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Rio

Learn about the people, housing, costs and businesses in Rio, Louisiana

Median Home$145,175
Median Rent$759/month
Population131
Leading IndustriesArts, Food & Hospitality · Healthcare · Education12% arts, food & hospitality
Home Value Growth⬆⬆+16.7% over 2 years
Retirees35% of residentstop 3% nationally
Homeowners72% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$145k median home · lower cost than 76% of the country
Rio
LA

Frequently Asked Questions

What are today's mortgage rates in Rio?

As of today, the 30-year fixed mortgage rate for Rio is approximately 6.872% (6.907% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Rio?

The median home value in Rio is $145k. The median monthly rent is $759. Annual property taxes average $511. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Rio?

Home values in Rio have increased 16.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Rio?

Based on a typical all-in ownership cost of $547/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Rio is $48k/year.

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What industries drive the economy in Rio?

The largest employment sectors in Rio are public administration (25%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.