Vernon Parish Real Estate and Livability Trends
Vernon Parish, Louisiana, has seen a substantial rise in average taxable income, from $45,185.91 in 2013 to $55,180.61 in 2021, indicating potential economic growth despite a parallel increase in state and local income taxes. Median home values have climbed from $98,000 in 2015 to $141,900 in 2022, though they remain below state and national medians. Real estate taxes have also surged, affecting... Read more
Vernon Parish Market Trends
Vernon Parish, Louisiana, has seen median home values jump from $98,000 in 2015 to $141,900 in 2022, yet still lags behind the state median of $198,300 and the national median of $179,400. Real estate taxes have risen significantly, from approximately $1,397.55 in 2012 to about $2,625.81 in 2021, impacting property affordability. Residential energy tax credits have varied, peaking notably at... Read more
Median Value of Occupied Housing Units in Vernon Parish, Louisiana Over the Last 8 Years
Vernon Parish, Louisiana has seen a consistent climb in median home values over the past eight years, jumping from $98,000 in 2015 to $141,900 in 2022. While this growth is commendable, it's interesting to note that Vernon Parish falls significantly below Louisiana's 2022 median home value of $198,300 and the national median of $179,400. This suggests the area might offer more affordable housing options compared to broader state and national markets, potentially making it an appealing investment for those looking for better value in Louisiana's real estate landscape.
Residential Energy Tax Credit Per Tax Return in Vernon Parish, LA Over the Last 9 Years
Vernon Parish, Louisiana has seen fluctuations in residential energy tax credits per tax return over the past nine years. The average credit spiked notably in 2018, reaching $2700.00, suggesting possible incentives or increased adoption of energy-efficient improvements during that period. Conversely, 2016 saw a significant drop to $550.00, potentially indicating reduced state or federal incentives. This variability can be a critical factor for homeowners and investors in understanding energy-related financial benefits and planning property upgrades accordingly.
Average Real Estate Taxes Per Tax Return in Vernon Parish, LA Over the Last 10 Years
Real estate taxes in Vernon Parish, Louisiana have shown a noticeable upward trend over the past decade, starting at approximately $1,397.55 in 2012 and reaching around $2,625.81 in 2021. The significant rise in recent years, particularly from 2017 onward, indicates a more rapid increase, suggesting potential impacts on property affordability and investment opportunities. This trend may influence decisions for those considering building, buying, or investing in local real estate, with higher taxes likely affecting overall costs and returns.
Percentage of Farm Returns in Vernon Parish, LA Over the Last 10 Years
Over the last decade, Vernon Parish, Louisiana has seen a slight but steady increase in the percentage of farm tax returns, starting at approximately 2.04% in 2012 and rising to roughly 2.32% in 2021. Farm tax returns are filed by agricultural businesses or individuals to report income generated from farming activities, giving a sense of the agricultural sector's performance in the area. This trend suggests a modest growth in the farming industry, likely indicating somewhat stable or increasing economic health for local agriculture. For investors, potential residents, or those considering development in Vernon Parish, this data could imply a resilient and possibly expanding agricultural base, which might be a sign of overall economic stability.
Number of Mortgages by Occupancy Type in Vernon Parish, LA Over the Last 5 Years in Vernon Parish
In Vernon Parish, Louisiana, mortgage trends over the past five years indicate a significant preference for principal residences, with counts consistently surpassing those for investment properties and second residences. This implies a strong demand for primary housing, making it appealing for home buyers and real estate agents focused on long-term occupants. Changes in the number of mortgages for investment properties, though less pronounced, reveal some interest in rental markets, which might interest investors. These variances in occupancy type also give insights to appraisers and insurance agents regarding market stability and risk profiles. Additionally, builders and developers can tailor projects based on these insights to better meet local housing demand.
Economic Outlook
Vernon Parish, Louisiana, has experienced a steady climb in average taxable income per tax return from $45,185.91 in 2013 to $55,180.61 in 2021, hinting at economic growth that might entice real estate investors and agents. However, average state and local income taxes per tax return have also increased markedly from $3,952.00 in 2012 to $7,194.74 in 2021, potentially affecting disposable income and living costs. Average total tax liability per tax return has seen fluctuations, with notable... Read more
Average Taxable Income per Tax Return in Vernon Parish, LA over the last 9 years
The average taxable income per tax return in Vernon Parish, Louisiana, has seen a steady increase over the past nine years, rising from $45,185.91 in 2013 to $55,180.61 in 2021. This upward trend could be indicative of a growing economy, which might attract investors and real estate agents looking for promising markets. For those planning to move to the area or build property, the rising income levels might suggest a potentially stable and affluent community. Additionally, appraisers and insurance agents might find this data useful when evaluating property values and premiums.
Average State and Local Income Taxes Per Tax Return in Vernon Parish, LA Over the Last 10 Years
Vernon Parish, Louisiana has experienced fluctuating state and local income taxes per tax return over the past decade. Notably, there has been a considerable increase in recent years, with average taxes rising from around $3,952.00 in 2012 to approximately $7,194.74 in 2021. This sharp rise, particularly from 2018 onwards, may suggest significant changes in local and economic policies or shifts in the financial landscape. Investors and potential residents should consider these trends, as higher taxes could impact disposable income and cost of living.
Average Total Tax Liability Per Tax Return in Vernon Parish, LA Over the Last 10 Years
In Vernon Parish, Louisiana, the average total tax liability per tax return has exhibited fluctuations over the past decade, with values ranging from $5,577.19 in 2018 to $6,620.52 in 2021. Notable peaks and troughs, such as the increase in 2014 to $6,112.57 and the subsequent dip to $5,577.19 in 2018, suggest potential variability in economic conditions and tax policy impacts in the area. This pattern offers insights for potential investors and property developers to consider the economic stability and fiscal landscape of the parish when making decisions. Real estate agents and appraisers may find these trends particularly useful for gauging market health and advising clients accordingly.
Cost of Living in Vernon Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,209 | $1,432 | $2,219 | $951 | $1,197 |
| 1 adult 4 children | $1,209 | $1,169 | $1,700 | $951 | $1,332 |
| 2 adults 3 children | $1,209 | $1,170 | $1,924 | $951 | $962 |
| 1 adult 3 children | $1,209 | $955 | $1,405 | $951 | $1,040 |
| 2 adults 2 children | $961 | $957 | $1,629 | $828 | $817 |
| 1 adult 2 children | $961 | $715 | $1,110 | $828 | $775 |
| 2 adults 1 child | $961 | $757 | $1,333 | $427 | $766 |
| 1 adult 1 child | $961 | $489 | $814 | $427 | $642 |
| 2 adults | $730 | $608 | $1,038 | $0 | $645 |
| 1 adult | $725 | $332 | $519 | $0 | $555 |
Safety trends & Data
Vernon Parish, Louisiana has seen a notable drop in property crime over the last three years, particularly in larceny-theft, which fell from 142 incidents in 2018 to 77 in 2020. Burglary rates also decreased, going from 51 to 32 incidents. Despite a minor uptick in motor vehicle theft, vandalism incidents decreased from 48 to 30. This trend suggests improved crime prevention measures or changing criminal patterns, which holds significance for investors, homebuyers, and real estate professionals... Read more
Property Crime Trends in Vernon Parish, LA Over the Last 3 Years
Vernon Parish, Louisiana has experienced a noteworthy decline in several property crime categories over the past three years. The most significant decrease has been seen in larceny-theft, dropping from 142 incidents in 2018 to 77 in 2020. Burglary incidents saw a similar decline, from 51 in 2018 to 32 by 2020. However, motor vehicle theft slightly increased, while vandalism decreased from 48 to 30 incidents over the same period. This trend may suggest improved crime prevention measures or shifting criminal activities, which is substantial for investors, homebuyers, and real estate professionals monitoring the area's safety and property value.
Demographics
Vernon Parish, Louisiana shows a slightly higher number of males compared to females in its adult population. The educational attainment data suggests that a significant portion of the population has achieved a high school diploma, but fewer have pursued higher education degrees. The age distribution leans towards a younger population, particularly those under 35 years old, indicating potential long-term stability in the workforce. Racially, the parish is predominantly White, with Black or... Read more
Race Distribution in Vernon Parish, Louisiana (2022)
Educational Attainment in Vernon Parish, Louisiana (2022)
Age Distribution in Vernon Parish, Louisiana
Citizen Population in Vernon Parish, Louisiana (2022)
Political Trends & Data
Vernon County in Louisiana demonstrated a significant Republican lean in the 2020 U.S. Presidential Election, with approximately 81.70% of the vote going to the Republican candidate, possibly reflecting a strong conservative presence in the area. Democrats garnered around 16.80%, which might suggest limited but notable support. The Libertarian and other parties collectively made up about 1.50%, hinting at a minor yet existent alternative political sentiment. This data may highlight a... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Vernon County in Louisiana demonstrated a significant Republican lean in the 2020 U.S. Presidential Election, with approximately 81.7% of the vote going to the Republican candidate, possibly reflecting a strong conservative presence in the area. Democrats garnered around 16.8%, which might suggest limited but notable support. The Libertarian and other parties collectively made up about 1.5%, hinting at a minor yet existent alternative political sentiment. This data may highlight a predominantly Republican landscape but implies pockets of diverse political views.
81.69% of voters voted for the Republican party in the 2020 Presidential Election
16.78% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.43% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Vernon Parish, Louisiana, the student-to-teacher ratio has seen notable fluctuations over the past decade, dropping from about 22 students per teacher in 2014 to around 12 in 2017, before stabilizing near 17 students per teacher in recent years. With the national average at 14, these larger class sizes could hint at implications for education quality, individual attention, and teacher workload. Such trends might be crucial for investors, educators, and parents when considering property... Read more
Student-to-teacher ratio in Vernon Parish, Louisiana over the last 10 years
Over the last ten years in Vernon Parish, Louisiana, the student-to-teacher ratio has fluctuated significantly, dropping from a high of around 22 students per teacher in 2014 to a low of nearly 12 in 2017. There has been a gradual increase since then, with recent years maintaining a ratio of approximately 17 students per teacher. This higher than average student-to-teacher ratio could imply larger class sizes compared to the national average of 14, potentially affecting the quality of education, individual attention to students, and teacher workload. Such variations might interest potential investors, educators, and parents, as they often consider education standards a critical factor when making decisions about relocating or investing in property in the area. Real estate agents and appraisers might also find these trends useful for understanding the local educational landscape and its impact on property values.
