Land Market Insights and Pricing in Assumption Parish, Louisiana

Assumption Parish, Louisiana, offers a distinctive landscape shaped by its extensive waterways and fertile soils. Covering 339 square miles of land, the parish is bisected by Bayou Lafourche and bordered by the Atchafalaya River, creating a network of bayous and wetlands that define its low-lying terrain. This water-rich environment supports the parish's agricultural prowess, particularly in sugar cane production. Land buyers will find a mix of marshy areas prone to flooding and higher ground suitable for farming or development. The parish's property tax rate of 0.43% is significantly below the national average, enhancing its appeal. With a median home price of $141,200, Assumption presents affordable land opportunities. The area's strong ties to its French and Spanish heritage, evidenced by the prevalent Cajun culture, add a unique character to the region. However, potential buyers should consider the susceptibility to hurricanes and tropical storms due to the parish's Gulf Coast proximity.