The housing market in Rayne, LA is doing well compared to the national average. The median value of a house in Rayne is $133,700, which is significantly lower than the US median house value of $338,100. Although the median house value in Rayne is lower than the national average, it still appreciates at a rate of 9.19% over the last year which is higher than the US appreciation rate of 8.27%. This shows that the housing market in Rayne, LA is doing relatively well compared to other areas.
The median home cost in Rayne is $133,700. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Rayne is up 12.5%.
Average Age of Homes
- The median age of Rayne real estate is 47 years old
The Rental Market in Rayne
- Renters make up 37.2% of the Rayne population
- 1.7% of houses and apartments in Rayne, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.