Major County Real Estate and Livability Trends
In Major County, Oklahoma, the real estate market has experienced varied trends with median home values rising steadily from $89,300 in 2015 to $123,200 in 2022, offering a relatively lower entry point for buyers. Despite fluctuations in taxable income and tax liabilities, there has been consistent appreciation in property values. Factors like smaller student-to-teacher ratios and an uptick in... Read more
Major County Market Trends
In Major County, Oklahoma, median home values have seen a steady rise from $89,300 in 2015 to $123,200 in 2022, though this growth lags behind state and national averages. There's a relatively lower entry point and consistent appreciation, making it an attractive locale for investors and homeowners. Residential energy tax credits have fluctuated, peaking in 2014 at $687.50, influencing decisions... Read more
Median Value of Occupied Housing Units in Major County, Oklahoma Over the Last 8 Years
In Major County, Oklahoma, median home values have experienced a fairly steady rise over the past eight years, increasing from $89,300 in 2015 to $123,200 in 2022. This growth pace is somewhat slower compared to the statewide increase, where values jumped from $117,900 to $170,500 in the same period. On a national level, prices rose even more sharply, starting at $125,500 in 2015 and reaching $179,400 by 2022. Investors and potential homeowners might be drawn to Major County for its relatively lower entry point and consistent appreciation, which could indicate stable future value growth.
Residential Energy Tax Credit Per Tax Return in Major County, OK Over the Last 8 Years
Residential energy tax credits in Major County, Oklahoma have shown notable fluctuations over the last eight years. Peak averages were glimpsed in 2014 at $687.50 per tax return, while other years hovered around the mid-$300 to mid-$400 range. 2017 marked another notable high at $550.00. The varying incentives could influence decisions for those looking to invest in energy-efficient home improvements. Real estate agents, appraisers, and potential homeowners may want to consider these tax trends when evaluating property value and the benefits of sustainable upgrades.
Average Real Estate Taxes Per Tax Return in Major County, OK Over the Last 10 Years
Over the past decade, Major County, Oklahoma has seen a fluctuating but overall upward trend in average real estate taxes per tax return. From a low of $1,119.64 in 2012, taxes have gradually increased, peaking at $1,960.00 in 2019 before settling slightly lower in more recent years. These changes highlight the evolving economic context of the area, which may be of interest to potential investors, property developers, and residents considering the financial landscape of real estate within the county.
Percentage of Farm Returns in Major County, OK Over the Last 10 Years
Over the past decade, the percentage of farm returns in Major County, Oklahoma, has fluctuated, beginning at around 22.15% in 2012 and seeing modest increases and decreases each subsequent year. Peaks were notable in 2016 and 2017, reaching 24.55% and 25.23% respectively, before showing a slight decline to 23.75% by 2021. Farm tax returns involve the financial declarations and activities specifically related to agricultural operations, which are significant in assessing economic health and investment potential in the region. This trend is essential for potential investors, property developers, and residents, as it provides insight into the viability and productivity of agricultural ventures in Major County.
Number of Mortgages by Occupancy Type in Major County, OK Over the Last 5 Years in Major County
Major County, Oklahoma, shows a notable increase in mortgage counts for principal residences over the last five years, especially between 2018 and 2022, which might signal a growing appeal for long-term living. This rise could be key for investors, real estate agents, and builders seeking opportunities for development tailored to family-oriented housing. Meanwhile, investment and second residence mortgages remain relatively low and stable, suggesting a limited appetite for speculative buying or vacation homes. These trends can influence appraisals and insurance evaluations as the market leans more towards stable, owner-occupied housing rather than transient or investment-focused properties.
Economic Outlook
In Major County, Oklahoma, the average taxable income per tax return has experienced peaks and troughs, with highs around $65,903.24 in 2014 and lows of approximately $51,545.05 in 2016 and $52,067.47 in 2020. These fluctuations suggest local economic shifts, possibly influenced by industry changes or broader economic dynamics. Average state and local income taxes also show variability, peaking at $7,847.62 in 2018, while the total tax liability per tax return reached highs of $10,577.52 in... Read more
Average Taxable Income per Tax Return in Major County, OK over the last 9 years
Average taxable income per tax return in Major County, Oklahoma has seen some fluctuation over the last nine years. Peaks around 2014 coincided with $65,903.24, while notable drops occurred in 2016 and 2020 with figures around $51,545.05 and $52,067.47 respectively. For those considering investments, property builds, or market analyses, these oscillations might indicate shifts in economic conditions, potentially driven by local industry changes or broader economic trends. Understanding these patterns could be crucial for making informed decisions around appraisals, real estate transactions, and economic projections.
Average State and Local Income Taxes Per Tax Return in Major County, OK Over the Last 10 Years
Over the last decade in Major County, Oklahoma, average state and local income taxes per tax return have shown noticeable fluctuations. Despite a significant drop in 2016 and 2017, there's been a general upward trend with peaks in 2018 reaching $7,847.62 and maintaining relatively high levels. This could signal a complex economic environment, valuable for prospective investors or those planning to move, as it reflects the broader fiscal policies and economic health impacting disposable incomes in the area.
Average Total Tax Liability Per Tax Return in Major County, OK Over the Last 10 Years
Over the last decade, Major County in Oklahoma has seen a fluctuating pattern in average total tax liability per tax return, with peaks in 2013 at $10,577.52 and 2017 at $9,875.00, contrasted by notable declines in 2016 at $7,330.08 and 2020 at $6,826.22. This variability could be linked to shifts in local economic conditions or changes in tax policy, potentially impacting decisions for investors, property builders, and insurance agents evaluating the area. Understanding these trends is critical for real estate agents and appraisers aiming to provide accurate market assessments, and for potential residents considering the region's financial landscape.
Cost of Living in Major County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,452 | $2,142 | $1,101 | $1,326 |
| 1 adult 4 children | $1,062 | $1,186 | $1,641 | $1,101 | $1,411 |
| 2 adults 3 children | $1,062 | $1,186 | $1,857 | $1,101 | $1,076 |
| 1 adult 3 children | $1,062 | $968 | $1,356 | $1,101 | $1,114 |
| 2 adults 2 children | $797 | $971 | $1,572 | $971 | $901 |
| 1 adult 2 children | $797 | $725 | $1,071 | $971 | $833 |
| 2 adults 1 child | $797 | $767 | $1,288 | $549 | $844 |
| 1 adult 1 child | $797 | $496 | $786 | $549 | $674 |
| 2 adults | $620 | $616 | $1,003 | $0 | $678 |
| 1 adult | $619 | $336 | $501 | $0 | $583 |
Safety trends & Data
Major County in Oklahoma has seen fluctuating property crime over the past five years, with burglary peaking at five cases in 2022 and larceny-theft reaching three reports in 2018 before declining. Motor vehicle theft spiked to three instances in 2021 but later dropped. Vandalism and possession of stolen property became more prominent in 2022, showing significant increases. This volatility in crime patterns is essential for real estate agents, insurance adjusters, and potential investors to... Read more
Property Crime Trends in Major County, OK Over the Last 5 Years
Major County in Oklahoma has experienced fluctuating trends in property crime over the past five years. Burglary incidents saw an uptick, hitting a peak of five cases in 2022. Larceny-theft occurrences reached their highest in 2018 with three reports but tapered off by 2022. Motor vehicle theft displayed variability, spiking to three instances in 2021 before dropping again. Notably, vandalism and possession of stolen property became more prominent in 2022, each recording significant increases in reported cases. This volatility in property crime patterns is crucial for real estate agents, insurance adjusters, and potential investors to consider when assessing risk and property values in this county.
Demographics
Major County, Oklahoma, presents a balanced gender distribution among adults, with females slightly outnumbering males. Educational attainment varies widely, with a significant portion holding high school diplomas or some college experience, although higher degrees remain less common. Age-wise, the population skews towards middle-aged adults and seniors, hinting at a possibly aging demographic. Racially, the county is predominantly White, with small representations from other racial groups.... Read more
Race Distribution in Major County, Oklahoma (2022)
Educational Attainment in Major County, Oklahoma (2022)
Age Distribution in Major County, Oklahoma
Citizen Population in Major County, Oklahoma (2022)
Political Trends & Data
Major County in Oklahoma demonstrated a strong conservative slant in the most recent presidential election, with 88.95% of votes swinging Republican. Democrats lagged behind at 9.23%, and Libertarians barely made a dent with 1.12%. The apparent absence of Green party votes and a scant 0.69% for other parties may reflect broader political dynamics, potentially influencing local policy and development... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Major County in Oklahoma saw a decisive lean towards the Republican party, with an overwhelming 88.95% of votes. Democrats trailed significantly, capturing just 9.23% of the electorate. Libertarians had a minimal presence at 1.12%, while the Green party apparently didn't receive any votes. Other parties collectively garnered about 0.69%. This skew highlights a strong conservative preference, potentially shaping local and statewide political strategies.
88.95% of voters voted for the Republican party in the 2020 Presidential Election
9.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.69% of voters voted for the Other party in the 2020 Presidential Election
School Data
Major County, Oklahoma has seen its student-to-teacher ratio dip to around 13 students per teacher, below the national average of 14. This trend hints at smaller class sizes and possibly better student engagement. For real estate agents and investors, this could make the area more attractive to families prioritizing quality education, potentially impacting property values and community... Read more
Student-to-teacher ratio in Major County, Oklahoma over the last 10 years
Over the past decade, Major County, Oklahoma has experienced a gradual decrease in its student-to-teacher ratio, which currently stands at around 13 students per teacher in 2023. This is below the national average of 14 students per teacher. Such a trend can signal smaller class sizes, potentially indicating an increasing focus on personalized education and better student engagement. For real estate agents and investors, lower ratios might enhance the area's appeal to families prioritizing quality education. Insurance agents and appraisers might also find these shifts relevant as educational quality often correlates with community desirability and property values.
