Vermilion Parish Real Estate and Livability Trends
Vermilion Parish, Louisiana has seen median home values rise from $98,100 in 2015 to $154,000 in 2022, narrowing the gap with state and national medians. A decline in real estate and energy tax credits by 2021, coupled with peak mortgage activity in 2021, suggests shifting investment strategies. Notably, property taxes doubling from approximately $1,110.42 per tax return in 2012 to around... Read more
Vermilion Parish Market Trends
Vermilion Parish, Louisiana has witnessed a notable increase in median home values from $98,100 in 2015 to $154,000 in 2022, which is still below the national median of $179,400. This surge closes the gap with state and national levels, potentially signaling growing investment opportunities. Notably, real estate taxes have risen from around $1,110.42 per tax return in 2012 to approximately... Read more
Median Value of Occupied Housing Units in Vermilion Parish, Louisiana Over the Last 8 Years
Over the last eight years, Vermilion Parish, Louisiana has experienced a significant surge in median home values, jumping from $98,100 in 2015 to $154,000 in 2022. While still below the national median of $179,400 in 2022, this rise in value significantly narrows the gap. The state of Louisiana as a whole saw its median home values increase from $144,100 to $198,300 during the same timeframe. This rapid local growth could signal emerging investment opportunities, especially as the local market catches up to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Vermilion Parish, LA Over the Last 9 Years
In Vermilion Parish, Louisiana, the average residential energy tax credit per tax return has seen a range of fluctuations over the past nine years. Peaks in 2015 ($1,565.22) and 2018 ($2,400.00) suggest significant investments in energy-efficient home improvements during those years. However, there have been notable drops as well, with 2021 seeing the average credit at $669.23. This trend might reflect varying levels of participation in energy-saving programs or changes in state and federal incentives. For those considering investments or developments, these variations highlight the importance of staying informed about available tax incentives and local engagement with energy efficiency initiatives.
Average Real Estate Taxes Per Tax Return in Vermilion Parish, LA Over the Last 10 Years
Over the last decade in Vermilion Parish, Louisiana, real estate taxes per tax return have shown a general increasing trend, with notable spikes. Starting at approximately $1,110.42 in 2012, taxes climbed steadily to around $2,333.33 by 2021. Significant jumps occurred in 2018 and 2019, where taxes rose from roughly $1,449.13 in 2017 to $2,005.26 and $2,157.69, respectively. These changes may likely influence considerations for potential investors and those looking to move to the parish, highlighting a possible increase in property value or local fiscal policy adjustments. The variability and overall rise in tax burdens should be of particular interest to real estate agents, appraisers, and insurance agents operating in the area.
Percentage of Farm Returns in Vermilion Parish, LA Over the Last 10 Years
Over the last decade in Vermilion Parish, Louisiana, there has been a slight decline in the percentage of farm tax returns. In 2012, farm tax returns hovered around 5.04%, with minor fluctuations over the years, dropping to approximately 4.37% by 2021. These numbers might indicate a gradual shift in the agricultural landscape or economic factors affecting local farmers. Understanding this trend is crucial for potential investors, property developers, or new residents interested in the agricultural viability and economic health of the region. Farm tax returns generally reflect the income reported by farm operators, including profits from farming activities, providing insights into the sustainability and profitability of local farming operations.
Number of Mortgages by Occupancy Type in Vermilion Parish, LA Over the Last 5 Years in Vermilion Parish
Vermilion Parish, Louisiana has seen a considerable fluctuation in mortgage activity over the past five years, with principal residences consistently making up the majority of mortgages. A notable trend is the slight decline in investment property mortgages, dropping from 150 in 2018 to 159 in 2022 while the number of principal residence mortgages peaked in 2021 at 2381 before declining to 1736 in 2022. Meanwhile, second residence mortgages have remained relatively stable but minimal. These changes in occupancy type could signal shifting investment strategies or economic conditions affecting property demand. For investors, this could indicate a need to evaluate rental market potential. Appraisors and insurance agents might find these trends influence property valuations and risk assessments. Real estate agents can benefit by aligning their strategies to focus on the most active segments, while builders might need insights to guide development projects. Local residents and those looking to move can understand the shifting landscape, influencing buying and selling decisions.
Economic Outlook
Vermilion Parish, Louisiana has seen some variability in average taxable income over the past nine years, with noticeable dips in 2016 and a peak in 2021 at $58,078.64, signaling potential economic shifts or local employment changes. The uptick in average state and local income taxes per tax return starting in 2018, peaking at $8,832.08 in 2021, hints at growing income levels or evolving tax policies. Meanwhile, the average total tax liability per tax return peaked at $9,898.79 in 2014 and... Read more
Average Taxable Income per Tax Return in Vermilion Parish, LA over the last 9 years
Vermilion Parish, Louisiana has shown some variability in average taxable income over the past nine years, with noticeable dips in 2016 and a peak in 2021 at $58,078.64. This fluctuation indicates potential economic shifts or changes in local employment trends which could be critical for potential investors and real estate agents. The general upward trend since 2017 suggests a recovery phase, making it an intriguing prospect for those considering moving to or investing in the area.
Average State and Local Income Taxes Per Tax Return in Vermilion Parish, LA Over the Last 10 Years
Average state and local income taxes per tax return in Vermilion Parish, Louisiana, have generally increased over the past decade. While the taxes hovered around the $5,000 mark from 2012 to 2017, there was a sharp uptick starting in 2018, peaking at $8,832.08 in 2021. This trend might signal growing income levels or changing tax policies, which could impact decisions for potential investors and residents considering financial commitments in the area.
Average Total Tax Liability Per Tax Return in Vermilion Parish, LA Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Vermilion Parish, Louisiana, has shown some fluctuations but generally trended downwards. Peaking at $9,898.79 in 2014, the tax liability mostly declined, reaching its lowest point at $7,187.42 in 2020 before a slight uptick to $8,499.12 in 2021. This volatility could be of interest to potential investors or residents who are considering the financial climate of the area. Insurers and appraisers might also note these shifts when evaluating long-term commitments in Vermilion Parish.
Cost of Living in Vermilion Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,040 | $1,331 | $2,309 | $1,233 | $1,224 |
| 1 adult 4 children | $1,040 | $1,087 | $1,769 | $1,233 | $1,365 |
| 2 adults 3 children | $1,040 | $1,087 | $2,002 | $1,233 | $991 |
| 1 adult 3 children | $1,040 | $888 | $1,462 | $1,233 | $1,101 |
| 2 adults 2 children | $815 | $890 | $1,695 | $1,068 | $854 |
| 1 adult 2 children | $815 | $665 | $1,155 | $1,068 | $802 |
| 2 adults 1 child | $815 | $704 | $1,388 | $534 | $754 |
| 1 adult 1 child | $815 | $454 | $847 | $534 | $628 |
| 2 adults | $722 | $565 | $1,081 | $0 | $651 |
| 1 adult | $581 | $308 | $540 | $0 | $515 |
Safety trends & Data
Vermilion Parish, Louisiana has experienced notable shifts in property crime trends over the past five years. Arson cases saw a dramatic spike in 2019, jumping to 30 from just 1 in 2018, but dropped back to low single digits by 2020. Burglary and larceny-theft rates have generally declined, possibly indicating improved home and personal security. Fraud and forgery cases have remained relatively minimal but continue to be a concern. These trends could suggest more favorable conditions for... Read more
Property Crime Trends in Vermilion Parish, LA Over the Last 5 Years
Vermilion Parish, Louisiana has seen some notable shifts in property crime trends over the past five years. There was a striking spike in arson cases in 2019, jumping to 30 from just 1 in 2018, yet falling back to low single digits by 2020. Meanwhile, burglary and larceny-theft rates have generally declined, signaling potential improvements in home and personal security. Fraud and forgery cases have remained relatively minimal throughout, but always present as concerns. For investors, insurance agents, and potential residents, it suggests careful consideration of evolving safety measures and possibly more favorable conditions for property investments over time.
Demographics
Vermilion Parish, Louisiana, exhibits a slight female majority among adults, with educational attainment showing a predominant level of high school graduates, though only a smaller fraction holds a bachelor's or higher degree. Age distribution appears balanced, with notable segments among young children and middle-aged adults. The racial composition is predominantly White, with smaller Black or African American, Asian, and other minority populations, suggesting potential areas for targeted... Read more
Race Distribution in Vermilion Parish, Louisiana (2022)
Educational Attainment in Vermilion Parish, Louisiana (2022)
Age Distribution in Vermilion Parish, Louisiana
Citizen Population in Vermilion Parish, Louisiana (2022)
Political Trends & Data
Vermilion Parish, Louisiana, exhibits a solidly conservative leaning, with approximately 80% of votes potentially going towards the Republican party in the 2020 presidential election. The Democratic party trails significantly, capturing around 18% of the vote, while Libertarian and other minor parties collectively garner less than 1.5%. This distribution may indicate a robust conservative voter base that could influence local policies and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Vermilion Parish, Louisiana, shows a strong leaning towards the Republican party, with approximately 80% of the vote potentially going their way in the 2020 presidential election. The Democratic party lags significantly behind, with a vote share of around 18%, while Libertarian and other minor parties collectively capture less than 1.5% of the total votes. This distribution may suggest a solidly conservative voter base in this region.
80.26% of voters voted for the Republican party in the 2020 Presidential Election
18.33% of voters voted for the Democrat party in the 2020 Presidential Election
0.83% 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
Vermilion Parish, Louisiana, has seen consistent fluctuations in its student-to-teacher ratio, peaking at nearly eighteen in 2020, which is significantly above the national average of fourteen students per teacher. Even with recent figures dropping slightly to around seventeen, this higher ratio could affect families prioritizing smaller class sizes. Investors, too, might keep an eye on these trends for educational infrastructure opportunities, and real estate agents could find it impactful... Read more
Student-to-teacher ratio in Vermilion Parish, Louisiana over the last 10 years
Vermilion Parish, Louisiana has experienced notable fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked at nearly eighteen in 2020, well above the national average of fourteen students per teacher, raising potential concerns for those valuing smaller class sizes. The recent figures, though slightly lower, still hover around seventeen. These trends could influence decisions for families prioritizing individualized attention, investors considering educational infrastructure, or real estate agents highlighting local school quality to prospective buyers.
