Canadian County Real Estate and Livability Trends
Canadian County, Oklahoma's average taxable income per tax return has seen a steady rise from $64,833.71 in 2013 to $76,610.68 in 2021, hinting at increasing property values. Median home values surged from $144,600 in 2015 to $212,700 in 2022, outpacing state and national trends, possibly driven by economic stability and rising income levels. Real estate tax increases and significant investment... Read more
Canadian County Market Trends
Canadian County, Oklahoma has seen its median home value consistently rise from $144,600 in 2015 to $212,700 in 2022, outpacing both state and national trends. Investment in energy-efficient improvements also appears to be on the rise, as indicated by the significant increase in the average residential energy tax credit per tax return, peaking at $2,650.00 in 2018. Real estate taxes have followed... Read more
Median Value of Occupied Housing Units in Canadian County, Oklahoma Over the Last 8 Years
Over the last eight years, Canadian County, Oklahoma has seen a steady increase in the median home value, jumping from $144,600 in 2015 to $212,700 in 2022. This growth outpaces both the state of Oklahoma, which went from $117,900 to $170,500, and the national figures, which moved from $125,500 to $179,400 in the same period. Such trends could indicate a strong housing market in Canadian County, making it potentially attractive for those looking to invest in property or settle down in an area with appreciating home values.
Residential Energy Tax Credit Per Tax Return in Canadian County, OK Over the Last 9 Years
Over the past nine years, Canadian County, Oklahoma has seen a significant increase in the average residential energy tax credit per tax return, peaking at $2,650.00 in 2018. This notable rise could suggest a growing trend in homeowners investing in energy-efficient improvements, likely driven by economic incentives and environmental awareness. While there are fluctuations, the general upward trend reflects potential opportunities for real estate investors and energy consultants looking to capitalize on energy efficiency programs. Insurance agents and appraisers might also find value in understanding these trends, as energy-efficient homes often come with mitigated risks and potentially higher appraisal values.
Average Real Estate Taxes Per Tax Return in Canadian County, OK Over the Last 10 Years
Over the past decade, Canadian County, Oklahoma has experienced a notable increase in average real estate taxes per tax return. Starting at approximately $2,162.11 in 2012, taxes have steadily risen, peaking at around $3,567.16 in 2020 before a slight dip to $3,548.28 in 2021. This trend may indicate a growing market and increased property valuations, which could be a point of interest for potential investors and real estate agents. Additionally, the rising tax rates might impact considerations for home buyers and appraisers, as well as necessitate careful evaluation for insurance purposes.
Percentage of Farm Returns in Canadian County, OK Over the Last 10 Years
The percentage of farm tax returns in Canadian County, Oklahoma has seen a subtle yet consistent decline over the last decade, moving from 2.70% in 2012 to approximately 2.10% in 2021. Farm tax returns represent the proportion of tax filings related specifically to agricultural income, providing a barometer of farming activity in the area. For investors and potential residents, this trend might suggest shifts in the local economy, possibly indicating a gradual diversification away from agriculture. Understanding these dynamics can be crucial for making informed decisions about investments, property development, or relocation in Canadian County.
Number of Mortgages by Occupancy Type in Canadian County, OK Over the Last 5 Years in Canadian County
In Canadian County, Oklahoma, mortgage trends over the past five years illustrate significant shifts, particularly in the surge of financing principal residences, which peaked around 2020 and 2021. Investment properties also saw a notable increase, although they remained relatively steady compared to primary homes. Meanwhile, financing for second residences stayed minimal throughout. These trends are essential for investors, real estate agents, and insurance agents because they highlight a robust market for primary residences, suggesting stable familial and long-term occupancy, contrasting with relatively constrained investment opportunities. For appraisers and developers, understanding these dynamics ensures precise market valuations and guides new construction focuses. Recognizing these patterns aids in making well-informed decisions, especially when assessing risks, potential returns, and community needs.
Economic Outlook
Canadian County, Oklahoma's average taxable income per tax return has generally climbed from $64,833.71 in 2013 to $76,610.68 in 2021, suggesting economic stability and possibly increasing property values. The trend in rising state and local income taxes, spiking from $5,141.75 in 2017 to $7,761.03 by 2021, could indicate economic growth or policy changes. Total tax liabilities also show an upward trajectory, with peaks in 2014 ($10,313.11) and 2021 ($11,108.66). The poverty rate, fluctuating... Read more
Average Taxable Income per Tax Return in Canadian County, OK over the last 9 years
Canadian County, Oklahoma has experienced fluctuations in average taxable income per tax return over the past nine years, with income generally trending upward. Starting at $64,833.71 in 2013 and peaking at $76,610.68 in 2021, the highest increase was observed in the last few years. This trend might suggest a growing economic stability and possibly increasing property values, making it potentially attractive for investors, homebuyers, and real estate professionals. The steady rise could also influence decisions for insurers and appraisers as they assess risk and property values in the region. While the figures have not been entirely consistent year-to-year, the overall upward trajectory is noteworthy for understanding the economic health of Canadian County.
Average State and Local Income Taxes Per Tax Return in Canadian County, OK Over the Last 10 Years
In Canadian County, Oklahoma, the average state and local income taxes per tax return have shown a generally upward trend over the past decade. There was a significant jump around 2018 when the value spiked from $5,141.75 in 2017 to $6,826.72, continuing to rise to $7,761.03 by 2021. This trend may indicate economic growth or changes in tax policies, which could be pertinent for potential property investors, appraisers, and insurance agents assessing market dynamics and fiscal health in the area.
Average Total Tax Liability Per Tax Return in Canadian County, OK Over the Last 10 Years
Average total tax liability per tax return in Canadian County, Oklahoma has seen fluctuations over the last decade with peaks in 2014 ($10,313.11) and 2021 ($11,108.66). While there were dips in 2016 ($9,321.92) and 2020 ($9,446.52), the general trend has been towards an increase in tax liabilities, suggesting potential growth in income or changes in taxable events. These shifts hold significance for investors, real estate agents, and those considering relocation or property development, as they may reflect broader economic trends in the area.
Cost of Living in Canadian County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,507 | $1,476 | $1,849 | $1,595 | $1,589 |
| 1 adult 4 children | $1,507 | $1,205 | $1,413 | $1,595 | $1,708 |
| 2 adults 3 children | $1,507 | $1,206 | $1,605 | $1,595 | $1,340 |
| 1 adult 3 children | $1,507 | $984 | $1,169 | $1,595 | $1,469 |
| 2 adults 2 children | $1,132 | $987 | $1,360 | $1,420 | $1,055 |
| 1 adult 2 children | $1,132 | $737 | $925 | $1,420 | $1,080 |
| 2 adults 1 child | $1,132 | $780 | $1,116 | $849 | $973 |
| 1 adult 1 child | $1,132 | $504 | $680 | $849 | $854 |
| 2 adults | $915 | $627 | $872 | $0 | $748 |
| 1 adult | $863 | $342 | $436 | $0 | $641 |
Safety trends & Data
Canadian County, Oklahoma's property crime rates have fluctuated significantly over the past five years. Larceny-theft incidents spiked in 2020 with 324 cases but have been declining since, while vandalism rates show no clear pattern. This variable crime data could be pivotal for investors and real estate agents as they evaluate community safety and investment potential. Insurance agents and appraisers might also find these trends useful for risk assessment and property valuation, influencing... Read more
Property Crime Trends in Canadian County, OK Over the Last 5 Years
Canadian County, Oklahoma has seen fluctuating property crime rates over the past five years. Notably, larceny-theft peaked in 2020 with 324 incidents but has since seen a downward trend. Vandalism incidents, however, appear less predictable, with no consistent pattern over the years. For potential investors and real estate agents, understanding these variable crime rates can be crucial. Insurance agents and appraisers might also find this data useful in assessing risk and property values. Trends like these can impact decisions to build or move to the area, reflecting broader changes in community safety and property investment forecasts.
Demographics
Canadian County, Oklahoma, exhibits a fairly balanced gender distribution among adults and a diverse age range with a significant portion under 45. Educational attainment varies, with a considerable number who hold at least a high school diploma, though a sizable segment has pursued higher education. The majority of the population identifies as White, but there's an evident presence of multiple other racial groups, hinting at some diversity. These stats could influence local policy and business... Read more
Race Distribution in Canadian County, Oklahoma (2022)
Educational Attainment in Canadian County, Oklahoma (2022)
Age Distribution in Canadian County, Oklahoma
Citizen Population in Canadian County, Oklahoma (2022)
Political Trends & Data
In Canadian County, Oklahoma, the 2020 U.S. Presidential election results show a predominant Republican preference, with the party capturing over 70% of the vote. The Democratic party attained around 27%, and the Libertarian party managed roughly 2%, leaving other parties with less than 1%. This voting pattern might reflect the county's political leanings and potential influences on local policies and real estate market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Canadian County, Oklahoma, the 2020 U.S. Presidential election saw a significant lean towards the Republican party, capturing just over 70% of the votes. The Democratic party garnered around 27%, while the Libertarian party trailed with roughly 2%. Other parties collectively made up less than 1% of the vote, indicating a strong two-party preference among the electorate. This pattern could speak to the political dynamics and voter tendencies in Canadian County.
70.31% of voters voted for the Republican party in the 2020 Presidential Election
27.03% of voters voted for the Democrat party in the 2020 Presidential Election
1.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.77% of voters voted for the Other party in the 2020 Presidential Election
School Data
Canadian County, Oklahoma, has experienced student-to-teacher ratios generally surpassing the national average of 14 students per teacher over the past decade, peaking around 2017-2018 at nearly 18 students per teacher. Though the ratio dipped to 15 students per teacher in 2021, it has climbed back to over 17 by 2023. This trend could hint at a strain on educational resources, which might influence potential residents and real estate agents when assessing quality of life and education... Read more
Student-to-teacher ratio in Canadian County, Oklahoma over the last 10 years
Canadian County, Oklahoma has seen its student-to-teacher ratio generally surpass the national average of 14 students per teacher over the past decade. Ratios peaked around 2017-2018 at nearly 18 students per teacher, showing a trend towards more crowded classrooms. Notably, the ratio dipped to 15 students per teacher in 2021, but climbed back up to over 17 students per teacher by 2023. This could be significant for potential investors and developers as it may indicate a strain on educational resources. Potential residents and real estate agents might consider these figures when evaluating quality of life and education standards, while appraisers and insurance agents could see potential implications for property values and community investment.
