Madison Parish Real Estate and Livability Trends
Madison Parish, Louisiana's real estate market shows interesting trends with a noticeable rise in median home values from $61,700 in 2015 to $88,200 in 2022, capturing the attention of budget-conscious buyers and investors. Economic markers also suggest improved conditions, with average taxable income per tax return increasing from $34,574.22 in 2013 to $38,871.01 in 2021. Property crime has... Read more
Madison Parish Market Trends
Madison Parish, Louisiana, has seen its median home value rise from $61,700 in 2015 to $88,200 in 2022, which remains significantly lower than both the state and national medians. This affordability combined with increasing values may attract budget-conscious buyers and investors. Residential energy tax credits have fluctuated, peaking at $666.67 in 2021, hinting at growing interest in... Read more
Median Value of Occupied Housing Units in Madison Parish, Louisiana Over the Last 8 Years
The median value of occupied housing units in Madison Parish, Louisiana, has experienced a steady increase over the past eight years, jumping from $61,700 in 2015 to $88,200 in 2022. Despite this growth, Madison Parish's housing values still fall well below both the Louisiana state median, which reached $198,300 in 2022, and the national median of $179,400. Investors and potential homeowners might find Madison Parish an attractive option due to its relatively lower home prices, while still recognizing the area's value appreciation trend.
Residential Energy Tax Credit Per Tax Return in Madison Parish, LA Over the Last 5 Years
Over the last five years, Madison Parish, Louisiana, has seen fluctuations in the average residential energy tax credit per tax return. Starting from $366.67 in 2013, there was a notable dip to $200.00 in 2014, followed by some recovery with $300.00 in 2015 and $400.00 in 2016. By 2021, there was a significant uptick, reaching $666.67. This trend likely hints at increasing investments in energy-efficient home improvements and adaptations, which could appeal to investors, homeowners, and real estate professionals considering eco-friendly developments and cost-saving measures in Madison Parish.
Average Real Estate Taxes Per Tax Return in Madison Parish, LA Over the Last 10 Years
Over the last decade, average real estate taxes per tax return in Madison Parish, Louisiana fluctuated significantly. Starting at $1,034.62 in 2012, taxes notably increased to peaks of $1,634.62 in 2016 and $2,916.67 in 2020, before dropping sharply to $1,457.14 in 2021. This volatility could hint at varying property values and shifts in local tax policies, which matters for potential investors, homeowners, insurance agents, and real estate professionals looking for stability or planning future developments in the area.
Percentage of Farm Returns in Madison Parish, LA Over the Last 10 Years
Madison Parish, Louisiana has shown fluctuating percentages of farm returns over the last decade, generally oscillating between roughly 4.12% and 5.28%. Notable dips occurred in 2015, 2019, and 2020, with values around 4.11% to 4.21%, suggesting some variability in the agricultural sector's performance or reporting practices. These percentages indicate the proportion of eligible tax returns classified as farm income, a critical indicator for anyone considering agricultural investments, property development, or relocation to this region. The subtle annual changes might reflect broader economic conditions affecting farming profitability or shifts in local farming practices and policies.
Number of Mortgages by Occupancy Type in Madison Parish, LA Over the Last 5 Years in Madison Parish
In Madison Parish, Louisiana, mortgage trends over the last five years are showing relatively stable numbers for principal residences, fluctuating dramatically for investment properties, and generally low for second residences. For investors, the decrease in investment property mortgages—from 19 in 2018 to just 13 in 2022—could signal shifting market conditions or profitability concerns. Principal residences remain a strong, stable category, peaking in 2021 at 150 before adjusting to 115 in 2022. Second residences continue to be a minor segment, peaking at 7 in 2018 but down to 4 in 2022. This variation in occupancy type suggests potential volatility in the investment property market, which might influence decisions for prospective investors, developers, and insurers looking at risk assessment in this region.
Economic Outlook
Madison Parish, Louisiana shows a varying real estate market indicated by fluctuating economic markers. Between 2013 and 2021, average taxable income per tax return rose from $34,574.22 to $38,871.01, hinting at possibly better economic conditions that might intrigue investors. State and local income taxes also shifted, peaking notably at $5,212.50 in 2020, suggesting changing economic conditions or tax policies that could influence financial planning. Total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Madison Parish, LA over the last 9 years
Madison Parish, Louisiana has seen a fluctuating trend in average taxable income per tax return over the past nine years, with a notable increase from $34,574.22 in 2013 to $38,871.01 in 2021. Despite minor dips around the mid-2010s, the overall upward trajectory might suggest improving economic conditions, making the area potentially interesting for investors and real estate agents. For appraisal purposes, this could indicate a gradual increase in property values, while insurance agents might consider the economic growth when assessing risk and premiums.
Average State and Local Income Taxes Per Tax Return in Madison Parish, LA Over the Last 10 Years
Over the past decade, Madison Parish, Louisiana, has seen quite a fluctuation in state and local income taxes per tax return. From a low of approximately $3,218.18 in 2014 to a notable peak of about $5,212.50 in 2020, the variation suggests changing economic conditions and possibly shifting income base or tax policies. For potential investors, residents, and property developers, understanding these trends could be crucial in financial planning or assessing the area's economic health. The significant spike around 2018-2020 might particularly indicate broader fiscal changes that are worth investigating.
Average Total Tax Liability Per Tax Return in Madison Parish, LA Over the Last 10 Years
Madison Parish, Louisiana has seen fluctuating yet significant changes in average total tax liability per tax return over the past decade. Starting at around $5,912.24 in 2012, there was a notable decline reaching approximately $4,868.75 by 2015. However, the trend shifted upward in subsequent years, with liabilities edging closer to $5,586.27 by 2021. This dynamic landscape may impact potential investors, real estate agents, and property developers, signaling shifts in the economic environment and influencing financial decisions tied to property and business investments in the area.
Cost of Living in Madison Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,404 | $2,335 | $1,043 | $1,123 |
| 1 adult 4 children | $1,026 | $1,146 | $1,790 | $1,043 | $1,206 |
| 2 adults 3 children | $1,026 | $1,147 | $2,024 | $1,043 | $870 |
| 1 adult 3 children | $1,026 | $936 | $1,479 | $1,043 | $937 |
| 2 adults 2 children | $740 | $939 | $1,713 | $911 | $744 |
| 1 adult 2 children | $740 | $701 | $1,168 | $911 | $659 |
| 2 adults 1 child | $740 | $742 | $1,402 | $484 | $685 |
| 1 adult 1 child | $740 | $479 | $856 | $484 | $548 |
| 2 adults | $566 | $596 | $1,090 | $0 | $570 |
| 1 adult | $563 | $325 | $545 | $0 | $479 |
Safety trends & Data
Madison Parish, Louisiana, has experienced a significant decline in property crime over the past five years, making it potentially more appealing to future residents and real estate investors. Burglary rates have dropped from 16.0 in 2019 to 4.0 in 2022, and larceny-theft incidents fell markedly from 32.0 to 2.0 in the same period. Vandalism has also decreased, albeit more gradually, from 18.0 to 6.0. This trend could indicate a growing sense of security in the area, enhancing its... Read more
Property Crime Trends in Madison Parish, LA Over the Last 5 Years
Over the past five years, Madison Parish, Louisiana has seen a notable fluctuation in property crime trends. Burglary rates have steadily decreased from 16.0 in 2019 to just 4.0 in 2022, while larceny-theft, which registered 32.0 in 2019, dropped dramatically to 2.0 in 2022. Vandalism also shows a declining trend, albeit less steeply, from 18.0 in 2019 to 6.0 in 2022. The data suggests that the overall property crime situation has improved, which could be appealing to potential investors, property developers, and residents considering the area.
Demographics
Madison Parish sees a slightly higher number of females compared to males. Educational attainment reveals that a significant portion of the adult population holds just a high school diploma, while a relatively minimal percentage have advanced degrees. Age-wise, there's a spread across various groups, with a noticeable presence of kids under 10 and a smaller contingent of those over 75. Racial demographics are predominated by Black or African American residents, followed by a substantial White... Read more
Race Distribution in Madison Parish, Louisiana (2022)
Educational Attainment in Madison Parish, Louisiana (2022)
Age Distribution in Madison Parish, Louisiana
Citizen Population in Madison Parish, Louisiana (2022)
Political Trends & Data
In Madison County, Louisiana, the Democratic Party appeared to have a strong advantage in the 2020 U.S. Presidential Election, capturing around 57% of the vote, compared to the Republicans' 41%. Minor parties such as the Libertarians did not make a significant impact, hinting at a predominant two-party structure. This voting pattern potentially highlights a solid Democratic voter base in the county, which might influence political dynamics and local... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Madison County, Louisiana, the Democratic party potentially held a notable lead in the 2020 U.S. Presidential Election with roughly 57% of the vote share compared to the 41% garnered by Republicans. Smaller parties like the Libertarians and other candidates seemed to have barely made a dent, possibly reflecting the county's dominant two-party system. This trend could indicate a relatively strong Democratic presence or voter preference within the county during that election cycle.
41.33% of voters voted for the Republican party in the 2020 Presidential Election
56.83% of voters voted for the Democrat party in the 2020 Presidential Election
0.49% of voters voted for the Livertarian party in the 2020 Presidential Election
1.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
API... Read more
Student-to-teacher ratio in Madison Parish, Louisiana over the last 10 years
Over the past decade, Madison Parish, Louisiana has experienced significant fluctuations in its student-to-teacher ratio, peaking at high points in 2019 and 2021 with ratios surpassing 20 students per teacher, well above the national average of 14. This variability could indicate challenges in maintaining consistent staffing levels or changes in student enrollment. These trends may suggest potential instability or growth opportunities, impacting decisions for investors, real estate agents, appraisers, and insurance agents. For families considering moving to the area, it's essential to consider how these fluctuations could affect the quality of education. Lower ratios in recent years, such as 2023's ratio of around 15, might represent a strengthening or stabilization phase, potentially appealing to those valuing smaller class sizes.
