Coal County Real Estate and Livability Trends
Coal County, Oklahoma, showcases intriguing economic dynamics, such as fluctuating taxable incomes and varied tax liabilities, making it a region of interest for real estate investors who need to closely monitor trends for planning investments. Home values have been rising modestly from $80,100 in 2015 to $90,800 in 2022, remaining well below state and national medians, indicating affordability.... Read more
Coal County Market Trends
Coal County, Oklahoma, has seen median home values rise from $80,100 in 2015 to $90,800 in 2022, remaining far more affordable than the state and national medians, which were $170,500 and $179,400, respectively. Residential energy tax credits have increased significantly over the past five years, from $250.00 in 2013 to $825.00 in 2021, indicating a potential uptick in energy-efficient home... Read more
Median Value of Occupied Housing Units in Coal County, Oklahoma Over the Last 8 Years
Coal County, Oklahoma, has seen its median home values fluctuate over the last eight years, starting at $80,100 in 2015 and peaking at $90,800 in 2022. Notably lower than the Oklahoma state median, which rose to $170,500 in 2022, Coal County’s values remain significantly more accessible. Compared to the national median, which soared to $179,400 in 2022, Coal County offers a much more affordable option. This variance suggests potential investment opportunities for those looking to capitalize on more budget-friendly real estate.
Residential Energy Tax Credit Per Tax Return in Coal County, OK Over the Last 5 Years
Coal County, Oklahoma, has seen a notable increase in residential energy tax credits over the past five years, climbing from an average of $250.00 in 2013 to $825.00 in 2021. This upward trend suggests potentially rising investments in energy-efficient upgrades and renewable energy solutions, which could be attracting both new residents and investors interested in sustainable living. These incentives might also influence property values and insurance considerations, making Coal County a more appealing option for those in the real estate and construction sectors.
Average Real Estate Taxes Per Tax Return in Coal County, OK Over the Last 9 Years
Over the last nine years, real estate taxes per tax return in Coal County, Oklahoma, have generally trended upwards. The increase began noticeably in 2016, jumping to $1,094.44, and saw a significant spike in 2018 at $1,500.00. While there was a slight dip to $1,133.33 in 2020, the overall trend suggests a heightened real estate tax burden. This could impact potential investors and homebuyers by increasing the long-term costs of property ownership, making it a critical factor for real estate agents and appraisers to consider.
Percentage of Farm Returns in Coal County, OK Over the Last 10 Years
Over the last decade in Coal County, Oklahoma, the percentage of farm returns has hovered between approximately 22.51% and 24.51%. These numbers might indicate a somewhat steady, yet modest, occupation of farming as an income source among residents. Those thinking about investing, moving, building property, or generally interested in Coal County should note that a significant portion of the population engages in farming. Farming tax returns are a crucial element for understanding the economic landscape of the area, as they reflect the financial health, agricultural activity, and potential for rural development.
Number of Mortgages by Occupancy Type in Coal County, OK Over the Last 5 Years in Coal County
Mortgage activity in Coal County, Oklahoma has shown a relatively stable pattern of investment property mortgages amidst a noticeable increase in principal residences over the last five years, suggesting a growing interest in primary homeownership. While second residences vary modestly, the dominant rise in principal residence mortgages could hint at enhanced residential appeal or improved economic stability in the area. This shift matters for prospective investors, as a stronger presence of owner-occupied homes could imply higher community investment and potentially stable property values, benefiting appraisers, insurance agents, and real estate professionals aiming to capitalize on a long-term market.
Economic Outlook
In Coal County, Oklahoma, the average taxable income per tax return has seen some instability over the past nine years, ranging between $41,619.21 and $49,674.63 without a clear upward or downward trend. State and local income taxes have also fluctuated, peaking at $7,960.00 in 2019 and dropping to around $3,728.00 in 2017. Total tax liabilities per tax return have similarly varied, particularly peaking at $7,680.69 in 2014 but mostly falling between $5,500.00 and $6,500.00. These economic... Read more
Average Taxable Income per Tax Return in Coal County, OK over the last 9 years
Coal County, Oklahoma has seen fluctuations in average taxable income per tax return over the past nine years, with the highest at $49,674.63 in 2014 and the lowest at $41,619.21 in 2016. While there has been no consistent upward or downward trend, the general range remains between $41,000 and $49,000, suggesting a relatively stable economic environment. This could indicate a steady local economy, potentially reassuring for those interested in investing, moving, building property, or working in real estate in the area. However, the inconsistencies could imply some economic unpredictability that might be worth monitoring for financial planning or appraisals.
Average State and Local Income Taxes Per Tax Return in Coal County, OK Over the Last 10 Years
Over the last decade, Coal County, Oklahoma has seen fluctuating average state and local income taxes per tax return, peaking at $7,960.00 in 2019 and hitting lows around $3,728.00 in 2017. Such variability suggests shifting economic or policy influences, which could be critical for investors or those considering moving to the area. Stability in tax rates may appeal to appraisers, insurance agents, and real estate professionals as it can affect property values and insurance premiums. Understanding these trends can help stakeholders make informed decisions regarding property and investment opportunities in Coal County.
Average Total Tax Liability Per Tax Return in Coal County, OK Over the Last 10 Years
Over the last decade, Coal County, Oklahoma has seen some fluctuations in the average total tax liability per tax return. While the figures peaked at $7,680.69 in 2014, they generally ranged between $5,500.00 and $6,500.00 for the other years. These shifts could be linked to varying economic factors affecting residents’ incomes, impacting both property valuations and disposable income trends. Such variations are key for real estate agents, appraisers, and investment analysts when calculating potential returns or assessing market stability. For those considering a move to Coal County or investing in property, understanding these tax liabilities helps gauge the financial landscape more accurately.
Cost of Living in Coal County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,064 | $1,379 | $2,142 | $1,023 | $1,210 |
| 1 adult 4 children | $1,064 | $1,126 | $1,641 | $1,023 | $1,281 |
| 2 adults 3 children | $1,064 | $1,127 | $1,857 | $1,023 | $973 |
| 1 adult 3 children | $1,064 | $920 | $1,356 | $1,023 | $968 |
| 2 adults 2 children | $797 | $922 | $1,572 | $903 | $809 |
| 1 adult 2 children | $797 | $689 | $1,071 | $903 | $719 |
| 2 adults 1 child | $797 | $729 | $1,288 | $510 | $768 |
| 1 adult 1 child | $797 | $471 | $786 | $510 | $621 |
| 2 adults | $605 | $586 | $1,003 | $0 | $633 |
| 1 adult | $601 | $319 | $501 | $0 | $551 |
Safety trends & Data
Coal County, Oklahoma has seen a low but fluctuating range of property crimes over the past five years, with a spike in motor vehicle theft hitting three incidents in 2021. While categories like burglary and larceny-theft are present, sporadic crimes such as arson and embezzlement indicate a minimal yet varied criminal landscape. These trends may potentially influence property insurance rates and real estate market dynamics, impacting property valuation and investment appeal in the... Read more
Property Crime Trends in Coal County, OK Over the Last 5 Years
Property crime incidents in Coal County, Oklahoma show a relatively low but varied range over the past five years. Key categories like burglary, larceny-theft, and motor vehicle theft are present, with a noticeable peak in motor vehicle theft in 2021 at three reported incidents. Sporadic occurrences of crimes like arson, embezzlement, and fraud also suggest a broader, albeit minimal, criminal activity landscape. These trends could influence property insurance rates and real estate market dynamics, affecting valuation and investment potential in Coal County.
Demographics
Coal County, Oklahoma sees a slightly higher female population with males at 1,959 and females at 2,019. The educational landscape suggests a modest higher education attainment, with high school graduates being the largest group at 1,519 and those with graduate degrees at 243. Age distribution indicates a relatively balanced spread across age groups, with noticeable spikes in the younger and older demographics. Racial composition is predominantly White at 3,543, followed by American Indian and... Read more
Race Distribution in Coal County, Oklahoma (2022)
Educational Attainment in Coal County, Oklahoma (2022)
Age Distribution in Coal County, Oklahoma
Citizen Population in Coal County, Oklahoma (2022)
Political Trends & Data
Coal County, Oklahoma, which leans heavily Republican based on the 2020 U.S. Presidential Election results, likely shows interesting dynamics in its real estate market influenced by its political climate. With Republicans securing approximately 83% of the vote, local policies and economic priorities may cater to conservative values, potentially shaping housing trends, property values, and investment opportunities in the area. This political landscape might impact decisions on infrastructure... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Coal County, Oklahoma, the Republican party likely dominated the 2020 U.S. Presidential Election, garnering approximately 83% of the vote. Democrats seemed to have received around 15%, with the Libertarian party holding a negligible share at about 1.3%. Other parties combined for a minimal influence, reflecting a strong preference for Republican candidates among voters.
82.84% of voters voted for the Republican party in the 2020 Presidential Election
14.82% of voters voted for the Democrat party in the 2020 Presidential Election
1.35% of voters voted for the Livertarian party in the 2020 Presidential Election
0.99% of voters voted for the Other party in the 2020 Presidential Election
School Data
Coal County, Oklahoma, has maintained a student-to-teacher ratio below the national average of fourteen, with significant fluctuations over the past decade. The highest ratio reached just over 13 in 2017, while the lowest dipped to 11 in 2023. These trends might appeal to families prioritizing personalized education and educators seeking manageable classrooms, potentially boosting local real estate desirability. Economic factors and local policy decisions are likely influencing these... Read more
Student-to-teacher ratio in Coal County, Oklahoma over the last 10 years
Over the past decade, Coal County, Oklahoma, has consistently maintained a student-to-teacher ratio below the national average of fourteen students per teacher. Significant fluctuations are noticeable, with the highest ratio reaching just over thirteen in 2017 and the lowest dipping to eleven in 2023. These trends suggest a commitment to smaller class sizes, which might appeal to families prioritizing personalized education, attract educators seeking manageable classroom environments, and impact local real estate desirability. Economic factors and local policy decisions likely drive these variations, essential for potential investors and stakeholders in the education sector to consider.
