Rayville, LA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Rayville Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Rayville Housing Market Information

With 3,664 people, 1,389 houses or apartments, and a median cost of homes of $88,065, 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 65.69% 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 ( 20.44%), large apartment complexes or high rise apartments ( 11.22%), and a few mobile homes or trailers ( 2.07%).

The most prevalent building size and type in Rayville are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 39.86% owning and 60.14% renting.

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 ( 35.38%). A lesser amount of the housing stock also hails from before 1939 ( 8.58%). There's also some housing in Rayville built between 2000 and later ( 6.72%).

Rayville Home Appreciation Rates

In the last 10 years, Rayville has experienced some of the highest home appreciation rates of any community in the nation. Rayville real estate appreciated 27.92% over the last ten years, which is an average annual home appreciation rate of 2.49%, putting Rayville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Rayville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 6.65%, which is higher than appreciation rates in 78.90% 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 -0.90%, which equates to an annual appreciation rate of -3.57%.

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 higher than 90% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$88,065

Rayville, LA HOME PRICES

Value Range
> $1,153,000 0.4
$865,001 - $1,153,000 0.0
$576,001 - $865,000 0.0
$461,001 - $576,000 0.0
$346,001 - $461,000 5.9
$231,001 - $346,000 11.0
$115,001 - $231,000 16.9
$58,001 - $115,000 39.7
$0 - $58,000 26.0

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
85.4095863119653 75.2613240418118

Number Of Homes And Apartments:
1,389

Rayville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
67.58% 3.04% 7 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$622 / per month

Homeownership Rate

Homeownership
Owners 39.86
Renters 60.14
Vacant 0.71

Housing Market Details

 

Age of Homes

AGE OF Rayville HOMES
2000 or Newer 6.7
1970 - 1999 49.3
1940 - 1969 35.4
1939 or Older 8.6

Types of Homes

TYPE OF Rayville HOMES
Single-Family 65.7
Townhomes 0.6
Small Apt. Buildings 20.4
Apt. Complexes 11.2
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Rayville HOMES
No Bedroom 1.43
1 Bedroom 15.73
2 Bedrooms 30.16
3 Bedrooms 48.03
4 Bedrooms 4.65
5 or more bedrooms 0.00

Popular Neighborhoods in Rayville

Zip Codes in Rayville, LA