Assumption Parish Real Estate and Livability Trends
Assumption Parish, Louisiana's economic indicators suggest growing stability, with average taxable income per tax return increasing from $52,343.95 in 2013 to $61,789.92 in 2021. Meanwhile, median home values climbed steadily from $107,300 in 2015 to $130,600 in 2022, which could offer attractive opportunities for investors. Real estate taxes nearly doubled over the past decade, which might... Read more
Assumption Parish Market Trends
Assumption Parish, Louisiana's median home values have risen from $107,300 in 2015 to $130,600 in 2022, a more gradual increase compared to the state and national averages. This could suggest a stable market, presenting cost-effective opportunities for investors and developers. Average residential energy tax credits per tax return exhibit significant variability, from $610.00 in 2016 to $2089.47... Read more
Median Value of Occupied Housing Units in Assumption Parish, Louisiana Over the Last 8 Years
Assumption Parish, Louisiana has seen a more modest rise in median home values compared to state and national trends over the last eight years. The parish's median home value jumped from $107,300 in 2015 to $130,600 in 2022. This is in contrast to Louisiana’s broader market, which saw values go from $144,100 to $198,300, and the national average that rose from $125,500 to $179,400 in the same period. For potential investors or builders, this could suggest a more stable and possibly less volatile market, presenting opportunities for cost-effective investments and developments relative to state and national averages.
Residential Energy Tax Credit Per Tax Return in Assumption Parish, LA Over the Last 9 Years
In Assumption Parish, Louisiana, the average residential energy tax credits per tax return have shown significant variability over the past nine years. From a low of $610.00 in 2016 to a high of $2089.47 in 2021, the data suggests fluctuating investments in energy-efficient improvements. This trend might indicate changing state policies, varying homeowner engagement in energy-saving initiatives, or economic influences impacting discretionary spending on home upgrades. For potential investors, builders, and real estate professionals, these fluctuations could prompt considerations around market readiness for sustainable development projects and the local enthusiasm for energy efficiency investments.
Average Real Estate Taxes Per Tax Return in Assumption Parish, LA Over the Last 10 Years
Real estate taxes in Assumption Parish, Louisiana have seen a general upward trend over the past decade, nearly doubling from $1,122.22 in 2012 to $2,273.68 in 2021. The most significant jumps occurred between 2016 and 2018, pointing to possible economic or policy changes impacting the tax landscape. This trend could be indicative of rising property values or shifts in local tax policies, which are critical factors for investors, real estate agents, and prospective homeowners to consider when evaluating the area's financial climate.
Percentage of Farm Returns in Assumption Parish, LA Over the Last 10 Years
The trend of farm tax returns in Assumption Parish, Louisiana, fluctuates slightly year-to-year but generally hovers around 0.70% annually over the last decade. Farm tax returns, representing the percentage of total tax returns filed by agricultural operators, provide insights into the economic activity in the agricultural sector. For investors, developers, and potential residents, this stable yet minor proportion of farm returns could indicate a consistent, albeit small, agricultural presence, suggesting limited but steady opportunities for rural or agri-business investments.
Number of Mortgages by Occupancy Type in Assumption Parish, LA Over the Last 5 Years in Assumption Parish
Over the last five years, Assumption Parish, Louisiana has seen notable trends in mortgage counts across different occupancy types. Principal Residence mortgages dominate, peaking in 2020 at 899 but showing a noticeable decline to 607 by 2022. Investment Property mortgages remain relatively stable, although comparatively minimal, ranging from 18 to 29 annually. Second Residence mortgages follow a similar low-volume, downward trend. Changes in occupancy type may indicate shifting residential patterns and economic conditions, which could impact decisions for potential investors, real estate agents, and builders by highlighting areas of demand or oversupply. For appraisers and insurance agents, understanding these shifts provides context for property valuations and risk assessments.
Economic Outlook
Assumption Parish, Louisiana has seen an upward trend in average taxable income per tax return, rising from $52,343.95 in 2013 to $61,789.92 in 2021, signaling stronger economic stability. The average state and local income taxes per tax return have also increased, doubling from around $3,939 in 2012 to approximately $8,179 in 2021, suggesting possible economic growth or tax policy changes. Additionally, average total tax liabilities have fluctuated, peaking at $9,437.80 in 2017 before settling... Read more
Average Taxable Income per Tax Return in Assumption Parish, LA over the last 9 years
Assumption Parish, Louisiana has seen a general upward trend in average taxable income per tax return over the past nine years, notably increasing to $61,789.92 in 2021 from $52,343.95 in 2013. Despite a dip in 2016, the steady rise indicates growing economic stability, making it an increasingly attractive area for investment, property development, and real estate. For those considering moving to the area, the upward income trend might suggest better economic opportunities and a supportive environment for future growth.
Average State and Local Income Taxes Per Tax Return in Assumption Parish, LA Over the Last 10 Years
Over the last decade, Assumption Parish, Louisiana has seen a notable increase in average state and local income taxes per tax return, rising from approximately $3,939 in 2012 to around $8,179 in 2021. This upward trajectory may suggest economic growth or changes in tax policies impacting residents. The significant jumps in 2018 and 2020 are worth examining, as they could indicate shifts in local economic conditions or legislative adjustments. This trend could be relevant for potential investors, new residents, and property developers who are assessing the financial climate of the area.
Average Total Tax Liability Per Tax Return in Assumption Parish, LA Over the Last 10 Years
Assumption Parish, Louisiana has experienced fluctuating average total tax liabilities per tax return over the past decade. The highest spike was seen in 2017 at $9,437.80, hinting at potential short-term economic factors or tax changes. Recent figures for 2021 show the liability at $8,788.21, indicating a moderate increase compared to prior years like 2018 and 2019. These trends might interest potential investors or residents, as they could reflect broader economic conditions and living costs in the parish.
Cost of Living in Assumption Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,141 | $1,556 | $2,205 | $1,561 | $1,502 |
| 1 adult 4 children | $1,141 | $1,271 | $1,688 | $1,561 | $1,673 |
| 2 adults 3 children | $1,141 | $1,271 | $1,912 | $1,561 | $1,239 |
| 1 adult 3 children | $1,141 | $1,038 | $1,395 | $1,561 | $1,390 |
| 2 adults 2 children | $823 | $1,041 | $1,619 | $1,352 | $982 |
| 1 adult 2 children | $823 | $777 | $1,102 | $1,352 | $980 |
| 2 adults 1 child | $823 | $823 | $1,326 | $673 | $837 |
| 1 adult 1 child | $823 | $531 | $810 | $673 | $706 |
| 2 adults | $729 | $661 | $1,033 | $0 | $692 |
| 1 adult | $707 | $360 | $517 | $0 | $581 |
Safety trends & Data
Assumption Parish, Louisiana's recent property crime data highlights a peak in burglary and larceny-theft in 2019, followed by a decline in 2020. However, vandalism has shown consistent levels, indicating ongoing property damage issues. Despite these fluctuations, fraud and motor vehicle theft remained relatively stable and low. For investors, appraisers, and real estate agents, understanding these trends can provide valuable insights into the area's risk... Read more
Property Crime Trends in Assumption Parish, LA Over the Last 3 Years
Assumption Parish, Louisiana has seen variability in property crime over the past three years, with a notable peak in burglary and larceny-theft incidents in 2019, followed by a decline in 2020. Despite this, vandalism remained consistent with slight fluctuations, suggesting persistent issues with property damage. Interestingly, fraud and motor vehicle theft cases remained relatively low and stable, indicating some aspects of property crime are less prevalent. These trends could be insightful for potential investors, appraisers, and real estate agents assessing the area's risk factors.
Demographics
Assumption Parish, Louisiana shows a slightly larger female population compared to males. Most adults have at least completed high school, but there's a significant number without high school diplomas, which could suggest potential educational barriers. The age distribution seems more weighted towards middle-aged and older demographics, indicating a possibly aging population. Racially, the parish is predominantly White, with significant African American representation, while other racial groups... Read more
Race Distribution in Assumption Parish, Louisiana (2022)
Educational Attainment in Assumption Parish, Louisiana (2022)
Age Distribution in Assumption Parish, Louisiana
Citizen Population in Assumption Parish, Louisiana (2022)
Political Trends & Data
Assumption County, Louisiana's real estate market trends could largely be influenced by its political landscape. With around 65% of the votes leaning Republican in the 2020 U.S. Presidential Election, conservative policies likely dominate local governance. This conservative inclination might shape the region's development priorities, property laws, and even tax rates, which can be critical factors for potential buyers and investors assessing the market's long-term... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Assumption County, Louisiana, the 2020 U.S. Presidential Election likely saw solid Republican dominance with about 65% of the votes. Democrats possibly garnered around 34%, while Libertarians and other parties made up a negligible portion of the total votes. This pattern suggests a strong preference for conservative policies in the region.
64.72% of voters voted for the Republican party in the 2020 Presidential Election
34.12% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% 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
Assumption Parish, Louisiana has seen its student-to-teacher ratio jump from 12 in 2016 to a peak of 20 in 2020, and currently stands at around 18 in 2023. This number is higher than the national average of 14, a factor that could impact decisions for families considering moving to the area. For real estate agents and property developers, understanding these educational dynamics is crucial, as they may significantly influence property values and the area’s allure. Appraisers and insurance... Read more
Student-to-teacher ratio in Assumption Parish, Louisiana over the last 10 years
The student-to-teacher ratio in Assumption Parish, Louisiana has shown significant fluctuations over the past decade, with ratios ranging from a low of 12 students per teacher in 2016 to a high of 20 in 2020. This variability could suggest shifting resource allocations or changes in student enrollment patterns. Notably, the latest ratio in 2023 stands at nearly 18 students per teacher, which remains higher than the current U.S. national average of 14. Such trends might attract attention from potential residents and investors concerned with educational quality. For real estate agents and property developers, these ratios could influence the attractiveness of the area for families. Additionally, appraisers and insurance agents might consider these educational metrics when evaluating property values and risks.
