Cherokee County Real Estate and Livability Trends
Cherokee County, Oklahoma’s real estate market shows promising growth with median home values climbing from $108,100 in 2015 to $144,600 in 2022. Rising taxable income and doubled state and local taxes could signal a strengthening economy attractive to investors. Energy-efficient home upgrades reflect growing residential energy tax credits, reaching $1,509.09 in 2021. Fluctuating property crime... Read more
Cherokee County Market Trends
Cherokee County, Oklahoma has seen its median home values jump from $108,100 in 2015 to $144,600 in 2022, making it an attractive yet affordable option compared to the state and national averages. Residential energy tax credits surged dramatically from $437.50 in 2019 to $1,509.09 by 2021, hinting at increasing investments in energy-efficient home upgrades. Real estate taxes per tax return have... Read more
Median Value of Occupied Housing Units in Cherokee County, Oklahoma Over the Last 8 Years
Median home values in Cherokee County, Oklahoma have shown a progressive increase over the past eight years, climbing from $108,100 in 2015 to $144,600 in 2022. This rise suggests a growing appeal for the area. When compared to the state of Oklahoma, which saw median values rise from $117,900 to $170,500 during the same period, Cherokee County may be seen as a more affordable option for buyers. Nationally, home values surged from $125,500 to $179,400, indicating Cherokee County remains a more budget-friendly alternative while still benefiting from overall property value growth. This trend could be enticing for potential investors and new residents seeking both affordability and appreciation potential in their property investments.
Residential Energy Tax Credit Per Tax Return in Cherokee County, OK Over the Last 8 Years
Cherokee County, Oklahoma, has seen notable fluctuations in residential energy tax credits over the past eight years. Particularly, there was a dramatic increase from $437.50 in 2019 to $1,509.09 by 2021, suggesting a growing investment in energy-efficient home improvements. Such trends could be indicative of rising awareness and adoption of sustainable living practices, making it a potentially attractive region for those looking into green investments or energy-efficient properties. Homebuilders, real estate agents, insurance agents, and appraisers should consider these shifts when evaluating property values and market trends in the area.
Average Real Estate Taxes Per Tax Return in Cherokee County, OK Over the Last 10 Years
Average real estate taxes per tax return in Cherokee County, Oklahoma have shown a notable upward trend over the last decade. From $1,313.60 in 2012 to a peak of $2,429.09 in 2020, the climb suggests potential impacts on overall cost of living and investment viability. This rising tax landscape may influence decisions for prospective homebuyers, real estate investors, and property developers by indicating higher carrying costs.
Percentage of Farm Returns in Cherokee County, OK Over the Last 10 Years
Over the last decade, Cherokee County, Oklahoma, saw minor fluctuations in the percentage of farm tax returns, ranging from roughly 6.17% to 6.77%. The data implies a fairly stable agricultural backbone in the area, with a slight peak around 2016 followed by a minor dip in 2019. Farm tax returns reflect the financial health and activity of the farming sector, impacting local economic stability and land use trends. Investors and property developers may view these trends as indicative of a consistent agricultural presence, suggesting a potentially stable environment for rural investments or developments tied to agriculture.
Number of Mortgages by Occupancy Type in Cherokee County, OK Over the Last 5 Years in Cherokee County
Over the past five years in Cherokee County, Oklahoma, mortgage counts have shown a consistent dominance of principal residence mortgages, with a noticeable spike in 2021. Investment property mortgages and second residence mortgages, while comparatively fewer, also reflect interesting trends: both saw their highest numbers in 2021 before dipping in 2022. Changes in occupancy types can be crucial for investors and developers, as they indicate evolving housing demands and potential shifts in the local economy. For appraisers and insurance agents, understanding these trends can inform risk assessments and valuation models. Real estate agents and prospective movers can leverage this data to predict market saturation and identify favorable investment opportunities.
Economic Outlook
In Cherokee County, Oklahoma, there's been a steady increase in taxable income per tax return over the past nine years, rising from $41,344.46 in 2013 to $54,733.23 in 2021. This growth points toward a strengthening local economy that could attract real estate investors and developers. Similarly, state and local income taxes have climbed sharply, doubling from $4,287.88 in 2012 to $8,715.63 by 2021, highlighting possible economic and demographic shifts. Meanwhile, total tax liabilities per... Read more
Average Taxable Income per Tax Return in Cherokee County, OK over the last 9 years
Over the past nine years, taxable income per tax return in Cherokee County, Oklahoma has shown gradual growth, moving from approximately $41,344.46 in 2013 to around $54,733.23 in 2021. This trend reflects increasing economic potential, which could indicate a positive environment for investment or property development. Understanding these income patterns may be crucial for real estate agents, appraisers, and insurance agents working within the county. There has been a notable rise particularly from 2020 to 2021, which might be worth investigating for those analyzing market dynamics or considering relocation to the area.
Average State and Local Income Taxes Per Tax Return in Cherokee County, OK Over the Last 10 Years
Over the last decade, Cherokee County, Oklahoma, has shown a noticeable upward trend in average state and local income taxes per tax return, climbing from approximately $4,287.88 in 2012 to around $8,715.63 in 2021. This steady increase, particularly dramatic between 2017 and 2018, could suggest a significant economic or demographic shift in the area. Such trends might be critical for investors, homebuyers, and real estate professionals as rising taxes can impact property values, cost of living, and long-term financial planning. These changes can also affect insurance premiums and property appraisal values, making it pertinent for appraisers and insurance agents to stay updated on these trends.
Average Total Tax Liability Per Tax Return in Cherokee County, OK Over the Last 10 Years
Cherokee County, Oklahoma has seen a notable upward trend in average total tax liability per tax return over the past decade, climbing from approximately $5,842.74 in 2012 to around $7,527.95 in 2021. This gradual increase suggests rising incomes or property values, which may be of interest to those considering investment in the area. The consistent growth, particularly visible from 2017 onwards, could imply an economic upswing, making Cherokee County potentially appealing for real estate agents, appraisers, and new residents alike.
Cost of Living in Cherokee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,023 | $1,468 | $2,142 | $1,114 | $1,229 |
| 1 adult 4 children | $1,023 | $1,199 | $1,641 | $1,114 | $1,293 |
| 2 adults 3 children | $1,023 | $1,199 | $1,857 | $1,114 | $986 |
| 1 adult 3 children | $1,023 | $979 | $1,356 | $1,114 | $977 |
| 2 adults 2 children | $814 | $982 | $1,572 | $982 | $836 |
| 1 adult 2 children | $814 | $733 | $1,071 | $982 | $748 |
| 2 adults 1 child | $814 | $776 | $1,288 | $555 | $784 |
| 1 adult 1 child | $814 | $501 | $786 | $555 | $634 |
| 2 adults | $648 | $623 | $1,003 | $0 | $647 |
| 1 adult | $644 | $340 | $501 | $0 | $565 |
Safety trends & Data
Property crime trends in Cherokee County, Oklahoma show fluctuations that could impact real estate decisions. Larceny-Theft, the most common crime, fell from a peak of 247.00 incidents in 2019 to 130.00 in 2020, before gradually rising again. Burglary arrests saw a jump from 17.00 in 2018 to 49.00 in 2021, suggesting an uptick in this category. Nonetheless, Arson and Embezzlement have stayed low and stable, possibly affecting how investors evaluate property risks and insurance... Read more
Property Crime Trends in Cherokee County, OK Over the Last 5 Years
Property crime trends in Cherokee County, Oklahoma show varied changes over the past five years, with notable fluctuations in specific categories. Larceny-Theft consistently remains the most prevalent, peaking at 247.0 incidents in 2019 and seeing a significant drop to 130.0 in 2020, then gradually rising again. Burglary and Motor Vehicle Theft also display some variability, with a notable increase in burglary-related arrests from 17.0 in 2018 to 49.0 in 2021. Arson and Embezzlement remain relatively low and stable. These trends might influence investment decisions, property valuation, and real estate markets, as well as considerations for insurance premiums and risk assessments.
Demographics
Cherokee County, Oklahoma displays intriguing demographic trends that might reflect broader regional factors. The slightly higher female population, at around 18,747, versus 17,550 males, aligns with some national trends. While educational attainment shows a significant number not pursuing education beyond high school, with over 9,600 high school graduates and about 6,750 having some college but no degree, there's also a noteworthy portion achieving bachelor's (about 5,472) and higher degrees... Read more
Race Distribution in Cherokee County, Oklahoma (2022)
Educational Attainment in Cherokee County, Oklahoma (2022)
Age Distribution in Cherokee County, Oklahoma
Citizen Population in Cherokee County, Oklahoma (2022)
Political Trends & Data
Cherokee County, Oklahoma showed a strong conservative leaning in the 2020 U.S. Presidential Election, with approximately 63% of the vote going Republican. However, with Democrats capturing around 34%, there's a notable Democratic minority as well. This political landscape could influence local policies and, by extension, real estate trends in the area, where conservative values might shape zoning laws, property taxes, and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cherokee County, Oklahoma, voter trends in the 2020 U.S. Presidential Election leaned heavily Republican, with around 63% of the vote. Democrats garnered about 34%, while Libertarians and other parties captured a minor share of the total votes. This suggests a strong conservative presence, although there's a noteworthy Democratic minority.
63.36% of voters voted for the Republican party in the 2020 Presidential Election
34.02% of voters voted for the Democrat party in the 2020 Presidential Election
1.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cherokee County, Oklahoma has seen a gradual decrease in the student-to-teacher ratio, dropping from approximately 16 students per teacher in 2014 to 14 students per teacher in 2023, aligning with the national average. This trend may suggest a growing population and could affect local housing markets and the demand for community resources. Investors, realtors, and builders might use this data to gauge economic health and plan new developments, while insurance agents and appraisers could see... Read more
Student-to-teacher ratio in Cherokee County, Oklahoma over the last 10 years
Over the last decade, Cherokee County, Oklahoma has seen a gradual decrease in the student-to-teacher ratio, dropping from approximately 16 students per teacher in 2014 to 14 students per teacher in 2023. This places Cherokee County now in line with the national average of 14 students per teacher. Changes in occupancy type can influence these ratios; for instance, higher student enrollment often signifies a growing population, potentially affecting local housing markets and the demand for community resources. Investors, realtors, and builders may find such trends useful for gauging economic health and planning new developments, while insurance agents and appraisers might see these changes translating to shifts in property values and insurance needs. Prospective residents, as well as current ones, might view lower ratios as indicative of more personalized education opportunities.
