Carter County Real Estate and Livability Trends
Carter County, Oklahoma is experiencing significant economic and real estate growth, which could attract investors and potential homeowners. Median home values have surged from $97,000 in 2015 to $144,400 in 2022, reflecting a broader trend of rising property valuations. The average taxable income per tax return peaked at $66,226.76 in 2021, signaling economic resilience. Real estate taxes per... Read more
Carter County Market Trends
Carter County, Oklahoma, has seen its median home values climb from $97,000 in 2015 to $144,400 in 2022, showcasing notable growth from a more affordable baseline. This rise, especially against state and national figures, might make the county appealing for investors and potential homeowners. Residential energy tax credits jumped sharply from $1,011.11 in 2017 to $2,366.67 in 2018, suggesting... Read more
Median Value of Occupied Housing Units in Carter County, Oklahoma Over the Last 8 Years
Carter County, Oklahoma has seen a steady increase in median home values over the past eight years, climbing from $97,000 in 2015 to $144,400 in 2022. This trend is particularly compelling when compared to both Oklahoma and national figures. While the state saw its median value rise from $117,900 to $170,500 in the same period, Carter County's housing market demonstrated substantial growth at a more affordable starting point. On the national level, median home values also increased, from $125,500 to $179,400. This relatively lower entry point, combined with consistent appreciation, may make Carter County a potentially attractive spot for investors and new homeowners looking for growth potential in a cost-effective market.
Residential Energy Tax Credit Per Tax Return in Carter County, OK Over the Last 9 Years
Residential energy tax credits in Carter County, Oklahoma have shown significant fluctuations over the past nine years. Notably, the average credit per tax return spiked sharply from $1,011.11 in 2017 to $2,366.67 in 2018 and has demonstrated a general upward movement thereafter. This trend could imply increasing investments in energy-efficient home upgrades or installations, making this location potentially attractive for eco-conscious investors and property developers. For real estate agents and insurance agents, this indicates a trend toward higher property value due to energy efficiencies which might also influence appraisal values.
Average Real Estate Taxes Per Tax Return in Carter County, OK Over the Last 10 Years
Carter County, Oklahoma has experienced a steady increase in average real estate taxes per tax return over the last decade. Starting at $1,783.68 in 2012, there's been a notable jump to $3,558.14 by 2021, with the most significant spike occurring between 2017 and 2018 when taxes rose from $2,328.96 to $3,030.84. This trend suggests a rising demand or valuation of properties, indicating potential growth in the area that could be appealing to investors, home builders, and real estate agents. However, increasing taxes might also be a point of consideration for current and potential homeowners evaluating long-term costs.
Percentage of Farm Returns in Carter County, OK Over the Last 10 Years
Farm tax returns in Carter County, Oklahoma, have shown slight fluctuation over the past decade, generally hovering between 6.31% and 7.01%. These tax returns reflect the financial activity of farms, capturing the revenue generated and taxes owed, which gives a snapshot of the agricultural economic health. For those considering investing in, moving to, or building property in Carter County, understanding these trends can provide insight into the stable, albeit modest, contribution of farming to the local economy. This consistent presence of farm-related financial activity could arguably indicate a steady agricultural base contributing to the county's overall economic landscape.
Number of Mortgages by Occupancy Type in Carter County, OK Over the Last 5 Years in Carter County
In Carter County, Oklahoma, the principal residence mortgages consistently dominate the market, showing the most significant number of transactions over the past five years. A smaller proportion of mortgages are allocated to investment properties and second residences, which may suggest less interest in non-primary housing within the area. Understanding these shifts can help investors identify market trends, appraisers and real estate agents set property values, and insurance agents assess risk. For developers and prospective homeowners, the strong demand for principal residences could indicate stable growth in the local housing market.
Economic Outlook
Carter County, Oklahoma has seen an upward trend in average taxable income per tax return, peaking at $66,226.76 in 2021. This suggests potential economic resilience, making the area worthy of interest for real estate investments. Noticeable fluctuations in state and local income taxes, ranging from $6,003.63 in 2016 to $10,176.42 in 2018, signal varying financial pressures on residents. Additionally, the average total tax liability reached a high of $11,144.87 in 2021. These economic... Read more
Average Taxable Income per Tax Return in Carter County, OK over the last 9 years
Carter County, Oklahoma has experienced fluctuations in average taxable income per tax return over the past nine years. Despite some dips, there's a discernible upward trend, culminating in a peak of $66,226.76 in 2021. This variability and recent increase could suggest economic resilience or growth potential, making it a potentially interesting area for real estate investments or appraisals. Prospective movers and developers might find this trend indicative of a gradually improving economic environment.
Average State and Local Income Taxes Per Tax Return in Carter County, OK Over the Last 10 Years
Over the past decade, Carter County, Oklahoma has seen noticeable fluctuations in average state and local income taxes per tax return. From a low of $6,003.63 in 2016 to a remarkable high of $10,176.42 in 2018, the variations likely reflect shifts in the local economy, tax policies, or both. This volatility may be crucial for potential investors, real estate agents, and those considering relocation, as it indicates shifting financial burdens on residents. Such patterns could influence property appraisals, insurance costs, and broader economic planning.
Average Total Tax Liability Per Tax Return in Carter County, OK Over the Last 10 Years
Over the last decade, Carter County, Oklahoma has experienced a fluctuating trend in average total tax liability per tax return. Notably, there was a significant spike to $11,144.87 in 2021, the highest point during this period, indicating potential economic growth or changes in tax policy. In contrast, 2016 saw a notable dip to $8,356.86, which might suggest economic challenges or adjustments in tax deductions and credits. Such volatility highlights the importance for potential investors, real estate agents, and insurance professionals to stay attuned to these financial dynamics as they could impact property values and investment returns.
Cost of Living in Carter County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,452 | $1,885 | $1,185 | $1,189 |
| 1 adult 4 children | $1,105 | $1,186 | $1,442 | $1,185 | $1,271 |
| 2 adults 3 children | $1,105 | $1,186 | $1,635 | $1,185 | $961 |
| 1 adult 3 children | $1,105 | $968 | $1,192 | $1,185 | $1,001 |
| 2 adults 2 children | $884 | $971 | $1,385 | $1,045 | $839 |
| 1 adult 2 children | $884 | $725 | $942 | $1,045 | $749 |
| 2 adults 1 child | $884 | $767 | $1,135 | $591 | $772 |
| 1 adult 1 child | $884 | $496 | $693 | $591 | $637 |
| 2 adults | $692 | $616 | $885 | $0 | $626 |
| 1 adult | $688 | $336 | $443 | $0 | $557 |
Safety trends & Data
Carter County, Oklahoma has seen a notable reduction in property crimes over the past five years. Larceny-theft incidents fell dramatically from 338 in 2019 to 67 by 2022, while burglary incidents decreased from 75 in 2018 to just 32 in 2022. Motor vehicle thefts also saw a sharp drop, from 25 in 2019 to 3 in 2022. Such a trend could suggest improved law enforcement or community initiatives are making the area potentially more appealing for investment and... Read more
Property Crime Trends in Carter County, OK Over the Last 5 Years
Carter County, Oklahoma has seen a significant reduction in property crimes over the past five years. Notably, larceny-theft incidents, which were as high as 338 in 2019, dropped sharply to 67 by 2022. Similarly, burglary incidents declined from 75 in 2018 to just 32 in 2022. Motor vehicle thefts also saw a decrease, with numbers falling from 25 in 2019 to 3 in 2022. This downward trend may indicate improved law enforcement effectiveness or community initiatives impacting crime rates positively, making the area potentially more attractive for investment and relocation.
Demographics
In Carter County, Oklahoma, there's a notable almost balanced split between male and female adults, with a slight majority of females. Educational attainment data suggests a significant portion of the population has at least some college education, but not necessarily a degree. The age distribution reveals fairly even spread across different segments, with a notable concentration in the under-10 and 25 to 64-year brackets. The racial makeup predominantly comprises White residents, with smaller... Read more
Race Distribution in Carter County, Oklahoma (2022)
Educational Attainment in Carter County, Oklahoma (2022)
Age Distribution in Carter County, Oklahoma
Citizen Population in Carter County, Oklahoma (2022)
Political Trends & Data
Carter County, Oklahoma, leaned heavily Republican in the 2020 U.S. Presidential Election, with nearly 75% of the votes favoring the Republican candidate. The Democratic candidate drew about 23%, indicating some level of local support but not enough to challenge the Republican majority. Minor parties, including the Libertarians, made a minimal impact, capturing just over 1% of the votes. This voting pattern might shed light on the broader political landscape and local political inclinations in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Carter County, Oklahoma, the 2020 U.S. Presidential Election results indicated a potential Republican stronghold, with nearly 75% of the votes favoring the Republican candidate. The Democratic candidate garnered approximately 23%, suggesting limited but noticeable support. Other parties, including the Libertarian and various minor candidates, collectively captured just over 1%, pointing to a relatively minimal impact on the overall voter distribution. This trend might reflect broader political inclinations in the region, which could be insightful for understanding local political dynamics.
75.46% of voters voted for the Republican party in the 2020 Presidential Election
22.95% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Carter County, Oklahoma, the student-to-teacher ratio has hovered around 15 to 16 over the past decade, peaking at 16.15 in 2017 and 16.25 in 2023. This slightly above-average ratio hints at a higher classroom demand and potentially limited teaching resources, which could influence families' relocation decisions. Such trends could be crucial for investors and real estate agents in gauging the area’s appeal, especially when considering future property developments geared towards families.... Read more
Student-to-teacher ratio in Carter County, Oklahoma over the last 10 years
In Carter County, Oklahoma, the student-to-teacher ratio has consistently hovered around 15 to 16 over the past ten years, with a noticeable peak in 2017 and 2023 at 16.15 and 16.25, respectively. This ratio is slightly above the national average of 14 students per teacher, which might suggest a greater classroom demand and potentially fewer available teaching resources compared to other regions. For investors, appraisers, and real estate agents, this trend could reflect the education system's capacity and resources, impacting families' decisions to move into the area. For those in the education sector or considering building property, understanding these dynamics could be vital for planning and development. The continuous fluctuations in the ratio indicate periodic changes in student enrollment or teacher availability, factors worth monitoring for anyone with a vested interest in the community.
