Hughes County Real Estate and Livability Trends
Hughes County, Oklahoma has seen notable economic shifts, with average taxable income per tax return fluctuating from a low of $36,317.56 in 2020 to a high of $45,319.27 in 2021, possibly hinting at underlying economic resilience. Median home values have consistently grown over eight years, hitting $87,300 in 2022, though they remain below both state and national averages. Real estate taxes have... Read more
Hughes County Market Trends
Hughes County, Oklahoma, has experienced consistent growth in median home values over the past eight years, reaching $87,300 in 2022, yet remains below state and national medians. Residential energy tax credits have fluctuated, rebounding to $350.00 in 2021, indicating potential renewed interest in energy-efficient home improvements. Real estate taxes have shown an upward trend, peaking at... Read more
Median Value of Occupied Housing Units in Hughes County, Oklahoma Over the Last 8 Years
Hughes County, Oklahoma, has seen consistent growth in median home values over the past eight years, hitting $87,300 in 2022, up from $67,600 in 2015. While this growth is noticeable, it's still considerably lower than both the state and national medians, which were $170,500 and $179,400, respectively, in 2022. For investors and homebuyers, Hughes County might offer more affordable options compared to other parts of the state and country, potentially making it an attractive market for budget-conscious buyers or those looking to capitalize on a potentially undervalued market.
Residential Energy Tax Credit Per Tax Return in Hughes County, OK Over the Last 5 Years
Residential energy tax credits in Hughes County, Oklahoma have shown variability over the past five years, with noteworthy fluctuations. The highest average credit per tax return was reportedly $475.00 in 2013, but it experienced a sharp decline to $250.00 by 2014 and 2015. A gradual decrease continued through 2016 to roughly $233.33. However, a rebound to $350.00 occurred in 2021, suggesting possible renewed investment or incentives in energy-efficient improvements. These trends may be of interest to potential investors and real estate agents considering the evolving landscape of energy efficiency incentives within the county.
Average Real Estate Taxes Per Tax Return in Hughes County, OK Over the Last 10 Years
Over the last decade in Hughes County, Oklahoma, average real estate taxes per tax return have experienced a general upward trend, rising from $866.04 in 2012 to $1,530.00 in 2021. Notable spikes occurred in 2013 and 2018, reaching $1,130.43 and $1,363.64 respectively. These increases could signal changes in property values, assessment practices, or fiscal policy, which might be of particular interest to property developers, insurance agents, and real estate investors monitoring market conditions and potential future costs.
Percentage of Farm Returns in Hughes County, OK Over the Last 10 Years
Farm tax returns in Hughes County, Oklahoma, have fluctuated over the past decade, reaching a peak at approximately 16.49% in 2018 and hitting a low of roughly 12.49% in 2020. These returns, which are a measure of farm income subject to tax, can indicate trends in agricultural profitability and economic stability within the region. This variability could suggest shifts in agricultural productivity, market conditions, or broader economic factors, making it a crucial element for prospective investors, builders, and residents to consider when evaluating the financial health and potential of Hughes County.
Number of Mortgages by Occupancy Type in Hughes County, OK Over the Last 5 Years in Hughes County
For Hughes County, Oklahoma, the last five years show a notable consistent preference for principal residence mortgages, with figures hovering around the mid-to-high 200s. Investment property mortgages saw a decline, dropping from 43 in 2019 to just 20 in 2022. Second residences saw a small but somewhat fluctuating demand, peaking at 23 in 2021. These shifts in occupancy types matter because they can indicate how market demand is evolving, influencing property values and risk assessments. For investors, the decreasing interest in investment properties might suggest shifting market priorities or economic factors at play. Real estate agents can leverage this information to hone their strategies for different client needs, while those moving in will have an idea of community growth focused on principal residences. Insurance agents and appraisers can use these trends to predict changes in risk profiles and property evaluations, respectively.
Economic Outlook
In Hughes County, Oklahoma, the average taxable income per tax return has shown significant fluctuations over the past nine years, reaching a low of $36,317.56 in 2020 before rebounding to $45,319.27 in 2021. This variation likely indicates underlying economic factors and could signal future stability for prospective investors. Alongside this, average state and local income taxes have trended upwards, peaking at $5730.77 in 2021, hinting at broader economic or policy changes. Total tax... Read more
Average Taxable Income per Tax Return in Hughes County, OK over the last 9 years
In Hughes County, Oklahoma, the average taxable income per tax return has shown variability over the past nine years, with figures fluctuating from $40,299.58 in 2013 to $45,319.27 in 2021. Notably, there was a dip in average income in 2016 at $36,518.36 and again in 2020 at $36,317.56, likely indicating economic factors at play. However, recent figures suggest a rebound with substantial growth in 2021. These dynamics may interest investors, real estate agents, and prospective residents as they reflect the economic resilience and potential for future economic stability in Hughes County.
Average State and Local Income Taxes Per Tax Return in Hughes County, OK Over the Last 10 Years
In Hughes County, Oklahoma, there's been an overall upward trend in average state and local income taxes per tax return over the past decade. Notably, figures saw a significant increase starting in 2018, with a peak in 2021 at around $5730.77. This gradual rise could potentially reflect broader economic changes or policy adjustments impacting taxpayers in the area. For anyone interested in investing or moving here, such tax trends might influence fiscal planning and financial considerations.
Average Total Tax Liability Per Tax Return in Hughes County, OK Over the Last 10 Years
Over the past 10 years in Hughes County, Oklahoma, there have been notable fluctuations in average total tax liability per tax return, ranging mostly between $5,000.00 and $6,600.00. A peak was observed in 2014 with $6,643.77, while the lowest point occurred in 2020 at $4,952.90. Such variability could indicate economic shifts affecting local income and tax policies. For potential investors, builders, or real estate agents, these trends might suggest changing economic conditions which could impact property values and market stability. Local residents and insurance agents could also infer the necessity of adaptive financial planning based on tax liability variability.
Cost of Living in Hughes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,057 | $1,339 | $1,893 | $959 | $1,071 |
| 1 adult 4 children | $1,057 | $1,094 | $1,448 | $959 | $1,123 |
| 2 adults 3 children | $1,057 | $1,094 | $1,642 | $959 | $853 |
| 1 adult 3 children | $1,057 | $893 | $1,197 | $959 | $850 |
| 2 adults 2 children | $797 | $896 | $1,391 | $845 | $732 |
| 1 adult 2 children | $797 | $669 | $946 | $845 | $641 |
| 2 adults 1 child | $797 | $708 | $1,140 | $478 | $709 |
| 1 adult 1 child | $797 | $457 | $695 | $478 | $578 |
| 2 adults | $661 | $569 | $889 | $0 | $613 |
| 1 adult | $619 | $310 | $445 | $0 | $534 |
Safety trends & Data
Hughes County, Oklahoma has experienced varying property crime rates over the past five years. Burglary incidents peaked in 2020 at 12.00 before dropping to 6.00 in 2021. Larceny-theft rose to 12.00 in 2020 but slightly decreased to 10.00 by 2022, while vandalism hit a high of 8.00 in 2021. Although minimal, arson incidents saw a small uptick in 2022. This fluctuating crime landscape is essential for investors and real estate professionals trying to grasp local safety... Read more
Property Crime Trends in Hughes County, OK Over the Last 5 Years
Hughes County, Oklahoma has experienced fluctuating property crime rates over the past five years. Burglary incidents peaked in 2020 at 12.0 before dropping to 6.0 by 2021, while larceny-theft rose to 12.0 in 2020, then slightly decreased to 10.0 by 2022. Notably, vandalism has varied but remained relatively low, with a high of 8.0 in 2021. Arson incidents remained minimal but saw a small increase in 2022. This data suggests a somewhat shifting landscape of property crime, relevant for investors, real estate agents, and residents aiming to understand local safety trends.
Demographics
Hughes County, Oklahoma reveals some intriguing demographic patterns. The adult population is predominantly male. When it comes to educational attainment, a significant number of residents have at least a high school diploma, while a smaller segment has pursued higher education degrees like Bachelor's or graduate degrees. Age-wise, the county has a fairly balanced distribution across various age groups, with a slight concentration in the 25 to 34 years bracket. Racially, the majority identify... Read more
Race Distribution in Hughes County, Oklahoma (2022)
Educational Attainment in Hughes County, Oklahoma (2022)
Age Distribution in Hughes County, Oklahoma
Citizen Population in Hughes County, Oklahoma (2022)
Political Trends & Data
In Hughes County, Oklahoma, the 2020 U.S. Presidential Election results suggest a strong Republican dominance, with nearly 80% of the vote potentially going to the GOP. Meanwhile, Democratic support appears much lower, around 19%, with minor parties having minimal impact on the overall... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Hughes County, Oklahoma, the 2020 U.S. Presidential Election results suggest a strong Republican dominance, with nearly 80% of the vote potentially going to the GOP. Meanwhile, Democratic votes seem to hover around 19%, indicating significantly lower support. Minor parties like the Libertarian and others likely garnered minimal votes, barely making a dent in the overall percentages.
79.78% of voters voted for the Republican party in the 2020 Presidential Election
18.92% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.45% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Hughes County, Oklahoma has generally remained below the national average of 14 over the last decade. This suggests smaller class sizes and could appeal to families seeking more individualized attention for their children. For investors and developers, these stable education metrics might indicate a consistent, appealing environment for residential projects. Real estate agents might use this data to attract families prioritizing education, while insurance agents... Read more
Student-to-teacher ratio in Hughes County, Oklahoma over the last 10 years
Over the last decade, the student-to-teacher ratio in Hughes County, Oklahoma has seen slight fluctuations, generally staying below the national average of 14. This might imply smaller class sizes, which could be appealing for families considering relocation due to the potential for more individualized attention in classrooms. For investors and developers, an area maintaining such ratios may signal a stable education environment, boosting the attractiveness of residential projects. Real estate agents could leverage this data to target families prioritizing education. Insurance agents might also see correlations between such metrics and community risks or benefits.
