Dewey County Real Estate and Livability Trends
Dewey County, Oklahoma's median home values have increased from $84,200 in 2015 to $117,200 in 2022, staying below state and national medians, potentially appealing to budget-conscious buyers. Real estate taxes tripled over the last decade, likely due to rising property values or tax rates. Meanwhile, a stable agricultural sector, with farm tax returns around 30%, might attract farming investors.... Read more
Dewey County Market Trends
Median home values in Dewey County, Oklahoma have climbed from $84,200 in 2015 to $117,200 in 2022, though they remain below the state and national medians, which could make the area attractive for budget-conscious buyers. The county's average residential energy tax credits have varied, peaking at $400.00 in 2014 before dropping to $300.00 in 2015, hinting at shifts in energy efficiency... Read more
Median Value of Occupied Housing Units in Dewey County, Oklahoma Over the Last 8 Years
Over the past eight years, median home values in Dewey County, Oklahoma have generally seen a steady increase, reflecting broader market trends. From $84,200 in 2015 to $117,200 in 2022, the county experienced growth that peaked markedly in 2022. While Dewey County's home values remain below both the state ($170,500 in 2022) and national ($179,400 in 2022) medians, the upward trajectory may signal potential for future growth, making it an appealing option for investors or homebuyers seeking more affordable property within Oklahoma.
Residential Energy Tax Credit Per Tax Return in Dewey County, OK Over the Last 3 Years
Dewey County, Oklahoma has seen fluctuations in the average residential energy tax credit per tax return over the past three years. In 2013, the average credit was around $250.00, rising significantly to $400.00 in 2014, before decreasing to about $300.00 in 2015. This variability could indicate changes in policy, adoption rates of energy-efficient solutions, or evolving energy costs, providing interesting points for investors, homeowners, and real estate professionals to consider.
Average Real Estate Taxes Per Tax Return in Dewey County, OK Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Dewey County, Oklahoma have shown a general upward trend, nearly tripling from $719.23 in 2012 to $1860.00 in 2021. This sharp increase might indicate growing property values or rising tax rates, which could affect overall real estate costs. Investors, real estate agents, and those considering moving to the area should weigh these potential rises in real estate taxes when planning their investments or housing choices. For appraisers and insurance agents, it highlights the need to consider these trends in their assessments and policy pricing.
Percentage of Farm Returns in Dewey County, OK Over the Last 10 Years
The percentage of farm returns in Dewey County, Oklahoma, has shown some fluctuation over the past decade but generally hovers around the 30% mark. The lowest observed value was in 2014 at 29.17%, while the highest was in 2020 at 31.04%. Farm tax returns reflect the financial health and profitability of farms, serving as an indicator for potential investors and those considering relocation. Steady returns, particularly in a county where agriculture plays a significant role, could signal a stable environment for farming-related investments and economic activities.
Number of Mortgages by Occupancy Type in Dewey County, OK Over the Last 5 Years in Dewey County
Over the past five years in Dewey County, Oklahoma, mortgage data highlights notable variability in principal residence mortgages, peaking at 122 in 2018 and showing a steady decline with an uptick in 2021. Investment property mortgages remain minimal but consistent, while second residence mortgages are almost negligible. These shifts in occupancy types may matter for investors and real estate agents considering market dynamics, as lower investment property counts could signify a stable, owner-occupied community and limited speculative activities, potentially impacting property valuation. For those planning to build or buy, this could indicate a focused demand on primary residences rather than vacation or rental properties, affecting project viability and targeting efforts.
Economic Outlook
Dewey County, Oklahoma has seen a range of average taxable incomes over the past nine years, with peaks at $63,271.76 in 2014 and lows of $52,003.35 in 2020, reflecting broader economic challenges. The variance in state and local income taxes, peaking at $7,709.09 in 2019, further suggests economic dynamics or changes in tax policy impacting the region. Similarly, average total tax liability has shown noticeable fluctuation, with a high surpassing $10,800 in 2013 and a significant dip to... Read more
Average Taxable Income per Tax Return in Dewey County, OK over the last 9 years
Dewey County, Oklahoma has experienced fluctuating taxable incomes over the last nine years, with the highest recorded average taxable income per tax return at $63,271.76 in 2014. There have been significant dips, such as a low of $52,003.35 in 2020, likely reflecting broader economic challenges. For real estate agents, appraisers, and potential investors or residents, these swings suggest a dynamic economic environment that could influence property values and investment strategies. Analyzing these trends is crucial for understanding the economic health of Dewey County and planning future financial decisions.
Average State and Local Income Taxes Per Tax Return in Dewey County, OK Over the Last 10 Years
Dewey County, Oklahoma has seen fluctuating state and local income taxes per tax return over the past decade, with notable increases in 2013 and 2019, peaking at $7,709.09 in 2019. While the average taxes dipped in 2015 and 2016, there was another rise in 2018 before declining again in 2021 to $5,566.67. This variability may suggest economic factors impacting taxable income or changes in tax policy, which could be critical for investors, real estate agents, and those planning to build or move to the area.
Average Total Tax Liability Per Tax Return in Dewey County, OK Over the Last 10 Years
Over the past decade in Dewey County, Oklahoma, there's been noticeable fluctuation in the average total tax liability per tax return. The highest spikes were seen in 2013 and 2017, surpassing $10,800. However, there's also been a significant dip, particularly in 2020, where the average dropped to $6,988.73. This variability can impact financial planning, property investments, and insurance assessments, suggesting an environment where taxes may often reflect broader economic conditions. For real estate agents and potential investors, these trends could indicate underlying economic shifts, potentially tied to employment rates or local business performance.
Cost of Living in Dewey County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,133 | $1,444 | $2,142 | $1,110 | $1,353 |
| 1 adult 4 children | $1,133 | $1,179 | $1,641 | $1,110 | $1,446 |
| 2 adults 3 children | $1,133 | $1,179 | $1,857 | $1,110 | $1,104 |
| 1 adult 3 children | $1,133 | $963 | $1,356 | $1,110 | $1,150 |
| 2 adults 2 children | $797 | $965 | $1,572 | $979 | $898 |
| 1 adult 2 children | $797 | $721 | $1,071 | $979 | $808 |
| 2 adults 1 child | $797 | $763 | $1,288 | $553 | $824 |
| 1 adult 1 child | $797 | $493 | $786 | $553 | $678 |
| 2 adults | $605 | $613 | $1,003 | $0 | $674 |
| 1 adult | $601 | $334 | $501 | $0 | $586 |
Safety trends & Data
Over the last five years, Dewey County, Oklahoma has observed relatively low but fluctuating property crime rates. For instance, larceny-theft spiked with 6 reported cases in 2019 before sharply declining. Burglary has stayed minimal with just 1-2 cases annually. Motor vehicle theft saw some variation, peaking at 2 cases in both 2019 and 2021. Newer crime categories like stolen property and forgery have emerged recently. This low but unpredictable crime rate could be a critical factor for... Read more
Property Crime Trends in Dewey County, OK Over the Last 5 Years
Over the last five years, Dewey County, Oklahoma has seen relatively low, yet varied property crime rates. Instances of larceny-theft spiked in 2019 with 6 reported cases, but significantly dropped in subsequent years. Burglary remained consistently minimal, with only 1-2 cases annually. Motor vehicle theft showed some fluctuation, hitting a high of 2 cases in both 2019 and 2021. Notably, newer categories like stolen property and forgery emerged in recent years. These trends suggest a generally low crime rate, but with occasional spikes in certain categories, making it a key consideration for potential investors, homebuyers, and insurance agents.
Demographics
Dewey County, Oklahoma's adult population seems evenly split between males and females. A majority of residents likely have completed high school, while a smaller fraction have advanced degrees. The age distribution suggests a substantial number of younger and older adults, with noticeable concentration in the 55 to 64 years bracket. Racially, the county is predominantly White, with minor representation from other racial groups. These insights could be valuable for public policy planning,... Read more
Race Distribution in Dewey County, Oklahoma (2022)
Educational Attainment in Dewey County, Oklahoma (2022)
Age Distribution in Dewey County, Oklahoma
Citizen Population in Dewey County, Oklahoma (2022)
Political Trends & Data
Dewey County in Oklahoma exhibited a substantial conservative leaning in the 2020 U.S. Presidential Election, with about 90% of the votes going to the Republican party. The Democratic party captured a little over 9%, and minor parties collectively accounted for around 1%. This dominant Republican presence likely has a significant impact on local policies and political representation, reflecting the county's strong conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Dewey County in Oklahoma showed a dominant inclination towards the Republican party in the 2020 U.S. Presidential Election, with an overwhelming 90% of votes. This significantly surpasses the combined votes for all other parties, underlining a strong conservative tendency. The Democratic party garnered just over 9%, while smaller parties collectively made up roughly 1%. This suggests that Dewey County might be characterized by a predominantly Republican voter base, which could influence local policies and political representation.
90.04% of voters voted for the Republican party in the 2020 Presidential Election
9.07% of voters voted for the Democrat party in the 2020 Presidential Election
0.51% of voters voted for the Livertarian party in the 2020 Presidential Election
0.38% of voters voted for the Other party in the 2020 Presidential Election
School Data
Student-to-teacher ratios in Dewey County, Oklahoma, have hovered between just over nine to nearly eleven students per teacher over the past decade, notably lower than the national average of fourteen. This reduced ratio could imply more personalized attention for each student, which might make the area more attractive for families. For investors, real estate agents, and appraisers, these numbers could suggest a supportive learning environment, potentially boosting the area's appeal and... Read more
Student-to-teacher ratio in Dewey County, Oklahoma over the last 10 years
Student-to-teacher ratios in Dewey County, Oklahoma, have stayed relatively stable over the past decade, typically ranging from just over nine to nearly eleven students per teacher. This is consistently lower than the national average of fourteen students per teacher. Lower ratios can imply more personalized attention for each student, which could be attractive for families considering moving to the area. For investors, real estate agents, appraisers, and those involved in educational development, these figures might suggest a supportive learning environment, potentially raising the area's appeal and influencing property values positively.
