Rapides Parish Real Estate and Livability Trends
Rapides Parish, Louisiana has shown a notable increase in taxable income, rising from $51,951 in 2013 to $74,323 in 2021, along with higher state and local income taxes suggesting an improving economic environment. Median home values also surged from $125,800 in 2015 to $171,400 in 2022, highlighting potential affordability and investment opportunities. However, fluctuating poverty rates indicate... Read more
Rapides Parish Market Trends
Rapides Parish, Louisiana has seen a solid increase in median home values, jumping from $125,800 in 2015 to $171,400 in 2022, offering potential affordability compared to the state average. Real estate taxes surged significantly, growing from $1,737.37 in 2012 to $3,142.25 in 2021, especially with a huge hike around 2017-2018, suggesting rising property values and higher costs. Variability in... Read more
Median Value of Occupied Housing Units in Rapides Parish, Louisiana Over the Last 8 Years
Rapides Parish, Louisiana has shown a consistent increase in median home values over the past eight years, moving from $125,800 in 2015 to $171,400 in 2022. This trend is roughly in line with national and state growth rates, although Rapides Parish values generally trail Louisiana's state average, which rose from $144,100 in 2015 to $198,300 in 2022. For investors or prospective homeowners, Rapides Parish might offer more affordability compared to the state average, with potential for appreciation.
Residential Energy Tax Credit Per Tax Return in Rapides Parish, LA Over the Last 9 Years
Over the past nine years in Rapides Parish, Louisiana, the average residential energy tax credit per tax return experienced significant fluctuations, showcasing a highly variable trend. Peaks occurred in 2015 ($1,770.13) and 2018 ($1,677.78), while the lowest point was in 2016 ($634.38), possibly indicating shifts in energy-related investments or changes in tax policy. These shifts might inform investment decisions for property developers and appraisers, signal attractive incentives for prospective homeowners, and suggest varying levels of consumer adoption of energy-efficient technologies to insurers and real estate agents.
Average Real Estate Taxes Per Tax Return in Rapides Parish, LA Over the Last 10 Years
Real estate taxes in Rapides Parish, Louisiana have seen a steady increase over the past decade, rising from approximately $1,737.37 in 2012 to about $3,142.25 in 2021. The most notable surge occurred between 2017 and 2018, where taxes jumped by nearly 26%, reaching $2,862.88. This could be an important indicator for potential investors and homeowners, suggesting a trend of increasing property values and potentially higher carrying costs. For appraisers and insurance agents, it indicates a growing taxable base, which may impact property valuations and insurance premiums. Real estate agents might leverage this data to advise clients on both the historical and projected financial commitments associated with property ownership in this parish.
Percentage of Farm Returns in Rapides Parish, LA Over the Last 10 Years
The percentage of farm tax returns in Rapides Parish, Louisiana has seen gradual changes over the last decade. Starting at 1.47% in 2012, it experienced slight increases, peaking at around 1.70% in 2017 before leveling off to approximately 1.68% in 2021. Farm tax returns, which represent tax filings related to agricultural activities, play a crucial role in gauging the financial health and trends within the farming community of the area. This is particularly important for investors, potential residents, and developers interested in understanding the viability and stability of agricultural operations in Rapides Parish. This trend may suggest relatively stable yet modest growth in farming activities, potentially hinting at steady local agricultural engagement and economic potential.
Number of Mortgages by Occupancy Type in Rapides Parish, LA Over the Last 5 Years in Rapides Parish
In Rapides Parish, Louisiana, the mortgage counts over the past five years indicate varying trends across different occupancy types. Principal residences consistently dominate the market, with figures peaking at 5968 mortgages in 2021 and a lower count of 4118 by 2022. Investment properties, while secondary, show a relatively stable demand, with slight fluctuations around the mid-400s mark. Second residences remain a minimal aspect of the market, holding steady with minor changes and rarely exceeding 50 mortgages annually. These shifts in occupancy types suggest evolving housing preferences, risk assessments, and economic factors, which could be crucial for investors, realtors, and insurers assessing market viability, potential returns, and demographic shifts.
Economic Outlook
In Rapides Parish, Louisiana, the average taxable income per tax return has risen significantly, from around $51,951 in 2013 to roughly $74,323 by 2021, hinting at an improving economic climate. This is accompanied by a noticeable increase in state and local income taxes, climbing from $5,065.20 in 2012 to $12,513.94 in 2021, potentially reflecting broader economic or policy shifts. Total tax liability per tax return also shows an upward trend, peaking at $13,806.08 in 2021, which might suggest... Read more
Average Taxable Income per Tax Return in Rapides Parish, LA over the last 9 years
Over the last nine years, Rapides Parish, Louisiana, has experienced a notable increase in average taxable income per tax return, rising from around $51,951 in 2013 to approximately $74,323 in 2021. Although there was a slight dip in 2019, the overall upward trend suggests an improving economic climate, potentially making the area more attractive for investors and homeowners. This growth in average taxable income could indicate a stronger local economy and an improved standard of living, which is relevant for real estate agents, appraisers, and those considering building property in the parish.
Average State and Local Income Taxes Per Tax Return in Rapides Parish, LA Over the Last 10 Years
Over the past decade, Rapides Parish, Louisiana has seen a notable increase in average state and local income taxes per tax return, climbing from roughly $5,065.20 in 2012 to approximately $12,513.94 by 2021. This upward trend, particularly dramatic after 2017, indicates rising tax obligations that could impact both current and prospective residents and investors. Such changes may reflect broader economic shifts or policy adjustments within the state, potentially influencing decisions related to investment, relocation, and property development in the region.
Average Total Tax Liability Per Tax Return in Rapides Parish, LA Over the Last 10 Years
The data shows a generally upward trend in the average total tax liability per tax return in Rapides Parish, Louisiana over the past decade. Starting at approximately $8,884.17 in 2012, there is a noticeable increase, peaking at $13,806.08 in 2021. This pattern may suggest economic growth or changes in local tax policies, which could interest potential investors and property developers. The significant jump from 2020 to 2021 also points to notable economic shifts that might impact financial planning for residents and businesses.
Cost of Living in Rapides Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,232 | $1,387 | $2,257 | $1,294 | $1,300 |
| 1 adult 4 children | $1,232 | $1,133 | $1,728 | $1,294 | $1,452 |
| 2 adults 3 children | $1,232 | $1,133 | $1,957 | $1,294 | $1,062 |
| 1 adult 3 children | $1,232 | $925 | $1,428 | $1,294 | $1,160 |
| 2 adults 2 children | $909 | $928 | $1,657 | $1,122 | $856 |
| 1 adult 2 children | $909 | $693 | $1,128 | $1,122 | $830 |
| 2 adults 1 child | $909 | $733 | $1,357 | $561 | $768 |
| 1 adult 1 child | $909 | $474 | $828 | $561 | $644 |
| 2 adults | $690 | $589 | $1,057 | $0 | $621 |
| 1 adult | $608 | $321 | $528 | $0 | $510 |
Safety trends & Data
Over the past five years in Rapides Parish, Louisiana, property crime trends have shown fluctuating patterns. Burglary arrests consistently dropped from 279 in 2019 to just 95 in 2022, suggesting a significant improvement. However, larceny-theft numbers remain relatively high, bouncing back to 484 in 2022 after a low of 229 in 2020. Motor vehicle thefts peaked at 72 in 2019 but have been comparatively low otherwise, and reductions in fraud and forgery hint at better preventive measures. For... Read more
Property Crime Trends in Rapides Parish, LA Over the Last 5 Years
Over the past five years in Rapides Parish, Louisiana, property crime trends reveal some fluctuating patterns. Burglary arrests saw a consistent decline from 2019's high of 279 to just 95 in 2022. Conversely, larceny-theft numbers remain relatively high, hitting a low in 2020 at 229 and bouncing back to 484 in 2022. Motor vehicle thefts have been comparatively low and displayed some variability but peaked in 2019 (72). Notable reductions occurred in fraud and forgery, indicating potentially improved preventive measures. For those looking to move, invest, or appraise in Rapides Parish, this evolving crime landscape suggests mixed progress but an overall positive trend in burglary reduction.
Demographics
Rapides Parish, Louisiana presents a diverse demographic picture, with a slight female majority in the adult population. Educationally, high school graduates comprise the largest group, but a notable percentage also holds bachelor's or graduate degrees, reflecting an educated workforce. The parish's age distribution highlights a balanced mix across age brackets, but there appears to be a significant portion of the population in the under-10 and 55-64 age groups. Racially, the area is... Read more
Race Distribution in Rapides Parish, Louisiana (2022)
Educational Attainment in Rapides Parish, Louisiana (2022)
Age Distribution in Rapides Parish, Louisiana
Citizen Population in Rapides Parish, Louisiana (2022)
Political Trends & Data
Rapides Parish in Louisiana leaned significantly Republican in the 2020 U.S. Presidential Election, with approximately 65% of the vote likely going to the Republican candidate, compared to roughly 33% for the Democrat. Minor party candidates seemed to capture negligible portions of the vote, indicating a strong two-party preference. This trend possibly reflects broader regional political inclinations and could be insightful for future campaign... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Rapides Parish in Louisiana leaned significantly Republican in the 2020 U.S. Presidential Election, with approximately 65% of the vote likely going to the Republican candidate, compared to roughly 33% for the Democrat. Minor party candidates, including the Libertarian and other parties, seemed to capture negligible portions of the vote, indicating a strong two-party preference in the area. These trends might reflect broader regional political inclinations and could be insightful for future campaign strategies.
65.14% of voters voted for the Republican party in the 2020 Presidential Election
33.08% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% 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
Rapides Parish, Louisiana has experienced fluctuating student-to-teacher ratios over the past decade, with a notable spike to 24 students per teacher in 2017. While the average has mostly hovered around the mid-teens, sometimes below the national average of 14, these variations could affect educational quality, influencing local property values and investment potential. For movers, builders, or real estate professionals, these figures might suggest changes in school funding, district policies,... Read more
Student-to-teacher ratio in Rapides Parish, Louisiana over the last 10 years
Rapides Parish, Louisiana has seen unpredictable shifts in its student-to-teacher ratio over the past decade, with a notably high spike to 24 students per teacher in 2017. Despite this outlier, the area's ratio has generally hovered around the mid-teens, sometimes falling below the national average of 14 students per teacher. Fluctuations in this ratio can influence educational quality and, consequently, local property values and investment potential. For potential movers, builders, or real estate professionals, these figures might hint at changes in school funding, district policies, or population dynamics that could impact community development and long-term investment strategies.
