St. Mary Parish Real Estate and Livability Trends
St. Mary Parish, Louisiana, has shown interesting trends in both property values and community dynamics that may catch the eye of savvy real estate investors. Median home values have steadily increased from $92,900 in 2015 to $128,000 in 2022, yet they remain below state and national averages, hinting at hidden investment gems. This appreciation coincides with rising local property taxes,... Read more
St. Mary Parish Market Trends
Over the past eight years, median home values in St. Mary Parish, Louisiana have grown from $92,900 in 2015 to $128,000 in 2022, yet these values remain lower than both state and national medians. This suggests potential opportunities for buyers in a market that is appreciating yet still quite affordable. Interestingly, the residential energy tax credit has fluctuated significantly, peaking at... Read more
Median Value of Occupied Housing Units in St. Mary Parish, Louisiana Over the Last 8 Years
Over the past eight years, median home values in St. Mary Parish, Louisiana have seen a steady increase from $92,900 in 2015 to $128,000 in 2022. This growth, while significant, still lags behind the state median of $198,300 and the national median of $179,400 as of 2022. For investors, prospective homeowners, or those looking to build in St. Mary Parish, this relatively lower median price point could represent potential opportunities in a market that appears to be on an upward trend yet remains more affordable than broader benchmarks.
Residential Energy Tax Credit Per Tax Return in St. Mary Parish, LA Over the Last 9 Years
St. Mary Parish, Louisiana has seen notable fluctuations in the average residential energy tax credit per tax return over the past nine years, with a peak in 2018 at $1,800.00. The lowest point was in 2016 with an average of $540.00. This variability could reflect changing incentives or adoption rates of energy-efficient upgrades which may influence property values and energy efficiency standings. Investors, real estate agents, and homeowners might want to consider how these credits impact overall costs and savings in the long term.
Average Real Estate Taxes Per Tax Return in St. Mary Parish, LA Over the Last 10 Years
In St. Mary Parish, Louisiana, average real estate taxes per tax return have shown a consistent upward trend over the past decade, with the figures increasing from around $1,479.09 in 2012 to approximately $2,669.05 in 2021. This steady rise is particularly noteworthy for potential investors and appraisers, indicating that property values are likely increasing and the tax base is expanding. For those considering moving to the area, or existing residents, it's crucial to be aware of the potential for higher property tax bills. Real estate agents and insurance agents should pay attention to these trends as they could significantly impact property pricing and insurance premiums in the region.
Percentage of Farm Returns in St. Mary Parish, LA Over the Last 10 Years
Farm tax returns in St. Mary Parish, Louisiana, provide a rough gauge of agricultural activity and economic health within the region. Over the last decade, the percentage of farm returns has generally hovered around 0.37% to 0.43%, showing minor fluctuations. A peak of approximately 0.43% in 2018 suggests there might have been a temporary boost in agricultural productivity or a change in filing practices. For those interested in the agricultural sector, whether considering investment, relocating, or building property here, these numbers hint at a relatively stable but modest farming community.
Number of Mortgages by Occupancy Type in St. Mary Parish, LA Over the Last 5 Years in St. Mary Parish
Over the past five years in St. Mary Parish, Louisiana, we've seen a relatively stable yet notable trend in mortgage counts for different occupancy types. Principal residences have consistently outpaced investment properties and second residences, signaling strong demand for primary homes. The fluctuations in investment property mortgages and the smaller, yet slightly increasing, numbers for second residences suggest varying investment strategies and possible shifts in seasonal or vacation home interests. For investors and real estate developers, these could be pivotal indicators of where residential demand is moving. Plus, for appraisers and insurance agents, understanding these patterns might inform risk assessments and property evaluations more precisely.
Economic Outlook
St. Mary Parish, Louisiana, has experienced notable economic fluctuations that could signal an intriguing opportunity for real estate investors. After peaking with an average taxable income of $52,403.67 in 2013 and dipping to $46,232.66 in 2016, there's been a gradual recovery reaching approximately $52,005.59 by 2021. Meanwhile, state and local income taxes have seen increases, spiking to around $8,888.71 in 2021. This suggests a dynamic economic landscape potentially impacting property... Read more
Average Taxable Income per Tax Return in St. Mary Parish, LA over the last 9 years
St. Mary Parish, Louisiana, has shown fluctuations in average taxable income per tax return over the past nine years, reflecting some economic volatility. After peaking at approximately $52,403.67 in 2013, the average taxable income declined to around $46,232.66 by 2016. However, there has been a gradual recovery since 2018, with the average income rising to about $52,005.59 in 2021. This trend suggests a potential rebound in the local economy, which could interest investors, real estate agents, and those considering relocation.
Average State and Local Income Taxes Per Tax Return in St. Mary Parish, LA Over the Last 10 Years
Over the past decade, St. Mary Parish, Louisiana, has seen fluctuations in average state and local income taxes per tax return, with notable peaks in recent years. In 2018, taxes jumped to $7,445.95, followed by a slight increase to $7,465.79 in 2019. The most significant rise occurred in 2021, reaching $8,888.71. These changes suggest a dynamic economic environment potentially influenced by shifts in policy, population, or income levels, making it a nuanced landscape for investment or relocation.
Average Total Tax Liability Per Tax Return in St. Mary Parish, LA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in St. Mary Parish, Louisiana, has shown fluctuations, peaking at approximately $9,941.93 in 2013 and dipping to around $7,220.46 in 2020. This trend might interest potential investors, real estate agents, and those looking to relocate, as it implies variable economic conditions affecting the area's fiscal climate. Keep an eye on these numbers, as they could potentially impact property appraisals and insurance assessments.
Cost of Living in St. Mary Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,109 | $1,347 | $2,272 | $986 | $1,099 |
| 1 adult 4 children | $1,109 | $1,100 | $1,741 | $986 | $1,190 |
| 2 adults 3 children | $1,109 | $1,101 | $1,969 | $986 | $859 |
| 1 adult 3 children | $1,109 | $898 | $1,438 | $986 | $930 |
| 2 adults 2 children | $865 | $901 | $1,667 | $855 | $753 |
| 1 adult 2 children | $865 | $673 | $1,136 | $855 | $682 |
| 2 adults 1 child | $865 | $712 | $1,364 | $427 | $699 |
| 1 adult 1 child | $865 | $460 | $833 | $427 | $572 |
| 2 adults | $680 | $572 | $1,062 | $0 | $598 |
| 1 adult | $612 | $312 | $531 | $0 | $494 |
Safety trends & Data
In St. Mary Parish, Louisiana, property crime has seen a significant decline, with burglary cases dropping from 68.00 in 2018 to 20.00 in 2022, and larceny-theft incidents falling from 277.00 to 99.00 in the same period. This trend could signal improvements in community safety, making the area more attractive to potential investors and real estate developers. It may also lead to better property valuations and lower insurance premiums, thanks to the increased stability and... Read more
Property Crime Trends in St. Mary Parish, LA Over the Last 5 Years
Property crime trends in St. Mary Parish, Louisiana indicate a notable decline in both burglary and larceny-theft over the past five years, with burglary numbers dropping from 68.00 cases in 2018 to just 20.00 in 2022. Similarly, larceny-theft incidents have decreased significantly, from 277.00 reports in 2018 to 99.00 in 2022. These trends could be a positive signal for potential investors, real estate developers, and those seeking to move to the area, highlighting potential improvements in community safety. Appraisors and insurance agents might find the declining crime rates indicative of a more stable and secure neighborhood, potentially leading to better property valuations and lower insurance premiums.
Demographics
The adult population in St. Mary Parish, Louisiana shows a slight female majority. The community's educational attainment suggests a large portion has completed high school, though fewer have progressed to college degrees. Age distribution reveals an aging population, with significant numbers in the 55-64 bracket. The race demographic is predominantly White, with a noticeable Black or African American community. These trends could influence local policies and services, particularly in education... Read more
Race Distribution in St. Mary Parish, Louisiana (2022)
Educational Attainment in St. Mary Parish, Louisiana (2022)
Age Distribution in St. Mary Parish, Louisiana
Citizen Population in St. Mary Parish, Louisiana (2022)
Political Trends & Data
Saint Mary County, Louisiana displayed strong Republican support in the 2020 Presidential Election with the Democratic party capturing a significantly smaller portion of votes, indicating a predominantly conservative demographic. Minor parties like the Libertarian saw minimal voter traction, suggesting limited broader appeal. This voting pattern could potentially shape the area's future political landscape and influence local and state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saint Mary County, Louisiana saw significant support for the Republican party in the 2020 U.S. Presidential Election, possibly reflecting a strong conservative demographic. The Democratic party garnered a notable share as well, though it was markedly less. The Libertarian and other minor parties captured a very small fraction of the vote, suggesting limited appeal. This distribution may hint at prevailing political leanings and could influence future local and state elections.
63.88% of voters voted for the Republican party in the 2020 Presidential Election
34.74% of voters voted for the Democrat party in the 2020 Presidential Election
0.75% of voters voted for the Livertarian party in the 2020 Presidential Election
0.63% of voters voted for the Other party in the 2020 Presidential Election
School Data
St. Mary Parish, Louisiana has seen its student-to-teacher ratio fluctuate, peaking at 19 in 2020 and consistently staying above 18 since 2018. This compares to a national average of 14 students per teacher and might imply challenges in individualized attention, potentially impacting real estate values and family decisions on relocation. This trend could be a significant factor for investors and homebuyers prioritizing educational... Read more
Student-to-teacher ratio in St. Mary Parish, Louisiana over the last 10 years
St. Mary Parish, Louisiana has experienced a fluctuating student-to-teacher ratio over the past decade, peaking at 19 in 2020 and showing lower values around 14 to 15 in the first few years. Recent years, particularly after 2018, have consistently shown ratios above 18, which indicates a heavier student load per teacher compared to the national average of 14 students per teacher. Such ratios could imply potential challenges in providing individualized attention and may affect investor decisions, real estate values, or educational quality—a key consideration for families evaluating a move to this parish.
