Caddo County Real Estate and Livability Trends
Caddo County, Oklahoma, has seen a notable uptick in median home values, climbing from $78,400 in 2015 to $99,900 in 2022. Residential property taxes also increased, peaking at $1,738.10 in 2021, reflecting the area’s growing property values. While the local economy appears to benefit from a solid agricultural base, the rise in principal residence mortgages suggests increased interest in... Read more
Caddo County Market Trends
In Caddo County, Oklahoma, median home values have risen from $78,400 in 2015 to $99,900 in 2022, offering a more affordable alternative to the state and national averages. Notably, residential energy tax credits showed significant peaks in 2018 and 2019, possibly due to increased energy-efficient investments, although dips in other years indicate fluctuating investment capacities. The rise in... Read more
Median Value of Occupied Housing Units in Caddo County, Oklahoma Over the Last 8 Years
In Caddo County, Oklahoma, the median home values have shown a consistent upward trend over the last eight years, rising from $78,400 in 2015 to $99,900 in 2022. This marks a significant local growth rate, though values remain substantially lower compared to both the state level, where values increased from $117,900 to $170,500 in the same period, and the national level, which jumped from $125,500 to $179,400. This data could make Caddo County appealing for those seeking more affordable real estate options without sacrificing growth potential.
Residential Energy Tax Credit Per Tax Return in Caddo County, OK Over the Last 9 Years
Caddo County, Oklahoma has seen notable volatility in residential energy tax credits per tax return over the past nine years. Peaks occurred in 2018 at $3,520.00 and 2019 at $2,500.00, signaling possible spikes in energy-efficient investments or policy changes benefitting homeowners. Conversely, dips in 2014 and 2020, at $918.18 and $1,325.00 respectively, may indicate fluctuations in either energy-saving measures or the economic capacity of residents to invest in such upgrades. For real estate agents, potential property developers, or those assessing home values, these trends could reflect an evolving energy consciousness and potential costs or savings related to energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Caddo County, OK Over the Last 10 Years
Over the past decade, Caddo County, Oklahoma has seen a notable rise in real estate taxes per tax return. Starting from $982.35 in 2012, the value steadily increased, peaking at $1,738.10 in 2021. The significant jump, especially between 2016 and 2018, suggests potential shifts in property valuations, local tax policies, or both. For investors, prospective homeowners, and real estate professionals, this upward trend might reflect increasing property values and a more robust local economy, albeit with higher associated tax responsibilities.
Percentage of Farm Returns in Caddo County, OK Over the Last 10 Years
The percentage of farm tax returns in Caddo County, Oklahoma over the last decade has been relatively stable, fluctuating between approximately 11.45% and 12.41%. This trend suggests that agricultural activity remains a significant part of the local economy, which might be of interest to investors or individuals considering property development. Understanding the proportion of farm returns is essential, as it can provide insights into the economic health of the agricultural sector, potential tax incentives, and opportunities for farming-related businesses. For prospective residents, the steady presence of farming can also imply a community with deep agricultural roots and potential for farm-to-table living.
Number of Mortgages by Occupancy Type in Caddo County, OK Over the Last 5 Years in Caddo County
Caddo County, Oklahoma has seen a notable increase in the number of mortgages for principal residences over the past five years, peaking at 623 in 2021 from 514 in 2018. This suggests growing confidence and interest in owner-occupied housing, which could be tied to economic factors or community development. Investment property mortgages have fluctuated but remain relatively low, indicating perhaps a more stable but less aggressive market for investments. While second residences have consistently accounted for the smallest share, their modest increase might point to a slight uptick in valuation or desirability for vacation or part-time living. These shifts matter to investors and real estate agents alike, as they help in predicting demand, setting property values, and tailoring marketing strategies. Appraisers and insurance agents may need to adjust their valuations and risk assessments accordingly.
Economic Outlook
Caddo County, Oklahoma has shown fluctuations in average taxable income and state and local income taxes over the past decade, with notable peaks and dips that hint at an evolving economic environment. In 2021, the average taxable income peaked at about $49,944.50, marking a nearly $10,000 increase since 2013, which could be a positive indicator for potential economic growth. However, variable state and local income taxes, which peaked in 2019 at $6615.63 and dipped to $4498.28 in 2017,... Read more
Average Taxable Income per Tax Return in Caddo County, OK over the last 9 years
Caddo County, Oklahoma has experienced some fluctuations in average taxable income per tax return over the past nine years, ranging from a low of approximately $43,265.50 in 2016 to a high of roughly $49,944.50 in 2021. Notably, there has been a general upward trend, with 2021 showing nearly a $10,000 increase compared to 2013. This could suggest potential economic growth and may be attractive for investors, real estate agents, and prospective residents looking for improved financial prospects in the region. However, the variability across different years indicates that individuals should consider potential economic volatility when making long-term financial decisions in this area.
Average State and Local Income Taxes Per Tax Return in Caddo County, OK Over the Last 10 Years
Over the last decade, Caddo County, Oklahoma has seen fluctuations in average state and local income taxes per tax return, with notable peaks in 2019 reaching $6615.63 and dips in 2017 at around $4498.28. The variability in tax amounts could suggest shifting economic conditions impacting residents' incomes or tax policy changes. This trend matters for those considering investment, as it could affect overall financial planning and potential tax liabilities. For real estate agents, appraisers, and insurance agents, understanding these variations is key to anticipating client concerns and advising accordingly.
Average Total Tax Liability Per Tax Return in Caddo County, OK Over the Last 10 Years
Over the last decade, Caddo County, Oklahoma has shown fluctuations in average total tax liability per tax return. The figures varied from a low of $5,962.85 in 2020 to a peak of $6,927.56 in 2017. Generally, there seems to be a trend showing variability with slight inclines and declines rather than a steady increase or decrease, reflecting dynamic economic factors. For those interested in property investment or conducting real estate transactions, this fluctuating tax liability might suggest an evolving economic environment. Appraisers and insurance agents may want to consider this data when assessing property values and risk profiles in the area.
Cost of Living in Caddo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $970 | $1,323 | $2,142 | $981 | $1,116 |
| 1 adult 4 children | $970 | $1,080 | $1,641 | $981 | $1,155 |
| 2 adults 3 children | $970 | $1,081 | $1,857 | $981 | $880 |
| 1 adult 3 children | $970 | $882 | $1,356 | $981 | $872 |
| 2 adults 2 children | $797 | $885 | $1,572 | $865 | $783 |
| 1 adult 2 children | $797 | $661 | $1,071 | $865 | $691 |
| 2 adults 1 child | $797 | $699 | $1,288 | $489 | $751 |
| 1 adult 1 child | $797 | $452 | $786 | $489 | $610 |
| 2 adults | $605 | $562 | $1,003 | $0 | $626 |
| 1 adult | $558 | $306 | $501 | $0 | $536 |
Safety trends & Data
In Caddo County, Oklahoma, property crime trends over the last five years reveal an interesting fluctuation in larceny-theft, peaking at 69.0 cases in 2020. Burglary incidents spiked to 27.0 cases in 2021 before stabilizing. Motor vehicle theft presents a steady concern, while arson, fraud, and vandalism are less frequent. These patterns might affect property insurance premiums and investment choices, making it crucial for investors and real estate agents to stay... Read more
Property Crime Trends in Caddo County, OK Over the Last 5 Years
Investors and real estate agents looking at Caddo County, Oklahoma, should note the variety in property crime trends over the last five years. Larceny-theft remains the most reported crime, peaking at 69.0 cases in 2020, but showing some fluctuation. Burglary incidents saw a notable jump to 27.0 cases in 2021 before stabilizing. Motor vehicle theft has shown a steady yet concerning presence, while cases of arson, fraud, and vandalism have remained relatively low. These trends may influence decisions on property insurance premiums and investment strategies.
Demographics
Caddo County, Oklahoma, shows a larger male adult population compared to female, which may influence community dynamics and labor markets. Educational attainment indicates the majority have completed high school, yet fewer have pursued higher education, suggesting potential workforce development needs. The age distribution leans towards a younger demographic, particularly in the 25-34 age range, which could impact local economic activity and services. Predominantly White, the county also has a... Read more
Race Distribution in Caddo County, Oklahoma (2022)
Educational Attainment in Caddo County, Oklahoma (2022)
Age Distribution in Caddo County, Oklahoma
Citizen Population in Caddo County, Oklahoma (2022)
Political Trends & Data
Caddo County, Oklahoma exhibited a pronounced conservative tilt during the 2020 U.S. Presidential Election, where Republican candidates secured a significant majority. Democrats were far behind, and minor parties hardly registered. This strongly suggests a political atmosphere that favors conservative policies, which could influence local regulations and investment climates, potentially shaping the real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Caddo County, Oklahoma, Republican candidates garnered the majority of the vote in the 2020 U.S. Presidential Election, potentially indicating a strong conservative inclination in this region. Democrats received significantly fewer votes, while Libertarian and other minor party candidates barely made a dent. This voting pattern might suggest the county's political landscape leans heavily toward the right, with limited support for third-party alternatives.
71.13% of voters voted for the Republican party in the 2020 Presidential Election
27.08% of voters voted for the Democrat party in the 2020 Presidential Election
0.98% of voters voted for the Livertarian party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Caddo County, Oklahoma has dipped from 15 in 2014 to around 14, aligning with the national average. Lower ratios could appeal to families seeking personalized attention for students, making the area more attractive to homebuyers and potentially boosting property values. Investors might view this as a signal of a stable or improving education system, while insurance agents could interpret it as an indicator of a lower-risk, stable... Read more
Student-to-teacher ratio in Caddo County, Oklahoma over the last 10 years
The student-to-teacher ratio in Caddo County, Oklahoma has shown a general decline over the past decade, starting at 15 students per teacher in 2014 and dipping to around 14 in recent years. This is close to the current national average of 14 students per teacher. Lower ratios can potentially lead to more personalized attention for students, which could appeal to families considering moving to the area and be a selling point for real estate agents. For investors and developers, schools with favorable ratios might indicate a stable or improving local education system, which can be a factor in property values and desirability. For insurance agents and appraisers, these trends might offer indicators of a stable community with potentially lower risk factors associated with education quality.
