Lafourche Parish Real Estate and Livability Trends
Lafourche Parish, Louisiana's real estate market shows a mix of growth and volatility. Median home values climbed from $133,200 in 2015 to $177,200 in 2022, pointing to a steady appreciation in property worth. Despite this, fluctuating trends in average taxable income and tax liability hint at an unstable economic environment, which could affect investment decisions. Real estate taxes also nearly... Read more
Lafourche Parish Market Trends
Median home values in Lafourche Parish, Louisiana, climbed steadily from $133,200 in 2015 to $177,200 in 2022, showing a more moderate pace of growth compared to both state and national levels. Residential energy tax credits have fluctuated noticeably, peaking at $1,868.97 in 2018, hinting at a burgeoning focus on energy efficiency. Real estate taxes almost doubled over a decade, from $1,579.40... Read more
Median Value of Occupied Housing Units in Lafourche Parish, Louisiana Over the Last 8 Years
Median home values in Lafourche Parish, Louisiana have shown consistent year-over-year growth, rising from $133,200 in 2015 to $177,200 in 2022. When compared to the state and national trends, Lafourche Parish's growth mirrors those patterns but at a slightly steadier rate. While Louisiana saw a sharper rise from $144,100 in 2015 to $198,300 in 2022, the national median moved from $125,500 to $179,400 over the same period. This indicates that although Lafourche Parish is growing, it's doing so at a more moderate pace than the state average, which could be an attractive factor for buyers seeking less aggressive market dynamics.
Residential Energy Tax Credit Per Tax Return in Lafourche Parish, LA Over the Last 9 Years
Residential energy tax credits in Lafourche Parish, Louisiana have shown notable variability over the past nine years, with the lowest average at $841.30 in 2013 and peaking at $1,868.97 in 2018. On a general trend, there has been a marked increase in these credits, reflecting possible fluctuations in renewable energy adoption and incentives. For real estate investors, appraisers, and residents, this trend might suggest an increasing community and governmental emphasis on energy efficiency and possibly rising costs associated with it. Consider the potential implications on property values, insurance considerations, and even future development opportunities, reflecting an overall push toward more sustainable living standards in the parish.
Average Real Estate Taxes Per Tax Return in Lafourche Parish, LA Over the Last 10 Years
The average real estate taxes per tax return in Lafourche Parish, Louisiana, have seen a significant rise over the past decade, beginning at approximately $1,579.40 in 2012 and peaking at around $3,067.02 in 2020. This upward trend could be noteworthy for potential investors, real estate agents, and those planning to build property, as it likely reflects increasing property values and potential changes in local tax policies. Insurance agents may also find this data useful for adjusting their risk assessments and premium calculations.
Percentage of Farm Returns in Lafourche Parish, LA Over the Last 10 Years
Over the past decade, farm tax returns in Lafourche Parish, Louisiana have hovered around 1% of all tax returns, trending slightly upward with notable increases in 2016, 2017, and 2018 reaching up to 1.14%. While these figures might seem modest, they suggest a stable agricultural sector potentially ripe for investment or development. For those eyeing opportunities in rural property or agribusiness, so-called farm returns offer a relevant indicator of the local economy's health and potential growth areas.
Number of Mortgages by Occupancy Type in Lafourche Parish, LA Over the Last 5 Years in Lafourche Parish
Lafourche Parish, Louisiana shows a predominantly high count of mortgages for principal residences over the last five years, which intriguingly spiked in 2020 and 2021. Investment properties and second residences exhibit much lower and relatively stable numbers throughout. This trend could imply a strong local demand for primary homes, possibly driven by factors like job opportunities or community appeal. Low investment and second home figures might suggest fewer opportunities or interest in vacation homes or property flipping, which could influence decisions for potential investors, insurers assessing risk, or real estate agents targeting specific markets.
Economic Outlook
Lafourche Parish, Louisiana has exhibited a rollercoaster ride in average taxable income per tax return over the past nine years, dipping from $66,991.20 in 2013 to a low of $28,507.52 in 2019, before bouncing back to $60,859.16 in 2020. These shifts may stem from changes in local industries, employment rates, or broader economic factors, and could signal opportunities or risks for investors and real estate professionals. Similarly, inconsistent trends in state and local income taxes and... Read more
Average Taxable Income per Tax Return in Lafourche Parish, LA over the last 9 years
Over the last nine years, Lafourche Parish, Louisiana has seen a fluctuating trend in average taxable income per tax return, descending from $66,991.20 in 2013 to a low of $28,507.52 in 2019, but rebounding to $60,859.16 in 2020. This volatility could signal varying economic conditions, potentially influenced by local industry changes, employment rates, or broader economic factors. Such shifts are important for investors, real estate agents, appraisers, and insurance agents when assessing the local market's stability and predicting future trends.
Average State and Local Income Taxes Per Tax Return in Lafourche Parish, LA Over the Last 10 Years
Lafourche Parish, Louisiana has seen significant fluctuations in average state and local income taxes per tax return over the past decade. After a sharp decline from $8,932.20 in 2012 to $5,451.52 in 2016, there was a sudden surge, peaking at $11,984.80 in 2021. This variability can be crucial information for potential investors or new residents, suggesting a dynamic economic environment. Notably, the recent increases could indicate rising incomes or tax rate adjustments, impacting both living costs and investment considerations.
Average Total Tax Liability Per Tax Return in Lafourche Parish, LA Over the Last 10 Years
Over the last decade, Lafourche Parish in Louisiana has experienced significant fluctuations in average total tax liability per tax return, with a notable peak in 2013 at $14,347.16 and a low in 2019 at $9,456.36. Recent years suggest a subtle uptick, reaching $11,910.20 in 2021. This variability could interest potential investors or property developers as it may reflect dynamic economic conditions. Understanding these trends can help real estate agents and appraisers provide accurate guidance, while residents and those considering a move can better grasp potential financial obligations in the area.
Cost of Living in Lafourche Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,186 | $1,440 | $2,205 | $1,561 | $1,420 |
| 1 adult 4 children | $1,186 | $1,176 | $1,688 | $1,561 | $1,591 |
| 2 adults 3 children | $1,186 | $1,176 | $1,912 | $1,561 | $1,173 |
| 1 adult 3 children | $1,186 | $960 | $1,395 | $1,561 | $1,320 |
| 2 adults 2 children | $919 | $963 | $1,619 | $1,352 | $960 |
| 1 adult 2 children | $919 | $719 | $1,102 | $1,352 | $960 |
| 2 adults 1 child | $919 | $761 | $1,326 | $673 | $824 |
| 1 adult 1 child | $919 | $492 | $810 | $673 | $703 |
| 2 adults | $731 | $611 | $1,033 | $0 | $657 |
| 1 adult | $614 | $333 | $517 | $0 | $530 |
Safety trends & Data
Over the past five years in Lafourche Parish, Louisiana, property crime trends show fluctuating numbers, with larceny-theft consistently the most common offense, peaking at 512 cases in 2020. Burglary rates have seen spikes like 75 cases in 2019. Vandalism also remains relatively high, with 101 cases in 2020. These trends suggest variability in property crimes, which can impact insurance rates, property values, and investment prospects. Understanding these patterns is crucial for potential... Read more
Property Crime Trends in Lafourche Parish, LA Over the Last 5 Years
Over the past five years in Lafourche Parish, Louisiana, property crime trends show fluctuating numbers, with larceny-theft consistently the most common offense, peaking at 512 cases in 2020. Burglary rates appear more stable but have seen some spikes, such as 75 cases in 2019. Vandalism and stolen property cases also remain relatively high, with vandalism reaching 101 cases in 2020. These trends suggest variability in property crimes, which can impact insurance rates, property values, and investment prospects in the area. Understanding these patterns is crucial for potential investors, real estate agents, and current residents assessing the local risk factors.
Demographics
Lafourche Parish, Louisiana, shows a fairly balanced gender distribution among adults, with a slight female majority. Educational attainment indicates that while a substantial segment has only a high school diploma, a notable portion of the population has pursued higher education to some degree. Age distribution highlights a reasonably even spread, with a notable concentration in the prime working ages, 25 to 64 years. Racial demographics reveal a predominantly White population, complemented by... Read more
Race Distribution in Lafourche Parish, Louisiana (2022)
Educational Attainment in Lafourche Parish, Louisiana (2022)
Age Distribution in Lafourche Parish, Louisiana
Citizen Population in Lafourche Parish, Louisiana (2022)
Political Trends & Data
Lafourche County, Louisiana, shows a pronounced Republican preference in the 2020 U.S. Presidential Election, with almost 80% of the votes going to the Republican candidate. Democratic support was around 19%, and minor parties barely made a dent, collectively receiving less than 2% of the vote. This implies that political strategies in this area might significantly focus on appealing to Republican values and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Lafourche County, Louisiana, the 2020 U.S. Presidential Election results suggest a strong Republican preference, with nearly 80% of votes cast for the Republican candidate. The Democratic candidate garnered around 19%, while Libertarian and other minor parties collectively made up less than 2% of the vote. This could infer that political campaigning in this region might heavily lean towards appealing to Republican interests.
79.37% of voters voted for the Republican party in the 2020 Presidential Election
19.11% of voters voted for the Democrat party in the 2020 Presidential Election
0.93% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Lafourche Parish, Louisiana has fluctuated significantly over the past decade, with extreme outliers in 2015 and 2016, but recently stabilizing around 17–18 students per teacher, just above the national average of 14 students per teacher. These changes might impact property valuation, educational quality, and attractiveness for families, making them crucial for potential investors and current residents to monitor... Read more
Student-to-teacher ratio in Lafourche Parish, Louisiana over the last 10 years
The student-to-teacher ratio in Lafourche Parish, Louisiana has seen significant fluctuations over the past decade. While the national average for student-to-teacher ratios in the United States is roughly fourteen students per teacher, Lafourche Parish has experienced extreme outliers, particularly in 2015 and 2016, with values peaking at one hundred forty-seven and dropping dramatically the following year. More recently, the ratios have stabilized around seventeen to eighteen students per teacher, slightly above the national average. These changes could impact property valuation, overall educational quality, and attractiveness for families considering a move, making them crucial for potential investors, real estate professionals, and current residents to monitor.
