Choctaw County Real Estate and Livability Trends
Choctaw County, Oklahoma has seen a rise in median home values from $80,900 in 2015 to $113,500 in 2022, positioning it as an affordable option compared to state and national averages. This might attract investors seeking long-term growth. Residential energy tax credits spiked to $1,175.00 in 2021, hinting at a surge in energy-efficient home improvements. The number of mortgages for principal... Read more
Choctaw County Market Trends
Choctaw County, Oklahoma has experienced a significant rise in median home values, from $80,900 in 2015 to $113,500 in 2022, yet it remains more affordable than state and national averages—making it an attractive option for investors eyeing longer-term gains. The county's residential energy tax credits per tax return have seen notable spikes, especially a jump to $1,175.00 in 2021, indicating a... Read more
Median Value of Occupied Housing Units in Choctaw County, Oklahoma Over the Last 8 Years
Choctaw County, Oklahoma has seen its median home values rise from $80,900 in 2015 to $113,500 in 2022, reflecting a steady upward trend. This growth, while significant, still places the county below both state and national averages, with Oklahoma's median hitting $170,500 and the U.S. at $179,400 in 2022. For investors and homeowners, this trend may suggest Choctaw County offers more affordable entry points compared to broader markets, potentially yielding attractive returns as the local market catches up with state and national growth.
Residential Energy Tax Credit Per Tax Return in Choctaw County, OK Over the Last 8 Years
Over the last eight years, Choctaw County, Oklahoma, has shown fluctuating yet noteworthy trends in residential energy tax credits per tax return. Starting at $422.22 in 2013, there was a noticeable upward trend peaking at $600.00 in 2016, suggesting increased investment in energy-efficient residential improvements. However, subsequent years saw a decline with a low of $400.00 in 2019, before rebounding to $425.00 in 2020. The most remarkable spike occurred in 2021, with an average credit jumping to $1,175.00, indicating a possible surge in energy-efficient installations or changes in tax credit policy. These trends may appeal to those involved in property development, real estate, or energy-efficient home upgrades, signaling potential growth areas and investment opportunities.
Average Real Estate Taxes Per Tax Return in Choctaw County, OK Over the Last 10 Years
Choctaw County, Oklahoma has experienced a steady increase in average real estate taxes per tax return over the past decade, with noticeable jumps around 2015 and 2018. Taxes rose from approximately $863.79 in 2012 to a peak of about $1,836.36 in 2020, before a slight decrease to $1,545.45 in 2021. This significant rise in property taxes could reflect underlying growth and development trends, making this a key consideration for potential investors, property developers, or those considering relocation to the area.
Percentage of Farm Returns in Choctaw County, OK Over the Last 10 Years
Over the past decade, Choctaw County, Oklahoma has shown up-and-down trends in farm tax returns, with percentages fluctuating between 13.69% and 14.92%. Peaks were notably seen around 2017 at 14.92% before dipping again in subsequent years. This variability in farm tax returns could be indicative of changing agricultural dynamics and economic conditions affecting local farmers. For prospective investors or those looking to build property, understanding these trends could provide essential insights into the economic health and viability of the region's agricultural sector.
Number of Mortgages by Occupancy Type in Choctaw County, OK Over the Last 5 Years in Choctaw County
In Choctaw County, Oklahoma, the number of mortgages for principal residences has shown a consistent upward trend over the last five years, peaking at 320 in 2021. Investment properties and second residences, while less dominant, have also fluctuated, with notable increases in the latter in recent years. This shift in occupancy type matters for potential investors, appraisers, and real estate agents as it may indicate changing market demands, which could influence property values, insurance needs, and development plans. Understanding these trends helps stakeholders make informed decisions about where to allocate resources and how to cater to the emerging needs of homeowners.
Economic Outlook
Choctaw County, Oklahoma has seen a rise in average taxable income per tax return from approximately $35,757.61 in 2013 to around $44,328.07 in 2021, hinting at improved local economic conditions and possibly higher property values. State and local income taxes per tax return also show an upward trend, increasing from around $3,846.67 in 2012 to approximately $6,484.62 in 2021, which might indicate rising earnings or evolving tax policies. The average total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Choctaw County, OK over the last 9 years
Choctaw County, Oklahoma has seen a general upward trend in average taxable income per tax return over the past nine years, with figures rising from approximately $35,757.61 in 2013 to around $44,328.07 in 2021. Despite some fluctuations, the overall increase suggests a modest improvement in local economic conditions. This trend may hold particular interest for potential investors, property developers, and real estate agents, as rising incomes can often correlate with increased property values and greater consumer spending. For those considering a move to the area, these income trends might also imply improving job opportunities and economic stability.
Average State and Local Income Taxes Per Tax Return in Choctaw County, OK Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Choctaw County, Oklahoma have shown a notable upward trend. Starting at approximately $3,846.67 in 2012, there's been a general increase peaking at around $6,484.62 in 2021. This rise could indicate a changing economic landscape, possibly reflecting higher earnings or shifts in tax policies. For potential investors, homeowners, and real estate agents, these figures might suggest a growing area worth consideration due to potential economic development. Moreover, insurance agents and appraisers may find these trends useful for assessing risk and property value changes over time in the region.
Average Total Tax Liability Per Tax Return in Choctaw County, OK Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Choctaw County, Oklahoma has generally increased, reaching a high of $5763.10 in 2021 from $4842.34 in 2012. Notable fluctuations include a dip to $5233.96 in 2017 and a minor decline in 2019, suggesting variability in economic factors or tax policies. These trends could be relevant for potential investors and those considering property development, as they may reflect changes in the local economy and cost of living. Real estate professionals and insurance agents might find this data useful when advising clients or evaluating property values in the area.
Cost of Living in Choctaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $981 | $1,399 | $2,142 | $944 | $1,110 |
| 1 adult 4 children | $981 | $1,143 | $1,641 | $944 | $1,138 |
| 2 adults 3 children | $981 | $1,143 | $1,857 | $944 | $870 |
| 1 adult 3 children | $981 | $933 | $1,356 | $944 | $850 |
| 2 adults 2 children | $797 | $936 | $1,572 | $833 | $767 |
| 1 adult 2 children | $797 | $699 | $1,071 | $833 | $662 |
| 2 adults 1 child | $797 | $740 | $1,288 | $470 | $735 |
| 1 adult 1 child | $797 | $478 | $786 | $470 | $587 |
| 2 adults | $605 | $594 | $1,003 | $0 | $612 |
| 1 adult | $560 | $324 | $501 | $0 | $517 |
Safety trends & Data
In Choctaw County, Oklahoma, property crime data reveals some interesting trends over the past five years. While burglary arrests peaked at 25 in 2019, they have since decreased. Larceny-theft incidents hit a high of 40 in 2020 but dropped sharply to 13 by 2022. Motor vehicle thefts remain low with minor fluctuations. Arson and fraud are rare but occasionally reported. These trends could impact decisions for potential investors, real estate agents, and residents prioritizing... Read more
Property Crime Trends in Choctaw County, OK Over the Last 5 Years
Over the past five years, Choctaw County, Oklahoma has seen a variable trend in property crimes. Burglary arrests peaked in 2019 with 25 incidents, but there's been a noticeable drop in subsequent years. Larceny-Theft consistently shows the highest number of incidents, hitting a high of 40 cases in 2020 but decreasing to 13 by 2022. Motor Vehicle Theft remains relatively low but fluctuates slightly year-on-year. Notably, categories like Arson and Fraud are rare but appear sporadically. These trends could be crucial for potential investors, real estate agents, and residents seeking safer and more secure environments.
Demographics
Choctaw County, Oklahoma showcases a slightly higher female population compared to males. Educational attainment is fairly diverse with the largest group being high school graduates, but a notable proportion has some college education. Age-wise, the population is somewhat evenly distributed across various age groups, though those above 55 years represent a notable chunk. Racial makeup is predominantly White, followed by notable Native American and African American populations, with other racial... Read more
Race Distribution in Choctaw County, Oklahoma (2022)
Educational Attainment in Choctaw County, Oklahoma (2022)
Age Distribution in Choctaw County, Oklahoma
Citizen Population in Choctaw County, Oklahoma (2022)
Political Trends & Data
The 2020 U.S. Presidential Election data from Choctaw County, Oklahoma, might suggest a strong local alignment with conservative values, with a significant majority favoring the Republican party. Democratic support appears to be limited, and minor parties such as the Libertarian barely registered an... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Choctaw County, Oklahoma, the 2020 U.S. Presidential Election displayed a notable lean towards the Republican party, possibly suggesting strong conservative values locally. The Democratic party garnered significantly fewer votes, hinting at limited support in comparison. Minor parties like the Libertarian and others barely made a dent, reflecting minimal impact on the overall voting landscape.
80.56% of voters voted for the Republican party in the 2020 Presidential Election
18.55% of voters voted for the Democrat party in the 2020 Presidential Election
0.58% of voters voted for the Livertarian party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Choctaw County, Oklahoma's student-to-teacher ratio has seen notable changes over the past decade, peaking at almost 15 students per teacher in 2015 and dropping to 12 in 2021. Currently, the ratio sits at about 13 students per teacher, under the national average of 14. This trend toward smaller class sizes could attract families and educators looking for more personalized education, possibly boosting property values and community appeal. Lower ratios can be a selling point for real estate... Read more
Student-to-teacher ratio in Choctaw County, Oklahoma over the last 10 years
Choctaw County, Oklahoma has seen fluctuations in its student-to-teacher ratio over the past decade, with a peak of almost 15 students per teacher in 2015 and a low of 12 students per teacher in 2021. Currently, the ratio stands at approximately 13 students per teacher, which is below the national average of 14. This relatively lower ratio might appeal to families and educators prioritizing more personalized attention in the classroom. For those considering investment or relocation, the trend suggests a relatively favorable, educational environment that could potentially enhance property values and community appeal. Appraisers and real estate agents might find this lower ratio advantageous when marketing properties, while insurance agents could view stable, community-focused schools as lower-risk clients.
