Terrebonne Parish Real Estate and Livability Trends
Terrebonne Parish, Louisiana's real estate market may be shaped by its varied average taxable incomes, with sharp rises in state and local income taxes and a dramatic yet improving poverty rate. Median home values increased from $137,000 in 2015 to $174,400 in 2022, trailing Louisiana's $198,300 median. Real estate taxes almost doubled over the decade, implying rising property values or tax... Read more
Terrebonne Parish Market Trends
Median home values in Terrebonne Parish have incrementally risen from $137,000 in 2015 to $174,400 in 2022, though it trails behind Louisiana's $198,300 median. The residential energy tax credit per tax return spiked at $2,212.50 in 2018, hinting at fluctuating investment in energy-efficient upgrades. Over the last decade, real estate taxes nearly doubled from approximately $1,464.80 in 2012 to... Read more
Median Value of Occupied Housing Units in Terrebonne Parish, Louisiana Over the Last 8 Years
Median home values in Terrebonne Parish have shown a steady increase over the last 8 years, climbing from $137,000 in 2015 to $174,400 in 2022. Compared to Louisiana, where median home values rose to $198,300 in 2022, Terrebonne Parish lags slightly behind in growth, yet it outpaced the national average in earlier years. For prospective buyers, this suggests a relatively stable and increasing housing market here; however, it may not be experiencing the same rapid appreciation seen statewide or across the country. This could make Terrebonne Parish an intriguing option for investors seeking steady growth without the steep price jumps found elsewhere.
Residential Energy Tax Credit Per Tax Return in Terrebonne Parish, LA Over the Last 9 Years
Over the last nine years in Terrebonne Parish, Louisiana, there's been notable fluctuation in the average residential energy tax credit per tax return. A significant spike was observed in 2018, reaching $2,212.50, while other years like 2016 and 2014 saw relatively lower averages, around $779.17 and $848.44 respectively. These variations could indicate changing investment or participation in energy-efficient upgrades or incentives, which might prompt potential investors and property developers to pay closer attention to energy-saving improvements. Real estate agents and appraisers should be aware that this trend might influence property values and attractiveness.
Average Real Estate Taxes Per Tax Return in Terrebonne Parish, LA Over the Last 10 Years
Real estate taxes per tax return in Terrebonne Parish, Louisiana have shown a noticeable upward trend over the last decade, nearly doubling from about $1,464.80 in 2012 to around $2,636.44 in 2021. A sharp increase is particularly evident from 2016 to 2018, where taxes jumped from $1,748.62 to $2,559.64. Such growth could suggest rising property values, higher municipal spending, or changes in tax rates, potentially impacting property investment decisions and housing affordability in the area.
Percentage of Farm Returns in Terrebonne Parish, LA Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Terrebonne Parish, Louisiana has hovered around 0.40% to 0.46%, with minor fluctuations. These metrics offer a subtle glimpse into the agricultural activity and economic health of the rural sector in the parish. For those interested in investing in or moving to Terrebonne Parish, this stable trend may suggest a consistent, albeit small, agricultural backbone, potentially impacting land use and real estate values. Farm tax returns reflect the economic contributions of farms, and understanding their trends can aid in forecasting future development and community needs.
Number of Mortgages by Occupancy Type in Terrebonne Parish, LA Over the Last 5 Years in Terrebonne Parish
In Terrebonne Parish, Louisiana, the number of mortgages for principal residences has consistently dwarfed those for investment and second residences over the last five years, peaking in 2020 and 2021. The slight decrease in investment property mortgages from 2020 to 2022 contrasts with the more fluctuating, yet generally upward trend in mortgages for principal residences, observing a sharp rise in 2020, likely influenced by historically low-interest rates and pandemic-related market shifts. For investors and real estate professionals, these patterns indicate a robust demand for primary homes, suggesting less volatility and potentially safer returns. Simultaneously, lower activity in the investment and second-home segments could point to cautious investor behavior or opportunities in underexplored markets. Understanding these dynamics can also help appraisers and insurance agents better assess risk and property values specific to the region's economic climate.
Economic Outlook
Terrebonne Parish, Louisiana's real estate market might be influenced by the fluctuating average taxable incomes, with peaks at $70,196.85 in 2014 and dips down to $54,165.57 in 2020, suggesting an unstable economic environment. Sharp rises in state and local income taxes, particularly spiking from $5,617.79 in 2017 to $8,128.09 in 2018, indicate increasing fiscal burdens which could affect property values and investment attractiveness. Notably, the poverty rate saw a dramatic rise in 2014,... Read more
Average Taxable Income per Tax Return in Terrebonne Parish, LA over the last 9 years
Terrebonne Parish, Louisiana, has seen fluctuating average taxable incomes over the past nine years, peaking at about $70,196.85 in 2014 and dipping to roughly $54,165.57 in 2020. This inconsistency may impact investment decisions, as it suggests economic volatility. Real estate agents and potential homeowners might want to consider the varying economic landscape when assessing property values and market stability. Insurance agents and appraisers should also stay updated on these trends to better predict future income patterns and assess risk.
Average State and Local Income Taxes Per Tax Return in Terrebonne Parish, LA Over the Last 10 Years
In Terrebonne Parish, Louisiana, the average state and local income taxes per tax return have shown considerable fluctuations over the past decade. Starting from lower levels around $5,970.60 in 2012, significant increases can be seen, particularly reaching over $10,000.00 from 2019 onwards. The sharp rise from $5,617.79 in 2017 to $8,128.09 in 2018 indicates a notable shift. These trends could be particularly relevant for potential investors and individuals considering the economic environment, suggesting an evolving fiscal landscape with increasing tax obligations in recent years.
Average Total Tax Liability Per Tax Return in Terrebonne Parish, LA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Terrebonne Parish, Louisiana has experienced notable fluctuations. After peaking at $15,101.11 in 2014, a significant dip occurred, reaching a low of $8,644.19 by 2020. The data suggests either inconsistency in local economic conditions or changes in tax policies, both of which could impact prospective investors and residents. For appraisers and insurance agents, understanding these variations could be critical for accurately assessing property values and associated risks.
Cost of Living in Terrebonne Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,327 | $1,500 | $2,205 | $1,561 | $1,475 |
| 1 adult 4 children | $1,327 | $1,225 | $1,688 | $1,561 | $1,645 |
| 2 adults 3 children | $1,327 | $1,225 | $1,912 | $1,561 | $1,222 |
| 1 adult 3 children | $1,327 | $1,000 | $1,395 | $1,561 | $1,373 |
| 2 adults 2 children | $1,028 | $1,003 | $1,619 | $1,352 | $983 |
| 1 adult 2 children | $1,028 | $749 | $1,102 | $1,352 | $990 |
| 2 adults 1 child | $1,028 | $793 | $1,326 | $673 | $847 |
| 1 adult 1 child | $1,028 | $512 | $810 | $673 | $725 |
| 2 adults | $817 | $637 | $1,033 | $0 | $672 |
| 1 adult | $687 | $347 | $517 | $0 | $542 |
Safety trends & Data
Over the past five years, property crime trends in Terrebonne Parish, Louisiana, have shown notable fluctuations. Larceny-Theft peaked at 1,052 incidents in 2018 but declined to 534 by 2022. Burglary saw significant variability, with the highest arrests in 2021 at 144 and the lowest in 2019 at 47. Vandalism nearly tripled from 39 in 2019 to 132 in 2022. Motor Vehicle Theft remained low but increased slightly from 13 in 2019 to 24 in both 2021 and 2022. These trends might hint at a shifting... Read more
Property Crime Trends in Terrebonne Parish, LA Over the Last 5 Years
Over the past five years, property crime trends in Terrebonne Parish, Louisiana, show notable fluctuations. Larceny-Theft consistently dominates, peaking at 1,052 incidents in 2018 before steadily declining to 534 in 2022. Burglary experienced significant variability, with the highest number of arrests in 2021 at 144 and the lowest in 2019 at 47. Vandalism saw a sharp rise, nearly tripling from 39 in 2019 to 132 in 2022. Motor Vehicle Theft remained relatively low but saw a slight increase from 13 in 2019 to 24 in both 2021 and 2022. These trends suggest a changing landscape of property crime that could impact investment decisions and community safety strategies in Terrebonne Parish.
Demographics
In Terrebonne Parish, Louisiana, the adult population leans slightly towards more females than males. Despite a moderate share of individuals pursuing higher education, the bulk of the population has not gone beyond high school. The age distribution is fairly balanced, with notable portions of both younger and older residents. The racial composition reveals a predominantly White demographic, though there is some diversity with significant Black or African American and Native American... Read more
Race Distribution in Terrebonne Parish, Louisiana (2022)
Educational Attainment in Terrebonne Parish, Louisiana (2022)
Age Distribution in Terrebonne Parish, Louisiana
Citizen Population in Terrebonne Parish, Louisiana (2022)
Political Trends & Data
In Terrebonne County, Louisiana, the 2020 U.S. Presidential Election results seemed to highlight a strong conservative leaning, with the Republican party possibly securing nearly 74% of the votes. The Democratic party appeared to garner around 24%, while third parties combined seemed to receive roughly 1.5%. This predominantly conservative preference could impact market trends and development priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Terrebonne County, Louisiana, the 2020 U.S. Presidential Election results showed a strong preference for the Republican party, which potentially secured nearly 74% of the votes, while the Democratic party appeared to garner around 24%. Third parties like the Libertarian and other smaller parties combined seemed to receive roughly 1.5% of the total vote. This trend suggests a predominantly conservative leaning among voters in this county during the 2020 election.
74.26% of voters voted for the Republican party in the 2020 Presidential Election
24.22% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% of voters voted for the Livertarian party in the 2020 Presidential Election
0.58% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Terrebonne Parish, Louisiana's student-to-teacher ratio has fluctuated dramatically, peaking at 19 in 2018 and dropping to 9 in 2016 before stabilizing around 18. Given the national average of about 14, these higher ratios could affect classroom environments and individual student attention. For real estate stakeholders, these variations might impact property values, school ratings, and market desirability, suggesting potential over-enrollment or understaffing in local... Read more
Student-to-teacher ratio in Terrebonne Parish, Louisiana over the last 10 years
Over the past decade, the student-to-teacher ratio in Terrebonne Parish, Louisiana has seen considerable fluctuations, peaking at 19 students per teacher in 2018 and dropping significantly to 9 in 2016 before stabilizing around 18 in recent years. Given the national average of approximately 14 students per teacher, Terrebonne Parish often experiences higher ratios, potentially influencing classroom environments and the quality of individual student attention. For real estate agents, appraisers, and investors, these variations can impact property values, school ratings, and ultimately, market desirability. Increased ratios might suggest schools are either over-enrolled or understaffed, both of which are crucial for families considering relocation and insurance agents evaluating risk.
