Alfalfa County Real Estate and Livability Trends
Alfalfa County, Oklahoma has some intriguing real estate trends. Over the past eight years, median home values have risen by 49%, surpassing both state and national averages. Consistent increases in real estate taxes from approximately $1,003.70 in 2012 to $1,785.71 in 2021 imply growing property valuations. Meanwhile, the significant spikes in residential energy tax credits hint at increasing... Read more
Alfalfa County Market Trends
Over the past eight years, Alfalfa County, Oklahoma, has seen a 49% rise in median home values, outpacing both state and national averages which grew by 44% and 43% respectively. This heightened growth trend could signal strong property value appreciation potential. Fluctuations in residential energy tax credits per tax return and a significant spike to $2,033.33 in 2016 hint at increasing... Read more
Median Value of Occupied Housing Units in Alfalfa County, Oklahoma Over the Last 8 Years
Over the past eight years, Alfalfa County, Oklahoma, has experienced a substantial rise in median home values, climbing from $64,600 in 2015 to $96,300 in 2022. This 49% increase significantly outpaces the 44% growth seen across Oklahoma during the same period. On the national level, median home values rose by about 43% from $125,500 in 2015 to $179,400 in 2022. For investors and prospective homeowners, Alfalfa County presents a compelling opportunity, with growth trends surpassing both state and national averages and signaling strong potential for property value appreciation.
Residential Energy Tax Credit Per Tax Return in Alfalfa County, OK Over the Last 4 Years
Over the past four years, Alfalfa County, Oklahoma has seen a fluctuating yet notable increase in residential energy tax credits per tax return. Starting in 2013 at $625.00, there was a dip to $560.00 in 2014, followed by a significant spike to $900.00 in 2015. The most dramatic leap occurred in 2016, reaching an average of $2,033.33 per tax return. This trend suggests growing investment in energy-efficient upgrades, which could make the area increasingly attractive for eco-conscious buyers and investors, potentially driving property values higher.
Average Real Estate Taxes Per Tax Return in Alfalfa County, OK Over the Last 10 Years
Over the last decade, Alfalfa County, Oklahoma has seen a notable and steady increase in average real estate taxes per tax return, rising from approximately $1,003.70 in 2012 to around $1,785.71 in 2021. This upward trend suggests growing property values and possibly increased county funding needs, aspects of great importance to potential investors, real estate professionals, insurance adjusters, and appraisers. Those with a stake in the Alfalfa County property market should account for these rising taxes when evaluating long-term costs and benefits.
Percentage of Farm Returns in Alfalfa County, OK Over the Last 10 Years
Alfalfa County, Oklahoma has seen fluctuations in the percentage of farm returns over the last decade. The percentages range from a high of approximately 26.61% in 2013 to a low of around 18.98% in 2020. Farm tax returns reflect the profitability and volume of agricultural activity; therefore, these trends can indicate economic health and productivity in the county. Stable percentages like these can be attractive for potential investors and those looking to build or buy property, suggesting a consistent agricultural presence. However, the notable dip in 2020 might call for closer examination by stakeholders interested in long-term investments or residency.
Number of Mortgages by Occupancy Type in Alfalfa County, OK Over the Last 5 Years in Alfalfa County
In Alfalfa County, Oklahoma, the mortgage landscape over the past five years shows a consistent dominance of principal residence mortgages, with numbers fluctuating around 63 to 83 mortgages annually. Investment properties hold a significantly smaller share, usually between 2 to 5 mortgages per year, and second residences seem nearly negligible. For potential investors or real estate agents, this trend suggests a market primarily driven by owner-occupied homes rather than rental or secondary properties, potentially pointing to a stable, family-oriented community. For appraisers and insurance agents, understanding these trends could aid in risk assessment and valuation accuracy, given that owner-occupied homes often differ in condition and insurance claims frequency compared to investment properties.
Economic Outlook
Alfalfa County, Oklahoma has experienced significant fluctuations in average taxable income per tax return over the last nine years, peaking at $108,623.72 in 2014 before dipping to $53,314.16 in 2020 and rebounding to $62,680.41 by 2021. State and local income taxes have shown similar variability, highlighting potential economic instability or shifting demographics. For those eyeing investments, real estate opportunities, or property development in the area, these trends signal a need for... Read more
Average Taxable Income per Tax Return in Alfalfa County, OK over the last 9 years
Over the last nine years, Alfalfa County, Oklahoma has seen quite a bit of fluctuation in average taxable income per tax return. In 2014, the average peaked at $108,623.72, but by 2020, it dipped to a low of $53,314.16. Since then, there has been a rebound to $62,680.41 in 2021. This variability might suggest economic instability or changing demographics and could be a key consideration for investors, real estate agents, and appraisers looking at market trends.
Average State and Local Income Taxes Per Tax Return in Alfalfa County, OK Over the Last 10 Years
Alfalfa County, Oklahoma, has seen fluctuating state and local income taxes per tax return over the last decade. From a high of $14,905.26 in 2014 to a low of $7,030.00 in 2020, the trend suggests variability in economic conditions and possibly changes in tax policy. Investors and real estate agents might see this as an indicator of the economic health and stability of the area, while appraisers and insurance agents could consider these fluctuations in their assessments. Prospective residents might find understanding these tax trends useful when planning long-term financial commitments in the county.
Average Total Tax Liability Per Tax Return in Alfalfa County, OK Over the Last 10 Years
Over the past decade, Alfalfa County, Oklahoma has seen notable fluctuations in average total tax liability per tax return. There was a peak in 2014 at $29,172.35, but this declined significantly by 2020 to $8,534.75, with a slight uptick in 2021 to $9,094.77. This volatility may indicate economic shifts or changes in the local tax base, suggesting a careful evaluation for those considering investments or property development.
Cost of Living in Alfalfa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $994 | $1,456 | $2,142 | $1,146 | $1,333 |
| 1 adult 4 children | $994 | $1,189 | $1,641 | $1,146 | $1,420 |
| 2 adults 3 children | $994 | $1,189 | $1,857 | $1,146 | $1,082 |
| 1 adult 3 children | $994 | $971 | $1,356 | $1,146 | $1,122 |
| 2 adults 2 children | $797 | $974 | $1,572 | $1,011 | $928 |
| 1 adult 2 children | $797 | $727 | $1,071 | $1,011 | $871 |
| 2 adults 1 child | $797 | $769 | $1,288 | $571 | $866 |
| 1 adult 1 child | $797 | $497 | $786 | $571 | $695 |
| 2 adults | $605 | $618 | $1,003 | $0 | $687 |
| 1 adult | $601 | $337 | $501 | $0 | $591 |
Safety trends & Data
Property crimes in Alfalfa County, Oklahoma, have shown some notable fluctuations over the past five years. Burglary incidents spiked with four cases each in 2021 and 2022, and larceny-theft reached its peak in 2021 before dropping significantly. Motor vehicle theft has remained relatively stable with minor yearly variations. These trends are important for investors and insurance agents when assessing risk and property values, and real estate agents and homebuyers should consider these factors... Read more
Property Crime Trends in Alfalfa County, OK Over the Last 5 Years
Over the last five years, Alfalfa County, Oklahoma, has seen fluctuating trends in property crimes. Notably, incidents of burglary spiked in 2021 and 2022 with four cases each year, a marked increase over previous years. Larceny-theft reached its peak in 2021 with six occurrences but dropped significantly in 2022. Motor vehicle theft remains relatively constant, with slight variations each year. Patterns suggest a mild but concerning rise in certain property crimes. Investors and insurance agents should take note of these trends when assessing risk and property values. Real estate agents and potential homebuyers should be aware of these data points, as they could impact neighborhood desirability and insurance premiums. Potential property developers may need to consider enhanced security measures.
Demographics
Alfalfa County, Oklahoma, shows a significantly higher population of males compared to females. Educational attainment data suggests that a substantial portion of residents have at least a high school diploma, but fewer attain higher education degrees such as Bachelor's or graduate degrees. The age distribution hints at a fairly balanced spread across different age groups, though younger and elderly populations are smaller. Racial composition is predominantly White, making up the lion's share... Read more
Race Distribution in Alfalfa County, Oklahoma (2022)
Educational Attainment in Alfalfa County, Oklahoma (2022)
Age Distribution in Alfalfa County, Oklahoma
Citizen Population in Alfalfa County, Oklahoma (2022)
Political Trends & Data
Alfalfa County, Oklahoma, appears to have a dominant Republican presence, with around 87% of the vote possibly favoring the GOP in the 2020 U.S. Presidential Election. Democratic support was notably lower, around 10%, while minor parties like Libertarians barely made a dent. This indicates a strong Republican-leaning electorate, which aligns with wider trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Alfalfa County, Oklahoma, exhibited a strong Republican preference in the 2020 U.S. Presidential Election, with approximately 87 percent of the vote potentially going to the GOP. Democratic support seemed significantly lower, hovering around 10 percent, while minor parties like the Libertarians and others garnered minimal traction. This suggests a heavily Republican-leaning electorate that's consistent with broader state trends seen in recent years.
87.44% of voters voted for the Republican party in the 2020 Presidential Election
10.26% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% of voters voted for the Livertarian party in the 2020 Presidential Election
0.93% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alfalfa County, Oklahoma, typically sees student-to-teacher ratios around 9 to 10, which is significantly below the national average of 14 students per teacher. An outlier in 2019 showed a spike to 25, hinting at an unusual uptick in student numbers or a drop in teaching staff. Such low ratios suggest more personalized attention for students, which could be attractive to families and real estate investors. This might also influence appraisers' views on educational quality and affect insurance... Read more
Student-to-teacher ratio in Alfalfa County, Oklahoma over the last 10 years
The student-to-teacher ratio in Alfalfa County, Oklahoma has fluctuated significantly over the past decade, predominantly remaining below the national average of 14 students per teacher. Notably, 2019 saw an unusual spike to 25, suggesting a possible temporary surge in student population or a decrease in teaching staff that year. Generally, with ratios often around 9 or 10, the county provides a learning environment where students may benefit from more individualized attention compared to other regions. This trend could influence the decision-making of families considering relocation, real estate investors evaluating community appeal, and appraisers assessing overall educational quality in the area. Lower ratios might also impact insurance agents' assessment of community growth potential and school-related risk factors.
