menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Raymond, MS Real Estate Market

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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Raymond, MS Housing Market Trends

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 Home Appreciation Rates

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.

Average Home Values

Median Home Value

$276,704

Raymond, MS Home Prices
> $1,491,000
$1,118,001 - $1,491,000
$745,001 - $1,118,000
$596,001 - $745,000
$447,001 - $596,000
$298,001 - $447,000
$149,001 - $298,000
$74,001 - $149,000
$0 - $74,000
0.0%
0.0%
0.0%
0.0%
1.7%
1.7%
9.0%
9.0%
16.2%
16.2%
21.5%
21.5%
39.4%
39.4%
6.8%
6.8%
5.3%
5.3%
0% 100.0%
% of Homes
Very High

for Mississippi

Average

for nation

Number of Homes And Apartments:

343

Raymond Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,656 / per month

Homeownership Rate

Owners
Renters
20.4%
20.4%
79.6%
79.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
15.5%
15.5%
84.5%
84.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
3.7%
3.7%
43.8%
43.8%
39.9%
39.9%
12.6%
12.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
73.2%
73.2%
0.0%
0.0%
4.2%
4.2%
22.7%
22.7%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
17.0%
17.0%
25.4%
25.4%
44.3%
44.3%
11.3%
11.3%
1.2%
1.2%
0% 100.0%
% of Homes

Zip Codes in Raymond, MS