Grant County Real Estate and Livability Trends
Grant County, Oklahoma is experiencing a recovery in average taxable income, hitting $59,976.63 in 2021 after a low in 2016. Despite significant variations in state and local tax payments, real estate values have steadily climbed, with median home values increasing to $84,700 in 2022. Rising real estate taxes suggest burgeoning property values or greater funding needs. Education quality appears... Read more
Grant County Market Trends
Grant County, Oklahoma saw its median home values rise to $84,700 in 2022 from $73,200 in 2015, contrasting with statewide and national trends that reached $170,500 and $179,400, respectively. Residential energy tax credits declined from $450.00 in 2013 to $166.67 by 2015, hinting at reduced investment in energy-efficient home improvements. Real estate taxes increased from $892.00 in 2012 to... Read more
Median Value of Occupied Housing Units in Grant County, Oklahoma Over the Last 8 Years
Grant County, Oklahoma saw its median home values fluctuate over the past 8 years, ending with a rise to $84,700 in 2022 from $73,200 in 2015. This contrasts with the broader trend in Oklahoma, where values consistently increased, reaching $170,500 in 2022. Nationally, the trend was also upward with median values hitting $179,400 in 2022. While Grant County's values typically lag behind state and national averages, the area's affordability could be a key consideration for prospective homebuyers or investors.
Residential Energy Tax Credit Per Tax Return in Grant County, OK Over the Last 3 Years
Residential energy tax credits in Grant County, Oklahoma have seen a notable decline over the last three years. In 2013, the average credit per tax return was approximately $450.00, but by 2015, it had dropped to around $166.67. This trend suggests a potential decrease in investment in energy-efficient home improvements, which could influence property values and attractiveness for new buyers who prioritize sustainability. For real estate agents, appraisers, and insurance agents, understanding this shift is crucial for accurate property valuation and advising clients on potential energy savings opportunities.
Average Real Estate Taxes Per Tax Return in Grant County, OK Over the Last 10 Years
Real estate taxes in Grant County, Oklahoma, have generally increased over the past decade with notable fluctuations. Starting at $892.00 in 2012, values decreased slightly but hit a peak of approximately $1,600.00 in 2020. This upward trend might indicate growing property values or increased funding needs by the local government, making it potentially beneficial for property investors to consider the timing and future projections in their financial planning. This information is particularly relevant for appraisers, insurance agents, and real estate professionals who need to account for tax variations when assessing property value and ownership costs.
Percentage of Farm Returns in Grant County, OK Over the Last 10 Years
Over the last decade in Grant County, Oklahoma, the percentage of farm tax returns has shown slight fluctuations, generally hovering between 23.16% and 25.65%. Farm tax returns often reflect the vitality of agricultural activities, which can be a significant indicator of the local economy's health, especially in rural areas. These percentages suggest that farming remains a stable but modest component of the county's economic landscape, which could be important for prospective investors and residents considering the agricultural sector.
Number of Mortgages by Occupancy Type in Grant County, OK Over the Last 5 Years in Grant County
Over the last five years in Grant County, Oklahoma, the number of mortgages for principal residences has consistently been higher than for investment and second properties. Investment property mortgages have fluctuated noticeably, peaking in 2019 and dropping by 2021. This shift in occupancy type may offer hints about local economic dynamics, property demand, or market confidence. For investors, reduced competition in the investment property market might signal an opportunity, while a steady increase in principal residences suggests stability and potential growth for those looking to move in. Real estate agents and appraisers should monitor these shifts as they can influence property values, while insurance agents need to adjust risk assessments based on changing property usage.
Economic Outlook
Grant County, Oklahoma has experienced a notable fluctuation in average taxable income per tax return over the last nine years, peaking in 2014 at $76,791.84 and hitting a low in 2016 at $49,453.93. Recently, there has been a gradual recovery, rising to $59,976.63 in 2021. The average state and local income taxes paid per return also saw significant variation, from a high of $10,447.06 in 2012 to a low of $5,150.00 in 2018, suggesting potential shifts in tax policy or economic conditions that... Read more
Average Taxable Income per Tax Return in Grant County, OK over the last 9 years
Grant County, Oklahoma saw noticeable fluctuations in average taxable income per tax return over the last nine years. The peak year was 2014 with $76,791.84, while the low point was 2016 at $49,453.93. Recently, there appears to be a gradual recovery with figures rising to $59,976.63 in 2021. These trends may reflect broader economic shifts and could be useful for investors, property developers, and real estate agents evaluating the area's economic landscape.
Average State and Local Income Taxes Per Tax Return in Grant County, OK Over the Last 10 Years
Over the last decade, Grant County, Oklahoma, has seen a significant fluctuation in average state and local income taxes per tax return, with figures ranging from $10,447.06 in 2012 to a low of $5,150.00 in 2018. This variability can be critical for potential investors, homebuyers, and real estate professionals as it reflects the economic shifts and possibly volatility in the local market. Lower average tax payments in recent years might appeal to those looking for a more favorable tax environment, yet the overall trend should be scrutinized for stability concerns.
Average Total Tax Liability Per Tax Return in Grant County, OK Over the Last 10 Years
Grant County, Oklahoma has seen significant fluctuations in average total tax liability per tax return over the past decade. From a peak of $17,900.64 in 2012, there was a sharp decline to $8,521.74 by 2016, followed by relative stability with slight decreases and increases, ending at $10,092.52 in 2021. This variance might reflect broader economic trends, changes in income, or shifts in local tax policy, essential considerations for investors, appraisers, and real estate agents evaluating the area's financial landscape.
Cost of Living in Grant County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,042 | $1,448 | $2,142 | $1,187 | $1,378 |
| 1 adult 4 children | $1,042 | $1,182 | $1,641 | $1,187 | $1,471 |
| 2 adults 3 children | $1,042 | $1,183 | $1,857 | $1,187 | $1,125 |
| 1 adult 3 children | $1,042 | $966 | $1,356 | $1,187 | $1,171 |
| 2 adults 2 children | $811 | $968 | $1,572 | $1,047 | $946 |
| 1 adult 2 children | $811 | $723 | $1,071 | $1,047 | $896 |
| 2 adults 1 child | $811 | $765 | $1,288 | $592 | $880 |
| 1 adult 1 child | $811 | $494 | $786 | $592 | $708 |
| 2 adults | $616 | $615 | $1,003 | $0 | $693 |
| 1 adult | $612 | $335 | $501 | $0 | $593 |
Safety trends & Data
Grant County, Oklahoma, has experienced remarkably low property crime incidents over the past years, with merely one case of motor vehicle theft in 2019 and a single larceny-theft case in 2022. This trend could indicate relative stability and low crime rates, potentially making the area more attractive to investors, new residents, and real estate professionals who prioritize... Read more
Property Crime Trends in Grant County, OK Over the Last 2 Years
Grant County, Oklahoma has seen a shift in property crime over the past two years, with minimal incidents recorded. In 2019, there was one reported case of motor vehicle theft, while in 2022, there was one larceny-theft case. This data could suggest relative stability or a low incidence of property crimes, making the area potentially appealing for prospective investors, new residents, and real estate professionals who are considering the safety and crime rates in the region.
Demographics
Grant County, Oklahoma shows an almost balanced gender distribution among adults, with a slightly higher number of males than females. When it comes to educational attainment, the majority have completed high school, while a notable portion has some college experience or an associate’s or bachelor’s degree, indicating a reasonably educated population. The age distribution suggests a relatively older demographic, with substantial numbers in the 55-64 and 65-74 age brackets. The racial makeup... Read more
Race Distribution in Grant County, Oklahoma (2022)
Educational Attainment in Grant County, Oklahoma (2022)
Age Distribution in Grant County, Oklahoma
Citizen Population in Grant County, Oklahoma (2022)
Political Trends & Data
In Grant County, Oklahoma, the 2020 U.S. Presidential Election results indicate a strong conservative leaning, with the Republican party capturing about 86% of the vote. The Democratic party garnered approximately 12.6%, and the Libertarian party attracted around 1%. These voting patterns might shape local political dynamics and potentially influence policies that impact real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Grant County, Oklahoma, the 2020 U.S. Presidential Election results suggest a pronounced preference for the Republican party, which garnered approximately 86% of the vote. In contrast, the Democratic party received roughly 12.6%, while the Libertarian party captured about 1%. These figures hint at strong conservative leanings within the county, potentially influencing local and state-level political dynamics.
86.07% of voters voted for the Republican party in the 2020 Presidential Election
12.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.08% 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
Grant County, Oklahoma has seen a steady decline in its student-to-teacher ratio over the last decade, now averaging around 10 students per teacher compared to the national average of 14. This could imply smaller class sizes and potentially more individualized attention for each student. For potential investors or those considering a move, this trend may signal a focus on education quality within the county. Real estate agents could cite this as a selling point for families prioritizing... Read more
Student-to-teacher ratio in Grant County, Oklahoma over the last 10 years
Over the last decade, Grant County, Oklahoma has seen a steady decline in its student-to-teacher ratio, starting at 11 students per teacher in 2014 and decreasing to around 10 students per teacher in recent years. This is notably lower than the national average of 14 students per teacher, which could imply smaller class sizes and potentially more individualized attention for each student. For potential investors or those considering a move, this trend may signal a focus on education quality within the county. Real estate agents and appraisers could cite this as a selling point for families prioritizing education, while insurance agents might view the consistency as a positive community indicator.
