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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Rayville Housing Market Information

With 3,514 people, 1,388 houses or apartments, and a median cost of homes of $95,154, 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 71.22% 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 ( 18.46%), large apartment complexes or high rise apartments ( 7.35%), and a few mobile homes or trailers ( 2.98%).

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 ( 33.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.24%). There's also some housing in Rayville built before 1939 ( 6.01%).

Vacant housing appears to be an issue in Rayville. Fully 15.73% 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

Real estate appreciation rates in Rayville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.08% during the period.

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 3.34%, 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 0.93%, which equates to an annual appreciation rate of 3.76%.

Relative to Louisiana, our data show that Rayville's latest annual appreciation rate is higher than 50% of the other cities and towns in Louisiana.

Average Home Values

 

Median Home Value:
$95,154

Rayville, LA HOME PRICES

Value Range
> $1,276,000 0.9
$957,001 - $1,276,000 0.0
$638,001 - $957,000 0.0
$511,001 - $638,000 0.0
$383,001 - $511,000 0.9
$255,001 - $383,000 7.1
$128,001 - $255,000 26.6
$64,001 - $128,000 32.3
$0 - $64,000 32.2

Low for LA
Very Low for Nation

Value Relative to Nation Value Relative to State
87.0948905109489 76.8166089965398

Number Of Homes And Apartments:
1,388

Rayville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
LA*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
58.08% 2.32%
3
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,011 / per month

Homeownership Rate

Homeownership
Owners 31.90
Renters 68.10
Vacant 15.73

Housing Market Details

 

Age of Homes

AGE OF Rayville HOMES
2000 or Newer 13.2
1970 - 1999 47.1
1940 - 1969 33.6
1939 or Older 6.0

Types of Homes

TYPE OF Rayville HOMES
Single-Family 71.2
Townhomes 0.0
Small Apt. Buildings 18.5
Apt. Complexes 7.3
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Rayville HOMES
No Bedroom 6.56
1 Bedroom 9.11
2 Bedrooms 25.93
3 Bedrooms 48.33
4 Bedrooms 9.35
5 or more bedrooms 0.73

Popular Neighborhoods in Rayville

Zip Codes in Rayville, LA