Ouachita Parish Real Estate and Livability Trends
Ouachita Parish, Louisiana is seeing growing economic stability, with an average taxable income per tax return up to $63,554.44 in 2021, attracting property investors. The rise in state and local income taxes to $11,391.03 hints at economic or policy changes. Despite median home values increasing by $49,500 over a decade, the area remains relatively affordable. Real estate taxes jumping to over... Read more
Ouachita Parish Market Trends
Over the last decade, the median home value in Ouachita Parish, Louisiana, rose by $49,500 from $123,300 to $172,800, suggesting a consistent and more affordable housing market compared to state and national averages. Energy tax credits in the area have demonstrated significant volatility, potentially driven by economic conditions or policy changes, with an average credit plummeting from $1030.11... Read more
Median Value of Occupied Housing Units in Ouachita Parish, Louisiana Over the Last 8 Years
From 2015 to 2022, the median home value in Ouachita Parish, Louisiana, increased by approximately $49,500, from $123,300 to $172,800. In comparison, the state of Louisiana saw a steeper increase of $54,200, with median values rising from $144,100 to $198,300. Nationally, the median home value surged by $53,900, from $125,500 in 2015 to $179,400 in 2022. This suggests that while Ouachita Parish's housing market demonstrates consistent growth, it remains slightly more affordable relative to broader state and national trends, potentially offering attractive investment opportunities for homebuyers seeking lower entry costs in a market with upward momentum.
Residential Energy Tax Credit Per Tax Return in Ouachita Parish, LA Over the Last 9 Years
Over the past nine years in Ouachita Parish, Louisiana, the average residential energy tax credit per tax return has displayed significant volatility. While 2013 saw credits averaging around $1030.11, 2016 experienced a dip to roughly $493.22, and 2018 peaked notably at approximately $1514.29. These fluctuations suggest that investments in energy-efficient upgrades and corresponding incentives have varied, potentially reflecting economic conditions, policy changes, or shifts in resident behavior. For investors, appraisers, and real estate professionals, understanding these trends can be crucial for making informed decisions about project viability and property valuation.
Average Real Estate Taxes Per Tax Return in Ouachita Parish, LA Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Ouachita Parish, Louisiana have seemingly shown a consistent upward trajectory. Starting from approximately $1,686.81 in 2012 and surpassing $3,203.63 by 2021, the tax burden may be seen as gradually increasing, which could potentially indicate rising property values or changes in tax policy. Notably, there was a sharp increase around 2018 and 2019, jumping to $2,685.19 and then $3,017.24 respectively. This trend might suggest a growing local economy or increased demand for real estate, factors likely of interest for investors, real estate agents, and those considering relocating to the area.
Percentage of Farm Returns in Ouachita Parish, LA Over the Last 10 Years
Over the last decade in Ouachita Parish, Louisiana, farm tax returns have shown a fairly consistent yet marginally fluctuating trend. The highest percentage, reaching around 1.14%, occurred in 2017, with a dip to approximately 1.01% seen in 2019. These numbers suggest that agriculture remains a relatively stable but small sector within the local economy. For those eyeing this locale for investment or development, the steady presence of farm returns might indicate reliable, albeit limited, agricultural activity, adding a layer of economic diversity.
Number of Mortgages by Occupancy Type in Ouachita Parish, LA Over the Last 5 Years in Ouachita Parish
In Ouachita Parish, Louisiana, the number of mortgages for principal residences has generally been significantly higher than for investment and second properties over the past five years, with notable peaks in 2020 and 2021. For investors and developers, the trends in occupancy type could impact market strategies, as principal residences dominate the landscape while investment properties, despite being fewer, show slight growth fluctuations. This dynamic can influence appraisals, insurance underwriting, and decisions on where and what type of property to develop or market, as the demand for primary homes often dictates broader economic and infrastructural trends in the region.
Economic Outlook
Ouachita Parish, Louisiana has seen an upward trend in average taxable income per tax return, peaking at $63,554.44 in 2021. This steady rise suggests growing economic stability, potentially attractive for property investors and real estate professionals. The notable increase in state and local income taxes, soaring from $4,873.27 in 2012 to $11,391.03 in 2021, highlights possible economic or policy shifts. Fluctuations in total tax liability, peaking around $11,050.52 in 2021, indicate a... Read more
Average Taxable Income per Tax Return in Ouachita Parish, LA over the last 9 years
Average taxable income per tax return in Ouachita Parish, Louisiana shows a generally upward trend over the past nine years, peaking in 2021 at $63,554.44. This steady increase suggests a growing economic stability in the region, which could be enticing for potential property investors and real estate professionals. The notable jump in 2021 may indicate recent economic improvements or policy changes affecting local incomes. This trend could influence appraisals, insurance policies, and property development plans, hinting at a burgeoning market worth keeping an eye on.
Average State and Local Income Taxes Per Tax Return in Ouachita Parish, LA Over the Last 10 Years
There's been a noticeable upward trend in the average state and local income taxes per tax return in Ouachita Parish, Louisiana over the last decade. Starting at around $4,873.27 in 2012, it has surged to nearly $11,391.03 by 2021. This significant increase, especially post-2017, suggests economic shifts or policy changes that potential residents and investors should be aware of. For those looking to move to or invest in this parish, understanding these tax trends can inform financial planning and expectations.
Average Total Tax Liability Per Tax Return in Ouachita Parish, LA Over the Last 10 Years
Over the past decade, Ouachita Parish, Louisiana, has experienced a noticeable fluctuation in average total tax liability per tax return. Starting at approximately $8,592.25 in 2012, the value peaked at around $11,050.52 in 2021, with intermittent highs and lows in between. Such variations may reflect shifts in local economic conditions, income levels, or changes in tax policies. For those interested in the area's financial landscape—whether for investment, real estate, or insurance purposes—these trends highlight a potentially dynamic economic environment worth monitoring closely.
Cost of Living in Ouachita Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,112 | $1,375 | $2,372 | $1,342 | $1,257 |
| 1 adult 4 children | $1,112 | $1,123 | $1,817 | $1,342 | $1,365 |
| 2 adults 3 children | $1,112 | $1,124 | $2,057 | $1,342 | $998 |
| 1 adult 3 children | $1,112 | $917 | $1,502 | $1,342 | $1,099 |
| 2 adults 2 children | $897 | $920 | $1,741 | $1,177 | $860 |
| 1 adult 2 children | $897 | $687 | $1,186 | $1,177 | $830 |
| 2 adults 1 child | $897 | $727 | $1,425 | $641 | $777 |
| 1 adult 1 child | $897 | $470 | $870 | $641 | $651 |
| 2 adults | $681 | $584 | $1,110 | $0 | $612 |
| 1 adult | $677 | $319 | $555 | $0 | $528 |
Safety trends & Data
In Ouachita Parish, Louisiana, property crimes have seen notable fluctuations over the past five years. Burglary cases surged to 213 in 2022 from 129 in 2018, while larceny-theft reached 986 instances in 2022 after hitting a low of 655 in 2021. Vandalism increased up to 243 cases in 2021 before settling at 205 in 2022. Though less frequent, forgery and counterfeiting incidents spiked to 16 cases in both 2019 and 2022. These trends could be pivotal for potential investors, property developers,... Read more
Property Crime Trends in Ouachita Parish, LA Over the Last 5 Years
Over the past five years in Ouachita Parish, Louisiana, property crimes have shown notable fluctuations. Burglary, larceny-theft, and motor vehicle theft are among the highest, with burglary surging to 213 cases in 2022 from 129 in 2018. Larceny-theft, though varying, peaked at 986 instances in 2022 despite a low of 655 in 2021. Vandalism also exhibited an upward trend, reaching 243 cases in 2021 before settling at 205 in 2022. Meanwhile, forgery and counterfeiting, although less frequent, saw a spike to 16 incidents in both 2019 and 2022. These patterns could be pivotal for potential investors, property developers, and insurance agents assessing risk and market stability in the region.
Demographics
Ouachita Parish, Louisiana reveals a notable gender imbalance favoring females within its adult population. Educational attainment levels vary significantly, with a substantial portion of adults holding only a high school diploma or some college experience, though fewer have advanced degrees. Age distribution indicates a diverse range of age groups, highlighting a relatively younger demographic with substantial populations in both under-10 and 25-34 age brackets. In terms of race, the area... Read more
Race Distribution in Ouachita Parish, Louisiana (2022)
Educational Attainment in Ouachita Parish, Louisiana (2022)
Age Distribution in Ouachita Parish, Louisiana
Citizen Population in Ouachita Parish, Louisiana (2022)
Political Trends & Data
Ouachita County in Louisiana showed a notable preference for the Republican party in the 2020 U.S. Presidential Election, potentially capturing around 61% of the vote, while Democrats might have received about 37%. Libertarians and other minor parties hardly made a dent, with less than 1% of the vote each. This data indicates a primarily two-party competition, heavily favoring Republicans but still significant Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ouachita County in Louisiana exhibited a significant lean towards the Republican party during the 2020 U.S. Presidential Election, with Republicans potentially capturing around 61% of the vote. Democrats might have garnered about 37%, indicating a clear Republican preference but still showing a notable Democratic presence. Libertarians and other parties had minimal impact, with Libertarians obtaining just under 1% and other minor parties barely registering. This trend suggests a predominantly two-party competition with a strong inclination towards the Republican side.
61.09% of voters voted for the Republican party in the 2020 Presidential Election
37.46% 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
0.54% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ouachita Parish in Louisiana has experienced significant shifts in student-to-teacher ratios in recent years, climbing from around 13 students per teacher in 2016 to nearly 18 in 2023. This trend may influence classroom dynamics, educational outcomes, and teacher workload. For potential investors, real estate agents, and those considering relocation, these changes could signal evolving educational quality, potentially affecting property values and community... Read more
Student-to-teacher ratio in Ouachita Parish, Louisiana over the last 10 years
Over the last decade, Ouachita Parish in Louisiana has seen fluctuations in its student-to-teacher ratios, with notable increases in recent years. In 2014, the ratio was almost 15 students per teacher, relatively close to the national average of 14. However, this figure dipped to approximately 13 in 2016 before climbing steadily, reaching about 18 in 2023. Such changes in student-to-teacher ratios could affect classroom dynamics, educational outcomes, and teacher workload. Potential investors, real estate agents, and those considering relocation might view these trends as indicators of evolving educational quality, impacting property values and community appeal.
