Total monthly cost of ownership
Cost to Own a Home in Rayville, Louisiana
A $112,000 home here costs
$1,044per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $45,000 a year.
A standard mortgage calculator would have told you $611. The real number is $434 higher every month, 71% more than the payment most buyers budget for.
Compare Richland Parish with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Rayville from a five-year rolling sample, and with about 3,297 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Richland Parish figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Rayville against Richland Parish and Louisiana
| Measure | Rayville | Richland Parish |
|---|---|---|
| Median home value | $111,600 | $124,500 |
| Median property tax | $199 | $438 |
| Effective tax rate | 0.178% | 0.352% |
| Median gross rent | $731 | $836 |
| Population | 3,297 | 19,908 |
The weather behind that power bill
Rayville sits in Richland Parish, which averages a high of 93.6°F in its hottest month and a low of 38.0°F in its coldest, with 60" of precipitation a year and 29% of it in a single three-month stretch. That climate drives 2,675 cooling and 2,060 heating degree days, which is what sets the $155 electricity line above.
See the full climate breakdown for Richland Parish , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Richland Parish
No other places of this size are published in Richland Parish.
Full Richland Parish cost breakdown · Every county in Louisiana
Talk to someone who works this market
These are Rayville averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Rayville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Rayville I already own here and may sell
Common questions
How much does it cost to own a home in Rayville?
A $112,000 home in Rayville, Louisiana costs approximately $1,044 per month with 20% down at 7.24%. That is $611 principal and interest, $17 property tax, $101 homeowners insurance, $223 utilities and $93 set aside for maintenance.
What is the property tax rate in Rayville?
Rayville has an effective property tax rate of 0.178%, based on a median home value of $111,600 and median real estate taxes of $199. That is lower than the Richland Parish average of 0.352%.
What is the average home price in Rayville?
The median owner-occupied home value in Rayville, Louisiana is $111,600, against $124,500 across Richland Parish.
Is it cheaper to rent or buy in Rayville?
Median gross rent in Rayville is $731 a month, against $1,044 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Rayville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Rayville, Louisiana at today's rate takes a household income of roughly $45,000 a year. That covers the full $1,044 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Rayville, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Louisiana.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.