Orleans Parish Real Estate and Livability Trends
Orleans Parish, Louisiana, has seen a rise in average taxable income per tax return, peaking at $85,661.72 in 2021, suggesting economic stability that may attract investors and new residents. Median home values have surged from $192,400 in 2015 to $281,500 in 2022, with real estate taxes increasing from $3,887.43 in 2012 to $7,033.08 in 2021, indicating higher property values and fiscal burdens.... Read more
Orleans Parish Market Trends
Orleans Parish, Louisiana, has experienced a notable surge in median home values, rising from $192,400 in 2015 to $281,500 in 2022, outpacing both state and national figures. Residential energy tax credits have seen significant fluctuations, with peaks in 2015 and 2018 and a sharp drop in 2016, pointing to potential policy changes or variable energy efficiency incentives. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Orleans Parish, Louisiana Over the Last 8 Years
Orleans Parish in Louisiana has seen its median home values surge from $192,400 in 2015 to $281,500 in 2022. Comparatively, Louisiana's state median values grew from $144,100 to $198,300 over the same period, while the national figures rose from $125,500 to $179,400. This significant increase in Orleans Parish suggests that it may be a particularly attractive area for both potential homebuyers and investors, standing out with a more rapid appreciation in property values compared to state and national trends.
Residential Energy Tax Credit Per Tax Return in Orleans Parish, LA Over the Last 9 Years
Orleans Parish, Louisiana, has seen significant fluctuations in average residential energy tax credits over the past nine years. The credit spiked notably in 2015 at $1774.11 and 2018 at $1928.57 but saw a dramatic drop in 2016 to $932.72. The trends suggest potential volatility or changes in policy affecting energy efficiencies or tax incentives. For those looking to invest in or develop property, the variation may hint at evolving environmental standards or fiscal policies. Insurance agents and real estate professionals should be aware of these shifts, as they could influence property valuations and premiums.
Average Real Estate Taxes Per Tax Return in Orleans Parish, LA Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Orleans Parish, Louisiana, have shown a consistent upward trend. From $3,887.43 in 2012 to $7,033.08 in 2021, these increases could impact decisions for potential investors, homeowners, and real estate professionals, indicating a rising fiscal burden that should be factored into financial evaluations and planning in the area. This growth trajectory in tax obligations may influence property values, insurance premiums, and overall affordability, potentially shaping the economic and real estate landscape in Orleans Parish.
Percentage of Farm Returns in Orleans Parish, LA Over the Last 10 Years
Over the last decade, Orleans Parish, Louisiana has seen some fluctuation in the percentage of farm tax returns, generally hovering around 0.14% to 0.13%. A notable dip occurred in 2020, when the percentage dropped to approximately 0.09%. Farm tax returns, which indicate filings from individuals or entities reporting income from agricultural activity, are relatively minor in this urban locale compared to more rural areas. This matters for potential investors or property developers as it hints at limited agricultural activity, suggesting a focus on more urban centric investments might be prudent. Those interested in agriculture may find better opportunities outside parochial settings.
Number of Mortgages by Occupancy Type in Orleans Parish, LA Over the Last 5 Years in Orleans Parish
Over the past five years, Orleans Parish, Louisiana has shown varying trends in mortgage counts based on the type of occupancy. Principal Residence mortgages consistently dominate, peaking in 2021 with 19,100 accounts, signaling a robust demand for primary homes. Investment Property mortgages have seen a steady rise, highlighting growing investor interest, while Second Residence mortgages have relatively low and fluctuated numbers, possibly reflecting dynamic vacation home market conditions. These patterns matter to investors and real estate agents as they suggest where demand is intensifying and where there might be opportunities or risks. Appraisers and insurance agents should also note these trends to adjust valuations and risk assessments accordingly.
Economic Outlook
Over the past nine years, Orleans Parish, Louisiana has seen a rise in average taxable income per tax return, peaking at $85,661.72 in 2021, with significant jumps in 2014, 2017, and between 2020 and 2021. This indicates potential economic stability, appealing to investors and relocators. Additionally, the average state and local income taxes per tax return peaked in 2021 at $14,781.68, reflecting possibly higher incomes or property values, which could influence new resident decisions. The... Read more
Average Taxable Income per Tax Return in Orleans Parish, LA over the last 9 years
Over the past nine years, Orleans Parish, Louisiana has seen a significant rise in average taxable income per tax return, peaking in 2021 at $85,661.72. Early years displayed a more moderate growth, with notable upticks in 2014 and 2017. The most substantial jump occurred between 2020 and 2021, suggesting possible economic changes or an influx in higher-income residents. These trends may suggest improved economic stability, appealing to investors and those considering relocating to the area. For real estate agents, appraisers, and insurance agents, this rising taxable income could indicate a robust market with potential for sustained growth.
Average State and Local Income Taxes Per Tax Return in Orleans Parish, LA Over the Last 10 Years
Over the past decade, Orleans Parish, Louisiana, has experienced a noticeable increase in average state and local income taxes per tax return, peaking at $14,781.68 in 2021. This upward trend, particularly sharp post-2017, could be indicative of rising incomes or property values, potentially attracting or deterring new residents and investors based on tax liabilities. For developers and real estate investors, understanding these trends may help gauge the economic climate and forecast potential profitability in the region.
Average Total Tax Liability Per Tax Return in Orleans Parish, LA Over the Last 10 Years
In Orleans Parish, Louisiana, average total tax liability per tax return has shown moderate fluctuations over the past decade. While 2012 started with an average liability of approximately $13,844.35, followed by slight dips and rises, the most noticeable spike occurs in 2021, reaching around $18,672.14. This volatility in tax liability might be indicative of various economic impacts or local policy changes, which could influence decisions for investors, developers, and residents considering financial commitments in the area.
Cost of Living in Orleans Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,539 | $1,669 | $2,066 | $1,469 | $1,477 |
| 1 adult 4 children | $1,539 | $1,363 | $1,581 | $1,469 | $1,637 |
| 2 adults 3 children | $1,539 | $1,363 | $1,792 | $1,469 | $1,218 |
| 1 adult 3 children | $1,539 | $1,113 | $1,307 | $1,469 | $1,361 |
| 2 adults 2 children | $1,193 | $1,116 | $1,518 | $1,280 | $967 |
| 1 adult 2 children | $1,193 | $834 | $1,033 | $1,280 | $982 |
| 2 adults 1 child | $1,193 | $882 | $1,244 | $665 | $860 |
| 1 adult 1 child | $1,193 | $570 | $759 | $665 | $720 |
| 2 adults | $1,012 | $709 | $970 | $0 | $685 |
| 1 adult | $856 | $387 | $485 | $0 | $541 |
Safety trends & Data
Over the past five years, property crime trends in Orleans Parish, Louisiana, have fluctuated across different categories. Burglary cases peaked in 2019 at 991 but decreased to 610 by 2022. Larceny-theft dropped significantly from 2,193 in 2018 to 1,317 in 2022. Motor vehicle theft remained relatively stable with a slight rise from 102 in 2020 to 135 in 2022, while arson increased notably from 13 in 2018 to 36 in 2022, indicating potential emerging risks. These trends might be crucial for real... Read more
Property Crime Trends in Orleans Parish, LA Over the Last 5 Years
Over the past five years, property crime trends in Orleans Parish, Louisiana, have shown fluctuating figures across various crime categories. For example, burglary cases peaked in 2019 at 991 but have since decreased to 610 by 2022. Larceny-theft, while initially high, significantly dropped from 2193 in 2018 to 1317 in 2022. Motor vehicle theft has remained relatively stable with a slight increase from 102 in 2020 to 135 in 2022. Arson has seen a noticeable increase, going from 13 in 2018 to 36 in 2022, suggesting possible emerging risks. These trends may be pivotal for real estate investors, insurance agents, and prospective residents when evaluating the safety and stability of the area.
Demographics
Orleans Parish, Louisiana, shows a varied demographic profile. While the population leans slightly female, the racial distribution highlights a majority Black or African American community, making up roughly twice the size of the White population. Education-wise, there's a notable split with a large portion attaining high school diplomas and some college education, yet educational attainment drops sharply at higher levels, possibly reflecting broader socio-economic challenges. When examining... Read more
Race Distribution in Orleans Parish, Louisiana (2022)
Educational Attainment in Orleans Parish, Louisiana (2022)
Age Distribution in Orleans Parish, Louisiana
Citizen Population in Orleans Parish, Louisiana (2022)
Political Trends & Data
In Orleans Parish, Louisiana, around 83% of voters supported the Democratic candidate in the 2020 Presidential Election, reflecting urban areas' typical leaning towards Democrats. This Democratic dominance roughly aligns with the voting patterns seen in many U.S. cities. Republican support was significantly less, at approximately 15%, while third-party candidates barely made a dent with just over 1% of the vote. These trends could have implications for local policies and community planning,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Orleans Parish, Louisiana, exhibited a strong Democratic preference in the 2020 U.S. Presidential Election, with approximately 83% of voters selecting the Democratic candidate. This trend likely reflects broader urban voting patterns seen nationwide, where cities often lean more heavily Democratic. The Republican share was markedly lower, around 15%, while third-party candidates garnered minimal support, collectively earning just over 1% of the vote.
15.00% of voters voted for the Republican party in the 2020 Presidential Election
83.15% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.95% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Orleans Parish, Louisiana, the student-to-teacher ratio peaked at 21 in 2019 and, although it has since dropped slightly, it remains high at 18 in 2023 compared to the national average of 14. These educational statistics may influence the decisions of potential movers, investors, or developers, as they can reflect on the perceived quality of education and available resources. For real estate agents, these numbers might be either a key selling point or a concern, especially for families who... Read more
Student-to-teacher ratio in Orleans Parish, Louisiana over the last 10 years
In Orleans Parish, Louisiana, the student-to-teacher ratio has fluctuated over the last decade, peaking at 21 students per teacher in 2019, which is significantly above the national average of 14. While it dropped slightly in subsequent years, it remains relatively high at 18 students per teacher in 2023. These trends could influence the decisions of potential movers, investors, or developers, as higher ratios might reflect on the quality of education and available resources. For real estate agents, these numbers can serve as a key selling point or concern, particularly for families prioritizing educational quality. Appraisers and insurance agents might also take note since these educational metrics can correlate with neighborhood desirability and property values.
