Caddo Parish Real Estate and Livability Trends
In Caddo Parish, Louisiana, the real estate market reveals some intriguing dynamics. Median home values have risen consistently from $128,100 in 2015 to $166,700 in 2022 but still lag behind state and national medians. Average real estate taxes have surged from $2,575.09 in 2012 to $4,296.40 by 2021, indicating potential shifts in property values or tax rates. Meanwhile, the local economy has... Read more
Caddo Parish Market Trends
Caddo Parish, Louisiana, experienced a consistent rise in median home values from $128,100 in 2015 to $166,700 in 2022, though this figure still trails behind both the state median of $198,300 and the national median of $179,400. There's been noticeable volatility in Residential Energy Tax Credits, peaking notably in 2014, 2018, and 2020. Average real estate taxes surged dramatically, from... Read more
Median Value of Occupied Housing Units in Caddo Parish, Louisiana Over the Last 8 Years
Caddo Parish, Louisiana, has seen a gradual increase in median home values over the past eight years, rising from $128,100 in 2015 to $166,700 in 2022. This increase, while steady, remains below the state's median value of $198,300 for 2022 and the national median of $179,400. For investors, the growth in Caddo Parish presents potentially attractive opportunities given its relatively lower entry cost compared to broader markets, while residents might find this trend indicative of a stabilizing or emerging local economy.
Residential Energy Tax Credit Per Tax Return in Caddo Parish, LA Over the Last 9 Years
Residential Energy Tax Credits in Caddo Parish, Louisiana, have shown significant fluctuations over the last nine years, with notable peaks in 2014 at $1,064.02, 2018 at $1,668.00, and 2020 at $1,187.58. These variations might reflect changes in state or federal incentives encouraging energy-efficient upgrades, impacting average returns. For investors, property developers, and real estate professionals, understanding these trends could be crucial for anticipating housing market dynamics, particularly as they relate to energy efficiency and potential property value boosts.
Average Real Estate Taxes Per Tax Return in Caddo Parish, LA Over the Last 10 Years
Caddo Parish, Louisiana, has seen a notable rise in average real estate taxes per tax return over the last decade. Starting from $2,575.09 in 2012, there's been a steady climb, reaching up to $4,296.40 by 2021. The most significant jumps occurred after 2017, suggesting possible changes in property values or tax rates. This trend indicates increasing costs for property owners, which could impact decisions for prospective buyers, investors, insurers, and real estate professionals in the region.
Percentage of Farm Returns in Caddo Parish, LA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Caddo Parish, Louisiana has seen marginal yet consistent growth, peaking at 1.21% in 2019 before a slight decline to 1.08% in 2021. This data might suggest a gradual increase in agricultural activity or property use within the area, making it potentially appealing for those interested in agribusiness or rural property investments. Farm tax returns, which reflect income from farming activities reported for tax purposes, act as an economic indicator of the region's agricultural engagement and can influence decisions on investing in local farmland or related agrarian ventures.
Number of Mortgages by Occupancy Type in Caddo Parish, LA Over the Last 5 Years in Caddo Parish
Over the last five years, Caddo Parish, Louisiana has seen fluctuations in the number of mortgages by occupancy type. Principal residences have consistently dominated the mortgage counts, with a peak in 2021. Investment properties also showed growth but experienced a decline in 2022. Second residences remain a relatively modest percentage of the total mortgages. For investors, developers, and realtors, shifts in these metrics can indicate varying demand across different housing markets, which might impact pricing strategies and forecast housing trends. Appraisers and insurance agents will find these changes significant for accurate property valuation and risk assessment.
Economic Outlook
In Caddo Parish, Louisiana, a steady increase in average taxable income since 2013—rising from $52,151.76 to $69,845.94 by 2021—hints at a strengthening local economy, though the dips around 2016 suggest the need for cautious timing in investments. Meanwhile, average state and local income taxes have surged dramatically, reaching $13,751.94 in 2021, which may affect the attractiveness of the area to potential investors and residents. Total tax liability has generally increased, hitting... Read more
Average Taxable Income per Tax Return in Caddo Parish, LA over the last 9 years
The average taxable income per tax return in Caddo Parish, Louisiana has shown a general upward trend over the last nine years. Starting from $52,151.76 in 2013, it climbed to $69,845.94 by 2021, with notable increases in 2014 and significant jumps in 2018 and 2020. This steady growth in taxable income may indicate a strengthening local economy, potentially making it more attractive to investors, homebuyers, and real estate professionals. However, fluctuations between certain years, such as the dips observed in 2016, highlight the importance of carefully timing investments and considering historical variability.
Average State and Local Income Taxes Per Tax Return in Caddo Parish, LA Over the Last 10 Years
Caddo Parish, Louisiana has seen a significant upward trend in average state and local income taxes per tax return over the past decade, with a notable spike from $5,833.32 in 2017 to $13,751.94 in 2021. This sharp increase suggests a growing tax burden that could impact decisions for potential investors and residents. The dramatic rise in taxes calls for a closer look at what may be driving these changes, as it could influence property development and local economic strategies.
Average Total Tax Liability Per Tax Return in Caddo Parish, LA Over the Last 10 Years
Average total tax liability per tax return in Caddo Parish, Louisiana, has shown some notable fluctuations over the past decade, with a significant upward trend in recent years. In 2012, the average tax liability was around $10,831.28, dipping slightly in 2013, but then experiencing a general increase with occasional dips, peaking at $14,120.75 in 2021. This trend might suggest a growing economy or changes in tax policy affecting the area's residents. Such information can be particularly relevant for potential investors, property developers, and new residents looking to understand the financial landscape of Caddo Parish.
Cost of Living in Caddo Parish
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,197 | $1,480 | $2,012 | $1,294 | $1,207 |
1 adult 4 children | $1,197 | $1,209 | $1,539 | $1,294 | $1,353 |
2 adults 3 children | $1,197 | $1,209 | $1,745 | $1,294 | $979 |
1 adult 3 children | $1,197 | $987 | $1,273 | $1,294 | $1,097 |
2 adults 2 children | $960 | $990 | $1,479 | $1,122 | $843 |
1 adult 2 children | $960 | $739 | $1,006 | $1,122 | $800 |
2 adults 1 child | $960 | $782 | $1,212 | $561 | $744 |
1 adult 1 child | $960 | $505 | $739 | $561 | $627 |
2 adults | $815 | $628 | $946 | $0 | $627 |
1 adult | $673 | $343 | $473 | $0 | $506 |
Safety trends & Data
Over the last five years in Caddo Parish, Louisiana, property crime arrests have seen notable declines, with burglary cases dropping from 311 in 2018 to just 16 in 2022, and larceny-theft cases decreasing from 1,475 to 168 in the same period. This trend suggests a significant improvement in public safety, potentially boosting property values, which could be crucial for real estate agents, future residents, or investors considering the... Read more
Property Crime Trends in Caddo Parish, LA Over the Last 5 Years
Over the last five years in Caddo Parish, Louisiana, notable declines in property crime arrests are observable across various categories. Crimes like burglary saw a dramatic drop from 311 cases in 2018 to just 16 in 2022. Similarly, larceny-theft cases decreased from 1,475 in 2018 to 168 in 2022. The trend suggests a significant improvement in public safety and potentially increasing property values, which is key for real estate agents, future residents, or those looking to invest in the area.
Demographics
Caddo Parish in Louisiana seems to have a slightly higher female population as compared to males. The educational attainment data indicates that a substantial portion of the population holds a high school diploma or some college experience. The age distribution hints at a balanced mix, with notable populations both in younger age brackets and progressively older groups. Racially, the parish might exhibit diversity with significant representation from both White and Black or African American... Read more
Race Distribution in Caddo Parish, Louisiana (2022)
Educational Attainment in Caddo Parish, Louisiana (2022)
Age Distribution in Caddo Parish, Louisiana
Citizen Population in Caddo Parish, Louisiana (2022)
Political Trends & Data
In Caddo County, Louisiana, the 2020 U.S. Presidential Election results indicate a leaning towards the Democratic Party, receiving 52.5% of the votes. Republicans garnered 45.8%, while Libertarians and other parties collected 1% and 0.7% respectively. This could hint at a trend of growing partisan division in the area, with minor party influence still relatively... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Caddo County, Louisiana, the 2020 U.S. Presidential Election results suggest a leaning towards the Democratic party, with approximately 52.5% of the votes, compared to around 45.8% for Republicans. Libertarian and other parties received notably smaller shares, with Libertarian votes at roughly 1% and other party votes around 0.7%. This potentially reflects a trend towards bipartisan division in the region, with minor party influence remaining minimal.
45.77% of voters voted for the Republican party in the 2020 Presidential Election
52.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.72% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Caddo Parish, Louisiana, the student-to-teacher ratio has experienced significant fluctuations, ranging from 17 to over 100 students per teacher in the past decade. Given that the national average is 14 students per teacher, these variations could raise red flags for potential residents and investors. Consistent, manageable class sizes are often linked to more personalized and effective education, impacting property values and community satisfaction. Real estate professionals should consider... Read more
Student-to-teacher ratio in Caddo Parish, Louisiana over the last 10 years
The student-to-teacher ratio in Caddo Parish, Louisiana, has shown erratic fluctuations over the last decade, ranging from as low as 17 students per teacher to spikes exceeding 100 students per teacher in multiple years. These drastic variations can be concerning for potential residents and investors, as consistent, manageable class sizes are often an indicator of more personalized and effective education. For comparison, the national average is 14 students per teacher, making some years in Caddo Parish appear significantly overburdened. Real estate agents, appraisers, and insurance agents might find these figures especially relevant when assessing property values or potential risks associated with local educational standards. Those considering moving to or investing in the area should weigh these factors heavily, as they can impact community satisfaction and long-term value.