Allen Parish Real Estate and Livability Trends
Median home values in Allen Parish, Louisiana have increased from $81,100 in 2015 to $113,400 in 2022, still trailing state and national averages, which may signal an appealing market for affordable housing. Property tax surge to $2,000.00 by 2021, likely due to rising property values or tax policy changes, deserves investors' attention. The dominance of Principal Residence loans, peaking at 723... Read more
Allen Parish Market Trends
Median home values in Allen Parish, Louisiana have climbed from $81,100 in 2015 to $113,400 in 2022, yet they still trail behind both state and national medians, indicating a potentially attractive market for affordable housing. The fluctuating average residential energy tax credits, which peaked at $2,050.00 in 2014 and settled at $540.00 in 2021, might offer additional incentives for... Read more
Median Value of Occupied Housing Units in Allen Parish, Louisiana Over the Last 8 Years
Median home values in Allen Parish, Louisiana have shown a steady increase over the past eight years, reaching $113,400 in 2022 from $81,100 in 2015. Interestingly, these values consistently lag behind the state median, which jumped from $144,100 to $198,300 in the same period. When comparing to the national trend where median values soared to $179,400 in 2022, it may suggest that Allen Parish offers relatively affordable housing options. This context could be pivotal for potential investors or homebuyers interested in regions with rising values yet lower entry points compared to broader markets.
Residential Energy Tax Credit Per Tax Return in Allen Parish, LA Over the Last 8 Years
Allen Parish, Louisiana has seen notable fluctuations in the average residential energy tax credit per tax return over the past eight years. While 2014 peaked notably at an impressive $2,050.00, other years like 2016 and 2019 dipped as low as $410.00 and $325.00, respectively. The recent increase to $540.00 in 2021 suggests a potential upward trend, making it an interesting point for those considering energy-efficient investments or appraising property values in the area. This variability might impact decision-makers, such as insurance agents and real estate agents, who are looking to understand the financial benefits that residents might receive from energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Allen Parish, LA Over the Last 10 Years
Over the past decade, Allen Parish, Louisiana has seen a notable upward trend in average real estate taxes per tax return. Starting at around $760.29 in 2012, taxes have more than doubled, reaching $2,000.00 by 2021. This increasing tax burden could be an important consideration for potential property investors and current homeowners in the area, suggesting a rise in property values or changes in local tax policies. Real estate agents, appraisers, insurance agents, and those planning to build or buy property here might want to factor in these rising costs, which could potentially impact affordability and overall market dynamics.
Percentage of Farm Returns in Allen Parish, LA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Allen Parish, Louisiana, has shown modest fluctuations, generally hovering around 4%. This data might suggest a stable yet slightly volatile agricultural sector, which could be an important consideration for potential investors, developers, or new residents. Farm tax returns typically reflect the income and expenses from farming activities, and a stable percentage can imply consistent agricultural operations in the area. For those interested in property development, understanding these trends may be crucial for making informed decisions about land use and investment in the region.
Number of Mortgages by Occupancy Type in Allen Parish, LA Over the Last 5 Years in Allen Parish
The data on mortgages in Allen Parish, Louisiana, indicates that Principal Residence loans have consistently dominated the lending landscape over the past five years, with a notable peak in 2021 at 723 mortgages. Investment Property loans, while consistently lower in volume, show a downward trend, dropping from 55 in 2019 to 26 in 2022. Second Residence mortgages remain relatively minor, peaking modestly at 12 in 2020. These shifts could signal changing investor confidence and homeowner preferences in the area, which may influence property values and market dynamics. For investors and real estate agents, the decline in investment property loans might suggest reduced speculative activity, potentially making the market less volatile. For insurers and appraisers, understanding these trends helps in assessing risk and property valuations more accurately.
Economic Outlook
Average taxable income per tax return in Allen Parish, Louisiana, has generally trended upwards over the past nine years, increasing from around $43,980.68 in 2013 to about $51,691.07 in 2021. While there was a notable dip in 2016, the overall growth could suggest an improving local economy. The rise in state and local income taxes over the past decade, from $3,298.13 in 2012 to $5,990.48 in 2021, may reflect evolving financial obligations. Average total tax liability has fluctuated, with a... Read more
Average Taxable Income per Tax Return in Allen Parish, LA over the last 9 years
Average taxable income per tax return in Allen Parish, Louisiana, has seen a general upward trend over the last nine years, starting from approximately $43,980.68 in 2013 to around $51,691.07 in 2021. While there were fluctuations, such as a dip in 2016 to roughly $46,590.43, the overall growth may indicate a strengthening local economy. This information might be significant for potential investors and those looking to move to the area, as it could reflect an improving financial landscape. For real estate agents and appraisers, this trend could hint at rising property values, while insurance agents might find interest in the potential for increased coverage needs aligned with the higher income levels.
Average State and Local Income Taxes Per Tax Return in Allen Parish, LA Over the Last 10 Years
Over the past decade, Allen Parish, Louisiana has seen a notable increase in average state and local income taxes per tax return, rising from $3,298.13 in 2012 to $5,990.48 in 2021. The most significant spike occurred in 2018, reaching $5,742.86. Potential investors and residents might find this trend worth considering, as it reflects evolving financial obligations that could impact disposable income and the overall economic climate of the area.
Average Total Tax Liability Per Tax Return in Allen Parish, LA Over the Last 10 Years
Allen Parish, Louisiana has seen some fluctuation in average total tax liability per tax return over the last decade. Notably, there was a significant spike to $9,124.47 in 2017, which could be of interest to prospective investors or those considering relocation, as it might suggest economic changes or specific tax policies implemented during that year. Otherwise, the average figures hover mostly in the $5,000 to $7,000 range, offering a general idea of financial obligations for residents and property owners in the area.
Cost of Living in Allen Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $962 | $1,399 | $2,253 | $1,031 | $1,143 |
| 1 adult 4 children | $962 | $1,143 | $1,727 | $1,031 | $1,267 |
| 2 adults 3 children | $962 | $1,143 | $1,953 | $1,031 | $911 |
| 1 adult 3 children | $962 | $933 | $1,427 | $1,031 | $973 |
| 2 adults 2 children | $740 | $936 | $1,653 | $908 | $784 |
| 1 adult 2 children | $740 | $699 | $1,127 | $908 | $725 |
| 2 adults 1 child | $740 | $740 | $1,353 | $507 | $733 |
| 1 adult 1 child | $740 | $478 | $827 | $507 | $604 |
| 2 adults | $587 | $594 | $1,053 | $0 | $617 |
| 1 adult | $567 | $324 | $527 | $0 | $522 |
Safety trends & Data
Allen Parish, Louisiana has seen a significant drop in property crimes over the past five years. Burglaries and larceny-thefts peaked in 2018 with 69.0 and 52.0 incidents respectively but dropped to just 7.0 and 13.0 by 2022. Motor vehicle thefts have stayed low and stable, not exceeding 5.0 incidents annually. Vandalism, however, saw an unexpected rise to 10.0 incidents in 2022 from just 1.0 in 2020. These trends suggest enhanced community safety and effective policing, which could make Allen... Read more
Property Crime Trends in Allen Parish, LA Over the Last 5 Years
Over the last five years, Allen Parish, Louisiana has seen a noticeable decrease in property crimes, particularly in burglary and larceny-theft, which peaked in 2018 with 69.0 and 52.0 incidents respectively. By 2022, these figures had dropped significantly to 7.0 for burglary and 13.0 for larceny-theft. Motor vehicle thefts have remained relatively stable but low, never exceeding 5.0 annually. Interestingly, vandalism incidents surged to 10.0 in 2022 after a notable low of 1.0 in 2020. These trends could indicate improved community safety and effective law enforcement, making Allen Parish potentially more appealing for new residents and investors.
Demographics
Allen Parish, Louisiana showcases a higher proportion of males to females among its adult population. When examining educational attainment, a significant number of adults have either a high school diploma or some college experience, though fewer seem to have completed higher education degrees. The age distribution indicates a relatively balanced spread across various age groups, with notable population peaks in the 25-34 and 35-44 year brackets. Racially, the majority of residents are White,... Read more
Race Distribution in Allen Parish, Louisiana (2022)
Educational Attainment in Allen Parish, Louisiana (2022)
Age Distribution in Allen Parish, Louisiana
Citizen Population in Allen Parish, Louisiana (2022)
Political Trends & Data
Allen County, Louisiana, leans heavily Republican based on the 2020 U.S. Presidential Election results, with over 77% of the votes going to GOP candidates. Democratic support lagged significantly at just over 21%, and third-party candidates barely made a dent, receiving slightly more than 1%. This may indicate a deeply entrenched conservative voter base in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Allen County, Louisiana, the 2020 U.S. Presidential Election saw a considerable preference for the Republican party, with over 77 percent of the votes. Democratic candidates received just over 21 percent, while Libertarians and other parties collectively garnered a little over 1 percent. This suggests a strong Republican leaning in the county, with little support for third-party candidates.
77.21% of voters voted for the Republican party in the 2020 Presidential Election
21.49% of voters voted for the Democrat party in the 2020 Presidential Election
0.74% of voters voted for the Livertarian party in the 2020 Presidential Election
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
Allen Parish, Louisiana has seen its student-to-teacher ratio hover slightly below the national average of 14 students per teacher over the past decade, with recent stabilization around 13.5. This consistently lower ratio could appeal to families looking for more individualized attention in schools, potentially influencing property values and impacting insurance risk assessments for new builds. Real estate agents might find this detail particularly beneficial when highlighting school quality to... Read more
Student-to-teacher ratio in Allen Parish, Louisiana over the last 10 years
Over the past decade, the student-to-teacher ratio in Allen Parish, Louisiana has fluctuated, consistently trending around but slightly below the national average of 14 students per teacher. Ratios dropped as low as 13 in 2016 and peaked at nearly 15 students per teacher in 2014. More recent years have seen a stabilization closer to 13.5. For those considering moving to or investing in Allen Parish, a lower student-to-teacher ratio could indicate more individualized attention for students, which may appeal to families. This detail might also factor into property value appraisals, impact insurance risk calculations for new builds, and be of interest to real estate agents highlighting school quality to prospective buyers.
