Total monthly cost of ownership
Cost to Own a Home in Rayville, Louisiana
A $112,000 home here costs
$982per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $576. The real number is $406 higher every month — 71% more than the payment most buyers budget for.
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 $127 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
Common questions
How much does it cost to own a home in Rayville?
A $112,000 home in Rayville, Louisiana costs approximately $982 per month with 20% down at 6.66%. That is $576 principal and interest, $17 property tax, $101 homeowners insurance, $195 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 $982 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.