Grady County Real Estate and Livability Trends
Grady County's real estate market has shown notable trends in recent years, with median home values rising from $111,200 in 2015 to $177,100 in 2022, likely outpacing the state average. The rise in residential energy tax credits to $2,663.64 per tax return in 2021 hints at increasing investments in energy-efficient homes. Meanwhile, real estate taxes surged to $3,069.37 per tax return in 2021,... Read more
Grady County Market Trends
Grady County, Oklahoma, has seen a notable rise in median home values from $111,200 in 2015 to $177,100 in 2022, outpacing the state average. Residential energy tax credits per tax return have also surged, climbing from $584.38 in 2013 to $2,663.64 in 2021, indicative of growing investments in energy-efficient home improvements. Real estate taxes have similarly increased, with a notable jump to... Read more
Median Value of Occupied Housing Units in Grady County, Oklahoma Over the Last 8 Years
Grady County, Oklahoma has experienced a significant increase in median home values over the last eight years, climbing from $111,200 in 2015 to $177,100 by 2022. This is noteworthy against the backdrop of Oklahoma's median home values, which rose from $117,900 to $170,500 over the same period. Comparatively, the national median grew from $125,500 to $179,400. For investors and prospective homeowners, Grady County's surging home value trend may indicate a strengthening local market and potential future investments.
Residential Energy Tax Credit Per Tax Return in Grady County, OK Over the Last 9 Years
In Grady County, Oklahoma, the trend in residential energy tax credits per tax return has been marked by significant growth over the past nine years. Starting from $584.38 in 2013, there’s a noticeable increase leading up to $2,663.64 in 2021. These fluctuations suggest rising investments in energy-efficient home improvements, which could be an appealing factor for investors, appraisers, and real estate agents. Notably, the substantial jump in 2020 and 2021 credits highlights a rising priority among homeowners in making sustainable and energy-saving upgrades to their properties. This trend might interest those looking to green their assets or assess the long-term value of homes in the area.
Average Real Estate Taxes Per Tax Return in Grady County, OK Over the Last 10 Years
Over the past decade, Grady County, Oklahoma has seen a notable rise in average real estate taxes per tax return, with the amount increasing from around $1,686.83 in 2012 to approximately $3,069.37 in 2021. This upward trend could reflect broader property value increases or shifts in tax rates, making it essential for prospective buyers, investors, and real estate professionals to consider these factors when evaluating the housing market. The spike in 2020, peaking at $3,227.93, implies potential anomalies or economic influences, which stakeholders should investigate further. This trajectory likely impacts property decisions, mortgage considerations, and long-term planning for residents and investors.
Percentage of Farm Returns in Grady County, OK Over the Last 10 Years
Over the last decade, Grady County, Oklahoma has seen a slight decrease in the percentage of farm returns, dipping from around 7.46% in 2012 to approximately 6.42% in 2021. Farm tax returns, which denote income filings from agricultural activities, possibly suggest shrinking farm revenues or a decrease in the number of operating farms. This trend may be relevant for potential investors or individuals looking to build property in the area, as it could signal shifting economic dynamics and opportunities within Grady County.
Number of Mortgages by Occupancy Type in Grady County, OK Over the Last 5 Years in Grady County
The number of mortgages in Grady County, Oklahoma, has shown a consistent dominance of principal residences over investment properties and second residences in the past five years. The spike in principal residence mortgages in 2020 and 2021, followed by a slight decline in 2022, suggests varying market dynamics possibly influenced by broader economic conditions or local factors. Investment properties, while steadily increasing, still represent a smaller portion of the market. This shift in occupancy type matters because it could impact property values, community composition, and market demands. For investors, understanding these trends can inform decisions on property acquisitions and expected returns. Real estate agents and appraisers can leverage this data to cater services more effectively, while insurance agents may need to adjust risk assessments and policy offerings based on the primary uses of the properties being insured.
Economic Outlook
Grady County, Oklahoma has seen fluctuations in average taxable income over the past nine years, peaking at approximately $68,421.09 in 2021. This trend suggests potential economic growth or an influx of higher-income earners, which could signal a strengthening market for investors and real estate agents. State and local income taxes have also generally trended upward, rising from around $5,003.46 in 2012 to $8,027.12 in 2021, with a significant jump between 2017 and 2018. This increasing tax... Read more
Average Taxable Income per Tax Return in Grady County, OK over the last 9 years
Grady County, Oklahoma has experienced fluctuations in average taxable income over the past nine years, with noticeable peaks in 2014, 2017, and more recently in 2021, where the average taxable income reached approximately $68,421.09. This suggests potential economic growth or a rise in higher-income earners in the area. For investors and real estate agents, this growth could signal a strengthening market, possibly translating to increased property values and opportunities. Appraisers and insurance agents might also consider these trends when assessing property risks and values, as a higher income demographic can affect market dynamics and demand for insurance products.
Average State and Local Income Taxes Per Tax Return in Grady County, OK Over the Last 10 Years
Over the past decade, Grady County, Oklahoma has seen a general upward trend in average state and local income taxes per tax return, rising from approximately $5,003.46 in 2012 to $8,027.12 in 2021. There was a noticeable jump between 2017 and 2018, moving from $5,302.12 to $7,296.50, and peaking at $8,450.43 in 2020. This indicates that the tax burden may be increasing, which could potentially impact housing markets, investment decisions, and overall economic conditions for current and prospective residents.
Average Total Tax Liability Per Tax Return in Grady County, OK Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Grady County, Oklahoma has shown noticeable fluctuations, peaking at $10,388.44 in 2017 and dipping as low as $8,246.96 in 2012. This variability might be indicative of economic movements within the county, potentially affecting living costs, property values, and investment opportunities. Real estate agents, investors, and local residents might find valuable insights in these trends, considering tax liabilities are often reflective of broader economic conditions, including local job markets and disposable income levels.
Cost of Living in Grady County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,113 | $1,395 | $2,266 | $1,207 | $1,351 |
| 1 adult 4 children | $1,113 | $1,140 | $1,736 | $1,207 | $1,432 |
| 2 adults 3 children | $1,113 | $1,140 | $1,965 | $1,207 | $1,102 |
| 1 adult 3 children | $1,113 | $931 | $1,434 | $1,207 | $1,137 |
| 2 adults 2 children | $844 | $933 | $1,664 | $1,074 | $920 |
| 1 adult 2 children | $844 | $697 | $1,133 | $1,074 | $855 |
| 2 adults 1 child | $844 | $738 | $1,363 | $642 | $863 |
| 1 adult 1 child | $844 | $476 | $832 | $642 | $692 |
| 2 adults | $641 | $593 | $1,061 | $0 | $667 |
| 1 adult | $608 | $323 | $531 | $0 | $565 |
Safety trends & Data
Grady County, Oklahoma has witnessed a noticeable decline in property crime rates over the past five years. Burglary arrests decreased significantly from 33 in 2018 to 16 in 2022, while larceny-theft incidents also fell from 126 to 46 in the same period. Minor fluctuations in vandalism and fraud arrests suggest these crimes are relatively stable. These trends could indicate improving community safety, potentially making the area more appealing for property investments and... Read more
Property Crime Trends in Grady County, OK Over the Last 5 Years
Grady County, Oklahoma has seen fluctuating trends in property crime over the past five years. Burglary arrests have generally decreased from a peak of 33 in 2018 to 16 in 2022, while larceny-theft figures follow a similar downward trajectory, dropping from 126 in 2018 to 46 in 2022. Interestingly, arrests for crimes like vandalism and fraud have shown minor fluctuations, suggesting that such crimes remain relatively stable. Investment, development, and real estate decisions in Grady County could benefit from these insights, as a general decrease in major property crimes could indicate improving community safety and better security for property investments.
Demographics
Grady County, Oklahoma shows a roughly equal gender distribution with males and females each constituting about half of the adult population. Education levels lean heavily toward high school graduates, with a noticeable drop-off at higher education. Age-wise, the county has a balanced spread across age groups, though those under 10 and the 55-64 bracket show somewhat higher numbers. Racially, Grady County is predominantly White with smaller representations from African American, Native... Read more
Race Distribution in Grady County, Oklahoma (2022)
Educational Attainment in Grady County, Oklahoma (2022)
Age Distribution in Grady County, Oklahoma
Citizen Population in Grady County, Oklahoma (2022)
Political Trends & Data
Grady County, Oklahoma, leans heavily conservative, with around 80% of the votes favoring Republican candidates in the 2020 U.S. Presidential Election. Democrats received about 18% of the votes, while third-party candidates garnered under 2%. This could mean that the area has a strong Republican presence that may influence local policies and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Grady County, Oklahoma, seems to exhibit a strong preference for Republican candidates, with approximately 80% of the votes leaning towards the GOP in the 2020 U.S. Presidential Election. Democrats garnered significantly less support, capturing around 18%, while third-party candidates, including Libertarian and others, collectively secured less than 2%. This voting pattern might indicate a predominantly conservative political landscape.
80.25% of voters voted for the Republican party in the 2020 Presidential Election
17.94% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Grady County, Oklahoma has experienced fluctuations in its student-to-teacher ratio, peaking at 16.74 in 2017 and dropping to a low of 15.22 in 2021, with a slight rise to 15.88 by 2023. This could signal a nuanced educational environment for families considering a move, potentially impacting local housing demand. Investors and real estate professionals might find these trends indicative of community attractiveness, while insurance agents and appraisers could factor this into their... Read more
Student-to-teacher ratio in Grady County, Oklahoma over the last 10 years
Grady County, Oklahoma has seen fluctuations in its student-to-teacher ratio over the past decade, averaging slightly above the US national average of 14 students per teacher. The ratio peaked at 16.74 in 2017 and dropped to its lowest at 15.22 in 2021, settling at 15.88 in 2023. These changes could influence various stakeholders; potential investors and real estate agents might perceive a favorable or challenging environment for families, impacting demand for housing and community amenities. Insurance agents and appraisers may find these trends useful for risk assessment and property valuation. Understanding these dynamics is also crucial for those planning to move to or invest in the area, as educational quality can be a significant factor in making such decisions.
