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 $221,066, 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Raymond, where house values have increased just 42.04%, which is annualized rate of 3.57%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Raymond appreciation rates have trailed the rest of the nation. In the last twelve months, Raymond's appreciation rate has been 1.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Raymond were at 1.33%, which equates to an annual appreciation rate of 5.45%.
Relative to Mississippi, our data show that Raymond's latest annual appreciation rate is lower than 90% of the other cities and towns in Mississippi.
$221,066
for Mississippi
for nation
343
$1,657 / per month