Kay County Real Estate and Livability Trends
Kay County, Oklahoma's real estate market offers intriguing dynamics that merit attention. The surge in average taxable income from $53,056.60 in 2020 to $63,455.94 in 2021 hints at an economic uplift. Home values climbed to $111,600 in 2022, still trailing state and national medians but indicating potential growth. Investments in energy efficiency rose sharply, reflected by the increase in... Read more
Kay County Market Trends
Kay County, Oklahoma has seen a steady rise in home values, peaking at $111,600 in 2022, though still lower than both state and national medians. Residential energy tax credits have surged, reaching $1,021.43 in 2021, pointing to increased investments in energy efficiency. Real estate taxes have also climbed, hitting $2,470.97 in 2021, suggesting a growing property valuation. However, the... Read more
Median Value of Occupied Housing Units in Kay County, Oklahoma Over the Last 8 Years
Kay County, Oklahoma has experienced a steady rise in median home values over the past eight years, culminating in a sharp increase to $111,600 in 2022. This is significantly lower than both the state of Oklahoma's median home value of $170,500 and the national median of $179,400 for the same year. For those interested in more affordable housing options within Oklahoma, Kay County could be an appealing choice, particularly when considering investment or relocation.
Residential Energy Tax Credit Per Tax Return in Kay County, OK Over the Last 8 Years
Over the past eight years, Kay County, Oklahoma, has seen noticeable fluctuations in the average residential energy tax credit per tax return. Starting at $325.81 in 2013, the credit experienced a peak in 2016 at $470.00 before stabilizing around $425.00 in subsequent years. By 2020, the average credit had risen to $530.00, with a sharp increase to $1,021.43 in 2021. This trend may suggest a growing emphasis on energy efficiency and renewable energy investments among residents, potentially offering opportunities for investors and builders considering sustainable projects. Real estate agents and appraisers might also notice this as an appealing factor for eco-conscious homebuyers.
Average Real Estate Taxes Per Tax Return in Kay County, OK Over the Last 10 Years
Real estate taxes per tax return in Kay County, Oklahoma have shown a modest but steady increase over the past decade. From $1,448.38 in 2012, taxes rose consistently, with a significant jump to $2,269.74 in 2018. By 2021, the average real estate taxes had reached $2,470.97. This upward trend likely indicates a growing valuation of properties, which could be of interest to investors and real estate agents considering market dynamics. For appraisers and insurance agents, the increasing taxes suggest rising property values, potentially affecting premiums and appraisal valuations.
Percentage of Farm Returns in Kay County, OK Over the Last 10 Years
The percentage of farm tax returns in Kay County, Oklahoma has seen a general decline from 5.35% in 2012 to around 4.71% in 2021. These returns have fluctuated slightly year over year but have not reached the levels seen a decade ago. Farm tax returns provide an insightful measure of the agricultural economic activity in the area, impacting property values, local investments, and community planning. Investors or new residents might find these trends significant as they could reflect shifts in the local economy and land use patterns.
Number of Mortgages by Occupancy Type in Kay County, OK Over the Last 5 Years in Kay County
In Kay County, Oklahoma, over the past five years, there's been a noticeable consistency in mortgage trends for principal residences, with minor fluctuations but a general upward slope peaking in 2021. Investment properties saw a slight downward trend, hitting their lowest point in 2020. Second residences maintained a relatively stable but minimal involvement. These shifts in occupancy types can indicate changing preferences or economic conditions, influencing market stability and potential profitability. Investors, real estate agents, and appraisers should note this dynamic, as it affects property values, demand forecasts, and insurance risk assessments. Understanding these nuances can help stakeholders make informed decisions tailored to the evolving landscape.
Economic Outlook
Kay County, Oklahoma's average taxable income per tax return saw a dramatic jump from $53,056.60 in 2020 to $63,455.94 in 2021, which might indicate an economic boost or demographic changes. The state and local income taxes per tax return have also generally increased, hitting $9,355.22 in 2021, after a dip in 2016. This suggests a rise in the economic activity or shifts in tax policy. Additionally, the average total tax liability per tax return in Kay County showed variability, peaking at... Read more
Average Taxable Income per Tax Return in Kay County, OK over the last 9 years
Kay County, Oklahoma's average taxable income per tax return has shown fluctuations over the past nine years, exhibiting a mix of growth and slight declines. Notably, there has been a sharp increase from $53,056.60 in 2020 to $63,455.94 in 2021, signaling possible economic improvement or demographic shifts. This trend could interest potential investors, real estate agents, and others looking to understand the area's financial landscape, ensuring they make well-informed decisions based on current economic indicators.
Average State and Local Income Taxes Per Tax Return in Kay County, OK Over the Last 10 Years
The state and local income taxes per tax return in Kay County, Oklahoma have shown a general upward trend over the last decade. Starting at $5,822.76 in 2012, there was a dip in 2016 to $5,941.41, followed by significant increases in subsequent years, peaking at $9,355.22 in 2021. This could be relevant for investors and property builders as these tax trends might reflect changes in the county's economic activity or policy shifts. Prospective homebuyers and real estate agents might also consider these fluctuations, as higher taxes could impact the overall cost of living and property attractiveness.
Average Total Tax Liability Per Tax Return in Kay County, OK Over the Last 10 Years
Over the past decade, Kay County, Oklahoma has experienced fluctuating average total tax liabilities per tax return. From 2012's $8,434.55 to 2021's peak at $9,307.30, the trend suggests occasional dips and rises, notably a notable drop in 2016 to $8,182.55. It hints at economic variability which might impact potential investment and living decisions. This dynamic environment could be crucial for appraisers, insurance agents, builders, and real estate professionals in evaluating property values and projecting future fiscal responsibilities for residents and investors alike.
Cost of Living in Kay County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,029 | $1,408 | $2,142 | $1,103 | $1,180 |
| 1 adult 4 children | $1,029 | $1,149 | $1,641 | $1,103 | $1,238 |
| 2 adults 3 children | $1,029 | $1,150 | $1,857 | $1,103 | $944 |
| 1 adult 3 children | $1,029 | $939 | $1,356 | $1,103 | $930 |
| 2 adults 2 children | $797 | $941 | $1,572 | $973 | $799 |
| 1 adult 2 children | $797 | $703 | $1,071 | $973 | $703 |
| 2 adults 1 child | $797 | $744 | $1,288 | $550 | $752 |
| 1 adult 1 child | $797 | $481 | $786 | $550 | $604 |
| 2 adults | $605 | $598 | $1,003 | $0 | $610 |
| 1 adult | $533 | $326 | $501 | $0 | $508 |
Safety trends & Data
Kay County, Oklahoma has experienced fluctuating property crime rates over the past five years, with larceny-theft consistently leading the pack, peaking at 148 incidents in 2019 and dipping to 63 in 2022. Burglary rates have been relatively stable but experienced a significant drop in 2020. Motor vehicle theft spiked in 2019 at 36 incidents. Low rates of arson and embezzlement, generally under 10 annually, also characterize the area. These trends could be essential for real estate agents,... Read more
Property Crime Trends in Kay County, OK Over the Last 5 Years
Kay County, Oklahoma has seen varying trends in property crimes over the past five years, notable for their fluctuations rather than a steady pattern. Larceny-Theft consistently leads in numbers, peaking at 148 incidents in 2019 before dipping to 63 in 2022. Burglary incidents have held relatively steady but saw a significant drop in 2020, while motor vehicle theft experienced a notable spike in 2019 at 36 incidents. Other crimes like arson and embezzlement remain low, typically under 10 yearly. These trends could be pivotal for real estate agents, investors, and insurers in assessing property risks and for potential movers evaluating community safety.
Demographics
Kay County, Oklahoma, shows a balanced gender distribution with slightly more females than males. The majority have attained at least a high school diploma, with a notable portion pursuing higher education, indicating a potentially skilled workforce. Age distribution highlights a substantial proportion of residents in the 25-64 range, hinting at a robust working-age population. Racially, the county is predominantly White, with American Indian and Alaska Native communities forming a significant... Read more
Race Distribution in Kay County, Oklahoma (2022)
Educational Attainment in Kay County, Oklahoma (2022)
Age Distribution in Kay County, Oklahoma
Citizen Population in Kay County, Oklahoma (2022)
Political Trends & Data
Kay County, Oklahoma, saw a decisive lean towards the Republican Party in the 2020 U.S. Presidential Election, securing about 75% of the votes. The Democratic Party received just under 25%, with the Libertarian Party and other minor parties capturing minimal support. This indicates a primarily conservative electorate, which may influence the local real estate market dynamics and buyer... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Kay County, Oklahoma, the 2020 U.S. Presidential Election results showed a strong inclination towards the Republican Party, capturing roughly three-quarters of the vote. The Democratic Party garnered just under a quarter, while the Libertarian Party trailed significantly with around 1.5%. Other minor parties collectively accounted for a negligible portion of the vote. These figures suggest a predominantly conservative voter base in this county.
74.40% of voters voted for the Republican party in the 2020 Presidential Election
23.42% of voters voted for the Democrat party in the 2020 Presidential Election
1.54% of voters voted for the Livertarian party in the 2020 Presidential Election
0.64% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kay County, Oklahoma has seen its student-to-teacher ratio swing between 14 and nearly 17 students per teacher over the past decade, occasionally topping the national average of 14. These fluctuations could indicate potential classroom overcrowding, impacting educational quality and possibly revealing broader demographic shifts. For real estate agents, investors, and families, this data could be key when evaluating the local education ecosystem and its implications for property values and... Read more
Student-to-teacher ratio in Kay County, Oklahoma over the last 10 years
Kay County, Oklahoma has experienced fluctuations in its student-to-teacher ratio over the past decade, with values ranging from 14 to nearly 17 students per teacher. This trend shows a slight increase in student-to-teacher ratios, occasionally exceeding the national average of 14 students per teacher. Changes in occupancy type, like shifts in school enrollment or teacher staffing, can significantly impact these ratios. Higher ratios might hint at potential concerns for classroom overcrowding, affecting the quality of education. Investors and developers in the education sector, real estate agents, and families considering moving to the area may find this data crucial for assessing the community's educational environment. For insurance agents and appraisers, shifts in these ratios might be indicative of broader demographic changes, influencing property values and local school funding.
