Richland Parish Real Estate and Livability Trends
Richland Parish, Louisiana is experiencing moderate economic growth with average taxable incomes rising from $44,264.98 in 2013 to $52,542.72 in 2021. Home values have surged, climbing from $91,900 in 2019 to $121,800 in 2022, pointing to stronger demand or favorable market conditions. The average real estate taxes increased from $839.51 in 2012 to $1,923.81 in 2021, suggesting higher property... Read more
Richland Parish Market Trends
Median home values in Richland Parish, Louisiana have notably jumped from $91,900 in 2019 to $121,800 in 2022, pointing to increasing demand or better housing market conditions. Residential energy tax credits show a stabilized range, possibly indicating consistent local investment in energy efficiency. Average real estate taxes climbed from $839.51 in 2012 to $1,923.81 in 2021, suggesting rising... Read more
Median Value of Occupied Housing Units in Richland Parish, Louisiana Over the Last 8 Years
Median home values in Richland Parish, Louisiana over the past eight years have shown substantial growth, particularly accelerating after 2019. What’s intriguing is seeing the median value leap from $91,900 in 2019 to $121,800 in 2022. While still below Louisiana's median of $198,300 and the national median of $179,400 for 2022, the rise in Richland Parish suggests a compelling opportunity for investors or potential homeowners seeking more affordable options with accelerating property values. This growth trajectory could indicate increasing demand or improvements in local housing market conditions.
Residential Energy Tax Credit Per Tax Return in Richland Parish, LA Over the Last 8 Years
Residential energy tax credit averages in Richland Parish, Louisiana over the past 8 years show significant annual variability, peaking at $725.00 in 2013 and dipping to a low of $445.45 in 2014. This fluctuation could suggest changes in local energy initiatives or varying levels of participation. Recent averages seem to stabilize around $500.00 to $583.33, potentially reflecting a more consistent trend in energy-efficient property improvements or a steadier application of credits. Such data may be key for investors, real estate agents, and insurance agents evaluating the local market's commitment to energy efficiency or anticipating future property value adjustments.
Average Real Estate Taxes Per Tax Return in Richland Parish, LA Over the Last 10 Years
Richland Parish, Louisiana has experienced a noticeable increase in average real estate taxes per tax return over the past decade. Starting from $839.51 in 2012, the average tax has progressively climbed, reaching $1,923.81 by 2021. This upward trend highlights the potential for higher expenses for property owners and prospective buyers, which appraisers and insurance agents should take into account. Real estate agents might see this as an indicator of rising property values, making it a point of interest for investors and those considering building or relocating to the area.
Percentage of Farm Returns in Richland Parish, LA Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Richland Parish, Louisiana has demonstrated a gradual decline. Starting at 6.39% in 2012, this figure fluctuated slightly before dipping to 5.13% in 2020, then modestly increasing to 5.23% in 2021. Farm tax returns, which represent income earned from agricultural activities, offer insight into the economic health of local farming enterprises. A decreasing percentage may suggest shifts in economic activities, land use, or profitability within the agricultural sector, underscoring potential challenges or shifts in the local economy. This trend could be significant for investors eyeing agricultural ventures, those exploring property development, and residents monitoring economic resilience in the area.
Number of Mortgages by Occupancy Type in Richland Parish, LA Over the Last 5 Years in Richland Parish
Richland Parish, Louisiana has seen notable fluctuations in the number of mortgages by occupancy type over the last five years, with principal residences consistently dominating the mortgage market. The values for principal residences peaked in 2021 at 829, compared to a low of 525 in 2018, signaling a robust demand for primary living spaces in the area. Investment properties and second residences, however, have shown more stability with marginal year-to-year changes, hovering around 40-47 and 3-11 mortgages respectively. These shifts suggest that while the primary residential market is quite dynamic, the secondary and investment property markets are relatively steady. Understanding these trends is vital for investors, developers, and real estate agents as they offer insights into consumer priorities and market stability, which can affect property values, insurance premiums, and investment strategies.
Economic Outlook
Richland Parish, Louisiana has seen the average taxable income per tax return fluctuate from around $44,264.98 in 2013 to $52,542.72 in 2021, suggesting moderate economic growth with some variability. The average state and local income taxes per tax return nearly doubled from $4,262.50 in 2017 to $8,512.50 in 2021, indicating a potential increase in the tax burden for residents. Additionally, the total tax liabilities per return have shown volatility, peaking at about $8,274.69 in 2015 but... Read more
Average Taxable Income per Tax Return in Richland Parish, LA over the last 9 years
Richland Parish, Louisiana has seen fluctuations in average taxable income per tax return over the last nine years, spanning from approximately $44,264.98 in 2013 to $52,542.72 in 2021. Notably, the trend includes periods of growth and slight declines, with a significant peak at $50,319.63 in 2018 followed by a minor dip and rebounding to the highest average in 2021. This implies potential opportunities for investors and real estate agents reflecting gradual economic strengthening, but also suggests a need for caution with the variable income changes. This pattern holds interest for appraisers and insurance agents assessing financial stability and property valuation in the area.
Average State and Local Income Taxes Per Tax Return in Richland Parish, LA Over the Last 10 Years
Richland Parish, Louisiana has seen fluctuations in average state and local income taxes per tax return over the past decade, with a notable surge from $4,262.50 in 2017 to $8,512.50 in 2021. This trend suggests a potentially increasing tax burden for residents, which might impact investment decisions and property values. The spike in 2019, reaching $8,590.32, and the subsequent high levels indicate trends that prospective investors or residents should consider for financial planning. The data underscores the importance of understanding local tax dynamics when evaluating financial commitments in this area.
Average Total Tax Liability Per Tax Return in Richland Parish, LA Over the Last 10 Years
Average tax liabilities per return in Richland Parish, Louisiana have fluctuated over the past decade, peaking at about $8,274.69 in 2015. There's been notable volatility with occasional drops as seen in 2016 and 2020, where numbers dipped close to the low $7,300s. This kind of inconsistency could be a point of interest for potential investors, real estate agents, and appraisers, suggesting that economic stability in the area might be varied. For those moving to or residing in Richland Parish, understanding these trends is useful for financial planning and long-term investment considerations.
Cost of Living in Richland Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $903 | $1,315 | $2,335 | $1,043 | $1,084 |
| 1 adult 4 children | $903 | $1,074 | $1,790 | $1,043 | $1,170 |
| 2 adults 3 children | $903 | $1,074 | $2,024 | $1,043 | $845 |
| 1 adult 3 children | $903 | $877 | $1,479 | $1,043 | $907 |
| 2 adults 2 children | $742 | $879 | $1,713 | $911 | $765 |
| 1 adult 2 children | $742 | $657 | $1,168 | $911 | $699 |
| 2 adults 1 child | $742 | $695 | $1,402 | $484 | $710 |
| 1 adult 1 child | $742 | $449 | $856 | $484 | $582 |
| 2 adults | $564 | $558 | $1,090 | $0 | $594 |
| 1 adult | $560 | $305 | $545 | $0 | $510 |
Safety trends & Data
Richland Parish, Louisiana's property crime trends have shown significant variability over the past five years. Burglary rates plummeted from 33.0 in 2018 to 5.0 in 2021, suggesting possible enhancements in either security measures or law enforcement. Larceny-theft fluctuated, peaking at 23.0 in 2021 but then reducing to 9.0 in 2022. Fraud incidents spiked to 21.0 in 2019 but later saw a notable decline. Arson, motor vehicle theft, forgery, and vandalism have remained consistently low with... Read more
Property Crime Trends in Richland Parish, LA Over the Last 5 Years
Property crime trends in Richland Parish, Louisiana over the past five years have shown noticeable fluctuations, with burglary and larceny-theft being the most persistent issues. Burglary figures have seen a remarkable decline from a high of 33.0 in 2018 to just 5.0 in 2021, indicating potential improvements in security or law enforcement. Larceny-theft incidents also varied, peaking at 23.0 in 2021 and dropping to 9.0 in 2022. Notably, fraud incidents spiked to 21.0 in 2019 but significantly dropped off in subsequent years. Arson, motor vehicle theft, forgery, and vandalism have remained relatively low and steady, with only minor variations year to year. This data points to improvements in some areas while highlighting persistent concerns in others, crucial for potential investors, property developers, and residents to consider.
Demographics
Richland Parish, Louisiana showcases a slight female majority in its adult population, with women narrowly outnumbering men. Educational attainment suggests that a large proportion of residents have a high school diploma, while higher education degrees are relatively uncommon. Age distribution reveals a diverse demographic spread, with noticeable peaks in the 35-44 and 55-64 age brackets, indicating potentially steady workforces and retirement-ready populations. Racially, the community appears... Read more
Race Distribution in Richland Parish, Louisiana (2022)
Educational Attainment in Richland Parish, Louisiana (2022)
Age Distribution in Richland Parish, Louisiana
Citizen Population in Richland Parish, Louisiana (2022)
Political Trends & Data
Richland County, Louisiana leans heavily Republican, with the GOP securing around 66% of the votes in the 2020 Presidential Election. Democrats received roughly 32%, while minor parties like the Libertarian barely crossed the 0.50% mark. This pattern hints at a consistent Republican stronghold with minimal impact from third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Richland County in Louisiana demonstrated a significant lean towards the Republican party in the 2020 U.S. Presidential Election, with Republicans capturing approximately two-thirds of the vote. Democrats garnered about 32%, while minor parties such as the Libertarian and others barely made a dent, each obtaining just over half a percent. This trend could suggest a solidified Republican base in the region, with limited influence from third parties.
66.47% of voters voted for the Republican party in the 2020 Presidential Election
32.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% of voters voted for the Livertarian party in the 2020 Presidential Election
0.55% of voters voted for the Other party in the 2020 Presidential Election
School Data
Richland Parish, Louisiana has experienced notable swings in its student-to-teacher ratios over the past decade. From starting at around 16 students per teacher in 2014, dipping to fewer than 10 by 2016, spiking to over 21 in 2022, and finally settling back to roughly 18 in 2023. These shifts could hint at fluctuating enrollment numbers or staffing levels, which could affect classroom attention and overall quality of education. With the national average at 14 students per teacher, Richland... Read more
Student-to-teacher ratio in Richland Parish, Louisiana over the last 10 years
Richland Parish, Louisiana has seen significant fluctuations in student-to-teacher ratios over the past decade. Starting at around 16 in 2014, the ratio decreased dramatically to fewer than ten students per teacher by 2016, only to rise again to over 21 in 2022 before settling back to approximately 18 in 2023. These variances likely indicate changing enrollment numbers or staffing levels, which could impact the quality of education and classroom attention students receive. Investors, real estate agents, and those looking to move to the area should consider these trends, as a high student-to-teacher ratio could suggest potential concerns about school resources, whereas a lower ratio may indicate more individualized attention, which could be appealing to families. For context, the U.S. national average stands at 14 students per teacher, positioning Richland Parish both above and below this average at different times in the past decade.
