Mayes County Real Estate and Livability Trends
Mayes County, Oklahoma has seen median home values soar from $104,000 in 2015 to $153,500 in 2022, signaling a promising real estate market albeit still below state and national averages. The rise in residential energy tax credits from $318.52 in 2013 to $1241.67 in 2021 indicates a growing emphasis on energy-efficient home improvements. Additionally, a declining student-to-teacher ratio dropping... Read more
Mayes County Market Trends
Mayes County, Oklahoma has experienced an impressive growth rate in median home values, escalating from $104,000 in 2015 to $153,500 in 2022, although they remain below state and national averages. Residential energy tax credits have increased significantly, from $318.52 in 2013 to $1241.67 in 2021, suggesting a local boom in energy-efficient home improvements. Real estate taxes per return have... Read more
Median Value of Occupied Housing Units in Mayes County, Oklahoma Over the Last 8 Years
In Mayes County, Oklahoma, median home values have seen a consistent upward trend over the last eight years, from $104,000 in 2015 to $153,500 in 2022. While this growth mirrors trends seen statewide in Oklahoma, where values moved from $117,900 to $170,500, Mayes County's figures are typically lower. However, Mayes County’s growth rate relative to its starting point is impressive and may suggest potential for investment compared to national figures, which grew from $125,500 to $179,400 over the same period. This suggests that while Mayes County offers more affordable entry points than national averages, its market is catching up, making it an attractive spot for both new home buyers and investors.
Residential Energy Tax Credit Per Tax Return in Mayes County, OK Over the Last 8 Years
Mayes County, Oklahoma has seen a notable increase in the average residential energy tax credit per tax return over the last eight years. Starting at $318.52 in 2013, the value saw a significant boost by 2021, reaching $1241.67. This upward trend suggests a growing focus on energy-efficient home improvements and possible incentives from the local government. For investors and real estate agents, this could indicate a rising demand for properties with energy-efficient features. Appraisers and insurance agents might see value shifts in homes with these upgrades, presenting both opportunities and considerations when valuing or underwriting properties.
Average Real Estate Taxes Per Tax Return in Mayes County, OK Over the Last 10 Years
Mayes County, Oklahoma has seen a notable rise in average real estate taxes per tax return over the past decade, with values starting at approximately $1,472.83 in 2012 and peaking at around $2,641.27 in 2021. A significant jump occurred between 2017 and 2018, where taxes surged from approximately $1,790.80 to about $2,489.33. This upward trend might suggest an increasing valuation of property or adjustments in tax policy, which could be of interest to investors and real estate professionals aiming to gauge the market climate or potential impacts on property affordability and long-term investments.
Percentage of Farm Returns in Mayes County, OK Over the Last 10 Years
Mayes County in Oklahoma has seen a fluctuating yet generally declining trend in farm tax returns over the past decade, starting from roughly 8.77% in 2012 and dropping to approximately 7.70% in 2021. This data is important for those looking to invest in agricultural property or businesses in the area, as farm tax returns can indicate the economic health and viability of agricultural operations. A lower percentage of farm returns might suggest challenges in the local farming industry, which could influence decisions on investments, development, and potential profitability in the agricultural sector.
Number of Mortgages by Occupancy Type in Mayes County, OK Over the Last 5 Years in Mayes County
Mayes County, Oklahoma has seen fluctuating mortgage patterns over the past five years, with a significant predilection for Principal Residences dominating the market. Investment Property mortgages have remained relatively stable yet minor by comparison, while the Second Residence category shows moderate activity. Understanding these trends is critical for potential investors, builders, and real estate agents as it highlights the strong demand for primary homes over investment opportunities, thereby influencing market strategies, property appraisals, and insurance underwriting in the area. The steady demand for primary residences suggests a stable local economy with consistent homeownership rates.
Economic Outlook
Mayes County, Oklahoma has seen a general upward trend in average taxable income per tax return, rising from $46,869.29 in 2013 to $57,554.51 in 2021. Despite slight fluctuations in state and local income taxes, peaking at $7,580.95 in 2020, the overall increase hints at potentially growing economic health. The average total tax liability has also generally risen, reaching $7,666.97 in 2021. These trends may point to increasing property values and a stronger local economy, suggesting a... Read more
Average Taxable Income per Tax Return in Mayes County, OK over the last 9 years
Mayes County, Oklahoma has shown a generally upward trend in average taxable income per tax return over the past nine years. In 2013, the average was around $46,869.29, rising to approximately $57,554.51 in 2021. While some fluctuations occurred, such as slight dips in 2015 and 2017, the overall increase suggests potentially growing economic health. For investors, real estate agents, and those looking to move, this upward trend could indicate increasing property values and a stronger local economy. However, it's always wise to consider other economic factors and regional developments before making any significant financial decisions.
Average State and Local Income Taxes Per Tax Return in Mayes County, OK Over the Last 10 Years
Mayes County, Oklahoma, has witnessed notable fluctuations in state and local income taxes per tax return over the last decade. From 2012 to 2015, there was a gradual increase from $4,699.57 to $5,335.44, suggesting steady economic growth or possibly rising incomes. However, this trend reversed slightly in 2017, dipping to $4,793.59. Interestingly, 2018 marked a sharp increase to $6,247.06, peaking in 2020 at $7,580.95. While there was a modest decline in 2021, the general trajectory appears upward. Investors, real estate agents, and those considering relocation might find these tax trends indicative of underlying economic changes impacting the local financial landscape.
Average Total Tax Liability Per Tax Return in Mayes County, OK Over the Last 10 Years
Over the past decade, Mayes County, Oklahoma has seen a fluctuating but generally rising average total tax liability per tax return, peaking in 2021 at $7,666.97. This trend could be indicative of gradually increasing incomes or changing economic conditions. Notable dips, such as in 2018 when it fell to $6,302.30, might suggest temporary economic downturns or policy impacts. Prospective investors, real estate agents, and insurance agents might find these trends useful for assessing the area's economic health and potential for growth.
Cost of Living in Mayes County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,078 | $1,383 | $1,885 | $1,114 | $1,139 |
| 1 adult 4 children | $1,078 | $1,130 | $1,442 | $1,114 | $1,198 |
| 2 adults 3 children | $1,078 | $1,130 | $1,635 | $1,114 | $918 |
| 1 adult 3 children | $1,078 | $923 | $1,192 | $1,114 | $926 |
| 2 adults 2 children | $825 | $925 | $1,385 | $982 | $780 |
| 1 adult 2 children | $825 | $691 | $942 | $982 | $701 |
| 2 adults 1 child | $825 | $731 | $1,135 | $555 | $741 |
| 1 adult 1 child | $825 | $472 | $693 | $555 | $610 |
| 2 adults | $627 | $587 | $885 | $0 | $604 |
| 1 adult | $623 | $320 | $443 | $0 | $539 |
Safety trends & Data
Mayes County, Oklahoma has seen fluctuating trends in property crimes over the past five years. Larceny-theft peaked at 59 incidents in 2018 but dropped to 32 in 2022. Motor vehicle theft surged to 29 incidents in 2020 before falling to 16 by 2022. Burglary rates have stayed stable with 17 to 18 incidents annually, while vandalism incidents have remained low and steady. Embezzlement and fraud rates have shown no clear pattern. These crime trends may impact insurance rates and property values,... Read more
Property Crime Trends in Mayes County, OK Over the Last 5 Years
Mayes County, Oklahoma has exhibited fluctuating trends in property crimes over the last five years. Larceny-theft appears to be the most prevalent crime, peaking at 59 incidents in 2018, although there was a notable decrease to 32 in 2022. Motor vehicle theft saw a significant rise in 2020 with 29 incidents but decreased to 16 incidents by 2022. Burglary rates have remained relatively steady with 17 to 18 incidents annually. While occurrences of vandalism have stayed low and fairly consistent, embezzlement and fraud incident rates have varied without a clear pattern. Investors and those interested in property here should be mindful of these crime trends as they could influence insurance rates and property values.
Demographics
Mayes County, Oklahoma, shows a relatively balanced gender distribution with males and females nearly equal in number. Educational attainment trends indicate that a substantial portion of the adult population holds a high school diploma, but only a small segment has pursued graduate or professional degrees. The age distribution reveals a broad spread, with significant representation across various age groups, particularly those over 55. Racial demographics are predominantly White, with a... Read more
Race Distribution in Mayes County, Oklahoma (2022)
Educational Attainment in Mayes County, Oklahoma (2022)
Age Distribution in Mayes County, Oklahoma
Citizen Population in Mayes County, Oklahoma (2022)
Political Trends & Data
In Mayes County, Oklahoma, the 2020 U.S. Presidential Election showed a marked preference for the Republican party, capturing roughly 77% of the vote. With Democrats securing just 22% and minimal support for other parties, the county's conservative leanings could shape local political strategies and policies. These voting patterns may significantly influence community values and priorities, impacting everything from school board decisions to zoning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mayes County, Oklahoma, the 2020 U.S. Presidential Election revealed a significant lean towards the Republican party, with approximately 77% of the votes. Democrats garnered around 22%, while support for the Libertarian party and other candidates was minimal. This trend suggests that the county may have a strong conservative base, potentially influencing local and state-level political strategies.
76.68% of voters voted for the Republican party in the 2020 Presidential Election
21.54% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mayes County, Oklahoma, has seen its student-to-teacher ratio fluctuate from a high of 15 students per teacher in 2015 to a low of 13 in 2021. Falling below the national average of 14 students per teacher since 2019, this trend could appeal to families prioritizing education and may positively influence property appraisals and insurance considerations, signaling community investment in education. This improved ratio can attract prospective homeowners and investors, adding value to the local... Read more
Student-to-teacher ratio in Mayes County, Oklahoma over the last 10 years
Mayes County, Oklahoma has seen fluctuations in its student-to-teacher ratio over the past decade, with values ranging from a high of 15 students per teacher in 2015 to a low of 13 in 2021. This is particularly significant for potential investors, families considering a move, and real estate agents as a lower student-to-teacher ratio often indicates more individualized attention and potentially better educational outcomes. While the national average sits at 14 students per teacher, Mayes County has experienced a general trend towards improved ratios, dipping below this average since 2019. This shift can be an attractive factor for prospective homeowners and may influence property appraisals and insurance considerations positively, reflecting a community investment in education.
