Louisiana Real Estate Market Trends & Analysis

Driven primarily by the energy sector in recent years, the economy of Louisiana has seen modest gains. As a result, the Louisiana real estate market has managed to tread water for the time being. While housing indicators have, in fact, improved, there is still plenty of ground to make up. There is, however, one factor working heavily in favor of real estate in Louisiana: affordability.

With a median home value well below the national average, it is considerably more affordable to own in most of Louisiana than it is to rent. As a result, there is plenty of demand, which bodes well for local real estate investors. Those who get in sooner rather than later may find they are simultaneously able to acquire great deals with attractive profit margins.

Louisiana Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Attorneys, Corporate Title Agents
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Judicial
Process Period: 2 - 6 months
Notice of Sale: Sheriff
Redemption Period: None

Taxes

Income Tax: 2% - 6%
Corporate Tax: 4 - 8%
Sales Tax: 4.00%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 0.18%
Property Taxes by County: http://www.tax-rates.org/louisiana/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,580.00
Transfer Fee: No Fees
Origination Fee: $1,928.00

Overview

  • Median Home Value: $147,200
  • 1-Year Appreciation Rate: +1.0%
  • Median Home Value (1-Year Forecast): +0.3%
  • Median Rent Price: $1,200
  • Price-To-Rent Ratio: 10.22
  • Average Days On Market: 83
  • Unemployment Rate: 4.3% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 4,659,978 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $46,710 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 14.08%
  • Foreclosure Rate: 1 in every 2,329

Louisiana Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Deed and Tax Lien State
  • Interest Rate: 12% plus 5% penalty on TLCs
  • Redemption Period: 3 Years on TLCs