Oklahoma Real Estate and Livability Trends
Oklahoma's housing market has seen median home values rise from $117,900 in 2015 to $170,500 in 2022, though it remains below the national median, potentially making it an attractive option for affordable investments. Average taxable income per tax return increased from $57,464.44 in 2013 to $70,938.03 in 2021, highlighting growing economic opportunities that might attract investors and... Read more
Oklahoma Market Trends
Oklahoma's housing market has seen the median home values rise significantly from $117,900 in 2015 to $170,500 in 2022, yet it still lags behind the national median, making it potentially attractive for affordable investments. Between 2013 and 2021, Oklahoma's residential energy tax credit per tax return has fluctuated, with notable spikes in 2018 and 2021, which may hint at changing policies or... Read more
Median Value of Occupied Housing Units in Oklahoma Over the Last 8 Years
Over the last eight years, the median home values in Oklahoma have seen a steady rise from $117,900 in 2015 to $170,500 in 2022. While this represents a robust increase, it's still trailing behind the national median values, which grew from $125,500 to $179,400 in the same period. This trend suggests that Oklahoma's housing market might offer more affordable investment opportunities compared to the national average, making it potentially attractive for first-time buyers or those looking to maximize their housing investments.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Oklahoma over the last 10 years
Active Loans 30-60 Days Past Due in Oklahoma over the last 10 years in Oklahoma
Perent of loans that are Active Loans 90-180 Days Past Due in Oklahoma over the last 10 years in Oklahoma
Residential Energy Tax Credit Per Tax Return in Oklahoma Over the Last 9 Years
Over the past nine years, Oklahoma has seen significant volatility in its average residential energy tax credit per tax return. Starting from around $405.22 in 2013, it gradually increased until a notable spike in 2018 at approximately $2,076.13. Though it did drop to about $943.63 in 2019, it resumed an upward trajectory, reaching nearly $1,487.56 in 2021. This fluctuating trend may hint at evolving state policies or shifts in energy efficiency investments, making it an interesting factor for those considering residential developments or energy-focused investments in Oklahoma.
Average Real Estate Taxes Per Tax Return in Oklahoma Over the Last 10 Years
Over the past decade in Oklahoma, average real estate taxes per tax return have gradually increased from roughly $2,282 in 2012 to approximately $4,414 in 2021. Notably, there's a significant jump between 2017 and 2018, indicating possible local policy changes or shifts in property values that year. For investors and potential homeowners, this escalation may flag a need for thorough financial planning. Real estate agents and insurance professionals might find this trend indicative of growing property values and evolving market dynamics in the region.
Percentage of Farm Returns in Oklahoma Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Oklahoma has hovered around 4.6%, noting slight fluctuations from 2012's 4.70% to 2021's 4.37%. Farm tax returns indicate how many farmers are filing taxes, reflecting the state's agricultural activity. This data might be a useful indicator for those considering investment or property development in Oklahoma, as it points to possible trends in farming viability and agricultural growth in the region. Understanding these patterns could assist in making informed decisions regarding real estate or business opportunities in farming areas.
Economic Outlook
Average taxable income per tax return in Oklahoma jumped from $57,464.44 in 2013 to $70,938.03 in 2021, suggesting growing economic opportunities that could attract investors and real estate developers. Oklahoma's state and local income taxes have also risen significantly, from about $6,385.80 in 2017 to over $10,447.04 by 2021, potentially affecting disposable income and property value assessments. These trends imply shifting economic conditions that might influence financial decisions for... Read more
Average Taxable Income per Tax Return in Oklahoma over the last 9 years
Average taxable income per tax return in Oklahoma has fluctuated, with a noticeable increase from $57,464.44 in 2013 to $70,938.03 in 2021. After a dip in 2016, the average income generally trended upwards, peaking significantly in 2021. This pattern might suggest growing economic opportunities, making the area potentially appealing to investors, real estate developers, and those considering relocation. For insurance agents and appraisers, this trend could imply changing risk profiles and property values in Oklahoma.
Average State and Local Income Taxes Per Tax Return in Oklahoma Over the Last 10 Years
Oklahoma's average state and local income taxes per tax return have shown a notable upward trend over the last decade, with a significant jump between 2017 and 2018, rising from approximately $6,385.80 to $9,293.26. By 2021, this figure reached over $10,447.04, suggesting increasing tax burdens that could influence financial decisions for potential homeowners and investors. Real estate professionals and appraisers might find this data particularly relevant, as higher taxes can impact disposable income and overall property value assessments. Potential residents and existing homeowners should also consider these trends when planning long-term financial commitments and weighing the cost of living in Oklahoma.
Average Total Tax Liability Per Tax Return in Oklahoma Over the Last 10 Years
Average total tax liability per tax return in Oklahoma has shown notable fluctuations over the past decade. After a steady increase reaching a high of approximately $10,964.96 in 2014, there was a dip to around $10,055.84 by 2016. Although there have been marginal recoveries and declines, the period ended with a marked increase, peaking at approximately $11,732.57 in 2021. Such oscillations highlight variable economic conditions, impacting fiscal considerations for potential investors, homeowners, and real estate professionals evaluating the region.
Cost of Living in Oklahoma
Safety trends & Data
In Oklahoma, property crime trends over the past five years reveal notable variations, with fraud cases peaking at 11,649 in 2019 before dropping to 7,768 in 2022. Vandalism incidents hit their highest at 1,675 in 2020, whereas larceny-theft declined steadily from 2,447 in 2018 to 2,138 in 2022. Arson saw a sharp rise, peaking at 1,522 in 2020 but decreasing to 1,285 in 2022. Meanwhile, motor vehicle thefts fluctuated, reaching a low of 193 cases in 2022. These crime trends provide valuable... Read more
Property Crime Trends in Oklahoma Over the Last 5 Years
Property crime trends in Oklahoma over the past five years show a significant variation across different crime categories. Fraud remains the most prevalent, fluctuating from a high of 11,649 cases in 2019 to 7,768 cases in 2022. Vandalism and larceny-theft follow, with vandalism peaking at 1,675 incidents in 2020 and larceny-theft showing a gradual decline from 2,447 cases in 2018 to 2,138 in 2022. Interestingly, arson incidents have seen a notable increase, rising from 886 cases in 2018 to a peak of 1,522 in 2020 before decreasing to 1,285 in 2022. Motor vehicle theft numbers show some fluctuation, with a high of 408 cases in 2019 and a notable dip to 193 cases in 2022. These trends can be crucial for potential investors, real estate agents, appraisers, insurance agents, and individuals considering relocation or property development in Oklahoma, as they offer insights into safety and the evolving nature of property crime in the area.
Demographics
Oklahoma's demographic landscape shows a pretty balanced split between male and female populations, with a slightly higher number of females. The state's age distribution leans towards younger demographics, with substantial numbers in the under-10 and 25-34 year age groups. Educational attainment highlights an interesting spread—lots of high school graduates and some college experience, but fewer with advanced degrees. Racially, Oklahoma is predominantly White, with notable communities of... Read more
Race Distribution in Oklahoma (2022)
Educational Attainment in Oklahoma (2022)
Age Distribution in Oklahoma
Citizen Population in Oklahoma (2022)
Political Trends & Data
In Oklahoma during the 2020 U.S. Presidential Election, Republicans seemed to capture a significant portion of the vote, around 21.80%, while Democrats attracted approximately 10.80%. Interest in third-party candidates, including Libertarians, appeared minimal, with each pulling in less than 1% of the vote. This trend offers a glimpse into the political leanings and voter priorities within the state, potentially influencing local real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Oklahoma during the 2020 U.S. Presidential Election, there seemed to be a notable trend with Republicans attracting a relatively large share of the vote, around 21.8%. Democrats, meanwhile, garnered approximately 10.8%. Interest in third-party candidates such as Libertarians and other parties appeared minimal, with each receiving less than 1% of the vote. This data could provide insight into the political landscape and voter preferences in Oklahoma during this election cycle.
21.79% of voters voted for the Republican party in the 2020 Presidential Election
10.76% of voters voted for the Democrat party in the 2020 Presidential Election
0.53% of voters voted for the Libertarian party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Oklahoma's student-to-teacher ratio has hovered around the national average of 14 students per teacher over the past decade, peaking at nearly 15 in 2018 but dipping below the average in 2021 and 2022. This stability in educational resource allocation suggests a steady community well-being, likely appealing to families and potentially boosting the attractiveness of local real estate. Lower ratios are often sought-after by parents seeking effective education, a key selling point for real estate... Read more
Student-to-teacher ratio in Oklahoma over the last 10 years
Oklahoma's student-to-teacher ratio has generally hovered slightly above or below the national average of 14 students per teacher over the last decade. Except for a peak of nearly fifteen in 2018, the ratio has remained quite stable, even dipping below the national average in 2021 and 2022. For potential investors, this relative stability suggests a consistency in educational resource allocation, which can be a significant indicator of community well-being and attractiveness for moving families. Lower ratios often appeal to discerning parents looking for effective educational environments, which could also interest real estate developers and agents as selling points. Appraisers and insurance agents also might consider these ratios when assessing risks and values associated with residential properties, given that more personalized educational settings can enhance community value.
