Cotton County Real Estate and Livability Trends
Cotton County, Oklahoma's real estate market has seen notable growth, particularly in home values, which jumped from $75,600 in 2020 to $105,500 in 2022. This swift rise, coupled with fluctuations in real estate taxes and residential energy tax credits, suggests a potentially volatile market. Despite these fluctuations, mortgage data indicates a primary focus on principal residences, hinting at a... Read more
Cotton County Market Trends
Cotton County, Oklahoma's real estate market has seen some notable changes. Home values experienced a steep increase from $75,600 in 2020 to $105,500 in 2022, contrasting with more stable and higher state and national medians, suggesting a potentially volatile market. Average residential energy tax credits also fluctuated, highlighting varying investments in energy-efficient improvements. Real... Read more
Median Value of Occupied Housing Units in Cotton County, Oklahoma Over the Last 8 Years
Cotton County, Oklahoma has seen substantial fluctuations in home values over the last eight years, with a significant surge from $75,600 in 2020 to $105,500 in 2022. This stands in contrast to the more steady and higher median values in Oklahoma and the United States, where the national median reached $179,400 in 2022 and the state median hit $170,500. These trends may suggest a more volatile local market, potentially offering investment opportunities while also requiring cautious consideration for those looking to move or build property in the area.
Residential Energy Tax Credit Per Tax Return in Cotton County, OK Over the Last 3 Years
Cotton County, Oklahoma has seen fluctuations in the average residential energy tax credit per tax return over the last three years. In 2013, the average tax credit was around $250.00, which increased to $300.00 in 2014, then slightly decreased to approximately $266.67 in 2015. This volatility could suggest varying levels of investment in energy-efficient improvements by homeowners. For potential investors or property builders, understanding the economic incentives available from these tax credits can be crucial for assessing the financial viability of eco-friendly construction projects. Real estate agents and appraisers could also find these trends useful for gauging the appeal of properties with energy-efficient features.
Average Real Estate Taxes Per Tax Return in Cotton County, OK Over the Last 10 Years
Real estate taxes per tax return in Cotton County, Oklahoma have shown notable fluctuations over the past decade. After a consistent increase from $1,178.79 in 2012 to $1,883.33 in 2018, there was a surprising dip in 2019 to $1,583.33 followed by a spike in 2020 to $2,125.00. However, 2021 saw a reduction to $1,580.00. These trends could suggest varying economic conditions or policy changes impacting property assessments. For investors, homeowners, or stakeholders, understanding these shifts may shed light on the area's financial dynamics and long-term cost implications.
Percentage of Farm Returns in Cotton County, OK Over the Last 10 Years
Farm tax returns in Cotton County, Oklahoma have shown a slight but varying trend over the last decade. Starting from 15.75% in 2012, there was a small decline through 2015, when it reached approximately 14.04%. Following this period, the percentage climbed marginally back to around 15.54% in 2016 and 2017 before dipping again in subsequent years, but ended at 15.14% in 2021. These fluctuations could indicate potential volatility in agricultural income, which might be important for investors or those looking to build in the area, as it reflects the economic stability and viability of local farming operations.
Number of Mortgages by Occupancy Type in Cotton County, OK Over the Last 5 Years in Cotton County
Mortgage data for Cotton County, Oklahoma over the past five years shows a relatively stable but slightly fluctuating trend for investment properties and second residences, with a consistent significant preference for principal residences. Shifts in these occupancy types can indicate broader economic and social changes – for instance, an increase in principal residence mortgages could suggest a stable or growing community, while variations in second residence numbers might reflect changing travel patterns or secondary home markets. For investors, real estate agents, and property developers, monitoring these trends can offer insights into potential supply and demand shifts, whereas appraisers and insurance agents might consider these dynamics when evaluating property values and risks.
Economic Outlook
The average taxable income per tax return in Cotton County, Oklahoma has fluctuated over the past nine years, dipping from $46,319.09 in 2014 to $42,347.68 in 2017, but recovering to $48,796.20 by 2021. This might suggest underlying economic volatility. Additionally, the average state and local income taxes per tax return have generally trended upward, from $3,951.52 in 2012 to $5,733.33 by 2021, possibly indicating a growing economy or shifting tax policies. The average total tax liability per... Read more
Average Taxable Income per Tax Return in Cotton County, OK over the last 9 years
Over the past nine years, Cotton County, Oklahoma has seen fluctuating average taxable income per tax return. While it experienced a noticeable dip from $46,319.09 in 2014 to $42,347.68 by 2017, a steady recovery has been evident, culminating in a peak of $48,796.20 in 2021. This oscillation might suggest underlying economic volatility or responsiveness to broader economic variables, which could be pertinent for stakeholders ranging from investors to real estate agents assessing the county's economic landscape.
Average State and Local Income Taxes Per Tax Return in Cotton County, OK Over the Last 10 Years
Over the last decade, Cotton County, Oklahoma has seen its average state and local income taxes per tax return generally trend upward. Starting at $3,951.52 in 2012 and hitting $5,733.33 by 2021, this increase could signal a growing regional economy or changes in tax policy impacting residents. For investors, real estate agents, and potential new residents, this may suggest both rising incomes and possibly higher living costs. Appraisers and insurance agents might also note these trends as potential indicators of property value changes and economic health.
Average Total Tax Liability Per Tax Return in Cotton County, OK Over the Last 10 Years
Over the last decade, Cotton County, Oklahoma has seen notable fluctuations in its average total tax liability per tax return. Starting at $5,820.34 in 2012, the liability peaked at $6,808.09 in 2014 before dipping to a low of $5,275.97 in 2018. By 2021, it had risen again to $6,231.82. This volatility could hint at underlying economic shifts and policy changes, potentially impacting property investments, real estate values, and insurance assessments.
Cost of Living in Cotton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,043 | $1,444 | $2,179 | $1,108 | $1,297 |
| 1 adult 4 children | $1,043 | $1,179 | $1,669 | $1,108 | $1,374 |
| 2 adults 3 children | $1,043 | $1,179 | $1,890 | $1,108 | $1,048 |
| 1 adult 3 children | $1,043 | $963 | $1,379 | $1,108 | $1,079 |
| 2 adults 2 children | $797 | $965 | $1,601 | $986 | $889 |
| 1 adult 2 children | $797 | $721 | $1,090 | $986 | $790 |
| 2 adults 1 child | $797 | $763 | $1,311 | $589 | $822 |
| 1 adult 1 child | $797 | $493 | $800 | $589 | $670 |
| 2 adults | $616 | $613 | $1,022 | $0 | $665 |
| 1 adult | $612 | $334 | $511 | $0 | $573 |
Safety trends & Data
Cotton County, Oklahoma, has experienced a varied property crime landscape over the past five years. Motor vehicle thefts spiked in 2020 with 9 incidents, while larceny-theft also peaked that year at 3 instances. Vandalism cases have gradually increased, reaching 5 incidents in 2022. Burglary arrests have stayed relatively stable, averaging 2-3 annually. These trends hint that targeted crime prevention strategies could be beneficial in reducing vandalism and theft... Read more
Property Crime Trends in Cotton County, OK Over the Last 5 Years
Cotton County, Oklahoma, has seen a varying landscape in property crime over the past five years, with motor vehicle thefts spiking in 2020 at 9 incidents, but otherwise remaining relatively low. Larceny-theft has also fluctuated, reaching a high in 2020 with 3 reported instances. Vandalism cases have shown a gradual increase, culminating in 5 incidents in 2022. Burglary arrests have remained fairly consistent, averaging around 2-3 cases annually. For potential investors, residents, and stakeholders, these trends suggest focused crime prevention efforts could benefit specific areas like vandalism and theft prevention.
Demographics
In Cotton County, Oklahoma, the adult population is almost evenly split between males and females with a slight female majority. A significant portion of residents have completed high school, though many have not pursued higher education. Age distribution tilts toward an older demographic, with those aged 55 and above forming a large segment. The population is predominantly White, while other racial groups make up a smaller... Read more
Race Distribution in Cotton County, Oklahoma (2022)
Educational Attainment in Cotton County, Oklahoma (2022)
Age Distribution in Cotton County, Oklahoma
Citizen Population in Cotton County, Oklahoma (2022)
Political Trends & Data
Cotton County, Oklahoma, appears heavily influenced by Republican preferences, with about 82% of votes favoring the GOP in the 2020 U.S. Presidential Election. This could hint at more conservative leanings shaping local policies and perhaps impacting decisions in community projects and development. With such a dominant political stance, it's plausible that the county's real estate market might cater to similarly-minded residents who value traditional or stable... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cotton County, Oklahoma, the 2020 U.S. Presidential Election results suggest that Republican candidates likely had a commanding presence, with roughly 82% of the vote. The Democratic Party secured about 15%, while Libertarians gained around 1%. There's a small fraction of voters who opted for other parties or independent candidates, but the overwhelming support seems to have been for the Republicans.
82.31% of voters voted for the Republican party in the 2020 Presidential Election
15.28% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
1.09% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cotton County, Oklahoma has seen its student-to-teacher ratio shift from 14 in 2018 to 12 in 2023. Consistently below the national average, this could indicate more personalized education, making the area potentially more desirable for families focusing on schooling. This trend might influence property values and desirability, presenting an opportunity for real estate professionals and investors to develop family-friendly housing... Read more
Student-to-teacher ratio in Cotton County, Oklahoma over the last 10 years
Cotton County, Oklahoma has experienced fluctuations in its student-to-teacher ratio over the last decade, with values ranging from a high of 14 in 2018 to a low of 12 by 2023. Notably, the ratio consistently stayed below the national average of 14 students per teacher, dropping as low as 12 in recent years. This trend could suggest more personalized attention in classrooms, potentially making the area more appealing to families prioritizing education. For real estate agents, insurance agents, and appraisers, a lower student-to-teacher ratio might correlate with a more attractive living environment, potentially impacting property values and desirability. Investors and builders might also see an opportunity in developing family-friendly housing in the area.
