Garfield County Real Estate and Livability Trends
Garfield County, Oklahoma's median housing value growth from $96,900 in 2015 to $142,000 in 2022 suggests relatively affordable entry points compared to state and national increases, potentially attracting investors and homebuyers. The significant rise in real estate taxes and variable residential energy tax credits could impact financial planning and property investments. The stable farm tax... Read more
Garfield County Market Trends
Garfield County, Oklahoma, has seen modest median housing value growth from $96,900 in 2015 to $142,000 in 2022, compared to state and national increases. This might present more affordable entry points for potential investors and homebuyers. The average residential energy tax credit per tax return has fluctuated, peaking at $1,210 in 2018, suggesting variable energy efficiency initiatives that... Read more
Median Value of Occupied Housing Units in Garfield County, Oklahoma Over the Last 8 Years
The median value of occupied housing units in Garfield County, Oklahoma has shown a consistent upward trajectory over the last eight years, climbing from $96,900 in 2015 to $142,000 in 2022. While this mirrors the trend seen at the state level, where values rose from $117,900 to $170,500, and the national level, rising from $125,500 to $179,400, Garfield County's growth is relatively modest. This presents an intriguing opportunity for potential investors and homebuyers who might be looking for more affordable entry points in the housing market compared to broader state and national levels.
Residential Energy Tax Credit Per Tax Return in Garfield County, OK Over the Last 9 Years
Over the last nine years, Garfield County, Oklahoma has seen fluctuations in the average residential energy tax credit per tax return, peaking at $1,210.00 in 2018 and showing a notable rise again in 2020 and 2021, with values at $932.00 and $939.39 respectively. These variations might suggest changes in energy efficiency initiatives and investment incentives, making it potentially attractive for those considering energy-efficient home improvements or property investments. This information could also be useful for real estate agents and appraisers to understand the evolving value of energy-efficient homes in the area.
Average Real Estate Taxes Per Tax Return in Garfield County, OK Over the Last 10 Years
In the past decade, Garfield County, Oklahoma has seen a noticeable upward trend in average real estate taxes per tax return, jumping from approximately $1,906.31 in 2012 to $3,450.37 in 2021. This significant rise, particularly sharp after 2017, could be pointing towards increasing property values or changes in tax assessments, making it crucial for potential investors, homebuyers, appraisers, and insurance agents to factor in the higher tax implications. Real estate professionals and current residents might find this trend worth considering for future financial planning and market evaluation.
Percentage of Farm Returns in Garfield County, OK Over the Last 10 Years
Farm tax returns in Garfield County, Oklahoma have consistently hovered around 4.5% to 4.9% over the last decade. Despite minor fluctuations year to year, there seems to be a general steadiness in these returns, indicating a relatively stable agricultural sector. This stability might be appealing to potential investors and developers looking to engage with the farming community, offering a sense of predictability in an industry often subjected to volatility. Prospective residents and businesses considering relocation to Garfield County might find this reliability an attractive feature for long-term planning and investment in the local economy.
Number of Mortgages by Occupancy Type in Garfield County, OK Over the Last 5 Years in Garfield County
Recent trends in Garfield County, Oklahoma, point towards a notable preference for principal residences, with mortgage counts consistently in the thousands, peaking at over 2400 in recent years. Investment properties also show steady engagement, though on a smaller scale, hovering around the mid-100s. Second residences are marginal, barely crossing into double digits. These shifts in occupancy types can be quite relevant for investors, real estate agents, and insurance agents. High numbers of principal residences may suggest a robust local property market and community stability, making it appealing for families and long-term investors. Conversely, a steady but smaller investment property market could highlight opportunities for rental income or property flipping. The minimal activity in second residences may indicate fewer opportunities or desire for vacation homes in the area. Understanding these dynamics helps appraise property potential, assess market risks, and aid those considering relocation or investment in strategic decision-making.
Economic Outlook
In Garfield County, Oklahoma, the average taxable income per tax return has seen notable peaks in 2014 and 2021, reaching $63,322.90 and $63,095.94, respectively, while hitting a low in 2016 at $55,809.32. Similarly, state and local income taxes per return peaked at $7,276.02 in 2013 before dropping to $5,366.21 in 2017, then rebounding to around $8,987.05 in 2021. The average total tax liability also showed significant fluctuations, peaking at $12,297.52 in 2014 but falling to $8,680.96 by... Read more
Average Taxable Income per Tax Return in Garfield County, OK over the last 9 years
Over the past nine years in Garfield County, Oklahoma, the average taxable income per tax return has fluctuated, peaking notably in 2014 and 2021 at around $63,322.90 and $63,095.94, respectively. The lowest point was observed in 2016, with an average taxable income of approximately $55,809.32. This variability suggests a dynamic economic environment, influenced by broader economic conditions and local factors. This may be important for potential investors and real estate professionals seeking insights on economic stability and growth, influencing property values and investment opportunities in the region.
Average State and Local Income Taxes Per Tax Return in Garfield County, OK Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Garfield County, Oklahoma have shown notable fluctuations. After peaking at around $7,276.02 in 2013, there was a significant drop to $5,366.21 in 2017. Since then, there has been an upward trend, reaching close to $8,987.05 in 2021. This variability could signal changing economic conditions and shifting tax policies, impacting potential investments, real estate valuations, and living costs in Garfield County.
Average Total Tax Liability Per Tax Return in Garfield County, OK Over the Last 10 Years
The average total tax liability per tax return in Garfield County, Oklahoma has fluctuated over the past decade, peaking in 2014 at $12,297.52 and showing a general downward trend since then, reaching a low of $8,680.96 in 2020. This volatility in tax liability may indicate underlying economic shifts within the county, potentially affecting property values, investment attractiveness, and overall economic stability. For real estate agents, investors, and insurance agents, understanding these patterns can provide insights into market dynamics and future financial planning in the area.
Cost of Living in Garfield County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,166 | $1,436 | $2,179 | $1,428 | $1,398 |
| 1 adult 4 children | $1,166 | $1,172 | $1,669 | $1,428 | $1,487 |
| 2 adults 3 children | $1,166 | $1,173 | $1,890 | $1,428 | $1,149 |
| 1 adult 3 children | $1,166 | $958 | $1,379 | $1,428 | $1,193 |
| 2 adults 2 children | $899 | $960 | $1,601 | $1,271 | $950 |
| 1 adult 2 children | $899 | $717 | $1,090 | $1,271 | $878 |
| 2 adults 1 child | $899 | $759 | $1,311 | $760 | $859 |
| 1 adult 1 child | $899 | $490 | $800 | $760 | $710 |
| 2 adults | $683 | $610 | $1,022 | $0 | $651 |
| 1 adult | $666 | $332 | $511 | $0 | $561 |
Safety trends & Data
Garfield County, Oklahoma has seen a significant drop in burglary rates from 59 to 31 incidents annually between 2018 and 2022, while larceny-theft remains a concern, peaking at 153 incidents in 2018 and ending at 126 in 2022. Motor vehicle theft has generally decreased over the years. Vandalism, arson, and fraud are relatively low, hinting at a safer property crime... Read more
Property Crime Trends in Garfield County, OK Over the Last 5 Years
Garfield County, Oklahoma has seen a noticeable decline in burglary rates from 2018 through 2022, dropping from 59 to 31 reported incidents annually. However, larceny-theft remains a persistent issue, with the number of incidents fluctuating but staying relatively high, peaking at 153 in 2018 and reaching 126 in 2022. Motor vehicle theft has shown some variability but generally decreased over the five-year period. Notably, vandalism, arson, and fraud incidents appear to be low compared to other property crimes. For potential investors, those considering moving, real estate agents, and other stakeholders, these trends may indicate a slowly improving property crime landscape, offering some reassurance when evaluating the safety and stability of communities within the county.
Demographics
Garfield County, Oklahoma showcases a balanced adult population with approximately equal numbers of males and females. Educational attainment reveals that most residents have graduated high school; however, a significant number haven't pursued higher education beyond some college. The county's age distribution is fairly spread across different age groups, with a notable portion under the age of 10, indicating a youthful base. In terms of racial diversity, the population is predominantly White,... Read more
Race Distribution in Garfield County, Oklahoma (2022)
Educational Attainment in Garfield County, Oklahoma (2022)
Age Distribution in Garfield County, Oklahoma
Citizen Population in Garfield County, Oklahoma (2022)
Political Trends & Data
Garfield County in Oklahoma shows a strong Republican presence with about 76.00% of the votes in the 2020 U.S. Presidential Election, while Democrats managed just over 21.00%. The small percentage of votes for Libertarian and other parties highlights the county's two-party dominance. This political landscape may influence local policies and development decisions, potentially impacting real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Garfield County in Oklahoma leans heavily Republican, with nearly 76% of the votes going to the Republican party in the 2020 U.S. Presidential Election. Democrats garnered just over 21%, while the Libertarian party and other affiliations collectively received less than 3%. This voting pattern suggests a strong Republican presence and a relatively small but notable Democratic minority.
75.66% of voters voted for the Republican party in the 2020 Presidential Election
21.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.65% of voters voted for the Livertarian party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Garfield County, Oklahoma, the student-to-teacher ratio has generally hovered around 15 students per teacher over the past decade, occasionally peaking at 16. This is slightly higher than the national average of 14, hinting at larger class sizes. For homebuyers and investors, these ratios could influence property values and buyer interest since many families prioritize areas with smaller class sizes for better educational outcomes. Appraisers and insurance agents might also factor in these... Read more
Student-to-teacher ratio in Garfield County, Oklahoma over the last 10 years
Over the last decade in Garfield County, Oklahoma, the student-to-teacher ratio has seen slight fluctuations, hovering around 15 students per teacher, and peaking at 16 in 2017 and 2018. Compared to the national average of 14 students per teacher, Garfield County typically trends slightly higher, which may indicate larger classroom sizes. For potential investors, homebuyers, and real estate agents, these ratios can influence property values and buyer interest, as many families prioritize areas with smaller class sizes for their educational benefits. Additionally, appraisers and insurance agents might consider these data points when assessing risk and value, as educational quality can impact overall community stability and desirability.
