Latimer County Real Estate and Livability Trends
Latimer County, Oklahoma, has experienced rising median home values from $80,500 in 2015 to $102,400 in 2022, suggesting growing investment potential despite trailing behind state and national values. Real estate taxes per return have jumped from $735.38 in 2012 to $1,737.50 in 2021, perhaps reflecting economic growth but requiring higher budget allocation. Fluctuating residential energy tax... Read more
Latimer County Market Trends
Latimer County, Oklahoma, has seen its median home values rise from $80,500 in 2015 to $102,400 in 2022, suggesting growing interest and potential for investment opportunities in a market that still trails state and national values. Real estate taxes per return have climbed from $735.38 in 2012 to $1,737.50 in 2021, which may indicate economic development but also necessitates budgeting for... Read more
Median Value of Occupied Housing Units in Latimer County, Oklahoma Over the Last 8 Years
Latimer County, Oklahoma has seen a gradual yet steady increase in median home values over the last eight years, jumping from $80,500 in 2015 to $102,400 in 2022. While still trailing behind both the state of Oklahoma's median values, which reached $170,500 in 2022, and the national median of $179,400, the county's growth rate suggests rising interest and potential for property investment. This upward trend could present opportunities for investors and individuals looking to move to a less expensive area with a history of appreciating home values.
Residential Energy Tax Credit Per Tax Return in Latimer County, OK Over the Last 5 Years
Over the last five years, Latimer County, Oklahoma has seen fluctuating values in average residential energy tax credits per tax return. Starting at $375.00 in 2013, peaking at $1,250.00 in 2016, and dropping to $400.00 by 2020, these variations could suggest shifting homeowner energy efficiency investments or availability of energy-efficient options. For investors, homebuilders, and real estate agents, understanding these trends offers insight into energy-efficient home features' impact on property value and buyer interest in the county.
Average Real Estate Taxes Per Tax Return in Latimer County, OK Over the Last 10 Years
Over the past decade, Latimer County, Oklahoma has experienced a steady increase in average real estate taxes per tax return, rising from approximately $735.38 in 2012 to about $1,737.50 in 2021. Notably, this upward trend saw sharp jumps in 2018 and 2019, which could reflect economic developments or changes in property valuations impacting the area. For investors, real estate agents, and those considering moving to or insuring property in Latimer County, this data suggests potential increases in property-related expenses, indicating a thriving real estate market but also underscoring the importance of budgeting for higher tax obligations.
Percentage of Farm Returns in Latimer County, OK Over the Last 10 Years
Farm tax returns in Latimer County, Oklahoma have fluctuated between approximately 15.08% and 16.92% over the past decade, peaking in 2016. This metric is vital for understanding the economic health and agricultural activity within the region. Higher percentages might reflect increased agricultural production or better market conditions for farm products. For those looking to invest, move to, or develop property in Latimer County, a higher farm return percentage could suggest a robust local economy with potential growth in agribusiness. Conversely, the slight declines in some years imply the need to understand market volatilities and their impacts on local farmers and land values.
Number of Mortgages by Occupancy Type in Latimer County, OK Over the Last 5 Years in Latimer County
Latimer County, Oklahoma has seen a notable fluctuation in the number of mortgages across different occupancy types over the past five years. The dominant trend shows principal residences making up the bulk of mortgages, while investment and second residences maintain relatively low volumes. Variations in these categories—especially the growth or decline in investment property and second residence mortgages—can provide vital insights for investors, developers, real estate agents, and insurers. Shifts in occupancy types may indicate changing market demand, potential property value fluctuations, and evolving community demographics, impacting decisions on investment viability, policy pricing, and market strategies.
Economic Outlook
Latimer County, Oklahoma sees variability in average taxable income, peaking at $46,603.54 in 2014 but dipping to $43,366.19 by 2021, hinting at income stability concerns. State and local income taxes also show fluctuations, peaking at $6,376.92 in 2019, then declining to $5,827.27 by 2021, potentially affecting financial planning. Total tax liability trends reveal a climb till 2015 but a decline from 2016, reaching a low of $5,339.85 in 2019. These variations might impact decisions for moving,... Read more
Average Taxable Income per Tax Return in Latimer County, OK over the last 9 years
Latimer County, Oklahoma has experienced some fluctuation in average taxable income per tax return over the past nine years. Between 2013 and 2021, the average taxable income peaked at $46,603.54 in 2014 but dipped slightly to $43,366.19 by 2021. This variability suggests that while there might be economic opportunities, income stability could be a concern for potential newcomers, investors, and real estate professionals. Understanding this income trend can help in making informed decisions whether it's for moving, investing, appraising, or insuring property in the area.
Average State and Local Income Taxes Per Tax Return in Latimer County, OK Over the Last 10 Years
Latimer County, Oklahoma has experienced some fluctuations in average state and local income taxes per tax return over the past 10 years. After a steady increase from $4,500.00 in 2012 to a peak of around $6,376.92 in 2019, there was a slight dip to $6,140.00 in 2020, followed by a decrease to $5,827.27 in 2021. Understanding these variations can provide insights for potential investors, real estate agents, and those looking to move, highlighting how tax burdens might impact financial planning and property values in the area.
Average Total Tax Liability Per Tax Return in Latimer County, OK Over the Last 10 Years
In the past decade, Latimer County, Oklahoma has seen fluctuations in its average total tax liability per tax return. Between 2012 and 2015, there was a noticeable climb from approximately $5,725.17 to $6,423.94. However, from 2016 onward, a declining trend appears, reaching a low of about $5,339.85 in 2019 before experiencing a slight recovery in the following years. This data likely interests potential investors, real estate professionals, and appraisers, revealing that while tax liabilities have decreased recently, the historical highs indicate an area with varying economic conditions.
Cost of Living in Latimer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,007 | $1,424 | $2,142 | $955 | $1,178 |
| 1 adult 4 children | $1,007 | $1,163 | $1,641 | $955 | $1,236 |
| 2 adults 3 children | $1,007 | $1,163 | $1,857 | $955 | $937 |
| 1 adult 3 children | $1,007 | $949 | $1,356 | $955 | $921 |
| 2 adults 2 children | $797 | $952 | $1,572 | $842 | $802 |
| 1 adult 2 children | $797 | $711 | $1,071 | $842 | $705 |
| 2 adults 1 child | $797 | $752 | $1,288 | $476 | $765 |
| 1 adult 1 child | $797 | $486 | $786 | $476 | $615 |
| 2 adults | $605 | $604 | $1,003 | $0 | $637 |
| 1 adult | $601 | $330 | $501 | $0 | $551 |
Safety trends & Data
Latimer County, Oklahoma has mostly seen a decrease in property crime arrests over the past five years, despite fluctuations in specific crime types. Burglary arrests spiked in 2018 at 7.0 but have significantly decreased by 2022. Larceny-theft arrests have also dropped, from a peak of 5.0 in 2018 to zero in recent years. However, motor vehicle thefts began appearing around 2020. This downtrend might indicate improving safety for potential investors or residents, though the presence of diverse... Read more
Property Crime Trends in Latimer County, OK Over the Last 5 Years
Latimer County, Oklahoma has generally seen a decrease in property crime arrests over the past five years, with noticeable fluctuations in the types of crimes committed. While burglary incidents saw a high in 2018 with 7.0 arrests, they significantly dropped by 2022. Larceny-theft arrests also fell from a peak of 5.0 in 2018 to zero in recent years. New crimes like motor vehicle theft began appearing around 2020. For those looking to invest or move to Latimer County, this downtrend could be seen as a potential indicator of improving safety. However, diverse property crimes, albeit at lower frequencies, suggest a need for ongoing vigilance and possibly enhanced security measures.
Demographics
Latimer County, Oklahoma, exhibits a relatively balanced adult male-to-female ratio with a slight male majority. Educational attainment shows a prevalent completion of high school, but fewer residents pursue graduate or professional degrees, hinting at potential opportunities for higher education initiatives. Age distribution skews towards older demographics, particularly those aged 55-64, which may impact future workforce development and healthcare demands. The racial composition is... Read more
Race Distribution in Latimer County, Oklahoma (2022)
Educational Attainment in Latimer County, Oklahoma (2022)
Age Distribution in Latimer County, Oklahoma
Citizen Population in Latimer County, Oklahoma (2022)
Political Trends & Data
Latimer County, Oklahoma, demonstrated a pronounced preference for the Republican party during the 2020 U.S. Presidential election, with around 81% of the votes cast in favor. The Democratic party received close to 18% of the votes, indicating a substantial disparity between the two major parties. The Libertarian party had a minimal impact with approximately 0.8% of the votes, underscoring a strong Republican inclination in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Latimer County, Oklahoma, saw a notable leaning towards the Republican party in the 2020 U.S. Presidential election, with roughly 81% of the votes. The Democratic party garnered nearly 18% of the votes, reflecting a significant gap compared to its Republican counterpart. The Libertarian vote was minimal at about 0.8%, and other parties barely registered, highlighting a strong Republican preference in this county.
80.89% of voters voted for the Republican party in the 2020 Presidential Election
17.93% of voters voted for the Democrat party in the 2020 Presidential Election
0.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Other party in the 2020 Presidential Election
School Data
Latimer County, Oklahoma, has seen fluctuations in its student-to-teacher ratio, swinging from 12 in 2014 to 16 in 2018 and again in 2023, sometimes surpassing the national average of 14. This variability could signal challenges in maintaining consistent class sizes, which might impact education quality. For potential homebuyers, real estate professionals, and other stakeholders, these education trends could be an important factor in assessing property values and community... Read more
Student-to-teacher ratio in Latimer County, Oklahoma over the last 10 years
Latimer County, Oklahoma, has shown fluctuations in its student-to-teacher ratio over the past decade, varying from a low of 12 students per teacher in 2014 to a high of 16 in 2018 and 2023. This variability, with numbers sometimes exceeding the national average of 14, might indicate challenges in maintaining consistent class sizes, potentially impacting the quality of education. For those looking to invest in property or move to the area, these ratios can be a critical factor in decision-making, as they impact local education standards. Similarly, for real estate agents, appraisers, and insurance agents, understanding these education trends can help better assess property values and community stability.
