Louisiana Real Estate and Livability Trends
Louisiana's real estate market reveals potential opportunities and risks for investors. From 2015 to 2022, median home values surged from $144,100.00 to $198,300.00, outpacing national trends and suggesting a robust market. However, this is coupled with a steady rise in real estate taxes, influencing property investment strategies. Energy tax credits saw significant fluctuations, peaking at... Read more
Louisiana Market Trends
Louisiana's median home values have increased from $144,100 in 2015 to $198,300 in 2022, outpacing national trends. This could suggest a robust housing market with good long-term investment potential. The state has seen substantial fluctuations in average residential energy tax credits, peaking at $1,860.18 in 2018, hinting at varying energy policies and adoption rates. Average real estate taxes... Read more
Median Value of Occupied Housing Units in Louisiana Over the Last 8 Years
Median home values in Louisiana have shown a steady upward trend over the last eight years, rising from $144,100 in 2015 to $198,300 in 2022. Interestingly, Louisiana's growth appears to be ahead of the national trend, where median values increased from $125,500 to $179,400 over the same period. This relatively strong performance in Louisiana could indicate a more robust housing market, especially for investors looking at long-term gains. Residents and potential homebuyers might find this appealing, given the comparative affordability and growth potential.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Louisiana over the last 10 years
Active Loans 30-60 Days Past Due in Louisiana over the last 10 years in Louisiana
Perent of loans that are Active Loans 90-180 Days Past Due in Louisiana over the last 10 years in Louisiana
Residential Energy Tax Credit Per Tax Return in Louisiana Over the Last 9 Years
Louisiana's average residential energy tax credit per tax return has seen substantial fluctuations over the last nine years. Notably, it peaked in 2018 at $1860.18 and hit a lower but still significant amount in 2015 at $1207.10, reflecting potential variances in energy policy incentives and adoption rates of residential energy improvements. The data suggests that there may be occasional surges in tax credits, making it an interesting location for investors and builders focusing on energy-efficient homes and technologies. For real estate agents and insurance agents, understanding these trends can provide insights into the property values and potential savings for homeowners investing in energy-efficient solutions.
Average Real Estate Taxes Per Tax Return in Louisiana Over the Last 10 Years
Over the past decade, Louisiana has experienced a steady increase in average real estate taxes per tax return, with an especially sharp rise starting in 2016. For those looking to invest or move, this upward trend may hint at growing property values but also higher tax liabilities. Appraisers and real estate agents should consider these rising taxes as a factor in property valuations and sales strategies, while insurance agents and current residents might see this as a signal of evolving community investments or changes in municipal service funding. This data could be crucial for anyone building property, as higher taxes might affect budget planning and overall cost assessments.
Percentage of Farm Returns in Louisiana Over the Last 10 Years
Over the last decade, the percentage of farm tax returns filed in Louisiana has seen minor fluctuations, ranging around 1.45% to 1.50%. There was a slight peak in 2016 at approximately 1.51%, but this figure dropped to about 1.38% in 2020. These modest variations could be indicative of economic changes, agricultural policy shifts, or climate impacts affecting farmers' incomes. For those considering investment in agricultural lands or businesses, these trends could serve as a subtle economic barometer for the state's farming sector.
Economic Outlook
Louisiana's real estate market is witnessing interesting economic trends. The average taxable income per tax return has generally risen over the past nine years, reaching about $70,960.70 in 2021, up from $55,750.54 in 2013. Concurrently, state and local income taxes per tax return have also increased significantly, from $5,275.97 in 2012 to $11,401.96 in 2021, which might point towards changing economic conditions or policy shifts. Total tax liability has seen fluctuations, with a recent spike... Read more
Average Taxable Income per Tax Return in Louisiana over the last 9 years
The average taxable income per tax return in Louisiana has shown a generally upward trend over the past nine years, with occasional fluctuations. Investment in this region appears promising as the most recent data from 2021 indicates an average taxable income of approximately $70,960.70, a significant rise compared to 2013’s $55,750.54. Such trends might suggest increasing economic prosperity, appealing to potential investors, appraisers, and real estate agents. Furthermore, those considering moving to or doing business in Louisiana may view this growth as a positive economic indicator.
Average State and Local Income Taxes Per Tax Return in Louisiana Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Louisiana have seen a noticeable increase, jumping from $5,275.97 in 2012 to $11,401.96 in 2021. This sharp rise, particularly significant after 2017, may suggest changing economic conditions or policy adjustments that could impact taxpayers. For potential investors, homeowners, or those planning to move to Louisiana, understanding this trend is crucial for financial planning and anticipating future tax obligations.
Average Total Tax Liability Per Tax Return in Louisiana Over the Last 10 Years
Over the last decade, average total tax liability per tax return in Louisiana has shown some fluctuations, with a marked increase in 2021, reaching $12,962.35. This recent spike could possibly indicate economic and policy shifts affecting taxpayers. Before this rise, figures mostly hovered between $10,000 and $11,200, with a slight dip in 2020 to $10,303.33. Such trends might be crucial for appraisers, real estate agents, or those planning to move or invest, hinting at changing fiscal dynamics in the state.
Cost of Living in Louisiana
Safety trends & Data
Louisiana has experienced a steady decline in property crime arrests over the past five years. Fraud incidents, which peaked at 25,290.00 arrests in 2018, have notably decreased to 13,760.00 arrests by 2022. Larceny-Theft and Vandalism also show a downward trend, while Motor Vehicle Theft and Embezzlement remain relatively stable at lower numbers. This could provide investors, real estate agents, and insurance professionals with useful insights for risk assessment and strategic... Read more
Property Crime Trends in Louisiana Over the Last 5 Years
Louisiana has seen a general downward trend in property crime arrests over the past five years. Fraud consistently registers the highest number of incidents, peaking at 25,290.00 arrests in 2018 and decreasing to 13,760.00 arrests by 2022. Notably, Larceny-Theft and Vandalism are also prevalent but show a downward trajectory. Motor Vehicle Theft and Embezzlement have the lowest figures amongst property crimes, showing a relatively stable trend. This information could be valuable for investors, real estate agents, and insurance agents to assess the risk and plan accordingly in Louisiana.
Demographics
Louisiana shows a relatively balanced gender distribution, with a slight majority of females over males. The educational attainment data indicates that high school graduates and individuals with some college education form the largest segments, suggesting a significant portion of the population might consider further education to enhance their qualifications. The age distribution reveals a substantial number of residents in the 25 to 34 age group, which could imply a workforce primed for... Read more
Race Distribution in Louisiana (2022)
Educational Attainment in Louisiana (2022)
Age Distribution in Louisiana
Citizen Population in Louisiana (2022)
Political Trends & Data
Louisiana's 2020 U.S. Presidential election results suggest a pronounced Republican inclination, with Republicans potentially capturing around 58.50% of the vote and Democrats about 39.90%. Libertarians seemed to account for roughly 1%, with other parties barely making up the remaining share. This trend indicates a strong two-party dynamic, largely dominated by the GOP, with third-party influences being relatively... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Louisiana, the 2020 U.S. Presidential election saw Republicans possibly garnering a significant majority of the votes at around 58.5%, while Democrats might have secured close to 39.9%. Libertarians appeared to account for approximately 1% of the vote, leaving just under 1% for other parties combined. This suggests a strong Republican leaning in the state, with minimal impact from third-party candidates.
58.46% of voters voted for the Republican party in the 2020 Presidential Election
39.85% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Libertarian party in the 2020 Presidential Election
0.68% of voters voted for the Other party in the 2020 Presidential Election
School Data
Louisiana's student-to-teacher ratio peaked in 2019 at nearly 20 students per teacher, well above the current U.S. national average of 14 students per teacher. Despite a decline, 2023 figures still show a ratio of almost 17. This is significant for anyone investing in Louisiana's educational infrastructure or considering relocation, as higher ratios can impact perceived educational quality and teaching effectiveness. Appraisers, real estate agents, and insurance agents may find these trends... Read more
Student-to-teacher ratio in Louisiana over the last 10 years
Louisiana's student-to-teacher ratio has fluctuated over the last decade, with notable highs and lows. The ratio peaked in 2019 at nearly 20 students per teacher, which significantly exceeds the current U.S. national average of 14 students per teacher. Despite a gradual decline since then, the latest figures for 2023 still show a ratio of almost 17 students per teacher. This variation is critical for those looking to invest in Louisiana's educational infrastructure or those considering relocation, as higher student-to-teacher ratios can influence perceived educational quality, teaching effectiveness, and individual student attention. Appraisers may find these trends useful when assessing property values, as educational standards often impact community desirability and market stability. Furthermore, real estate agents might note these stats when advising families, while insurance agents could consider potential impacts on liability and coverage options for properties in regions with varying educational resources.
