Relative to State
74.4175182481752 54.6712802768166

Number Of Homes And Apartments:
1,402

Rayville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2019 Q2
70.46% 2.77%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$863 / per month

Homeownership Rate

Homeownership
Owners 31.09
Renters 68.91
Vacant 11.77

Housing Market Details

 

Age of Homes

AGE OF Rayville HOMES
2000 or Newer 11.6
1970 - 1999 48.6
1940 - 1969 32.0
1939 or Older 7.9

Types of Homes

TYPE OF Rayville HOMES
Single-Family 66.4
Townhomes 0.4
Small Apt. Buildings 19.8
Apt. Complexes 9.9
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Rayville HOMES
No Bedroom 4.09
1 Bedroom 10.95
2 Bedrooms 29.83
3 Bedrooms 47.07
4 Bedrooms 7.43
5 or more bedrooms 0.63

Popular Neighborhoods in Rayville

Zip Codes in Rayville, LA