Union Parish Real Estate and Livability Trends
Union Parish, Louisiana is showing a generally rising trend in average taxable income, from $46,127.96 in 2013 to $53,493.36 in 2021, suggesting an improving local economy which could be attractive to real estate investors. The median home value peaked at $117,300 in 2022, positioning the area as more affordable compared to the state's median of $198,300. Significant reductions in property crime... Read more
Union Parish Market Trends
Union Parish, Louisiana, has seen its median home values trend upward over the past eight years, peaking at $117,300 in 2022. This makes the area significantly more affordable compared to the state's median of $198,300 and the national average of $179,400, suggesting potential investment opportunities in a growing yet inexpensive market. Despite the fluctuating residential energy tax credits, the... Read more
Median Value of Occupied Housing Units in Union Parish, Louisiana Over the Last 8 Years
Over the last eight years, Union Parish, Louisiana, has seen its median home values fluctuate but generally trend upward, peaking significantly in 2022 at $117,300. Compared to the state and national levels, Union Parish remains considerably more affordable, with Louisiana's median home values climbing to $198,300 in 2022 and the national average hitting $179,400. This disparity presents a potentially appealing investment opportunity for those looking to buy property in a market that is growing yet remains relatively inexpensive.
Residential Energy Tax Credit Per Tax Return in Union Parish, LA Over the Last 8 Years
Union Parish in Louisiana has seen fluctuating residential energy tax credits over the past eight years, which could be indicative of changing energy efficiency incentives and policies. Notably, 2015 saw a high of $760.00 per tax return, while subsequent years have generally maintained a lower but somewhat stable average, with 2021 ending at $500.00. This variability might catch the eye of potential investors, appraisers, and insurance agents who are gauging the economic and environmental incentives in the area, which could influence decisions regarding energy-efficient home investments and replacements. These insights might be particularly useful for real estate agents and prospective homeowners prioritizing energy savings.
Average Real Estate Taxes Per Tax Return in Union Parish, LA Over the Last 10 Years
Real estate taxes per tax return in Union Parish, Louisiana have shown a notable upward trend over the past decade, particularly spiking from $1,700.00 in 2018 to a high of $2,461.90 in 2020 before slightly adjusting to $1,963.64 in 2021. This pattern suggests a significant increase in tax burden for property owners, which could impact investment decisions, property values, and overall real estate market dynamics in the area. Potential buyers, investors, and appraisers should be mindful of these changes as they reflect increasing fiscal obligations that might affect profitability and costs.
Percentage of Farm Returns in Union Parish, LA Over the Last 10 Years
Union Parish, Louisiana has experienced a relatively stable trend in farm tax returns over the last decade, with percentages hovering around the 5.00% mark. Farm tax returns are a crucial indicator of the agricultural sector's economic health and reflect the income and expenses reported by farm owners to state or federal tax authorities. Investors, developers, and current residents might find it noteworthy that despite minor fluctuations, the farm returns have consistently remained close to 5.00%, suggesting a steady agricultural presence and activity in the region. Considering this stable base, it might be a reassuring factor for those contemplating investment or development in Union Parish, ensuring the agricultural backbone is resilient.
Number of Mortgages by Occupancy Type in Union Parish, LA Over the Last 5 Years in Union Parish
Lending activity in Union Parish, Louisiana, has seen notable fluctuations over the last five years, particularly in the number of mortgages for principal residences, which surged from 655 in 2018 to 1004 in 2021 before slightly dipping to 740 in 2022. Investment properties have displayed more stable trends, hovering around the low hundreds. The second residence market has remained relatively minor but steady. Changes in occupancy types are significant for investors and real estate agents as they may reflect shifting demographics, housing needs, and economic health of the area. For those looking to relocate, variations in these numbers could impact community dynamics, property valuations, and future development opportunities. Insurance agents can also glean insights regarding risk profiles based on the concentration of different property types.
Economic Outlook
Union Parish, Louisiana is showing a generally rising trend in average taxable income per tax return, moving from $46,127.96 in 2013 to $53,493.36 in 2021, despite some minor dips. This could be a promising sign for potential real estate investors and developers as it hints at a gradually improving local economy. Over the past decade, there were notable swings in state and local income taxes, peaking at $15,481.82 in 2020 before settling at $9,300.00 in 2021, which might indicate changes in tax... Read more
Average Taxable Income per Tax Return in Union Parish, LA over the last 9 years
Over the past nine years, Union Parish, Louisiana has seen a generally increasing trend in average taxable income per tax return, climbing from $46,127.96 in 2013 to $53,493.36 in 2021. Although there were slight dips in some years, the overall upward trajectory suggests a positive economic development for the area. This continual growth in taxable income could be promising for potential investors, real estate developers, and newcomers considering Union Parish as it hints at a strengthening local economy.
Average State and Local Income Taxes Per Tax Return in Union Parish, LA Over the Last 10 Years
Over the past decade, Union Parish, Louisiana has experienced notable fluctuations in state and local income taxes per tax return. From relatively stable figures around $4,000-4,500 in the early years, 2018 saw a significant rise to $6,490.91, followed by an even sharper increase to $15,481.82 in 2020, before settling at $9,300.00 in 2021. These shifts may signal changes in local economic conditions or tax policy, offering potential investors, property developers, and future residents important considerations about the financial landscape and trends in tax burdens.
Average Total Tax Liability Per Tax Return in Union Parish, LA Over the Last 10 Years
Union Parish, Louisiana has seen fluctuations in the average total tax liability per tax return over the last decade, with figures ranging from as low as $6,410.77 in 2019 to a peak of $7,785.24 in 2020. This variability can signal both opportunities and risks for investors, real estate agents, and those considering property ventures in the area. Such changes might impact property appraisals and insurance costs, making Union Parish a potentially dynamic market that rewards close monitoring of economic indicators.
Cost of Living in Union Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $814 | $1,367 | $2,372 | $1,342 | $1,223 |
| 1 adult 4 children | $814 | $1,117 | $1,817 | $1,342 | $1,327 |
| 2 adults 3 children | $814 | $1,117 | $2,057 | $1,342 | $960 |
| 1 adult 3 children | $814 | $912 | $1,502 | $1,342 | $1,058 |
| 2 adults 2 children | $657 | $914 | $1,741 | $1,177 | $849 |
| 1 adult 2 children | $657 | $683 | $1,186 | $1,177 | $816 |
| 2 adults 1 child | $657 | $723 | $1,425 | $641 | $762 |
| 1 adult 1 child | $657 | $467 | $870 | $641 | $635 |
| 2 adults | $499 | $581 | $1,110 | $0 | $611 |
| 1 adult | $496 | $317 | $555 | $0 | $523 |
Safety trends & Data
Union Parish, Louisiana, has seen a significant reduction in property crime over the past five years, making it potentially more appealing for investors and residents. Burglary incidents have dropped dramatically from 35.00 in 2018 to just 1.00 by 2021. Larceny-theft plummeted from 66.00 in 2018 to only 3.00 by 2022, and vandalism decreased from 26.00 to just 1.00 within the same timeframe. These trends could indicate a safer environment, which might be attractive for property developers and... Read more
Property Crime Trends in Union Parish, LA Over the Last 5 Years
Union Parish, Louisiana, has experienced a notable decrease in property crime over the last five years, making it a potentially safer investment and living option. Burglary incidents have dropped from 35.0 in 2018 to a mere 1.0 by 2021. Larceny-theft, once at 66.0 in 2018, saw a steep decline, plummeting to 3.0 by 2022. Vandalism also showed a marked reduction from 26.0 in 2018 to just 1.0 in 2022. These trends suggest a potentially improving security situation, attractive for investors, property developers, and future residents seeking lower risks of property-related crimes.
Demographics
Union Parish, Louisiana shows a slight gender imbalance with more females than males. Educational attainment reveals a workforce largely composed of high school graduates and those with some college but no degree, which might impact the types of employment available locally. The age distribution leans notably towards older demographics, particularly those aged 55 to 64 years. Racially, the region remains predominantly White, with African Americans making up a significant minority. These trends... Read more
Race Distribution in Union Parish, Louisiana (2022)
Educational Attainment in Union Parish, Louisiana (2022)
Age Distribution in Union Parish, Louisiana
Citizen Population in Union Parish, Louisiana (2022)
Political Trends & Data
Union County, Louisiana's real estate market might be subtly influenced by its political landscape, with around 75% of the 2020 Presidential votes possibly leaning Republican. This conservative tilt could hint at a community that values stability and traditionalist policies, which often resonate with buyers looking for long-term investments in a region where property market stability and conservative fiscal policies might shape... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Union County, Louisiana, the 2020 U.S. Presidential Election results seemed to lean heavily Republican, with the party possibly capturing around 75% of the votes. Democrats, on the other hand, might account for approximately 24%. Libertarian and other minor parties could barely make a dent, together garnering possibly less than 1.5% of the total vote.
75.06% of voters voted for the Republican party in the 2020 Presidential Election
23.69% of voters voted for the Democrat party in the 2020 Presidential Election
0.68% of voters voted for the Livertarian party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Union Parish, Louisiana has seen a fluctuating student-to-teacher ratio over the past decade, starting at 18:1 in 2014, dipping to 13:1 in 2016 and 2018, and climbing back to over 18:1 in 2021. It currently sits at 15:1, above the national average of 14:1. Such changes might influence perceptions of educational quality, potentially impacting property values and community appeal. Higher ratios could suggest larger class sizes, possibly affecting student attention and performance, while lower... Read more
Student-to-teacher ratio in Union Parish, Louisiana over the last 10 years
The student-to-teacher ratio in Union Parish, Louisiana has fluctuated significantly over the past decade. Starting at 18 students per teacher in 2014, the ratio dipped to as low as 13 in 2016 and 2018 before climbing again to just over 18 in 2021. Currently, the ratio is at 15, which is higher than the national average of 14. For potential investors, new residents, and local real estate agents, such variations could impact the perceived quality of education, affecting both property values and community appeal. Higher ratios might imply larger class sizes, which can influence individual student attention and performance, whereas lower ratios are generally viewed as beneficial for educational outcomes.
