Beaver County Real Estate and Livability Trends
In Beaver County, Oklahoma, real estate trends vary notably, with median home values peaking at $106,500 in 2017 and 2022 but dipping as low as $89,300 in 2015. This suggests both risks and opportunities compared to more stable state and national markets. Factors like fluctuating property and state tax liabilities, which dropped from $11,903.24 in 2014 to $7,072.61 in 2016 before stabilizing,... Read more
Beaver County Market Trends
Beaver County, Oklahoma has seen some fluctuations in median home values over the past eight years, peaking at $106,500 in 2017 and 2022, but dipping as low as $89,300 in 2015. This relative volatility, compared to more consistent growth in state and national trends, could signal both opportunities and risks for potential investors and residents. Additionally, residential energy tax credits have... Read more
Median Value of Occupied Housing Units in Beaver County, Oklahoma Over the Last 8 Years
Over the past eight years, Beaver County, Oklahoma has witnessed some fluctuations in median home values, peaking twice at $106,500 in 2017 and 2022. The median value was as low as $89,300 in 2015, indicating a general upward trend, though with some volatility. For context, the state of Oklahoma and the nation have seen more consistent growth, with Oklahoma’s median home value rising from $117,900 in 2015 to $170,500 in 2022, and the national median value increasing from $125,500 to $179,400 over the same period. This relative volatility in Beaver County might signal both opportunities and risks for potential investors and residents evaluating market performance.
Residential Energy Tax Credit Per Tax Return in Beaver County, OK Over the Last 3 Years
Residential energy tax credits in Beaver County, Oklahoma have shown a noticeable decline over the past three years. The average credit per tax return dropped from $300.00 in 2013 to $200.00 in 2015. This downward trend might indicate a reduced uptake in energy-efficient home improvements or a change in legislation affecting the credits. For those in the real estate market, appraisals, or planning investments in energy-efficient homes, this could reflect shifting consumer behaviors or economic conditions impacting such incentives.
Average Real Estate Taxes Per Tax Return in Beaver County, OK Over the Last 10 Years
Beaver County, Oklahoma has seen a steady increase in average real estate taxes per tax return over the last decade, with notable jumps in 2016 ($1206.90) and 2019 ($1537.50). Despite a minor dip in 2020 to $1500.00, the overall trend suggests rising property taxes, possibly indicating increasing property values or changes in tax assessments. This information could be crucial for potential investors, real estate agents, and current residents to anticipate potential costs and value trends.
Percentage of Farm Returns in Beaver County, OK Over the Last 10 Years
Over the past decade, Beaver County, Oklahoma has seen the percentage of farm returns mostly hover around the 22% mark, experiencing minor fluctuations. In 2012, farm returns were at approximately 22.27% and slightly increased to roughly 23.24% in 2013. However, by 2020, the percentage dipped to about 20.98%, before showing a slight rise to around 21.83% in 2021. Farm tax returns generally reflect the financial activities and productivity of agricultural operations, which can influence local economic stability and investment opportunities. This metric can be crucial for prospective investors, property developers, or individuals evaluating the agricultural vitality and economic potential of Beaver County.
Number of Mortgages by Occupancy Type in Beaver County, OK Over the Last 5 Years in Beaver County
Over the past five years, the number of mortgages in Beaver County, Oklahoma has shown predominate interest in principal residences compared to investment properties and second residences. Interestingly, there was a notable jump in mortgages for principal residences in 2021, reaching 128, up from just 76 in 2019. This shift suggests a growing trend of settling down rather than investing or purchasing second homes. For investors or developers, the increased demand for principal residences may indicate a stable, long-term resident base, potentially leading to sustained community growth. Similarly, appraisers and insurance agents might find a consistent client base with fewer vacancy risks. Real estate agents can use this data to focus their marketing on homebuyers rather than investors, tailoring services to the predominant needs of the area's populace.
Economic Outlook
Beaver County, Oklahoma's real estate market might be influenced by notable fluctuations in economic indicators over the past decade. Average taxable income plummeted from $66,275.00 in 2014 to $42,481.25 in 2016, before bouncing back to $53,895.37 in 2021. Meanwhile, state and local income taxes also saw shifts, peaking at $7,534.29 in 2012, dipping to $4,707.14 in 2017, and recovering to $7,357.14 by 2021. Additionally, total tax liabilities dropped sharply from $11,903.24 in 2014 to... Read more
Average Taxable Income per Tax Return in Beaver County, OK over the last 9 years
Beaver County, Oklahoma shows a fluctuating trend in average taxable income per tax return over the past nine years. From a high of $66,275.00 in 2014, it dropped significantly to $42,481.25 by 2016, suggesting potential economic volatility. Recent years indicate a modest recovery, reaching $53,895.37 in 2021. This variability could influence decisions for potential investors, appraisers, and real estate agents looking to gauge economic stability and growth. For those considering relocation or property development, the income trends may reflect changing economic circumstances in the area.
Average State and Local Income Taxes Per Tax Return in Beaver County, OK Over the Last 10 Years
Beaver County, Oklahoma has seen some fluctuations in average state and local income taxes per tax return over the past decade. After a high of approximately $7,534.29 in 2012, the amount generally declined, hitting a low of around $4,707.14 in 2017, before rebounding to nearly $7,357.14 in 2021. These shifts might signal varying economic conditions or policy changes affecting taxpayers. For potential investors or those eyeing real estate opportunities, understanding these tax trends could be crucial in financial planning and assessing the overall economic health of the region.
Average Total Tax Liability Per Tax Return in Beaver County, OK Over the Last 10 Years
Over the past decade, Beaver County, Oklahoma has seen some notable fluctuations in average total tax liability per tax return. The most significant drop occurred from 2014 to 2016, where liabilities plummeted from $11,903.24 to $7,072.61. While there has been a slight resurgence in the past few years, reaching $7,530.59 in 2021, the liability levels still remain considerably lower than earlier in the decade. These trends might suggest changing economic conditions or a shift in resident demographics, offering potential opportunities for those interested in investing or moving to the area.
Cost of Living in Beaver County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,013 | $1,311 | $2,142 | $1,122 | $1,253 |
| 1 adult 4 children | $1,013 | $1,071 | $1,641 | $1,122 | $1,343 |
| 2 adults 3 children | $1,013 | $1,071 | $1,857 | $1,122 | $1,019 |
| 1 adult 3 children | $1,013 | $874 | $1,356 | $1,122 | $1,063 |
| 2 adults 2 children | $797 | $877 | $1,572 | $989 | $882 |
| 1 adult 2 children | $797 | $655 | $1,071 | $989 | $824 |
| 2 adults 1 child | $797 | $693 | $1,288 | $559 | $832 |
| 1 adult 1 child | $797 | $448 | $786 | $559 | $674 |
| 2 adults | $620 | $557 | $1,003 | $0 | $670 |
| 1 adult | $619 | $304 | $501 | $0 | $588 |
Safety trends & Data
In Beaver County, Oklahoma, property crime rates have fluctuated significantly over the past five years. Notable increases were seen in 2019, driven by a surge in burglary cases from 1 to 4 and the emergence of motor vehicle theft. New crime categories like arson appeared in 2020, with consistent motor vehicle theft. In 2021, burglary cases decreased while larceny-theft and stolen property incidents spiked. This unpredictable trend in property crimes could warrant careful consideration for... Read more
Property Crime Trends in Beaver County, OK Over the Last 5 Years
In the past five years, Beaver County, Oklahoma has experienced fluctuating property crime rates. The highest increase was observed in 2019, largely driven by a surge in burglary cases from 1 to 4. Motor vehicle theft also cropped up that year. By 2020, new crime categories like arson appeared, though motor vehicle theft remained consistent. 2021 saw a mixed bag; burglary cases decreased, but larceny-theft cases and incidents involving stolen property spiked. Overall, the data suggests an unpredictable trend in property crimes, potentially warranting careful consideration for potential investors, property builders, and real estate agents evaluating the area's risk factors.
Demographics
Beaver County, Oklahoma's population shows a near-equal gender distribution with marginally more females than males. Educational attainment is varied, although a significant number of residents possess at least a high school diploma or some college education. Age-wise, the area appears to have a balanced demographic, but an emphasis on older age groups could suggest a need for services catering to an aging population. Racially, the county predominantly identifies as White, with small... Read more
Race Distribution in Beaver County, Oklahoma (2022)
Educational Attainment in Beaver County, Oklahoma (2022)
Age Distribution in Beaver County, Oklahoma
Citizen Population in Beaver County, Oklahoma (2022)
Political Trends & Data
Beaver County, Oklahoma, displays a strong Republican lean, with approximately 90% of the vote in the most recent presidential election, while Democrats garnered just over 8%. Libertarians and other parties barely registered. This could point to broader regional trends and potentially influence future political strategies within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Beaver County in Oklahoma shows a significant leaning towards the Republican party, with around 90% of the vote, while Democrats secured just over 8%. Libertarians received less than 1%, and other parties made up a minimal fraction. Such a pronounced Republican preference could signal broader regional trends and may impact future political strategies in the state.
90.36% of voters voted for the Republican party in the 2020 Presidential Election
8.72% of voters voted for the Democrat party in the 2020 Presidential Election
0.69% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Beaver County, Oklahoma has consistently maintained a low student-to-teacher ratio of around 10 students per teacher over the past decade, compared to the national average of 14. This suggests potential for more personalized attention in classrooms, possibly leading to better educational outcomes. For investors, real estate agents, and families, this stability signals a strong, well-managed, and reliably funded school system, making the county an appealing option for long-term investments.... Read more
Student-to-teacher ratio in Beaver County, Oklahoma over the last 10 years
Over the past decade, Beaver County, Oklahoma has maintained a relatively low student-to-teacher ratio, fluctuating around 10 students per teacher. This consistently lower ratio compared to the national average of 14 might suggest more personalized attention for students, potentially leading to better educational outcomes. For investors, real estate agents, and families considering a move, this could signal a strong local education system. Lower ratios might also appeal to insurance agents and property developers as they often correlate with stable, community-focused environments. The ratio's stability may indicate a reliably funded and managed school system, making the county an attractive proposition for long-term investments.
