McClain County Real Estate and Livability Trends
McClain County, Oklahoma has demonstrated a consistent rise in average taxable income, peaking at $76,568.97 in 2021, hinting at economic stability that might boost property values. Median home values, which reached $214,400 in 2022, are outpacing state and national figures, suggesting promising growth opportunities. Surges in residential energy tax credits in 2018 and increased real estate... Read more
McClain County Market Trends
In McClain County, Oklahoma, median home values rose to $214,400 in 2022, outperforming both state and national medians, which suggests robust growth opportunities influenced by local economic factors. Residential energy tax credits spiked dramatically in 2018, reaching $3,140.00 per tax return, indicating either changing incentives or a rise in energy-efficient home improvements. Additionally,... Read more
Median Value of Occupied Housing Units in McClain County, Oklahoma Over the Last 8 Years
In McClain County, Oklahoma, median home values have experienced a steady rise over the past eight years, hitting $214,400 in 2022. This is particularly intriguing given that both Oklahoma and national medians, while also increasing, trailed behind, with the state at $170,500 and the U.S. at $179,400 in the same year. This suggests that McClain County might present more robust growth opportunities for investors, builders, and new residents, potentially driven by local economic factors or development projects that outpace broader trends.
Residential Energy Tax Credit Per Tax Return in McClain County, OK Over the Last 9 Years
In McClain County, Oklahoma, residential energy tax credits have shown significant fluctuations over the past nine years. The average credit per tax return saw a dramatic increase in 2018, reaching $3140.00, compared to just $503.57 in 2013. These fluctuations may signal changing incentives or varying levels of energy-efficient home improvements by residents. For real estate agents, appraisers, and investors, such volatility underscores the importance of staying updated on tax incentive trends, which can significantly impact property values and prospective buyers' decisions. For those planning to build or improve properties, understanding these trends might present opportunities for cost-saving and value addition through energy efficiency.
Average Real Estate Taxes Per Tax Return in McClain County, OK Over the Last 10 Years
Over the last decade, McClain County, Oklahoma has seen a noticeable increase in average real estate taxes per tax return, starting at $2,026.94 in 2012 and reaching $3,799.20 in 2021. This growing trend might indicate an expanding property market and increasing home values. Investors, real estate agents, and appraisers could find this uptick significant as it could reflect the county's overall economic growth and rising demand for residential properties. For those considering moving to McClain County, it's essential to account for potentially high property tax costs, which have consistently escalated. This pattern might also influence insurance considerations and policy pricing.
Percentage of Farm Returns in McClain County, OK Over the Last 10 Years
Over the last decade, the percentage of farm returns in McClain County, Oklahoma fluctuated from highs of around 7.25% in 2013 and 7.40% in 2015 to lows of approximately 6.60% in 2019 and 6.38% in 2020. Farm tax returns reflect the income disclosed by agricultural operations, which can offer insights into the economic vitality of the local farming sector. These trends may suggest shifts in agricultural productivity, profitability, or possibly changing economic conditions affecting farmers. For investors, property builders, or those considering relocating, these variations are worth noting as they can impact economic stability and growth potential in the region.
Number of Mortgages by Occupancy Type in McClain County, OK Over the Last 5 Years in McClain County
In McClain County, Oklahoma, there has been a noticeable fluctuation in the number of mortgages over the past five years, with principal residences consistently leading by a substantial margin. Investment properties have seen moderate increases, indicating a growing interest in rental or resale opportunities. Second residences remain relatively stagnant, suggesting limited use for vacation or secondary homes. Changes in occupancy types may matter significantly to investors and real estate agents as they signal market demand and potential for rental income. Appraisers and insurance agents need to understand these trends for accurate property valuations and risk assessments, while prospective builders can gauge where to focus development efforts. This knowledge is crucial for making informed decisions about property investments and developments in the area.
Economic Outlook
McClain County, Oklahoma has seen a notable trend in average taxable income peaking at $76,568.97 in 2021, following a dip in 2016 and a subsequent steady growth. For real estate professionals, this consistent income growth may signal increasing economic stability and potential for higher property values. Average state and local income taxes have also risen, with spikes to $7,926.76 in 2019 and $9,110.77 in 2021, potentially reflecting policy changes or economic conditions impacting taxpayers.... Read more
Average Taxable Income per Tax Return in McClain County, OK over the last 9 years
McClain County, Oklahoma's average taxable income has generally trended upward over the last nine years, with a notable peak in 2021 at $76,568.97. After a dip in 2016, the income figures have shown a steady recovery and growth, suggesting a potential rise in economic stability. For those considering investments or property developments, this consistent growth can be an encouraging sign of increasing prosperity in the region. Real estate agents and appraisers might find this data useful when assessing market potential and property values, while insurance agents could see implications for adjusted policy premiums based on a wealthier clientele.
Average State and Local Income Taxes Per Tax Return in McClain County, OK Over the Last 10 Years
The average state and local income taxes per tax return in McClain County, Oklahoma have generally increased over the last decade. Notable spikes can be observed in 2019 and 2021, with figures jumping to $7,926.76 and $9,110.77 respectively. Such fluctuations may indicate economic conditions or policy changes affecting taxpayers. Understanding these variations is crucial for potential investors, real estate agents, and those looking to move to or develop property in McClain County, as they could impact overall living costs and investment returns.
Average Total Tax Liability Per Tax Return in McClain County, OK Over the Last 10 Years
Over the past decade, McClain County, Oklahoma has seen some fluctuations in average total tax liability per tax return, with a noticeable peak hitting around $11,636.15 in 2021. Years like 2013 and 2017 also saw higher than typical tax liabilities, each inching over $10,000. However, there were dips below $10,000, indicating some economic variability. For those interested in or living in McClain County, this trend suggests a moderately dynamic economic environment which can be crucial to consider for tax strategic planning, investment decisions, or housing market evaluations.
Cost of Living in McClain County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,176 | $1,395 | $2,071 | $1,299 | $1,366 |
| 1 adult 4 children | $1,176 | $1,140 | $1,585 | $1,299 | $1,468 |
| 2 adults 3 children | $1,176 | $1,140 | $1,796 | $1,299 | $1,126 |
| 1 adult 3 children | $1,176 | $931 | $1,310 | $1,299 | $1,182 |
| 2 adults 2 children | $883 | $933 | $1,522 | $1,156 | $933 |
| 1 adult 2 children | $883 | $697 | $1,036 | $1,156 | $888 |
| 2 adults 1 child | $883 | $738 | $1,247 | $691 | $873 |
| 1 adult 1 child | $883 | $476 | $761 | $691 | $729 |
| 2 adults | $713 | $593 | $973 | $0 | $698 |
| 1 adult | $673 | $323 | $486 | $0 | $583 |
Safety trends & Data
McClain County, Oklahoma sees fluctuating motor vehicle thefts, peaking at 22.00 in 2018 before dropping to 12.00 in 2022, with burglary numbers dropping significantly to 7.00 in 2021 but rising to 10.00 in 2022. Larceny-theft arrests stayed stable in the mid-teens, whereas fraud cases spiked in 2019, hinting at anomalies or targeted activities. These trends could impact property investment risk assessments and insurance... Read more
Property Crime Trends in McClain County, OK Over the Last 5 Years
Property crime trends in McClain County, Oklahoma over the last five years reveal varied patterns. Motor Vehicle Theft shows noticeable fluctuation with a peak of 22.00 in 2018, dropping to 12.00 by 2022. Burglary numbers remained stable at around 14.00 through 2018 and 2019 but dropped significantly to 7.00 in 2021, then rose to 10.00 in 2022. Meanwhile, Larceny - Theft arrests consistently hovered around the mid-teens, illustrating a relatively stable issue. Fraud cases spiked in 2019, hinting at potential anomalies or targeted criminal activities. Factors contributing to these dynamics could influence property investment risk assessments and insurance premiums.
Demographics
McClain County, Oklahoma's adult population is relatively balanced with males and females nearly equal in number. There is a notable portion of the population with only a high school education or some college experience, suggesting potential opportunities for higher education initiatives. Age distribution skews slightly towards the 35 to 64-year range, indicating a substantial working-age population. Racially, it's predominantly White, but there's a small yet significant presence of American... Read more
Race Distribution in McClain County, Oklahoma (2022)
Educational Attainment in McClain County, Oklahoma (2022)
Age Distribution in McClain County, Oklahoma
Citizen Population in McClain County, Oklahoma (2022)
Political Trends & Data
McClain County, Oklahoma, showed a dominant preference for the Republican Party in the 2020 U.S. Presidential Election, highlighting a conservative stronghold. The notable lack of support for Democrats and marginal interest in Libertarians and other parties may shape local political strategies and policies, reflecting a right-leaning electorate. This conservative tilt could influence everything from zoning laws to local business... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
McClain County, Oklahoma, saw a strong preference for the Republican Party in the 2020 U.S. Presidential Election, which might suggest a solid conservative base. Democrats received notably fewer votes, with Libertarians and other parties capturing only marginal interest. This voting pattern could indicate a predominantly right-leaning electorate, potentially influencing local political strategies and policies.
79.51% of voters voted for the Republican party in the 2020 Presidential Election
18.62% of voters voted for the Democrat party in the 2020 Presidential Election
1.23% 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
McClain County, Oklahoma's student-to-teacher ratio has been between 16 and 17.5 over the past decade, slightly higher than the national average of 14. Spikes in 2017, 2018, and 2023 suggest periods of increased student population or challenges in teacher retention. This trend could be notable for homebuyers with school-aged children, appraisers considering school quality in valuations, and real estate agents marketing properties. Higher ratios may also impact educational outcomes and resource... Read more
Student-to-teacher ratio in Mcclain County, Oklahoma over the last 10 years
McClain County, Oklahoma's student-to-teacher ratio has fluctuated over the past decade, generally hovering between 16 and 17.5, which is slightly above the national average of 14 students per teacher. Spikes in ratios, particularly in 2017, 2018, and 2023, suggest occasional increases in student population or perhaps challenges in attracting and retaining teachers. These trends might influence decisions for potential homebuyers with school-aged children, appraisers assessing property values based on school quality, and even real estate agents marketing homes in the area. The relatively higher ratios might also carry implications for educational outcomes and resource allocation within schools, which could be a consideration for families moving to the area.
