Love County Real Estate and Livability Trends
Love County, Oklahoma has seen a significant rise in median home values, jumping from $89,000 in 2015 to $154,500 in 2022, possibly reflecting a robust local real estate market. Alongside this, the average residential energy tax credit per tax return has increased from $320.00 in 2013 to $1,020.00 in 2021, hinting at growing investments in energy-efficient homes. Property crime rates have varied,... Read more
Love County Market Trends
Love County, Oklahoma has seen a noticeable rise in median home values, climbing sharply from $89,000 in 2015 to $154,500 in 2022, suggesting a robust market when compared to state and national averages. The average residential energy tax credit per tax return has also surged, jumping from $320.00 in 2013 to $1,020.00 in 2021, indicating an uptick in energy-efficient home investments and possibly... Read more
Median Value of Occupied Housing Units in Love County, Oklahoma Over the Last 8 Years
Love County, Oklahoma has seen a noticeable increase in median home values over the last eight years, rising sharply from $89,000 in 2015 to $154,500 in 2022. This upward movement appears more pronounced when compared to the state average, which grew from $117,900 to $170,500 in the same period. While the national average also saw gains from $125,500 to $179,400, Love County's growth suggests a robust local market. For investors or those looking to build property, these trends could point to a region that is gradually closing the gap with broader state and national values, potentially offering good growth opportunities.
Residential Energy Tax Credit Per Tax Return in Love County, OK Over the Last 6 Years
Love County, Oklahoma, has shown a significant rise in the average residential energy tax credit per tax return over the past six years, jumping from $320.00 in 2013 to $1,020.00 in 2021. This upward trend suggests growing investment in energy-efficient home improvements, which could make the area more attractive for environmentally-conscious buyers and investors. Higher tax credits may also imply increased local government incentives that could appeal to builders and insurance agents looking for market stability. The visible spikes, particularly in 2020 and 2021, might be indicative of recent policy shifts or increased homeowner awareness and adoption of energy-saving measures.
Average Real Estate Taxes Per Tax Return in Love County, OK Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Love County, Oklahoma have shown a notable increase, starting around $1,360.00 in 2012 and reaching a peak of $2,623.08 in 2019 before slightly declining to $2,150.00 in 2021. This upward trend could mean rising property valuations or changes in local tax policies, although the slight dip in recent years suggests some volatility. Property investors, appraisers, and real estate agents should observe this trend as a potential indicator of property market growth and fiscal dynamics within the region.
Percentage of Farm Returns in Love County, OK Over the Last 10 Years
Over the last 10 years, the percentage of farm returns in Love County, Oklahoma has shown a slight but consistent fluctuation, hovering around 12.5% to 13.5%. Farm tax returns, which reflect the economic activities of farms, are crucial indicators for investors, prospective property builders, and residents who are keen on understanding the stability and growth of agricultural businesses. Trends suggest that while there's been some variation, the overall consistency signals a relatively stable farming economy, making it an important area to watch for those interested in agricultural investments or rural development.
Number of Mortgages by Occupancy Type in Love County, OK Over the Last 5 Years in Love County
Over the past five years, Love County, Oklahoma has seen a consistent demand for principal residences, with annual mortgage counts hovering around the 300-370 range. Investment properties maintain a much lower but steady interest, typically in the low to mid-20s, while second residences have varied slightly but remain the least common. Shifts in occupancy type can signal evolving residential priorities and investment strategies, impacting everything from local property values to insurance assessments. These trends offer valuable insights for investors, potential new residents, appraisers, and real estate agents.
Economic Outlook
Love County, Oklahoma has experienced a gradual increase in average taxable income per tax return, peaking at $51,024.61 in 2021, with a notable uptick in 2018. Such trends might be intriguing for investors and property professionals when assessing real estate dynamics. Additionally, state and local income taxes have shown fluctuations with a rise post-2018, suggesting increased local revenue or tax adjustments, potentially impacting property valuations and insurance rates. Total tax liability... Read more
Average Taxable Income per Tax Return in Love County, OK over the last 9 years
Investment and relocation considerations in Love County, Oklahoma should be tempered with an understanding of the economic trends. Over the past nine years, the average taxable income per tax return has seen a gradual upward trajectory with some fluctuations, peaking at $51,024.61 in 2021. Notably, there was a significant jump in 2018 reaching $48,301.83 from the previous year, suggesting a possible boost in local economic activity or shifts in income sources. These patterns may influence real estate market dynamics, property values, and underwriting criteria for insurers and lenders in the area.
Average State and Local Income Taxes Per Tax Return in Love County, OK Over the Last 10 Years
Love County, Oklahoma has seen some fluctuations in average state and local income taxes per tax return over the past decade, with a notable dip around 2013 and 2014 followed by a more consistent increase from 2018 onwards. This trend could be indicative of shifting economic conditions and might impact decision-making for potential investors and those considering relocation, as well as real estate professionals. The upward trajectory in recent years suggests a possible increase in local revenue or tax adjustments, potentially reflecting broader economic growth or changes within the county. The consistent rise may influence property valuations and insurance rates, making it a key consideration for appraisers and insurance agents as well.
Average Total Tax Liability Per Tax Return in Love County, OK Over the Last 10 Years
Over the last decade, Love County, Oklahoma has seen noticeable fluctuations in average total tax liability per tax return. Starting at approximately $5,621.64 in 2012, there was a general upward trend, with notable peaks reaching $6,578.98 in 2021. Significant dips were observed around 2015 and 2020, potentially reflecting broader economic factors. This data could imply varying economic conditions and shifts in income levels, which might be of interest to potential investors, property developers, and insurance agents when considering the area's financial climate.
Cost of Living in Love County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,002 | $1,476 | $2,142 | $1,120 | $1,272 |
| 1 adult 4 children | $1,002 | $1,205 | $1,641 | $1,120 | $1,344 |
| 2 adults 3 children | $1,002 | $1,206 | $1,857 | $1,120 | $1,024 |
| 1 adult 3 children | $1,002 | $984 | $1,356 | $1,120 | $1,022 |
| 2 adults 2 children | $823 | $987 | $1,572 | $988 | $873 |
| 1 adult 2 children | $823 | $737 | $1,071 | $988 | $799 |
| 2 adults 1 child | $823 | $780 | $1,288 | $558 | $819 |
| 1 adult 1 child | $823 | $504 | $786 | $558 | $671 |
| 2 adults | $683 | $627 | $1,003 | $0 | $688 |
| 1 adult | $639 | $342 | $501 | $0 | $589 |
Safety trends & Data
Love County, Oklahoma, has experienced varying property crime rates over the past five years. Burglaries hit highs in 2020 and 2022 with 6.0 incidents, while larceny-theft peaked in 2019 and 2021 at 10.0 incidents annually. Motor vehicle theft spiked in 2021 with 8.0 incidents, and vandalism also increased notably in 2021 and 2022, reaching 5.0 and 6.0 incidents, respectively. These crime trends could influence potential investors and homeowners' perception of safety, subsequently affecting... Read more
Property Crime Trends in Love County, OK Over the Last 5 Years
Love County, Oklahoma has seen some fluctuations in property crime over the last five years. Burglaries peaked in 2020 and 2022 at 6.0 incidents, while larceny-theft reached its highest in 2019 and 2021 with 10.0 incidents each year. Motor vehicle theft showed a notable increase in 2021 with 8.0 occurrences. Vandalism also spiked in 2021 and 2022 to 5.0 and 6.0 incidents respectively, while fraud and other categories such as forgery and counterfeiting have remained relatively low. This shift in crime rates is crucial for potential investors, homeowners, and real estate professionals when assessing the area’s safety and its impact on property values and insurance premiums.
Demographics
Love County, Oklahoma exhibits a balanced gender distribution with a slight male majority. The population spans diverse age groups, with a noteworthy concentration in the middle-aged brackets, particularly between ages 45 to 64. Educational attainment shows a predominant share of high school graduates, with a significant portion having some college experience but no degree. The racial composition is largely White, followed by smaller percentages of American Indian and Alaska Native and other... Read more
Race Distribution in Love County, Oklahoma (2022)
Educational Attainment in Love County, Oklahoma (2022)
Age Distribution in Love County, Oklahoma
Citizen Population in Love County, Oklahoma (2022)
Political Trends & Data
Love County, Oklahoma, displayed a notable Republican preference in the 2020 U.S. Presidential Election, with the GOP securing just over 81% of the vote. The Democratic Party captured roughly 17%, showing a wide gap between the two major parties. Minor parties such as the Libertarians had minimal influence, indicating a strong Republican stronghold and limited ideological... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Love County, Oklahoma, saw an overwhelming leaning towards the Republican Party in the 2020 U.S. Presidential Election, capturing just over 81% of the vote. In stark contrast, the Democratic Party garnered around 17%, while other parties like the Libertarians and smaller factions barely made an impact. This suggests a strong Republican stronghold, with minimal competition from other political ideologies in this area.
81.08% of voters voted for the Republican party in the 2020 Presidential Election
17.44% of voters voted for the Democrat party in the 2020 Presidential Election
0.88% of voters voted for the Livertarian party in the 2020 Presidential Election
0.59% of voters voted for the Other party in the 2020 Presidential Election
School Data
Love County, Oklahoma has seen a downward trend in its student-to-teacher ratio, dropping from a peak of 16 students per teacher in 2017 to a more manageable 13 in 2021. This trend could signal enhanced educational resources and smaller class sizes, appealing to families and potentially boosting property values. With the current ratio near the national average, Love County offers a balanced educational environment devoid of overcrowded classrooms, which might attract new residents seeking... Read more
Student-to-teacher ratio in Love County, Oklahoma over the last 10 years
Love County, Oklahoma has experienced fluctuations in its student-to-teacher ratio over the past decade, with numbers peaking at 16 students per teacher in 2017 but generally trending downward to a low of 13 students per teacher in 2021. For potential investors, families, and real estate professionals, this trend may indicate shifting educational resources and class sizes, which could impact property values and the attractiveness of the area for new residents. With the current ratio closely aligned to the national average of 14 students per teacher, Love County's educational environment remains competitive, yet void of overcrowded classrooms, potentially attracting families seeking balanced educational settings for their children.
