Garvin County Real Estate and Livability Trends
Garvin County, Oklahoma is experiencing a notable increase in median home values, suggesting affordable investment opportunities in a growing market. The rise in residential energy tax credits indicates an interest in energy-efficient home improvements, while the doubling of average real estate taxes per tax return hints at either growing property values or tax rate adjustments. The county's... Read more
Garvin County Market Trends
Garvin County, Oklahoma, has experienced notable increases in median home values from $88,000 in 2015 to $124,300 by 2022, yet still remains below state and national levels. This could indicate affordable investment opportunities in a growing market. Residential energy tax credits have surged from about $326.67 in 2013 to $2,233.33 in 2021, highlighting a rising interest in energy-efficient home... Read more
Median Value of Occupied Housing Units in Garvin County, Oklahoma Over the Last 8 Years
Garvin County, Oklahoma has experienced steady increases in median home values over the last eight years, starting at $88,000 in 2015 and rising to $124,300 by 2022. While this growth is indicative of an appreciating market, the county's median home values remain significantly below both state and national levels. In comparison, Oklahoma's median home values moved from $117,900 in 2015 to $170,500 in 2022, and national figures jumped from $125,500 to $179,400 within the same period. This disparity could signal investment opportunities in Garvin County, offering more affordable options in a growing market.
Residential Energy Tax Credit Per Tax Return in Garvin County, OK Over the Last 8 Years
Garvin County, Oklahoma has experienced a notable upward trend in average residential energy tax credits per tax return over the past eight years, suggesting increased investments in energy-efficient home improvements. From a modest $326.67 in 2013, the average credit climbed to $2,233.33 in 2021. This surge potentially indicates growing awareness and adoption of energy-efficient technologies among homeowners. For investors, builders, and real estate agents, this could signify a rising demand for properties with energy-efficient features. Similarly, appraisers and insurance agents might find this trend useful for assessing property values and risks in the area.
Average Real Estate Taxes Per Tax Return in Garvin County, OK Over the Last 10 Years
Garvin County, Oklahoma, has experienced a noteworthy rise in average real estate taxes per tax return over the past decade, climbing from around $1,057.32 in 2012 to about $2,003.13 by 2021. The increase appears steady, with a significant jump between 2018 and 2019, reaching a peak of roughly $2,079.49 before settling slightly lower. This trend could possibly signal growing property values or adjustments in tax rates, relevant for potential investors, homeowners, and professionals in real estate and insurance sectors.
Percentage of Farm Returns in Garvin County, OK Over the Last 10 Years
The percentage of farm tax returns in Garvin County, Oklahoma, has fluctuated slightly but remained within a close range over the last decade, peaking around 12.98% in 2016 and dipping to 11.85% in 2020. These figures provide some insight into the agricultural activity in the area, which might be steady but not experiencing drastic changes. Farm tax returns represent the proportion of tax filings directly related to farming income and expenses, reflecting economic stability or shifts within the local agricultural sector. For investors, developers, or new residents, this data suggests a stable farming community, which could indicate a steady local economy with potential opportunities for agricultural investments or land development.
Number of Mortgages by Occupancy Type in Garvin County, OK Over the Last 5 Years in Garvin County
Over the past five years in Garvin County, Oklahoma, the dominant type of mortgage has consistently been for principal residences, with figures climbing notably from 625 in 2018 to 827 in 2022. Investment property mortgages have also seen a gradual increase, peaking at 56 in 2022. Second residence mortgages remain minimal but relatively stable. These shifts in occupancy types could signal changing priorities and economic conditions within the county, influencing future market opportunities for investors, real estate agents, and fiscal strategists. Understanding these trends can be vital for anyone planning to build, insure, or appraise property in Garvin County.
Economic Outlook
Garvin County, Oklahoma is experiencing a notable upward trend in average taxable income per tax return, reaching as high as $55,721.89 in 2021, which might indicate an improving economic environment ripe for investment. Although average state and local income taxes have fluctuated, peaking at $9,284.78 in 2019, they suggest varying economic conditions that could impact financial stability and growth opportunities. Total tax liabilities per tax return also show some variability, with the... Read more
Average Taxable Income per Tax Return in Garvin County, OK over the last 9 years
Garvin County, Oklahoma has shown notable fluctuations in average taxable income per tax return over the past nine years. The trend suggests some volatility, with figures dipping as low as $46,979.83 in 2016 but overall exhibiting a gradual upward trend, peaking at $55,721.89 in 2021. This could imply potential growth opportunities for investors and developers, as a generally increasing average taxable income might reflect an improving economic environment. For real estate agents and property developers, these shifts hint at a population possibly gaining higher disposable incomes, which can influence property demand and prices. Appraisers and insurance agents may also find these trends useful for adjusting valuations and premiums accordingly.
Average State and Local Income Taxes Per Tax Return in Garvin County, OK Over the Last 10 Years
Over the last decade, Garvin County, Oklahoma has seen notable fluctuations in average state and local income taxes per tax return, jumping from $5,054.32 in 2012 to a peak of $9,284.78 in 2019. The recent figures hover around $7,817.95 as of 2021. This volatility could signal economic changes impacting tax rates or income levels, offering potential insights for investors, real estate agents, and insurers evaluating financial stability or growth opportunities in the area.
Average Total Tax Liability Per Tax Return in Garvin County, OK Over the Last 10 Years
Garvin County, Oklahoma has shown some variability in the average total tax liability per tax return over the past decade, generally fluctuating between $6,868.70 and $8,237.45. The highest point was in 2014, suggesting potential shifts in income levels or tax policy impacts during that period. These trends could be insightful for investors and property developers assessing market stability, real estate agents gauging buyer affordability, and appraisers or insurance agents needing an understanding of the financial landscape.
Cost of Living in Garvin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,043 | $1,367 | $1,885 | $1,041 | $1,087 |
| 1 adult 4 children | $1,043 | $1,117 | $1,442 | $1,041 | $1,141 |
| 2 adults 3 children | $1,043 | $1,117 | $1,635 | $1,041 | $865 |
| 1 adult 3 children | $1,043 | $912 | $1,192 | $1,041 | $870 |
| 2 adults 2 children | $797 | $914 | $1,385 | $919 | $748 |
| 1 adult 2 children | $797 | $683 | $942 | $919 | $662 |
| 2 adults 1 child | $797 | $723 | $1,135 | $519 | $718 |
| 1 adult 1 child | $797 | $467 | $693 | $519 | $589 |
| 2 adults | $605 | $581 | $885 | $0 | $595 |
| 1 adult | $601 | $317 | $443 | $0 | $532 |
Safety trends & Data
Garvin County, Oklahoma has seen property crime trends fluctuate over the past five years. Burglary incidents spiked in 2020 with 30 occurrences but stabilized to 17 in 2022. Larceny-theft peaked in 2018 at 46 incidents but dipped in subsequent years, ending at around 36 cases in 2022. Motor vehicle theft averaged about 7 per year, showing relative stability. These crime trends offer crucial insights for property investors and appraisers assessing risks in the... Read more
Property Crime Trends in Garvin County, OK Over the Last 5 Years
Property crime trends in Garvin County, Oklahoma have seen some fluctuation over the past five years. Remarkably, burglary incidents spiked in 2020 to 30 occurrences but appear to have stabilized, with 17 reported cases in 2022. Larceny-theft also saw a peak in 2018 at 46 incidents, followed by a dip in subsequent years and a slight rise to 36 cases in 2022. Motor vehicle theft showed some variability but remained relatively low, averaging around 7 per year. Other crimes like fraud and vandalism have shown moderate changes but are generally low in numbers. Those looking to invest or appraise properties in Garvin County should consider the subtle yet telling shifts in these crime rates as part of broader risk assessments.
Demographics
Garvin County, Oklahoma, shows a slightly higher number of females than males in its adult population. Educational attainment levels reveal that a significant portion has completed high school or some college, with relatively fewer residents holding advanced degrees. The age distribution skews towards middle-aged adults, with notable populations in both the youngest and oldest age brackets. The racial landscape is predominantly White, with smaller percentages of African American, American... Read more
Race Distribution in Garvin County, Oklahoma (2022)
Educational Attainment in Garvin County, Oklahoma (2022)
Age Distribution in Garvin County, Oklahoma
Citizen Population in Garvin County, Oklahoma (2022)
Political Trends & Data
Garvin County, Oklahoma, showcased a strong Republican tilt during the 2020 U.S. Presidential Election, with around 81% of votes seemingly going to the Republican candidate. Democrats managed roughly 17%, and minor parties, including the Libertarians, captured just over 1.5%. This pronounced Republican dominance indicates a solidly conservative voter base that might shape local policies and community priorities... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Garvin County, Oklahoma, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately 81% of the vote potentially going to the Republican candidate. In comparison, Democrats garnered about 17%, and minor parties like the Libertarians and others collectively pulled in just over 1.5%. Such an overwhelming skew towards one party suggests a strongly conservative voter base, which could influence local policy and community priorities significantly.
81.29% of voters voted for the Republican party in the 2020 Presidential Election
17.08% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade in Garvin County, Oklahoma, the student-to-teacher ratio has subtly but consistently declined from just above 15 students per teacher in 2014 to about 14 students per teacher by 2023. This trend aligns closely with the national average and might suggest efforts to improve educational outcomes. Such developments could make the area more attractive for families prioritizing education and for those in educational professions. Investors and real estate agents might interpret... Read more
Student-to-teacher ratio in Garvin County, Oklahoma over the last 10 years
Over the past decade in Garvin County, Oklahoma, the student-to-teacher ratio has shown a subtle but consistent decline, starting at just above 15 students per teacher in 2014 and gradually decreasing to approximately 14 students per teacher by 2023. This trend aligns closely with the national average, which stands at around 14 students per teacher. This slight reduction in class size could be indicative of efforts to improve educational outcomes, potentially making the county more appealing for families prioritizing education and for those in educational professions. Investors and real estate agents might view this as a positive sign, suggesting a community that values and invests in its educational infrastructure.
