The typical owner-occupied home in Rayne is worth about $156,500, 28% below the Louisiana median of $216,500 and 53% below the national median of $332,700. Owners pay a median $392 a year in property taxes, about 0.25% of their home's value, lower than the Louisiana rate of 0.55%. The median household earns $42,151 a year, so the median home costs 3.7 times the median income (3.6 times for Louisiana). 54% of occupied homes here are lived in by their owners, and 30% of those owners still have a mortgage.
Rayne at a glance
| Rayne | Louisiana | U.S. | |
|---|---|---|---|
| Median home value | $156,500 | $216,500 | $332,700 |
| Median property tax paid per year | $392 | $1,180 | $3,119 |
| Property tax as a share of value | 0.25% | 0.55% | 0.94% |
| Median household income | $42,151 | $60,756 | $80,734 |
| Homes lived in by their owners | 54% | 67% | 65% |
| Owner homes with a mortgage | 30% | 52% | 61% |
| Median monthly costs, owners with a mortgage | $1,311 | $1,604 | $1,963 |
| Those costs as a share of the owners' income | 19.7% | 20.4% | 21.0% |
| Median rent | $828 | $1,064 | $1,413 |
| Rent as a share of renters' income | 29.4% | 32.8% | 30.6% |
| Median year homes were built | 1975 | 1983 | 1980 |
| Vacant homes | 10.3% | 14.4% | 10.1% |
| Population | 7,105 | 4,611,961 | 334,922,499 |
What a typical home costs per month in Rayne
At this week's average 30-year rate of 7.11%, buying the median Rayne home of $156,500 with 20% down costs about $940 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,201, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $40,287 for the 20%-down payment. That payment is 27% of the median Rayne household income of $42,151; at that income and 20% down, the 28% guideline points to a home of about $164,000.
The median rent here is $828 a month, so owning the median home costs about $112 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $31,300 |
|---|---|
| Loan amount | $125,200 |
| Principal and interest | $842 |
| Property taxes (0.25% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $940 |
Change the numbers in the calculator
| Down payment | $5,478 |
|---|---|
| Loan amount | $153,665 |
| Principal and interest | $1,034 |
| Property taxes (0.25% a year) | $33 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,201 |
Change the numbers in the calculator
Questions about home buying in Rayne
What is the median home value in Rayne?
About $156,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Rayne?
Homeowners pay a median $392 a year, which is about 0.25% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Rayne?
For the median home with 20% down at 7.11%, the payment is about $940 a month. Keeping that under 28% of gross income takes about $40,287 a year.
More about Rayne
- Mortgage Refinance in Rayne
- Debt Relief in Rayne
- Home Equity Loans in Rayne
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data