Beckham County Real Estate and Livability Trends
Beckham County, Oklahoma has experienced significant economic and real estate fluctuations that may influence investor behavior. Average taxable incomes saw instability, notably peaking at $73,905.91 in 2014 and dropping to $49,323.48 by 2020, with state and local tax liabilities also exhibiting sharp swings. Median home values increased from $122,400 in 2015 to $149,800 in 2022, which is lower... Read more
Beckham County Market Trends
Beckham County, Oklahoma has experienced an increase in median home values from $122,400 in 2015 to $149,800 in 2022, contrasting with Oklahoma's overall jump to $170,500. Nationally, the median value reached $179,400, making Beckham County's lower growth intriguing for investors eyeing future property appreciation. Residential energy tax credits per tax return have shown significant variability,... Read more
Median Value of Occupied Housing Units in Beckham County, Oklahoma Over the Last 8 Years
Over the past eight years, Beckham County, Oklahoma saw its median home values rise from $122,400 in 2015 to $149,800 in 2022, which represents a significant local increase. Interestingly, Beckham County's growth pattern deviates somewhat from the state trend, where Oklahoma's median home values elevated from $117,900 to $170,500 over the same period. Comparatively, the national median value experienced an even steeper climb, from $125,500 to $179,400. This trajectory in Beckham County might appeal to potential investors and local stakeholders, foregrounding potential for property appreciation below state and national rates.
Residential Energy Tax Credit Per Tax Return in Beckham County, OK Over the Last 5 Years
Over the last five years, Beckham County, Oklahoma, has seen notable fluctuations in residential energy tax credits claimed per tax return. While there was a dip from $600.00 in 2013 to approximately $316.67 in 2014, subsequent years experienced a gradual recovery, with values floating around the mid $400.00 range until a substantial spike to $1,700.00 in 2020. This increase may reflect greater investments in energy-efficient home improvements, possibly driven by enhanced incentives or rising energy costs. Insights like these are critical for those in real estate, financial services, or considering moving to the area as they signal potential shifts in homeowner values and priorities towards sustainability.
Average Real Estate Taxes Per Tax Return in Beckham County, OK Over the Last 10 Years
Over the past decade, Beckham County, Oklahoma has seen a significant rise in average real estate taxes per tax return, escalating from approximately $1,229.65 in 2012 to around $3,253.13 in 2021. This upward trend is crucial for prospective investors, developers, and real estate agents as it indicates a potentially growing market and increased property valuations. Insurance agents and appraisers should also consider this steady increase when assessing risk and property value, respectively. For current and future residents, understanding this trend helps in budgeting for potential tax implications.
Percentage of Farm Returns in Beckham County, OK Over the Last 10 Years
Farm tax returns in Beckham County, Oklahoma have fluctuated over the last decade, showing a subtle but noteworthy rise. Starting at approximately 11.63% in 2012 and peaking around 13.53% in 2017, the percent of farm tax returns suggests an active, albeit variable, farming community. This could imply potential opportunities for agricultural investment or development, as the fluctuating return percentages may indicate changing market conditions, farming practices, or economic influences in the region. For those looking to move, build property, or invest in Beckham County, this trend could be a barometer for understanding the economic viability and sustainability of farming activities locally.
Number of Mortgages by Occupancy Type in Beckham County, OK Over the Last 5 Years in Beckham County
In Beckham County, Oklahoma, the number of mortgages for principal residences appears to follow a fluctuating trend, peaking in 2021. Investment properties have seen a general decrease over the last five years, while second residences remain a minor part of the market. These shifts in occupancy types could impact investors and real estate professionals as they reflect changing demands and economic conditions. Appraisers and insurance agents might also note these trends when assessing property values or risks. For those considering building or moving to Beckham County, understanding these patterns might offer insight into market behavior and community growth.
Economic Outlook
Beckham County, Oklahoma's average taxable incomes per tax return have been quite unstable, peaking at $73,905.91 in 2014 but dropping to $49,323.48 by 2020. This economic inconsistency could influence investors and real estate agents when assessing potential returns. Similarly, state and local income taxes have bounced around, with a significant dip in 2016 to $5,587.79, then a rise to $8,465.96 by 2019. Additionally, the county's total tax liability per tax return also exhibited sharp swings,... Read more
Average Taxable Income per Tax Return in Beckham County, OK over the last 9 years
Beckham County, Oklahoma has experienced fluctuating average taxable incomes per tax return over the last nine years, peaking at $73,905.91 in 2014 and hitting a low of $49,323.48 in 2020. These variances suggest economic instability, which investors and real estate agents should consider when evaluating potential returns. For appraisers and insurance agents, understanding these fluctuations could influence property valuations and risk assessments. Overall, the trend highlights the economic shifts impacting residents, offering a barometer for future financial planning and investment strategies in the area.
Average State and Local Income Taxes Per Tax Return in Beckham County, OK Over the Last 10 Years
Beckham County, Oklahoma has seen notable fluctuations in average state and local income taxes per tax return over the last decade. After a dip to $5,587.79 in 2016, the figures recovered, showing a significant increase reaching $8,465.96 in 2019. This variability highlights a shifting economic landscape, making it crucial for potential investors, real estate agents, and property developers to stay informed on the county's financial trends for better decision-making and risk assessment.
Average Total Tax Liability Per Tax Return in Beckham County, OK Over the Last 10 Years
In Beckham County, Oklahoma, the average total tax liability per tax return has shown notable fluctuations over the past decade. After peaking at $14,217.99 in 2014, there was a sharp decline to $10,023.09 in 2015, and further down to $8,297.63 in 2016. Although there was a slight recovery to $9,381.52 in 2018, recent years have seen relative stability with the figure hovering around $8,593.36 in 2019 and $7,906.23 in 2020, closing at $8,954.88 in 2021. This volatility could be essential information for potential investors and those involved in property development or real estate, as it suggests variability in the local economy that might affect future financial decisions.
Cost of Living in Beckham County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,079 | $1,432 | $2,142 | $1,155 | $1,253 |
| 1 adult 4 children | $1,079 | $1,169 | $1,641 | $1,155 | $1,326 |
| 2 adults 3 children | $1,079 | $1,170 | $1,857 | $1,155 | $1,012 |
| 1 adult 3 children | $1,079 | $955 | $1,356 | $1,155 | $1,040 |
| 2 adults 2 children | $867 | $957 | $1,572 | $1,018 | $873 |
| 1 adult 2 children | $867 | $715 | $1,071 | $1,018 | $799 |
| 2 adults 1 child | $867 | $757 | $1,288 | $576 | $817 |
| 1 adult 1 child | $867 | $489 | $786 | $576 | $651 |
| 2 adults | $659 | $608 | $1,003 | $0 | $643 |
| 1 adult | $654 | $332 | $501 | $0 | $558 |
Safety trends & Data
Beckham County, Oklahoma has experienced notable shifts in property crime trends over the past five years. Larceny-theft peaked at 51.0 incidents in 2020 but saw a slight decline to 37.0 in 2022. Burglary rates have been declining from 13.0 in 2018 to 6.0 in 2022. Although motor vehicle thefts remained low and steady, a concerning rise in incidents of vandalism and "Stolen Property: Buying, Receiving, Possessing" shows changing patterns in property damage and theft. The emergence of arson cases... Read more
Property Crime Trends in Beckham County, OK Over the Last 5 Years
Beckham County, Oklahoma has seen notable fluctuations in property crime over the past five years. Larceny-theft consistently tops the list, peaking at 51.0 incidents in 2020 before seeing a slight drop to 37.0 in 2022. Burglary rates appear to be on a downward trend from 13.0 in 2018 to 6.0 in 2022. Motor vehicle thefts remained relatively stable but low, with a slight decline post-2020. Rising instances of vandalism, peaking at 7.0 in 2021, suggest changing patterns in property damage. In addition, there's been a concerning rise in incidents categorized under "Stolen Property: Buying, Receiving, Possessing," jumping from 4.0 in 2019 to 9.0 in 2022. The emergence of arson cases and modest increases in fraud suggests evolving criminal activities that could impact how residents and investors view the area's safety and property values.
Demographics
Beckham County, Oklahoma likely shows a pronounced gender imbalance with a significantly higher male population compared to females. In terms of education, the majority of residents might be high school graduates, but there are relatively few with higher education degrees, suggesting potential barriers to advanced education or a focus on trades and less formal education paths. The county's age distribution could imply a somewhat younger population with a notable cohort in the 25-34 year range,... Read more
Race Distribution in Beckham County, Oklahoma (2022)
Educational Attainment in Beckham County, Oklahoma (2022)
Age Distribution in Beckham County, Oklahoma
Citizen Population in Beckham County, Oklahoma (2022)
Political Trends & Data
In Beckham County, Oklahoma, the 2020 U.S. Presidential Election results possibly highlighted a significant conservative leaning, with around 85% of the vote likely going to the Republican candidate. Democrats may have secured just under 14%, indicating a minimal liberal presence. With Libertarians and other parties potentially seeing minimal support, this data reveals a pronounced partisan divide, which might influence the local real estate market by attracting demographics that align with... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Beckham County, Oklahoma, leaned heavily Republican in the 2020 U.S. Presidential Election, with around 85% of the vote potentially going to the Republican candidate. Democrats may have garnered just under 14%, indicating a strong conservative presence. Libertarians and candidates from other parties likely saw minimal support, reflecting a significant partisan divide.
85.14% of voters voted for the Republican party in the 2020 Presidential Election
13.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.26% of voters voted for the Livertarian party in the 2020 Presidential Election
0.42% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Beckham County, Oklahoma, the student-to-teacher ratio has fluctuated between 12 and 14 students per teacher over the past decade, consistently staying below the national average. This could suggest more personalized educational experiences, which may appeal to families considering relocation or property investments. Real estate agents and appraisers might find lower student-to-teacher ratios an attractive selling point when assessing the value of properties in the... Read more
Student-to-teacher ratio in Beckham County, Oklahoma over the last 10 years
In Beckham County, Oklahoma, the student-to-teacher ratio has shown some fluctuation over the past decade, ranging from a low of 12 in 2021 to a high of 14 in more recent years. This local ratio consistently remains below the national average of 14 students per teacher, potentially indicating smaller class sizes and possibly a more personalized educational experience. For families considering relocation or property investments in the area, the trend of lower student-to-teacher ratios may be an attractive feature. Real estate agents, appraisers, and insurance agents might also find these statistics useful when assessing the appeal and value of properties in Beckham County.
