Ellis County Real Estate and Livability Trends
Ellis County, Oklahoma, has seen real estate trends marked by rising median home values from $81,800 in 2015 to $106,800 in 2022, which might attract investors looking for affordability. Real estate taxes peaked at $2,328.57 in 2018 but fell to approximately $1,525.00 in 2021, reflecting changing property values and local economic conditions. A slight increase in the percentage of farm tax... Read more
Ellis County Market Trends
Ellis County, Oklahoma has seen a rise in median home values from $81,800 in 2015 to $106,800 in 2022, still falling short of both state and national averages. This could present an opportunity for real estate investors or new residents seeking affordability along with a general upward trend. Real estate taxes in the area peaked at $2,328.57 in 2018 but decreased to around $1,525.00 in 2021,... Read more
Median Value of Occupied Housing Units in Ellis County, Oklahoma Over the Last 8 Years
Ellis County, Oklahoma has seen its median home values rise from $81,800 in 2015 to $106,800 in 2022, marking a steady increase over the past eight years. Despite these gains, county-level values have consistently been below both the state and national averages. For instance, Oklahoma's median values climbed from $117,900 in 2015 to $170,500 in 2022, while the national figures surged from $125,500 to $179,400 over the same period. This contrast could present a unique opportunity for real estate investors or new residents seeking more affordable options while still benefiting from a general upward trend.
Average Real Estate Taxes Per Tax Return in Ellis County, OK Over the Last 10 Years
Over the last decade, Ellis County, Oklahoma has seen a fluctuating trend in average real estate taxes per tax return. Beginning at $921.43 in 2012, there was a noticeable peak in 2018 with taxes reaching $2,328.57. Despite this peak, recent years have shown a decrease, with 2021 average taxes around $1,525.00. Such variability in real estate taxes could hint at shifting property values and economic conditions, making this historical data essential for those considering investments, property developments, or relocations to the area.
Percentage of Farm Returns in Ellis County, OK Over the Last 10 Years
In Ellis County, Oklahoma, the percentage of farm tax returns over the last decade shows a gentle upward trend, increasing from 23.16% in 2012 to around 25.30% by 2021. This steady rise might suggest a growth in agricultural activities or improvements in farm-based income. Farm tax returns refer to income documentation specifically related to agricultural endeavors, often factoring in revenue from crop production, livestock, and sometimes forestry. This trend could be of interest to potential investors, offering insights into the viability and growing significance of agriculture in the region. For those considering moving or developing property here, it's worth noting the potentially stabilizing influence of a robust agricultural sector on the local economy.
Number of Mortgages by Occupancy Type in Ellis County, OK Over the Last 5 Years in Ellis County
In Ellis County, Oklahoma, the number of mortgages for investment properties has fluctuated modestly, while mortgages for principal residences have shown a visible decline from 2018 to 2022. This trend could signal shifting economic dynamics or demographic changes that affect housing demand and types of occupancy. For investors, this variability in investment property loans might indicate changing prospects for rental markets or potential property value gains. For those looking to move, fewer principal residence mortgages suggest either a stabilization in new home purchases or possibly people staying put longer, which can impact available inventory and housing prices. Understanding these shifts is crucial for appraisers, insurance agents, and real estate agents to adapt their evaluations, risk assessments, and sales strategies accordingly.
Economic Outlook
Ellis County, Oklahoma, has experienced notable fluctuations in average taxable income, peaking at $75,489.73 in 2014 and dropping to $50,033.72 in 2020, with a mild recovery to $56,144.44 in 2021. This volatility could reflect economic challenges or shifts in local industries, impacting investment and real estate markets. State and local income taxes per return also varied, reaching $10,061.76 in 2013 but decreasing to $5,064.00 in 2016, thus affecting the overall cost of living and property... Read more
Average Taxable Income per Tax Return in Ellis County, OK over the last 9 years
Ellis County, Oklahoma has seen significant fluctuations in average taxable income over the last nine years, peaking at $75,489.73 in 2014 and dipping as low as $50,033.72 in 2020. Despite these oscillations, the trend in recent years suggests a mild recovery, with the latest figure for 2021 standing at $56,144.44. This volatility could imply economic challenges or shifts in major local industries, which may affect investment and real estate opportunities. Prospective investors, insurance agents, and appraisers should closely monitor these trends to gauge the county's financial climate accurately.
Average State and Local Income Taxes Per Tax Return in Ellis County, OK Over the Last 10 Years
Over the last decade, Ellis County, Oklahoma has seen fluctuating state and local income taxes per tax return, with a peak at $10,061.76 in 2013 and a low of $5,064.00 in 2016. This variation may influence decisions for potential investors or new residents, as the tax burden can impact overall cost of living and property investments. Real estate agents and appraisers might find these trends useful for calculating potential returns and advising clients on financial implications. Insurance agents too may consider these fluctuations when assessing risk and coverage needs.
Average Total Tax Liability Per Tax Return in Ellis County, OK Over the Last 10 Years
Ellis County, Oklahoma has seen significant fluctuation in average total tax liability per tax return over the past decade. Highs were observed from 2012 to 2014, peaking at $15,081.63 in 2014, but a steep decline occurred by 2016, dropping to $7,786.89. More recent years show some recovery yet remain far below the initial peak, indicating economic or policy changes that might have reduced overall tax burdens. This trend may affect investment strategies and real estate valuations, signaling a shifting financial landscape in the area.
Cost of Living in Ellis County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,036 | $1,448 | $2,142 | $1,090 | $1,348 |
| 1 adult 4 children | $1,036 | $1,182 | $1,641 | $1,090 | $1,437 |
| 2 adults 3 children | $1,036 | $1,183 | $1,857 | $1,090 | $1,096 |
| 1 adult 3 children | $1,036 | $966 | $1,356 | $1,090 | $1,137 |
| 2 adults 2 children | $851 | $968 | $1,572 | $961 | $943 |
| 1 adult 2 children | $851 | $723 | $1,071 | $961 | $890 |
| 2 adults 1 child | $851 | $765 | $1,288 | $543 | $885 |
| 1 adult 1 child | $851 | $494 | $786 | $543 | $711 |
| 2 adults | $696 | $615 | $1,003 | $0 | $723 |
| 1 adult | $661 | $335 | $501 | $0 | $608 |
Safety trends & Data
Ellis County, Oklahoma, has seen consistently low property crime rates over the past five years. Larceny-theft peaked at 4 incidents in 2018 but has since declined, while motor vehicle theft has stayed relatively constant with 1 or 2 incidents annually. Burglary and stolen property cases have shown minimal but steady numbers, which could be a concern for potential property investors. Understanding these trends might be key for those considering investment or assessing risk in the... Read more
Property Crime Trends in Ellis County, OK Over the Last 5 Years
Ellis County, Oklahoma, has experienced relatively low incidents of property crime over the past five years, with notable fluctuations in specific categories. Larceny-theft occurrences peaked at 4 incidents in 2018 but have since declined, while motor vehicle theft has remained consistent with up to 1 or 2 incidents per year. Burglary and stolen property cases have shown minimal but steady numbers, highlighting potential areas of concern for property owners. For those looking to invest in property or assess risk in Ellis County, understanding these crime trends could be crucial in making informed decisions.
Demographics
In Ellis County, Oklahoma, there seems to be a roughly equal male-to-female ratio in the adult population, which could suggest balanced gender representation. The educational attainment data perhaps indicates a significant portion of residents have at least completed high school, though fewer have pursued higher education degrees. Analyzing the age distribution reveals a noteworthy number of older adults, possibly hinting at an aging population. The racial demographics show a predominant white... Read more
Race Distribution in Ellis County, Oklahoma (2022)
Educational Attainment in Ellis County, Oklahoma (2022)
Age Distribution in Ellis County, Oklahoma
Citizen Population in Ellis County, Oklahoma (2022)
Political Trends & Data
Ellis County, Oklahoma, demonstrated a strong Republican preference in the 2020 U.S. Presidential Election, with nearly 90% of votes favoring the GOP. The Democratic Party captured just under 9%, and Libertarian candidates received less than 1%. This consistent conservative leaning implies that the local voter base is predominantly right-leaning, potentially influencing local policies and market... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ellis County in Oklahoma showed a significant lean towards the Republican Party in the 2020 U.S. Presidential Election, with nearly 90% of the votes. The Democratic Party garnered just below 9%, while Libertarian candidates received a bit under 1%. The presence of third parties and other categories hardly made a mark. This pattern suggests a predominantly conservative voter base in the county.
90.12% of voters voted for the Republican party in the 2020 Presidential Election
8.65% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Livertarian party in the 2020 Presidential Election
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ellis County, Oklahoma has consistently maintained a student-to-teacher ratio below the national average of 14 students per teacher, often under eleven, peaking slightly at 11 in 2019. This low ratio may imply smaller class sizes and more individualized attention, appealing for families considering relocation and advantageous for real estate agents highlighting the area's educational strengths. Investors and builders might also view this stability and educational quality as a signal of the... Read more
Student-to-teacher ratio in Ellis County, Oklahoma over the last 10 years
Over the past decade, Ellis County, Oklahoma has generally maintained a student-to-teacher ratio significantly below the national average of 14 students per teacher. The ratio fluctuated but remained under eleven for most years, peaking slightly in 2019 at 11 students per teacher before declining again. Such a low student-to-teacher ratio may imply smaller class sizes, potentially offering more individualized attention and a better learning environment. This could be a noteworthy factor for families considering moving to the area, as well as for real estate agents marketing the locality's educational advantages. Similarly, investors and builders may find this stability and educational quality appealing when assessing the area's long-term potential. Insurance agents might also see this as an indicator of a community that values education, which may correlate with other positive community metrics.
