Lincoln Parish Real Estate and Livability Trends
Lincoln Parish, Louisiana has generally shown an upward trend in average taxable income, which could signal economic resilience and growing affluence, key for real estate stakeholders. Median home values have steadily risen, from $126,100 in 2015 to $184,300 in 2022, potentially indicating increased local housing demand. Property crime rates have shown a mixed trend, with significant decreases in... Read more
Lincoln Parish Market Trends
Lincoln Parish has seen a steady rise in median home values from $126,100 in 2015 to $184,300 in 2022, suggesting a potential surge in local housing demand. Residential energy tax credits have fluctuated, peaking notably at $770.83 in 2014 and $1,412.50 in 2018, impacting energy-efficient property investments. Real estate taxes have increased from approximately $1,643.67 in 2012 to around... Read more
Median Value of Occupied Housing Units in Lincoln Parish, Louisiana Over the Last 8 Years
Lincoln Parish has seen a steady rise in median home values from $126,100 in 2015 to $184,300 in 2022. This local housing price growth, from just below national levels in 2015 to well above by 2022, might hint at a developing demand. Comparatively, Louisiana's overall median value also showed an increase but started higher and ended at $198,300, suggesting that while Lincoln Parish is catching up, there remains value for potential investors or new residents seeking affordability within close proximity to State averages.
Residential Energy Tax Credit Per Tax Return in Lincoln Parish, LA Over the Last 9 Years
Over the past nine years, Lincoln Parish, Louisiana has seen fluctuating averages in residential energy tax credits per tax return. Notable spikes were in 2014 and 2018, peaking at $770.83 and $1,412.50 respectively. Despite these highs, years like 2016 marked lower averages around $571.43. Overall, the credit amount has varied, influencing both potential savings for residents on energy-efficient investments and impacting decisions around property investments and energy upgrades. Investors and real estate agents might find these fluctuations indicative of broader economic conditions and homeowner incentives in the area.
Average Real Estate Taxes Per Tax Return in Lincoln Parish, LA Over the Last 10 Years
Over the last decade in Lincoln Parish, Louisiana, average real estate taxes per tax return have shown a steady upward trend, beginning at approximately $1,643.67 in 2012 and climbing to around $2,865.66 by 2021. Notably, there were more significant increases beginning in 2016, with the average reaching $1,855.70 and peaking in 2020 at $2,794.90. This trend could suggest increasing property values or changes in tax rates, which might impact decisions for investors, potential movers, and real estate professionals in the area.
Percentage of Farm Returns in Lincoln Parish, LA Over the Last 10 Years
In Lincoln Parish, Louisiana, farm tax returns have shown a gradual increase over the last decade. In 2012, the percentage was around 2.20%, and by 2021, it had risen to approximately 2.77%. Farm tax returns indicate the proportion of tax filings that are from agricultural activities, reflecting that farming could be becoming a more significant economic activity in the parish. This may suggest potential growth opportunities for investment or development in agricultural ventures or related businesses. For anyone considering moving to or investing in Lincoln Parish, it's worth noting this trend alongside the steady increase in agricultural activity.
Number of Mortgages by Occupancy Type in Lincoln Parish, LA Over the Last 5 Years in Lincoln Parish
Over the last five years in Lincoln Parish, Louisiana, there appears to be a notable trend in the number of mortgages by occupancy type. Principal residences consistently dominate the mortgage counts, peaking in 2020 with 1,975 mortgages. Investment properties and second homes show much smaller, yet fairly stable figures, with investment property mortgages slightly decreasing from 297 in 2020 to 216 in 2022. These shifts might matter because they reflect changing housing demands and investment patterns, influencing local real estate markets and insurance risks. For potential investors, understanding these trends helps in forecasting rental demand, while appraisers and insurance agents could better evaluate property values and risk profiles. Real estate agents and builders might use this data for more targeted marketing and development strategies.
Economic Outlook
Lincoln Parish, Louisiana has generally seen an upward trend in average taxable income, beginning at approximately $53,426.46 in 2013 and peaking notably at $69,495.53 in 2021. Despite some dips in 2019 and 2020, this could indicate economic resilience and growing affluence, key for real estate stakeholders. Average state and local income taxes in the region have spiked from $4,827.48 in 2012 to $10,947.17 in 2021, illustrating a dynamic fiscal environment that may impact investment strategies.... Read more
Average Taxable Income per Tax Return in Lincoln Parish, LA over the last 9 years
Over the past nine years, the average taxable income per tax return in Lincoln Parish, Louisiana has seen a general upward trend with some fluctuations. Starting around $53,426.46 in 2013, there was a steady increase to $61,686.05 by 2018. However, there was a slight dip in 2019 and 2020, dropping to $59,074.23 and $56,138.08 respectively. Notably, 2021 saw a significant spike, reaching up to $69,495.53, potentially indicating a rebound or economic growth in the area. This trend can be a key indicator for real estate agents, appraisers, and investors eyeing Lincoln Parish as it suggests a relatively healthy, albeit somewhat volatile, economic environment.
Average State and Local Income Taxes Per Tax Return in Lincoln Parish, LA Over the Last 10 Years
Tax returns in Lincoln Parish, Louisiana, have shown a noticeable increase in average state and local income taxes over the past decade. What started at around $4,827.48 in 2012 has more than doubled to $10,947.17 by 2021. Significant jumps occurred in 2018 and 2020, suggesting fluctuating fiscal policies or economic conditions. These shifts matter for potential investors and prospective residents, hinting at Lincoln Parish's evolving economic landscape and possibly impacting decisions related to financial planning and property investment.
Average Total Tax Liability Per Tax Return in Lincoln Parish, LA Over the Last 10 Years
The average total tax liability per tax return in Lincoln Parish, Louisiana has shown fluctuations over the past decade, peaking at $12,807.33 in 2021 and reaching its lowest at $9,377.61 in 2020. This variability may reflect changes in local economic conditions, tax policy, and income levels. Notably, there was a substantial increase from $9,463.98 in 2012 to $12,807.33 in 2021, suggesting an overall upward trend. This insight is critical for investors, real estate agents, and potential movers evaluating the area's financial climate and potential tax burdens.
Cost of Living in Lincoln Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,050 | $1,436 | $2,335 | $1,043 | $1,176 |
| 1 adult 4 children | $1,050 | $1,172 | $1,790 | $1,043 | $1,293 |
| 2 adults 3 children | $1,050 | $1,173 | $2,024 | $1,043 | $937 |
| 1 adult 3 children | $1,050 | $958 | $1,479 | $1,043 | $997 |
| 2 adults 2 children | $805 | $960 | $1,713 | $911 | $793 |
| 1 adult 2 children | $805 | $717 | $1,168 | $911 | $732 |
| 2 adults 1 child | $805 | $759 | $1,402 | $484 | $733 |
| 1 adult 1 child | $805 | $490 | $856 | $484 | $599 |
| 2 adults | $663 | $610 | $1,090 | $0 | $626 |
| 1 adult | $538 | $332 | $545 | $0 | $494 |
Safety trends & Data
Lincoln Parish, Louisiana has witnessed diverse trends in property crime. Burglary incidents have largely decreased, dropping from 94 in 2018 to 32 in 2022, while larceny-theft has seen a noticeable increase, hitting 290 in 2022 up from 184 in 2018. Vandalism peaked in 2021 at 73 incidents but has generally stayed high. Motor vehicle thefts have remained low but steady. Investors and real estate agents could leverage these insights to emphasize security features, and insurance agents might... Read more
Property Crime Trends in Lincoln Parish, LA Over the Last 5 Years
Lincoln Parish, Louisiana has seen varied trends in property crime over the past five years. The number of burglary incidents has mostly decreased, falling from 94 in 2018 to 32 in 2022. However, larceny-theft showed a fluctuating but significant increase, peaking at 290 in 2022 from 184 in 2018. Vandalism incidents spiked in 2021 at 73 but have generally remained high. Motor vehicle theft occurrences have been relatively low but steady. This fluctuating landscape highlights opportunities for investors and real estate agents to focus on security features as value-adds, while insurance agents might gauge potential risks effectively.
Demographics
Lincoln Parish, Louisiana, exhibits a slightly higher female population compared to males. The adult demographic shows a strong presence of individuals with at least a high school diploma, with a notable percentage having some college education or higher degrees. The parish's age distribution is skewed toward the young adult segment (20-24 years), reflecting potential trends in higher education or employment opportunities. The racial composition is predominantly White and Black or African... Read more
Race Distribution in Lincoln Parish, Louisiana (2022)
Educational Attainment in Lincoln Parish, Louisiana (2022)
Age Distribution in Lincoln Parish, Louisiana
Citizen Population in Lincoln Parish, Louisiana (2022)
Political Trends & Data
In Lincoln County, Louisiana, the real estate market may be influenced by local political leanings, with around 59% of voters favoring Republicans in the 2020 Presidential Election and 39% leaning Democratic. This political landscape could impact property values, community developments, and investment decisions, given the potentially differing priorities and policies of the dominant parties. Third parties hold minimal sway, hinting at a stable two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lincoln County, located in Louisiana, saw a noticeable lean towards the Republican party in the 2020 U.S. Presidential Election with approximately 59% of the vote. The Democratic party garnered about 39%, while smaller parties like the Libertarians and Others collectively contributed just over 2%. These figures suggest a strong two-party dominance, with third parties gaining minimal traction.
58.68% of voters voted for the Republican party in the 2020 Presidential Election
39.22% of voters voted for the Democrat party in the 2020 Presidential Election
1.43% of voters voted for the Livertarian party in the 2020 Presidential Election
0.67% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lincoln Parish, Louisiana has seen student-to-teacher ratios vary over the past decade, with lows around twelve from 2016 to 2017 but rising to roughly 16 students per teacher since 2018, surpassing the national average. These trends could signal changes in classroom sizes and potentially education quality, crucial for families with school-aged children and could influence property... Read more
Student-to-teacher ratio in Lincoln Parish, Louisiana over the last 10 years
Over the past decade, Lincoln Parish, Louisiana has seen fluctuations in its student-to-teacher ratios. From 2014 to 2017, the ratio dipped below the national average of 14 students per teacher, with notable lows around twelve from 2016 to 2017. However, from 2018 onward, the ratios have consistently hovered around 16 students per teacher, surpassing the national average. For potential investors, real estate agents, and those moving to the area, these trends could imply changes in classroom sizes and possibly the quality of education over time, factors that are significant for families with school-aged children and could influence property values.
