Craig County Real Estate and Livability Trends
Craig County, Oklahoma has seen a notable uptick in average taxable income per tax return, jumping from $39,235.21 in 2013 to $51,654.69 by 2021, hinting at improved economic stability that could draw in new investors and residents. Median home values have also risen from $90,600 in 2015 to $120,000 in 2022, though still below the medians at the state and national levels. Real estate and local... Read more
Craig County Market Trends
Craig County, Oklahoma has seen a notable increase in median home values from $90,600 in 2015 to $120,000 in 2022, yet these figures remain below state and national medians. Energy tax credits have surged, reaching $700.00 per return in 2021, indicating a potential rise in green energy investments. Real estate taxes have climbed from $1,206.58 in 2012 to $2,138.46 in 2021, impacting long-term... Read more
Median Value of Occupied Housing Units in Craig County, Oklahoma Over the Last 8 Years
Craig County, Oklahoma, has experienced a steady rise in median home values over the past eight years, from $90,600 in 2015 to $120,000 in 2022. This regional increase, although notable, remains below the state median of $170,500 and the national median of $179,400 in 2022. For potential investors or those considering relocation, Craig County offers more affordable housing options compared to broader state and national metrics, potentially providing greater value for those looking to enter the market or expand property investments in a growing yet cost-effective area.
Residential Energy Tax Credit Per Tax Return in Craig County, OK Over the Last 5 Years
Craig County, Oklahoma has seen a noticeable upswing in the average residential energy tax credit per tax return over the past five years. Starting at $200.00 in 2013, these credits gradually increased, peaking at $300.00 in 2015. While there was a slight dip in 2016, the credit surged dramatically to $700.00 in 2021. This trend may indicate growing investments in energy-efficient technologies or stronger incentives for homeowners, suggesting a favorable outlook for green energy initiatives and potentially influencing property values and market interest.
Average Real Estate Taxes Per Tax Return in Craig County, OK Over the Last 10 Years
Over the last decade, Craig County, Oklahoma has seen a notable increase in average real estate taxes per tax return. Starting from approximately $1,206.58 in 2012, there's been a steady rise with a significant leap in 2018 reaching around $1,916.67. This upward trend continued, peaking at roughly $2,208.33 in 2020 before slightly dipping in 2021 to about $2,138.46. For investors, real estate agents, and potential homeowners, understanding these tax trends is crucial for financial planning, property valuation, and long-term investment strategies in the area.
Percentage of Farm Returns in Craig County, OK Over the Last 10 Years
Farm tax returns in Craig County, Oklahoma have experienced minute fluctuations over the last 10 years, hovering between approximately 17.35% and 18.64%. The highest spike reached around 18.64% in 2015, with subsequent years mostly maintaining a steady trend around 17% to 18%. Farm tax returns reflect the proportion of tax filings attributed to agricultural activities, giving insight into the prominence of farming in the local economy. For potential investors or property developers, this relatively stable percentage suggests a consistent presence of agribusiness in Craig County, which could imply a supportive community for agricultural ventures and stable land use patterns supporting farming.
Number of Mortgages by Occupancy Type in Craig County, OK Over the Last 5 Years in Craig County
Investment property mortgages in Craig County, Oklahoma have seen a noticeable jump from just 10 in 2019 to 104 in 2021, indicating a growing interest from investors, likely influenced by market conditions or local economic developments. Meanwhile, mortgages for principal residences in the area have also risen steadily, suggesting an influx of residents or a strong housing market. Conversely, second residence mortgages show a decline, hinting at less interest in vacation homes in Craig County over the same period. These shifts are key for potential investors, developers, and real estate professionals as they indicate evolving demands and opportunities in the local housing market. Understanding these trends helps in making informed decisions about property investments, pricing, and development opportunities in the region.
Economic Outlook
Craig County, Oklahoma has experienced a noteworthy rise in average taxable income per tax return, climbing from $39,235.21 in 2013 to $51,654.69 by 2021. This trend may point to enhanced economic stability, potentially making the area more attractive for investors and new residents. Similarly, the average state and local income taxes per tax return have also surged, from $4,047.37 in 2012 to $6,882.35 in 2021, which could reflect a bolstering economic base or evolving tax policies. Meanwhile,... Read more
Average Taxable Income per Tax Return in Craig County, OK over the last 9 years
Craig County, Oklahoma has seen quite an upward trend in average taxable income per tax return over the past nine years. From $39,235.21 in 2013, the figure has gradually climbed with some fluctuations, reaching $51,654.69 by 2021. The noticeable increase in recent years suggests a growing economic stability, which might be appealing for potential investors or those looking to move. For real estate agents and appraisers, understanding these trends is crucial as they directly influence property values and market potential. Insurance agents may also want to take note, as a rise in taxable income often correlates with the need for more comprehensive coverage plans.
Average State and Local Income Taxes Per Tax Return in Craig County, OK Over the Last 10 Years
Over the last decade, Craig County, Oklahoma has witnessed a significant rise in average state and local income taxes per tax return, jumping from $4,047.37 in 2012 to $6,882.35 in 2021. Notably, the years 2018 and 2019 saw sharp increases, peaking at $7,106.67 in 2020. This trend could indicate a growing economic base or changes in tax policies. For potential investors, real estate agents, and those considering relocation, understanding these tax dynamics can be crucial for financial planning and long-term investment strategies.
Average Total Tax Liability Per Tax Return in Craig County, OK Over the Last 10 Years
Craig County, Oklahoma has seen fluctuating average total tax liability per tax return over the past decade. Notable spikes occurred in 2015 and 2021, reaching peaks of $6563.02 and $7136.63 respectively, which could suggest economic factors or policy changes impacting tax payments during these years. Despite these highs, other years have remained relatively stable, with values hovering around the mid-$5000-$6000 range. This volatility might be a point of consideration for real estate investors and those looking to move to the area, as it reflects potential economic instability or growth periods in the county.
Cost of Living in Craig County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,101 | $1,448 | $1,893 | $1,102 | $1,173 |
| 1 adult 4 children | $1,101 | $1,182 | $1,448 | $1,102 | $1,252 |
| 2 adults 3 children | $1,101 | $1,183 | $1,642 | $1,102 | $944 |
| 1 adult 3 children | $1,101 | $966 | $1,197 | $1,102 | $951 |
| 2 adults 2 children | $831 | $968 | $1,391 | $972 | $791 |
| 1 adult 2 children | $831 | $723 | $946 | $972 | $709 |
| 2 adults 1 child | $831 | $765 | $1,140 | $550 | $749 |
| 1 adult 1 child | $831 | $494 | $695 | $550 | $613 |
| 2 adults | $631 | $615 | $889 | $0 | $610 |
| 1 adult | $627 | $335 | $445 | $0 | $540 |
Safety trends & Data
Craig County, Oklahoma, has seen varying trends in property crimes over the last five years, with burglary incidents peaking at 13 in 2020 and larceny-theft hitting a high of 20 cases but decreasing to 6 by 2021. Motor vehicle theft remains low, maxing out at 5 incidents in 2018. Crimes like forgery and embezzlement are minor but notable. This dynamic could shape considerations for prospective investors and residents assessing property... Read more
Property Crime Trends in Craig County, OK Over the Last 5 Years
Craig County, Oklahoma, has seen varying trends in property crimes over the last five years, showing some fluctuations but no drastic increases. Burglary incidents have dipped and peaked, with a noticeable high of 13 in 2020. Larceny-theft appears to be the most prevalent crime, hitting a high of 20 cases in 2020 but decreasing to 6 by 2021. Motor vehicle theft remains relatively low, maxing out at 5 incidents in 2018. The incidence of crimes like forgery, counterfeiting, and embezzlement are minor but notable. This dynamic indicates potential areas of focus for law enforcement and could shape considerations for prospective investors and residents assessing property risk.
Demographics
Craig County, Oklahoma's adult population shows a slight male majority with approximately 5518 males compared to 5266 females. The area has a significant portion of individuals with a high school education or some college experience, though there's a notable segment without a diploma. Age distribution appears to be fairly balanced across different age groups, with a mild emphasis on those between 25 to 54 years old. Racially, the county is predominantly White, while there is a substantial... Read more
Race Distribution in Craig County, Oklahoma (2022)
Educational Attainment in Craig County, Oklahoma (2022)
Age Distribution in Craig County, Oklahoma
Citizen Population in Craig County, Oklahoma (2022)
Political Trends & Data
Craig County in Oklahoma showed strong Republican support in the 2020 Presidential Election, with close to 78% of the vote likely going to the GOP. Democrats may have garnered about 20%, with Libertarians and other parties barely making a dent. This heavy Republican tilt could mirror broader political leanings and demographics in the area, which might influence local real estate market trends, possibly favoring stability over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Craig County in Oklahoma displayed an overwhelming inclination towards the Republican party in the 2020 Presidential Election, with nearly 78% of the vote possibly supporting the GOP. Democrats might have captured around 20%, while Libertarians barely scratched the surface with just under 1.5%. Other parties, including the Green party, seemingly made little to no impact on voter preferences in this predominantly Republican region. This trend could reflect the county's broader political leanings and demographic influences.
77.69% of voters voted for the Republican party in the 2020 Presidential Election
20.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.46% of voters voted for the Livertarian party in the 2020 Presidential Election
0.68% of voters voted for the Other party in the 2020 Presidential Election
School Data
API... Read more
Student-to-teacher ratio in Craig County, Oklahoma over the last 10 years
Over the last decade, the student-to-teacher ratio in Craig County, Oklahoma has generally hovered around 13 students per teacher, reaching a low of about 12 in some years. Unlike the national average of 14, Craig County appears to offer smaller class sizes, which might indicate more personalized attention for students. This trend could be particularly relevant for parents considering a move to the area, real estate agents highlighting local educational benefits, or educational institutions planning staff allocation. Smaller ratios can often translate to perceived higher educational quality, potentially affecting property values and community engagement.
