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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,892, 343 total housing units (homes and apartments), and a median house value of $276,704, Raymond real estate is some of the most expensive in Mississippi, although Raymond home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Raymond, accounting for 73.15% of the city's housing units. Other types of housing that are prevalent in Raymond include large apartment complexes or high rise apartments ( 22.66%), duplexes, homes converted to apartments or other small apartment buildings ( 4.19%).
Renters dominate Raymond'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 Raymond 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 Raymond built between 1940-1969 ( 39.90%). A lesser amount of the housing stock also hails from before 1939 ( 12.56%). There's also some housing in Raymond built between 2000 and later ( 3.69%).
Vacant housing appears to be an issue in Raymond. Fully 15.52% of the housing stock is classified as vacant. Left unchecked, vacant Raymond homes and apartments can be a drag on the real estate market, holding Raymond 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.
Raymond's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Raymond during the period has been just 5.35%, which is lower than 70% of US communities.
Appreciation rates are so strong in Raymond that despite a nationwide downturn in the housing market, Raymond real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Raymond appreciation rates continue to be some of the highest in America, at 19.30%, which is higher than appreciation rates in 99.30% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Raymond. Raymond appreciation rates in the latest quarter were at 0.63%, which equates to an annual appreciation rate of 2.56%.
Relative to Mississippi, our data show that Raymond's latest annual appreciation rate is higher than 90% of the other cities and towns in Mississippi.
$276,704
for Mississippi
for nation
343
$1,656 / per month