Harmon County Real Estate and Livability Trends
Harmon County, Oklahoma has experienced varied economic conditions over the past decade, with average taxable incomes ranging from $35,291.30 to $45,171.29 and significant changes in tax liabilities. Property values have climbed from $51,300 in 2015 to $78,500 in 2022, while real estate taxes fluctuated between $733.33 and $880.00. Mortgages for principal residences outnumber those for investment... Read more
Harmon County Market Trends
In Harmon County, Oklahoma, median home values have seen a significant increase, rising from $51,300 in 2015 to $78,500 in 2022, yet these prices still fall far below the state and national averages. Real estate tax fluctuations in recent years—from $733.33 to $880.00—highlight changes in fiscal policies that may affect potential property costs. Moreover, a stable percentage of farm tax... Read more
Median Value of Occupied Housing Units in Harmon County, Oklahoma Over the Last 8 Years
The median home values in Harmon County, Oklahoma have experienced a marked increase over the past eight years, rising from $51,300 in 2015 to $78,500 in 2022. This growth is relatively steady, with a significant uptick noted starting in 2018. Interestingly, despite this rise, Harmon County’s median values remain considerably lower than both the state and national averages, which were $170,500 and $179,400 respectively in 2022. This trend might indicate potential investment opportunities, as housing remains more affordable here compared to Oklahoma and the broader United States.
Average Real Estate Taxes Per Tax Return in Harmon County, OK Over the Last 6 Years
Real estate taxes in Harmon County, Oklahoma have generally fluctuated over the past six years, with values ranging between $733.33 and $880.00 per tax return. The data reveals a slight dip in 2013 followed by a steady increase through 2017. For potential investors, understanding these variations could offer insight into the county's fiscal policies and economic trends, potentially affecting long-term property costs. As for real estate agents and appraisers, such trends provide context for property valuation and market conditions, possibly impacting price assessments and market stability.
Percentage of Farm Returns in Harmon County, OK Over the Last 10 Years
Over the last decade, Harmon County, Oklahoma has shown a generally stable trend in the percentage of farm returns, fluctuating between 20.59% to 23.91%. Farm tax returns are key indicators often used to measure the economic health and viability of the agricultural sector. Slight year-to-year increases suggest modest but consistent growth or stability, which could be a positive sign for potential investors or residents interested in agricultural ventures. This could hint at sustainable farming opportunities and a resilient local economy for those looking to build or invest in property in the area.
Number of Mortgages by Occupancy Type in Harmon County, OK Over the Last 5 Years in Harmon County
In Harmon County, Oklahoma, the number of mortgages taken out for principal residences has significantly outstripped those for investment properties and second residences over the past five years. This shift suggests a growing preference for owner-occupied housing, which might indicate a stable or growing local population and potentially enhanced community investment. For investors, this trend could signal limited opportunities in the rental market unless demand shifts. Appraisers and real estate agents should pay close attention to occupancy types, as these can impact property values and saleability. Additionally, insurance agents might find the data useful for assessing risk based on the ratio of primary residences to other property types.
Economic Outlook
Harmon County, Oklahoma has experienced notable fluctuations in average taxable incomes and total tax liabilities over the past decade, which could suggest economic instability or shifts in the local job market. Taxable income peaked at $45,171.29 in 2014 but hit a low of $35,291.30 in 2018, reflecting a varied economic landscape. State and local income taxes also saw significant changes, ranging from $5,114.29 in 2017 to a high of $9,600.00 in 2019. These trends could be vital for real estate... Read more
Average Taxable Income per Tax Return in Harmon County, OK over the last 9 years
Harmon County, Oklahoma has seen fluctuating average taxable incomes per tax return over the past nine years, with peaks in 2014 at $45,171.29 and 2021 at $44,684.44. There's notable variability with a low point in 2018 at $35,291.30. Such fluctuations could suggest economic instability or shifts in the local job market, potentially influencing investment decisions, property values, and insurance considerations. Prospective residents and real estate professionals may consider these trends when evaluating the economic landscape and growth potential in the region.
Average State and Local Income Taxes Per Tax Return in Harmon County, OK Over the Last 8 Years
Over the past eight years, Harmon County, Oklahoma has seen noticeable fluctuations in average state and local income taxes per tax return, ranging from a low of $5,114.29 in 2017 to a peak of $9,600.00 in 2019. This variability could indicate economic changes or shifts in local job markets, potentially impacting those looking to invest or move to the area. For appraisers and insurance agents, understanding these tax trends might offer insights into the financial resilience of the county's residents. Real estate agents and potential property builders should consider this data when assessing the attractiveness and affordability of the region.
Average Total Tax Liability Per Tax Return in Harmon County, OK Over the Last 10 Years
The average total tax liability per tax return in Harmon County, Oklahoma, has shown significant fluctuations over the past decade. Peaking at $8,580.88 in 2014, the liability has dipped and risen, marking another high at $7,572.73 in 2012 before dropping to its lowest at $5,684.21 in 2018. This volatility could signal varying economic conditions and tax policies impacting residents, which might interest potential investors, real estate professionals, and those planning to move or build property in the area. Understanding these trends can aid in financial planning and expectations regarding tax obligations.
Cost of Living in Harmon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $970 | $1,432 | $2,142 | $1,025 | $1,201 |
| 1 adult 4 children | $970 | $1,169 | $1,641 | $1,025 | $1,265 |
| 2 adults 3 children | $970 | $1,170 | $1,857 | $1,025 | $959 |
| 1 adult 3 children | $970 | $955 | $1,356 | $1,025 | $948 |
| 2 adults 2 children | $797 | $957 | $1,572 | $904 | $830 |
| 1 adult 2 children | $797 | $715 | $1,071 | $904 | $743 |
| 2 adults 1 child | $797 | $757 | $1,288 | $511 | $786 |
| 1 adult 1 child | $797 | $489 | $786 | $511 | $636 |
| 2 adults | $620 | $608 | $1,003 | $0 | $654 |
| 1 adult | $619 | $332 | $501 | $0 | $570 |
Safety trends & Data
Property crime trends in Harmon County, Oklahoma show an increasing pattern in burglary incidents, peaking at 5.00 in 2022, up from 1.00 in 2020. Larceny-theft cases have been relatively stable, with minor fluctuations, reaching a high of 3.00 in 2021. Motor vehicle theft peaked at 4.00 cases in 2019 but declined in subsequent years. This data can influence property values, insurance premiums, and community safety, which matters for investors, real estate agents, and insurance... Read more
Property Crime Trends in Harmon County, OK Over the Last 5 Years
Property crime trends in Harmon County, Oklahoma reveal a fluctuating pattern over the past five years. Notably, burglary incidents show an increasing trend, peaking at 5.0 in 2022, up from 1.0 in 2020. Larceny-theft cases, however, remain relatively constant, with minor fluctuations, reaching a high of 3.0 in 2021. Motor vehicle theft saw a spike in 2019 with 4.0 cases, but declined in subsequent years. Understanding these trends is crucial for potential investors, real estate agents, and insurance providers, as consistent or rising property crime rates can impact property values, insurance premiums, and overall community safety.
Demographics
In Harmon County, Oklahoma, the adult population shows a nearly even gender split with a slight tilt towards females. Educational attainment is varied, with most adults holding a high school diploma or some college experience, but a smaller segment has pursued higher education degrees. Age-wise, the county's population is quite balanced across different age groups, though the 45-54 and 55-64 age brackets are slightly more prominent. Racially, the population is predominantly White, with notable... Read more
Race Distribution in Harmon County, Oklahoma (2022)
Educational Attainment in Harmon County, Oklahoma (2022)
Age Distribution in Harmon County, Oklahoma
Citizen Population in Harmon County, Oklahoma (2022)
Political Trends & Data
In Harmon County, Oklahoma, around 80% of votes in the 2020 Presidential Election went to the Republican Party, while less than 20% supported the Democratic Party. The negligible fraction for minor parties suggests a predominantly Republican local sentiment, possibly influencing regional policies and community priorities. This political landscape could shape local real estate trends, regulatory climates, and investment opportunities, given the area's apparent conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Harmon County, Oklahoma, the Republican Party seemed to dominate the 2020 U.S. Presidential Election with approximately 80% of the vote. Meanwhile, the Democratic Party garnered less than 20%, and minor parties like the Libertarian and others collectively received a negligible fraction. These figures might suggest a strong Republican leaning in this region, which could hint at local political dynamics and voter preferences.
80.06% of voters voted for the Republican party in the 2020 Presidential Election
18.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.64% of voters voted for the Livertarian party in the 2020 Presidential Election
0.32% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Harmon County, Oklahoma has seen a notable increase in its student-to-teacher ratio, rising from 13 in 2014 to nearly 19 in 2023. This trend could signal growing classroom sizes and potential strain on local educational resources, potentially impacting property values and community desirability. With a national average of 14 students per teacher, this is an important factor for investors, potential residents, and real estate professionals to consider when evaluating the... Read more
Student-to-teacher ratio in Harmon County, Oklahoma over the last 10 years
Over the last decade, Harmon County, Oklahoma has seen a notable increase in its student-to-teacher ratio, starting at 13 in 2014 and reaching nearly 19 in 2023. This trend may suggest growing classroom sizes, which could impact the quality of education and individualized attention students receive. This is particularly striking compared to the national average of 14 students per teacher. For investors and potential residents, this upward shift might signal a strain on local educational resources, potentially influencing property values and community desirability. Real estate agents, appraisers, and insurance agents should consider these changes when evaluating the area's appeal and overall infrastructure.
