St. Martin Parish Real Estate and Livability Trends
In St. Martin Parish, Louisiana, median home values jumped from $125,200 in 2021 to $139,900 in 2022, offering an appealing investment opportunity despite being lower than both state and national averages. The fluctuating residential energy tax credits, peaking at $1,283.33 in 2018, might entice energy-efficient property buyers. Rising real estate taxes, increasing from $1,206.96 in 2012 to... Read more
St. Martin Parish Market Trends
In St. Martin Parish, Louisiana, the median home values have seen impressive growth, rising from $125,200 in 2021 to $139,900 in 2022, making the area attractive for potential investors despite its lower entry point compared to state and national averages. Fluctuations in residential energy tax credits, peaking at $1,283.33 in 2018, highlight incentives for energy-efficient investments, which... Read more
Median Value of Occupied Housing Units in St. Martin Parish, Louisiana Over the Last 8 Years
Over the past eight years, the median home values in St. Martin Parish, Louisiana, have shown substantial growth, particularly in the last two years, jumping from $125,200 in 2021 to $139,900 in 2022. When compared to the state of Louisiana and the national averages, St. Martin Parish typically falls below both; for context, the state's median home value reached $198,300 in 2022, while the national figure hit $179,400 the same year. This comparatively lower entry point might present an appealing opportunity for potential investors or those looking to relocate but still hope to benefit from property appreciation trends that have been observed in recent years.
Residential Energy Tax Credit Per Tax Return in St. Martin Parish, LA Over the Last 9 Years
Over the past nine years, St. Martin Parish, Louisiana, has seen notable fluctuations in average residential energy tax credits per tax return. The highest point was in 2018 with an average credit of $1,283.33. Other years like 2014 and 2015 also saw relatively high averages of $885.71 and $925.00 respectively. Though there have been declines, the generally substantial tax credits suggest incentives for energy-efficient investments that could attract potential homeowners and investors keen on reducing energy costs.
Average Real Estate Taxes Per Tax Return in St. Martin Parish, LA Over the Last 10 Years
Average real estate taxes per tax return in St. Martin Parish, Louisiana have seen a steady increase over the past decade. In 2012, the average was $1,206.96, which grew to $2,260.42 by 2021. A notable spike occurred between 2017 and 2018, with values jumping from $1,583.90 to $2,244.07. This trend might indicate rising property values or changing tax policies that could potentially impact cost of living and investment opportunities in the area.
Percentage of Farm Returns in St. Martin Parish, LA Over the Last 10 Years
Over the past decade, St. Martin Parish, Louisiana has experienced a slight decline in the percentage of farm tax returns, dropping from approximately 1.69% in 2012 to around 1.52% in 2021. Farm tax returns reflect the portion of total tax returns filed by farms, indicating shifts in agricultural economic activity and land use. This trend could be relevant for investors, homebuyers, and developers as it may suggest changes in the local agricultural economy and potential shifts in property use and value.
Number of Mortgages by Occupancy Type in St. Martin Parish, LA Over the Last 5 Years in St. Martin Parish
Over the past five years in St. Martin Parish, Louisiana, principal residences have consistently dominated the mortgage landscape, showing substantial numbers each year, peaking around 2020 and 2021 with around 2,200 mortgages. Investment properties, while markedly fewer, exhibited a modest increase from roughly 91 in 2020 to 132 in 2022. Mortgages for second residences have remained relatively stable but low, hovering between 19 and 43 annually. Shifts in the types of property occupancy can impact market dynamics, affecting property valuations and insurance premiums. Investors and homebuyers should consider these trends, as a higher number of principal residences hints at a stable community largely settled by owner-occupants, whereas an increase in investment properties suggests growing rental markets. For real estate agents and appraisers, understanding these nuances aids in accurately assessing property values and potential market changes.
Economic Outlook
St. Martin Parish, Louisiana's average taxable income per tax return dipped around 2016 to $48,052.09 but rebounded to $54,817.98 in 2021, hinting at potential economic recovery. State and local income taxes showed similar volatility, peaking at $7,009.09 in 2020 and maintaining high averages around $6,923.33 in 2021. Total tax liability also fluctuated, peaking at $9,342.27 in 2014 before recovering mildly to $8,117.24 in 2021. These fiscal dynamics provide valuable insights for investors,... Read more
Average Taxable Income per Tax Return in St. Martin Parish, LA over the last 9 years
St. Martin Parish, Louisiana has seen fluctuations in average taxable income per tax return over the last nine years, with a notable dip around 2016 reaching $48,052.09. However, recovery is evident with a jump to $54,817.98 in 2021. While the overall trend doesn't show a clear, consistent growth, the return to higher figures might suggest resilience or economic recovery. Potential investors, real estate agents, and those planning to move here could find these dynamics useful for financial forecasting and property valuation.
Average State and Local Income Taxes Per Tax Return in St. Martin Parish, LA Over the Last 10 Years
Over the past decade, St. Martin Parish in Louisiana has seen significant fluctuations in its average state and local income taxes per tax return. From a relatively stable $5,032.06 in 2012, the average dipped to $4,495.21 by 2017, but then surged to $7,009.09 in 2020. Despite minor dips, the recent years maintain high averages around the $6,923.33 mark in 2021. These trends might indicate evolving fiscal policies or economic conditions impacting taxpayers and could be pertinent for those considering investments, relocating, or property development in the area.
Average Total Tax Liability Per Tax Return in St. Martin Parish, LA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in St. Martin Parish, Louisiana has shown fluctuation, peaking at $9,342.27 in 2014 and dipping to $6,775.84 in 2020. Despite these changes, tax liabilities generally trend downward after 2014, only to see a mild recovery in 2021 with an average liability of $8,117.24. This volatility in tax liability may reflect broader economic conditions or policy adjustments, suggesting that potential investors and real estate stakeholders should closely monitor these fiscal trends for more informed decision-making.
Cost of Living in St. Martin Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,065 | $1,371 | $2,309 | $1,233 | $1,268 |
| 1 adult 4 children | $1,065 | $1,120 | $1,769 | $1,233 | $1,414 |
| 2 adults 3 children | $1,065 | $1,120 | $2,002 | $1,233 | $1,030 |
| 1 adult 3 children | $1,065 | $915 | $1,462 | $1,233 | $1,144 |
| 2 adults 2 children | $812 | $917 | $1,695 | $1,068 | $871 |
| 1 adult 2 children | $812 | $685 | $1,155 | $1,068 | $847 |
| 2 adults 1 child | $812 | $725 | $1,388 | $534 | $786 |
| 1 adult 1 child | $812 | $468 | $847 | $534 | $640 |
| 2 adults | $719 | $582 | $1,081 | $0 | $663 |
| 1 adult | $543 | $318 | $540 | $0 | $510 |
Safety trends & Data
Property crime in St. Martin Parish, Louisiana, has seen considerable shifts over the past five years. Larceny-theft incidents plummeted from 244 in 2018 to just 31 in 2022, while burglaries dropped from 65 to 10 within the same period. Motor vehicle theft has remained relatively stable with only minor yearly fluctuations. This significant decline in property crime could enhance the appeal of St. Martin Parish for potential new residents and investors, although it's wise to keep monitoring the... Read more
Property Crime Trends in St. Martin Parish, LA Over the Last 5 Years
Property crime in St. Martin Parish, Louisiana, has shown notable fluctuations over the last five years. Larceny-theft, which peaked at 244 incidents in 2018, has decreased significantly to just 31 in 2022, indicating a promising decline. Similarly, burglary incidents fell from 65 in 2018 to merely 10 in 2022. Meanwhile, categories such as motor vehicle theft have remained relatively stable with minor variations year-over-year. The overall trend points to a noticeable reduction in property crime, making St. Martin Parish a potentially attractive area for new residents and investors, though continued monitoring is warranted.
Demographics
St. Martin Parish, Louisiana, presents a diverse demographic profile with a slight female majority. The population's educational attainment shows a large percentage of high school graduates and those with some college experience, yet a relatively smaller portion with bachelor's or higher degrees. Age-wise, the parish has a balanced distribution with notable portions in both young and older age brackets. Racially, the community is predominantly White, with significant representation from Black... Read more
Race Distribution in St. Martin Parish, Louisiana (2022)
Educational Attainment in St. Martin Parish, Louisiana (2022)
Age Distribution in St. Martin Parish, Louisiana
Citizen Population in St. Martin Parish, Louisiana (2022)
Political Trends & Data
In Saint Martin Parish, Louisiana, the 2020 Presidential Election data shows a notable lean towards Republican preferences, with around 67.3% of votes leaning that way. The Democratic candidate pulled in approximately 31.2% of votes, highlighting a smaller yet significant presence. Minor parties like the Libertarians barely made a dent, each mustering less than 1%. This political landscape could point to a predominantly conservative voter base which might influence local policies and real... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Saint Martin Parish, Louisiana, the 2020 Presidential Election data indicates a probable Republican preference, with approximately 67.3% of the votes. The Democratic candidate might have garnered around 31.2% of the votes, suggesting a significant but smaller following. Libertarian and other minor parties seem to barely make an impact, each capturing less than 1% of the vote share. This trend could hint at a predominantly conservative voter base in this particular parish.
67.32% of voters voted for the Republican party in the 2020 Presidential Election
31.21% of voters voted for the Democrat party in the 2020 Presidential Election
0.76% of voters voted for the Livertarian party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
St. Martin Parish, Louisiana's student-to-teacher ratio has ranged from 13:1 in 2016 to 20:1 in 2022, often exceeding the national average of 14:1. This trend may suggest larger class sizes, affecting perceptions of educational quality and potentially influencing property investment and relocation decisions. Real estate agents, investors, and movers might view this as a factor for driving demand toward private education options. Additionally, appraisers and insurance agents could find these... Read more
Student-to-teacher ratio in St. Martin Parish, Louisiana over the last 10 years
St. Martin Parish, Louisiana's student-to-teacher ratio has fluctuated significantly over the past decade, ranging from a low of 13 students per teacher in 2016 to a peak of 20 in 2022. This ratio has generally trended higher compared to the national average of 14 students per teacher, which may indicate larger class sizes. Such trends could influence perceptions of educational quality and impact decisions regarding property investment and relocation. Real estate agents, investors, and those planning to move might find these figures relevant, as a higher ratio could signal overburdened resources or drive demand for private education alternatives. Appraisers and insurance agents might also consider these dynamics when assessing property values and risks in the region.
