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Houma-Terrebonne's economy is strong and healthy. With a growing population and low unemployment rates, it's no wonder our workforce continues to grow and the real estate market holds strong. Houma, being the retail hub of a four-parish area, has documented, soaring retail sales. To a obtain a Customized Report, please contact Michelle Edwards., Marketing Director, at (985) 873-6815.
Average Sales Price for a Single Family Home
The Average Sales Price for a Family Home statistic represents the average amount realtors sold a residenital property for within Terrebenne.
Houma - Terrebonne Apartment Vacancy Rates
With all of the business and industry booming in Terrebonne, Houma's apartment vacancy rates are the some of the lowest in history. As of November of 2006, Houma-Terrebonne has a total of approximately 3,866 and a vacancy rate of less than 1 %.
Apartment complexes are in short supply. As more and more jobs become available, so will the demand for apartment complexes, townhomes, and affordable housing.
For more information of assistance when relocating to Terrebonne Parish, please call the Terrebonne Apartment Association at (985) 876-4830.
Total Hotel-Motel Tax Receipts
The Hotel and Motel Receipts statistic indicates the amount of taxes received by the parish for hotel and motel occupancy. Every time an individual pays for his or her room, a parish tax is assessed to that individual. This statistic is a good indicator of hotel and motel usage. These statistics for the most recent months are illustrated in the table below and the statistics for the previous ten years are represented in the graph.
The collection of sales tax receipts are congruent with collection of Hotel and Motel Receipts.
A retail sales potential report indicates the total dollar amount spent by consumers on retail goods and services in the Houma-Terrebonne retail area. It is further broken down into sales distribution statistics by industries. The Retail Sales Distribution statistic categorizes the retail industries and reports the percentage contribution of each. For instance, food sales represent 15.88% of the retail market. For a detailed report of the retail sales potential in our retail statistical area, please download the Retail Sales Potential Detail.
Not only is Houma-Terrebonne "The Good Life" by name, but our cost of living allows us to live, work, and have fun affordably. Refer to this Cost of Living Index for details.
Residential and Commercial Building Permits
The number of new residential and commercial building permits not only indicates the number of new home and business permits authorized by the local planning commission each year, but also provides a snapshot of the amount of growth for an area.
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