Iberia Parish Real Estate and Livability Trends
In Iberia Parish, Louisiana, housing values rose significantly from $99,600 in 2015 to $152,400 by 2022, suggesting it could be an affordable investment compared to broader market trends. The average residential energy tax credits fluctuated, peaking at $1,605.00 in 2015, indicating dynamic incentives for energy-efficient homes. Meanwhile, real estate taxes nearly doubled from $1,215.76 in 2012... Read more
Iberia Parish Market Trends
Housing values in Iberia Parish, Louisiana, climbed from $99,600 in 2015 to $152,400 by 2022, making it an affordable investment option compared to state and national trends. Notable fluctuations in average residential energy tax credits indicate dynamic incentives for energy-efficient homes, peaking at $1,605.00 in 2015 and reflecting potential property value impacts. Real estate taxes nearly... Read more
Median Value of Occupied Housing Units in Iberia Parish, Louisiana Over the Last 8 Years
Housing values in Iberia Parish, Louisiana have shown a gradual upward trajectory over the last eight years, starting at $99,600 in 2015 and reaching $152,400 by 2022. This local market growth, however, lags behind both state and national trends. Louisiana saw values climb from $144,100 to $198,300 in the same period, while national figures surged from $125,500 to $179,400. This suggests that Iberia Parish may present more affordable investment opportunities compared to broader markets, particularly for those enticed by a rising yet less aggressive appreciation curve.
Residential Energy Tax Credit Per Tax Return in Iberia Parish, LA Over the Last 9 Years
Iberia Parish, Louisiana has experienced notable fluctuations in average residential energy tax credits per tax return over the past nine years. In 2013, the average credit hovered around $509.62, but it surged significantly to $1,363.64 in 2014 and peaked in 2015 at $1,605.00. Subsequent years have seen varied levels, with 2016 and 2020 showing lower averages at $856.67 and $664.00, respectively. However, the credit rebounded to $1,028.57 by 2021. This trend may suggest changing policies or incentives related to energy efficiency improvements, which could impact property values and energy costs. Investors, appraisers, and real estate agents might find these fluctuations relevant when considering the appeal of energy-efficient homes in this region.
Average Real Estate Taxes Per Tax Return in Iberia Parish, LA Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Iberia Parish, Louisiana have generally increased, with notable spikes in 2016 and again from 2018 to 2021. In 2012, the average tax was $1,215.76, rising steadily to $2,466.25 in 2021. This trend might indicate escalating property values or shifts in tax assessments, crucial for investors, potential homeowners, appraisers, insurance agents, builders, and real estate professionals to keep an eye on.
Percentage of Farm Returns in Iberia Parish, LA Over the Last 10 Years
The farm tax returns in Iberia Parish, Louisiana have remained relatively stable over the last decade, fluctuating mildly between 0.88% and 1.04%. This consistency indicates a slow but steady agricultural sector, which could be reassuring for potential investors and property developers looking for predictability. For individuals contemplating a move or investment, the stable farm returns might suggest a community with enduring agricultural activity, contributing to the local economy. This sector’s stability can be seen as a sign of robust land use and potentially favorable property values, making it an attractive consideration for various stakeholders.
Number of Mortgages by Occupancy Type in Iberia Parish, LA Over the Last 5 Years in Iberia Parish
The mortgage trend in Iberia Parish, Louisiana, shows a significant majority for principal residences over the last five years, peaking in 2021 at 2,374 loans. Investment properties consistently hold a smaller but notable share, with a gradual increase from 180 in 2018 to 270 in 2022. Second residences have minimal activity, remaining below 30 annually. Changes in occupancy type are crucial for investors and developers, as a high number of principal residence mortgages indicate a stable, potentially growing community, whereas increased investment property activity could signal opportunities for rental markets. Real estate agents and appraisers can gauge market demand and property values, while insurers may adjust premiums based on occupancy risk variations.
Economic Outlook
In Iberia Parish, Louisiana, the average taxable income per tax return has seen peaks in 2014 ($55,548.49) and 2021 ($55,497.45), despite a dip in 2020 to $48,663.41, suggesting economic diversity and a responsive income level. State and local income taxes have generally increased, with a peak in 2020 at $8,273.68, indicating possible fiscal policy shifts. Average total tax liability also fluctuated, peaking at $10,643.03 in 2016 and dropping to $7,649.61 by 2020. Notably, poverty rates have... Read more
Average Taxable Income per Tax Return in Iberia Parish, LA over the last 9 years
The average taxable income per tax return in Iberia Parish, Louisiana has seen some fluctuations over the past nine years, with notable peaks in 2014 ($55,548.49) and 2021 ($55,497.45). Despite a dip in 2020 to $48,663.41, the overall trend suggests a recovery back towards higher levels. This variability could be a signal to potential investors and real estate agents of an economically diverse region where income levels might be responsive to broader economic factors. Appraisers and insurance agents might find these shifts indicative of market resilience, important for assessing risk and property value.
Average State and Local Income Taxes Per Tax Return in Iberia Parish, LA Over the Last 10 Years
Over the last decade in Iberia Parish, Louisiana, there's been a noticeable upward trend in state and local income taxes per tax return, with amounts generally climbing from just over $5117.82 in 2012 to about $6283.65 by 2021. A significant spike occurred in 2020, peaking at $8273.68, which could hint at economic changes or fiscal policy shifts in the area. This trend may be of interest to those keen on understanding the changing economic landscape of Iberia Parish, whether for investment purposes, residential moves, or evaluating the fiscal environment for potential developments.
Average Total Tax Liability Per Tax Return in Iberia Parish, LA Over the Last 10 Years
In Iberia Parish, Louisiana, the average total tax liability per tax return has shown notable fluctuations over the past decade. While it reached a peak of approximately $10,643.03 in 2016, there was a notable decline in subsequent years, hitting a low of around $7,649.61 in 2020. This variability could be a key consideration for potential investors, property developers, and real estate agents due to its potential impact on disposable income and property market dynamics. For insurance agents and appraisers, these trends may inform risk assessments and property valuations.
Cost of Living in Iberia Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,180 | $1,383 | $2,309 | $1,233 | $1,265 |
| 1 adult 4 children | $1,180 | $1,130 | $1,769 | $1,233 | $1,407 |
| 2 adults 3 children | $1,180 | $1,130 | $2,002 | $1,233 | $1,028 |
| 1 adult 3 children | $1,180 | $923 | $1,462 | $1,233 | $1,115 |
| 2 adults 2 children | $927 | $925 | $1,695 | $1,068 | $855 |
| 1 adult 2 children | $927 | $691 | $1,155 | $1,068 | $826 |
| 2 adults 1 child | $927 | $731 | $1,388 | $534 | $773 |
| 1 adult 1 child | $927 | $472 | $847 | $534 | $648 |
| 2 adults | $704 | $587 | $1,081 | $0 | $630 |
| 1 adult | $700 | $320 | $540 | $0 | $545 |
Demographics
Iberia Parish, Louisiana, sees a slightly higher number of females than males, reflecting a common trend in longevity and health factors. Educational attainment shows a significant portion of the population achieving a high school diploma or some college experience, but fewer have advanced degrees. Age distribution data hints at a balanced population with notable segments in the young and middle-aged demographics, suggesting a stable community with varying needs. In terms of racial diversity,... Read more
Race Distribution in Iberia Parish, Louisiana (2022)
Educational Attainment in Iberia Parish, Louisiana (2022)
Age Distribution in Iberia Parish, Louisiana
Citizen Population in Iberia Parish, Louisiana (2022)
Political Trends & Data
In Iberia County, Louisiana, the real estate market trends might be indirectly influenced by its strong Republican inclination, as observed in the 2020 U.S. Presidential Election where approximately 65% of the vote went to Republicans. This conservative leaning could correlate with specific preferences in property investment and community planning, potentially making the area more attractive to certain demographics who value stability and conservative policies. Minor parties and independents... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Iberia County, Louisiana, the 2020 U.S. Presidential Election saw a notable lean towards Republican preference, with roughly 65% of the vote. Democrats captured about 34%, indicating a significant but lesser degree of support. Minor party and independent votes, including Libertarian and other smaller parties, were minimal, collectively accounting for just over 1% of the vote. This distribution suggests a strong Republican inclination in the region, with limited traction for third-party candidates.
64.96% of voters voted for the Republican party in the 2020 Presidential Election
33.71% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% 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
Iberia Parish in Louisiana has experienced notable shifts in its student-to-teacher ratio over the past decade, peaking at 19 students per teacher in 2020 before settling near 18, well above the national average of 14. This higher ratio could influence families' decisions regarding educational quality and impact real estate investors interested in property values tied to school districts. It also highlights potential challenges for policymakers aiming to allocate resources... Read more
Student-to-teacher ratio in Iberia Parish, Louisiana over the last 10 years
Over the last decade, Iberia Parish in Louisiana has seen some fluctuation in its student-to-teacher ratio. After dropping to 13 students per teacher in 2016, the ratio significantly increased, peaking at 19 in 2020. Currently, the ratio hovers near 18, well above the national average of 14 students per teacher. This higher ratio might suggest potential challenges in providing individualized attention and could impact decisions for families evaluating educational quality, real estate investors considering property values related to school districts, and policymakers seeking to allocate educational resources effectively.
