Washington Parish Real Estate and Livability Trends
Washington Parish, Louisiana has shown modest yet consistent growth in average taxable income, rising from $42,022.54 in 2019 to $46,886.92 by 2021, which may signal a growing economy. Median home values have climbed from $79,600 in 2015 to $133,200 in 2022, outpacing the national average and indicating potential affordability for buyers. As property crime trends reveal fluctuations, with... Read more
Washington Parish Market Trends
Washington Parish, Louisiana has experienced a steady rise in median home values from $79,600 in 2015 to $133,200 in 2022, suggesting affordability for buyers and investors, even as it grows faster than the national average. Trends in residential energy tax credits show fluctuations, with peaks in 2013 and 2014 but a general decline since, hinting at changing policies or economic conditions. Real... Read more
Median Value of Occupied Housing Units in Washington Parish, Louisiana Over the Last 8 Years
Washington Parish, Louisiana has seen a steady increase in median home values over the last eight years, rising from $79,600 in 2015 to $133,200 in 2022. This growth outpaces the national average growth but remains lower in absolute terms compared to both the state and national levels, with the median home value in Louisiana at $198,300 in 2022 and the national figure at $179,400. This indicates potential affordability for homebuyers and investors looking for growth in an emerging market while still keeping entry costs comparatively low.
Residential Energy Tax Credit Per Tax Return in Washington Parish, LA Over the Last 9 Years
In Washington Parish, Louisiana, the average residential energy tax credit per tax return has seen notable fluctuations over the past nine years. Peaks were observed in 2013 and 2014 at approximately $1,730.95 and $1,784.09 respectively, while dips occurred in subsequent years, with the lowest at about $1,009.09 in 2016. Despite variance, the trend suggests a general decline in the financial benefit received from these credits, which might signal changes in policy, energy consumption patterns, or economic conditions. Potential investors, property developers, and insurance agents may find this data relevant as it could impact housing costs and energy savings incentives in the local market.
Average Real Estate Taxes Per Tax Return in Washington Parish, LA Over the Last 10 Years
Over the last decade, Washington Parish, Louisiana has seen a general upward trend in average real estate taxes per tax return, with a notable jump from around $1,050.54 in 2012 to approximately $1,796.55 in 2021. Key surges occurred in 2016 and 2018, suggesting potential increases in property values or tax rates during those years. This gradual increase in tax obligations might interest investors, property developers, and real estate agents, as it reflects evolving market conditions and the economic landscape of the area.
Percentage of Farm Returns in Washington Parish, LA Over the Last 10 Years
Washington Parish, Louisiana has seen fluctuating farm tax returns over the past decade, hitting a peak of approximately 5.49% in 2017 and a low of around 4.57% in 2020. This metric, which refers to the percentage of total tax filings that are categorized as farm returns, offers insight into the economic activity related to agriculture in the region. For investors, potential residents, and developers, these trends could suggest varying levels of agricultural profitability and operational scale, helping shape decisions about land use and investment opportunities. Higher percentages might indicate prosperous agricultural conditions, whereas lower values could signal shifts toward other economic activities or challenges within the farming sector.
Number of Mortgages by Occupancy Type in Washington Parish, LA Over the Last 5 Years in Washington Parish
Over the last five years, Washington Parish, Louisiana has seen fluctuating trends in mortgage counts across different occupancy types. Principal residences have consistently led the number of mortgages, with a notable increase in 2021. Investment properties and second residences have shown smaller, yet significant variations. Observing these trends is crucial for investors, real estate agents, and insurance agents as they indicate changing demands and potential market opportunities. For those looking to move or develop property, understanding these dynamics might offer insights into preferred areas or property types, potentially influencing property values and insurance premiums.
Economic Outlook
Washington Parish, Louisiana has experienced modest, yet consistent growth in average taxable income, moving from $42,022.54 in 2019 to $46,886.92 by 2021. Similarly, average state and local income taxes have seen significant increases, peaking at $5,826.83 in 2021. These trends, along with the general climb in total tax liabilities to around $6,051.80, suggest a possibly growing economy and demographic shifts that could be interesting to property investors and real estate professionals. Such... Read more
Average Taxable Income per Tax Return in Washington Parish, LA over the last 9 years
Average taxable income per tax return in Washington Parish, Louisiana has seen modest fluctuations over the past nine years, generally trending upwards. Notable points include a significant rise from $42,022.54 in 2019 to $46,886.92 in 2021, indicating possible economic growth or demographic shifts. This trend is crucial for potential property investors and real estate professionals as it could signify a growing local economy and increasing income levels. Appraisers and insurance agents might also find these data points indicative of evolving market dynamics, potentially affecting property valuations and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Washington Parish, LA Over the Last 10 Years
Washington Parish, Louisiana has experienced a notable increase in average state and local income taxes per tax return over the past decade. From a relatively stable range of around $3,200 to $3,300 between 2012 and 2017, there was a significant jump starting in 2018, more than doubling from previous years to $4,590 and peaking at $5,826.83 in 2021. This trend could be of interest to potential investors and residents considering the parish, as it suggests changes in tax policy or economic conditions that may impact financial planning and decision-making.
Average Total Tax Liability Per Tax Return in Washington Parish, LA Over the Last 10 Years
Over the past decade, tax liabilities in Washington Parish, Louisiana, have generally climbed, peaking at approximately $6,051.80 in 2021. Notable fluctuations include a low of roughly $5,169.53 in 2019 and a significant dip in 2018. These changes could be reflective of local economic shifts and policy changes, potentially offering key insights for investors, real estate agents, and appraisers. The steady rise in tax liabilities, despite some years showing a decrease, might be indicative of rising property values and changing demographics in the area.
Cost of Living in Washington Parish
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,052 | $1,420 | $2,294 | $986 | $1,161 |
| 1 adult 4 children | $1,052 | $1,159 | $1,758 | $986 | $1,253 |
| 2 adults 3 children | $1,052 | $1,160 | $1,989 | $986 | $903 |
| 1 adult 3 children | $1,052 | $947 | $1,453 | $986 | $986 |
| 2 adults 2 children | $740 | $949 | $1,683 | $855 | $762 |
| 1 adult 2 children | $740 | $709 | $1,147 | $855 | $687 |
| 2 adults 1 child | $740 | $750 | $1,377 | $427 | $702 |
| 1 adult 1 child | $740 | $485 | $841 | $427 | $569 |
| 2 adults | $655 | $603 | $1,072 | $0 | $628 |
| 1 adult | $627 | $329 | $536 | $0 | $530 |
Safety trends & Data
Property crime trends in Washington Parish, Louisiana, reveal intriguing patterns over the last five years. Larceny-theft remains the most common crime, peaking at 288 incidents in 2019. Burglary showed a downward trend from 2018 to 2021 but rose slightly in 2022. Vandalism incidents have been relatively stable, possibly impacting insurance premiums and property values. Motor vehicle theft spiked in 2021. These nuances are crucial for real estate agents, investors, and appraisers to understand... Read more
Property Crime Trends in Washington Parish, LA Over the Last 5 Years
Property crime trends in Washington Parish, Louisiana, reveal intriguing patterns over the last five years. Larceny-Theft consistently emerges as the most frequent crime, peaking at 288 incidents in 2019 and reflecting a significant aspect for potential investors and residents to consider. Burglary has shown a downward trend from 2018 to 2021 but saw a slight increase in 2022. Instances of vandalism have remained relatively stable, which might impact insurance premiums and property values. Notably, motor vehicle theft spiked in 2021. These nuances are crucial for real estate agents and appraisers to understand market conditions and for those looking to mitigate risks in their investments.
Demographics
In Washington Parish, Louisiana, males account for a slightly larger portion of the adult population compared to females. The community shows a significant portion of high school graduates, but a noticeable drop in higher education attainment, with fewer individuals holding associate or advanced degrees. Age-wise, the population is evenly spread, though there's a slight peak in residents aged 35 to 64. When it comes to racial composition, whites make up the majority, followed by blacks or... Read more
Race Distribution in Washington Parish, Louisiana (2022)
Educational Attainment in Washington Parish, Louisiana (2022)
Age Distribution in Washington Parish, Louisiana
Citizen Population in Washington Parish, Louisiana (2022)
Political Trends & Data
In Washington County, Louisiana, the 2020 U.S. Presidential Election results indicate a strong Republican preference, with roughly 68% of votes favoring the Republican candidate. Democrats received around 31% of the vote, highlighting a significant gap. Minor parties, like the Libertarians and others, collectively captured just over 1%, suggesting limited impact on the local political landscape. This political tilt could potentially influence local real estate trends, as areas with strong... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Louisiana, the 2020 U.S. Presidential Election leaned heavily Republican, with approximately 68% of votes going to the party. Democrats garnered about 31%, showing some support but lagging significantly. Libertarian and Other parties combined barely made a dent, capturing just over 1% together. These figures suggest a strong Republican preference in this specific area.
68.20% of voters voted for the Republican party in the 2020 Presidential Election
30.59% of voters voted for the Democrat party in the 2020 Presidential Election
0.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past ten years, the student-to-teacher ratio in Washington Parish, Louisiana fluctuated noticeably, peaking at around 18 from 2018 onwards, which exceeds the national average by three to four students. These shifts can impact classroom dynamics, learning outcomes, property values, school funding, and community investment opportunities. For investors, families considering relocation, or professionals in real estate, insurance, and appraisal, understanding these trends can offer valuable... Read more
Student-to-teacher ratio in Washington Parish, Louisiana over the last 10 years
Over the past ten years, the student-to-teacher ratio in Washington Parish, Louisiana fluctuated noticeably. Starting at 14 in 2014, it saw an increase to 15 in 2015 and 2016 before dropping to around 14 students per teacher in 2017. However, from 2018 onwards, the ratio surged to approximately 17 or 18, which exceeds the national average by three or four students. These variations in student-to-teacher ratios can significantly impact classroom dynamics and learning outcomes, possibly affecting property values, school funding, and community investment opportunities. For potential investors, families considering relocation, or professionals in real estate, insurance, and appraisal fields, understanding these trends can offer insights into the educational environment and its broader implications on the local market.
