Jefferson Parish Real Estate and Livability Trends
Jefferson Parish, Louisiana has shown considerable economic shifts and housing market trends, with the average taxable income per tax return climbing to $72,141.21 in 2021, accompanied by a rise in state and local income taxes to $12,290.85. Notably, median home values have surged from $172,700 in 2015 to $231,700 in 2022, outpacing broader trends and signaling strong investment potential.... Read more
Jefferson Parish Market Trends
Jefferson Parish, Louisiana has seen remarkable growth in median home values over the past eight years, outpacing both state and national trends with an increase from $172,700 in 2015 to $231,700 in 2022. This signals strong investment potential and heightened demand for housing. Meanwhile, the residential energy tax credits have been highly volatile, likely reflecting changes in policy and... Read more
Median Value of Occupied Housing Units in Jefferson Parish, Louisiana Over the Last 8 Years
Over the past eight years, Jefferson Parish, Louisiana has seen a consistent rise in median home values, increasing from $172,700 in 2015 to $231,700 in 2022. This growth rate not only outpaces the state of Louisiana—where median values rose from $144,100 to $198,300—but also exceeds national trends, which climbed from $125,500 to $179,400 within the same period. This trend may signal strong investment potential and high demand for housing in Jefferson Parish compared to broader regional and national markets.
Residential Energy Tax Credit Per Tax Return in Jefferson Parish, LA Over the Last 9 Years
Jefferson Parish, Louisiana's residential energy tax credits per tax return have shown significant volatility over the past nine years. Peaks can be observed in 2014 with an average credit of $1,083.76, and a notable high in 2018 at $1,801.10. Conversely, the years 2016 and 2017 reflected lower averages around $575.42 and $893.44, respectively. This fluctuation likely mirrors shifts in policy, availability of energy-efficient technologies, and possibly variations in residential investments in energy upgrades. These patterns may interest potential homebuyers, real estate agents, and investors looking at energy efficiency incentives in Jefferson Parish.
Average Real Estate Taxes Per Tax Return in Jefferson Parish, LA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Jefferson Parish, Louisiana have shown a noticeable upward trend, rising from around $2,128.24 in 2012 to approximately $4,420.31 in 2021. This significant increase implies a growing property tax burden, which could be a critical consideration for potential investors, property developers, and current homeowners. The trend may reflect broader economic factors such as property value growth, local government budget needs, or shifts in tax policies. This rising trajectory is essential for real estate agents, appraisers, and insurance professionals to monitor as it directly impacts home affordability and overall market stability.
Percentage of Farm Returns in Jefferson Parish, LA Over the Last 10 Years
In the past decade, Jefferson Parish, Louisiana has generally seen a slight decline in the percentage of farm returns reported. Starting at approximately 0.23% in 2012 and dropping to around 0.18% by 2020, with a small uptick to nearly 0.19% in 2021, this trend might suggest a tightening in the local agricultural sector or shifts in land use. Understanding farm tax returns is essential for grasping the level of agricultural activity and investment in the area. For investors, potential residents, or developers, these trends could hint at evolving land values, economic conditions, and community priorities which might impact property developments or investments tied to agribusiness.
Number of Mortgages by Occupancy Type in Jefferson Parish, LA Over the Last 5 Years in Jefferson Parish
Over the last five years in Jefferson Parish, Louisiana, principal residence mortgages have seen the highest counts, stabilizing around 14,124 to 22,148 annually, indicating strong homeowner interest. Investment property mortgage counts have shown a modest upward trend, peaking at 1,677 in 2021. Second residence mortgages remain minimal, fluctuating slightly, which could reflect their niche market status. These shifts in occupancy types are crucial as they influence housing demand dynamics, investment risk assessments, and property value projections. Investors might see opportunities in the growing investment property sector, while homeowners and developers need to gauge evolving buyer preferences for primary residences. Such granular insights aid real estate agents and insurance agents in aligning their strategies with the market's trajectory.
Economic Outlook
Jefferson Parish, Louisiana has witnessed a steady rise in the average taxable income per tax return, jumping to $72,141.21 in 2021 from $54,220.29 in 2013, indicating a potentially higher earning demographic. The average state and local income taxes also surged, peaking at around $12,290.85 in 2021, showcasing a marked increase since 2012. Meanwhile, the percentage of residents living below the poverty line has fluctuated, marking a notable dip to 12.6% in 2019, but rising again to 16.3% in... Read more
Average Taxable Income per Tax Return in Jefferson Parish, LA over the last 9 years
Jefferson Parish, Louisiana has seen a general increase in the average taxable income per tax return over the past nine years. Notably, the average taxable income spiked to $72,141.21 in 2021, up significantly from $54,220.29 in 2013. This trend showcases a relatively steady growth with slight dips, especially in 2020, possibly indicating resilience amidst economic fluctuations. This elevation in taxable income can be a key consideration for investors, real estate agents, and appraisers, as it implies a potentially higher earning demographic in the area.
Average State and Local Income Taxes Per Tax Return in Jefferson Parish, LA Over the Last 10 Years
Over the past decade in Jefferson Parish, Louisiana, average state and local income taxes per tax return have notably increased. Starting at around $5,256.36 in 2012, there's been a significant upward trend, peaking in 2021 at approximately $12,290.85. This rise, particularly sharp from 2017 onwards, could potentially reflect economic shifts or policy changes impacting taxpayers in the parish. Those considering investing or relocating should note this escalation in tax responsibilities, which may influence overall living costs and financial planning.
Average Total Tax Liability Per Tax Return in Jefferson Parish, LA Over the Last 10 Years
Over the past decade, Jefferson Parish in Louisiana has experienced some fluctuation in average tax liability per tax return, with values mostly hovering around the $11,000 range, except for a notable spike in 2021 reaching $13,118.07. This variability could be indicative of broader economic shifts, tax policy changes, or local economic development, offering a nuanced context for financial planning, property investment, and real estate decisions in the area.
Cost of Living in Jefferson Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,463 | $1,544 | $2,290 | $1,469 | $1,500 |
| 1 adult 4 children | $1,463 | $1,261 | $1,754 | $1,469 | $1,657 |
| 2 adults 3 children | $1,463 | $1,262 | $1,986 | $1,469 | $1,240 |
| 1 adult 3 children | $1,463 | $1,030 | $1,450 | $1,469 | $1,379 |
| 2 adults 2 children | $1,135 | $1,033 | $1,681 | $1,280 | $987 |
| 1 adult 2 children | $1,135 | $771 | $1,145 | $1,280 | $1,006 |
| 2 adults 1 child | $1,135 | $816 | $1,377 | $665 | $879 |
| 1 adult 1 child | $1,135 | $527 | $841 | $665 | $736 |
| 2 adults | $962 | $656 | $1,072 | $0 | $702 |
| 1 adult | $814 | $358 | $536 | $0 | $558 |
Safety trends & Data
Over the past five years, Jefferson Parish, Louisiana has seen fluctuating property crime trends, with notable drops in Larceny - Theft from 2,948.00 in 2018 to 868.00 in 2021, though rising again to 1,430.00 in 2022. Burglary incidents hit a high in 2019 at 302.00 but fell to 210.00 in 2022. While Motor Vehicle Theft and Fraud have shown minor year-to-year variations, these crime dynamics could impact investment decisions, property valuations, and community safety strategies in Jefferson... Read more
Property Crime Trends in Jefferson Parish, LA Over the Last 5 Years
Over the past five years, Jefferson Parish, Louisiana has experienced fluctuating trends in property crimes, with notable decreases in major categories like Larceny - Theft, dropping from 2,948.00 in 2018 to 868.00 in 2021 before inching back up to 1,430.00 in 2022. Burglary incidents peaked in 2019 at 302.00 but have since declined to 210.00 in 2022. Motor Vehicle Theft and Fraud have remained relatively stable, with minor year-to-year variations. The data suggests a potential shift in crime dynamics, which could inform investment decisions, property valuations, and community safety strategies for stakeholders in Jefferson Parish.
Demographics
In Jefferson Parish, Louisiana, the overall population reveals a slight female majority, while educational attainment varies widely, with a significant portion holding high school diplomas or engaging in some college education. The age distribution indicates a relatively balanced population spread, with more residents in the 25 to 34 and 55 to 64 age brackets, hinting at a stable working-age population and a growing senior demographic. Racially, the area primarily identifies as White, but there... Read more
Race Distribution in Jefferson Parish, Louisiana (2022)
Educational Attainment in Jefferson Parish, Louisiana (2022)
Age Distribution in Jefferson Parish, Louisiana
Citizen Population in Jefferson Parish, Louisiana (2022)
Political Trends & Data
Jefferson Parish, Louisiana displayed a thin Republican edge in the 2020 U.S. Presidential Election, with about 54.7% of the vote going to Republicans and around 43.6% to Democrats. The minimal impact of minor parties, less than 2%, suggests the primary political competition remains between these two major parties. This leaning indicates a tendency towards Republican preferences, but the notable Democratic presence hints at a dynamic and potentially competitive political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Jefferson Parish, Louisiana showed a slight Republican majority with around 54.7% of the vote in the 2020 U.S. Presidential Election, compared to approximately 43.6% for Democrats. Minor parties like the Libertarians and others had a negligible impact, gathering less than 2% collectively. This voting pattern might indicate a leaning towards Republican preferences in this region, though the significant Democratic minority suggests potential for competitive future elections.
54.69% of voters voted for the Republican party in the 2020 Presidential Election
43.60% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Jefferson Parish, Louisiana's student-to-teacher ratio has fluctuated significantly in the past decade, peaking at almost 21 students per teacher in 2018 and remaining high through 2023. Given that the national average is 14 students per teacher, this higher ratio may signal potential challenges in delivering individualized student support. For investors and real estate professionals, this suggests a potential need for educational investment to enhance school performance, which in turn could... Read more
Student-to-teacher ratio in Jefferson Parish, Louisiana over the last 10 years
Jefferson Parish, Louisiana has seen significant fluctuations in its student-to-teacher ratio over the past decade, peaking at almost 21 students per teacher in 2018 and maintaining high numbers through 2023. This is noticeably above the national average of 14 students per teacher, which could indicate potential challenges in providing individualized attention and support to students. For investors, real estate agents, and those considering moving to the area, this might imply a need for educational investment to improve school performance metrics. Such high ratios often influence school ratings, which are critical considerations for families and can impact property values and neighborhood desirability. Insurance agents and appraisers might also factor in these trends as they assess risks and property valuations in the area.
