Murray County Real Estate and Livability Trends
Murray County, Oklahoma is seeing a surge in average taxable income, rising from $47,653.81 in 2013 to $58,917.73 in 2021, indicating new economic opportunities. Median home values have jumped from $88,500 in 2015 to $148,200 in 2022, surpassing state and national growth. Notably, the average residential energy tax credit leaped to $2,833.33 in 2021, suggesting a push towards energy-efficient... Read more
Murray County Market Trends
Murray County, Oklahoma has seen a notable rise in median home values, leaping from $88,500 in 2015 to $148,200 in 2022, outpacing state and national growth trends. The average residential energy tax credit per tax return soared to $2,833.33 in 2021, hinting at increased investment in energy-efficient home improvements. Real estate taxes have also significantly increased, doubling from $1,027.50... Read more
Median Value of Occupied Housing Units in Murray County, Oklahoma Over the Last 8 Years
Murray County, Oklahoma, has seen a significant rise in median home values over the past eight years, jumping from $88,500 in 2015 to $148,200 in 2022. This represents a robust growth compared to both the broader state of Oklahoma, where the 2022 median was $170,500, and national figures, which reached $179,400. For investors and homebuyers eyeing potential growth areas or more affordable markets relative to national averages, Murray County offers intriguing prospects.
Residential Energy Tax Credit Per Tax Return in Murray County, OK Over the Last 7 Years
Over the past seven years, Murray County, Oklahoma has seen a notable increase in the average residential energy tax credit per tax return. Starting at $290.00 in 2013, fluctuations included a significant rise to $450.00 in 2016 and then a dramatic leap to $1,525.00 in 2020, culminating at $2,833.33 in 2021. This trend may suggest growing investments in energy-efficient home improvements, indicating a market with increasing awareness and adoption of sustainability practices. This evolving landscape could be of particular interest to real estate agents, insurers, appraisers, and prospective homeowners looking to capitalize on energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Murray County, OK Over the Last 10 Years
Murray County, Oklahoma has seen a notable increase in average real estate taxes per tax return over the past decade. Beginning at $1,027.50 in 2012, these taxes have more than doubled by 2020, peaking at $2,236.84 before a slight drop to $2,220.00 in 2021. This upward trend may indicate rising property values and potential growth opportunities, making the area potentially attractive for investors, new residents, and those in the property market. Appraisers and insurance agents especially might see value in adjusting their operations to reflect these changes.
Percentage of Farm Returns in Murray County, OK Over the Last 10 Years
In Murray County, Oklahoma, the percentage of farm tax returns has mostly hovered around 9.00% over the last decade, showing minimal fluctuations. Farm tax returns indicate the proportion of taxpayers reporting income from farming activities, a relevant metric that suggests agriculture's role in the local economy. For investors, builders, and potential residents, understanding this stable trend can signal strong agricultural roots and potential opportunities in agribusiness.
Number of Mortgages by Occupancy Type in Murray County, OK Over the Last 5 Years in Murray County
In Murray County, Oklahoma, mortgage trends over the past five years show fluctuations among different occupancy types. The count for principal residences peaked in 2021 with 524 mortgages but saw a dip to 432 in 2022, suggesting possible market saturation or economic factors influencing home purchases. Investment property mortgages increased from 32 in 2020 to 63 in 2022, indicating growing interest in real estate investment within the county. Second residences have remained relatively stable but low, with slight variations around 19 to 37 mortgages per year. These shifts can impact market values, rental opportunities, and economic forecasts, making them critical for investors, developers, appraisers, and insurance agents to consider.
Economic Outlook
Murray County, Oklahoma is witnessing notable growth in average taxable income per tax return, jumping from $47,653.81 in 2013 to $58,917.73 in 2021, especially post-2018, hinting at new economic opportunities or shifts in local income dynamics. Concurrently, state and local income taxes have seen sharp fluctuations, with peaks in 2018 and 2021 hitting $8,613.64 and $10,122.73 respectively. The variability in total tax liabilities, swinging from $7,071.93 in 2015 to about $8,058.52 in 2021,... Read more
Average Taxable Income per Tax Return in Murray County, OK over the last 9 years
Murray County, Oklahoma has seen a fluctuating but generally upward trend in average taxable income per tax return over the last nine years. From $47,653.81 in 2013 to $58,917.73 in 2021, there appears to be notable growth, particularly post-2018. This could suggest increased economic opportunities or a shift in local income dynamics, making it an interesting spot for investment, new residents, and perhaps even higher property values and demands. Real estate agents and appraisers might want to keep an eye on this trend, as it could influence future market potentials and overall economic health of the area.
Average State and Local Income Taxes Per Tax Return in Murray County, OK Over the Last 10 Years
In Murray County, Oklahoma, the average state and local income taxes per tax return have fluctuated over the past decade, showing a trend of significant increases and decreases. Notably, 2018 saw a sharp rise to $8,613.64, followed by another peak in 2021 at $10,122.73. These numbers are potentially valuable for investors, appraisers, and real estate agents as they reflect economic shifts that could impact property values and insurance calculations. For those considering moving to or investing in Murray County, the variations in tax burdens may influence property affordability and the overall cost of living.
Average Total Tax Liability Per Tax Return in Murray County, OK Over the Last 10 Years
Over the past decade, Murray County, Oklahoma has seen fluctuating average total tax liability per tax return, ranging from a low of approximately $7,071.93 in 2015 to a high of roughly $8,452.09 in 2014. Such variability could indicate changes in local economic conditions or tax policy alterations. For potential investors and real estate professionals, this movement suggests careful consideration of financial planning and property investment strategies. With tax liabilities increasing again in recent years—like reaching $8,058.52 in 2021—anticipating future trends may be crucial for long-term returns and financial health in this area.
Cost of Living in Murray County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $992 | $1,387 | $1,978 | $1,134 | $1,156 |
| 1 adult 4 children | $992 | $1,133 | $1,514 | $1,134 | $1,231 |
| 2 adults 3 children | $992 | $1,133 | $1,715 | $1,134 | $930 |
| 1 adult 3 children | $992 | $925 | $1,251 | $1,134 | $960 |
| 2 adults 2 children | $815 | $928 | $1,453 | $1,000 | $830 |
| 1 adult 2 children | $815 | $693 | $989 | $1,000 | $758 |
| 2 adults 1 child | $815 | $733 | $1,190 | $566 | $783 |
| 1 adult 1 child | $815 | $474 | $726 | $566 | $627 |
| 2 adults | $619 | $589 | $928 | $0 | $621 |
| 1 adult | $615 | $321 | $464 | $0 | $545 |
Safety trends & Data
Murray County, Oklahoma, has experienced variable property crime rates, impacting real estate dynamics. Burglary incidents hit highs of 12.00 in 2019 and 2021 but dipped to 7.00 in 2020. Larceny-Theft, the most common crime, saw a significant drop from 25.00 in 2019 to 7.00 in 2021. Vandalism remains a concern with sporadic increases like 4.00 cases in 2022, forcing property owners and investors to remain vigilant about potential... Read more
Property Crime Trends in Murray County, OK Over the Last 5 Years
Murray County, Oklahoma has seen fluctuating property crime rates over the past five years. Burglary incidents have varied, peaking at 12.0 cases in 2019 and 2021, while dipping to 7.0 in 2020. Larceny-Theft remains the most prevalent crime, with a high of 25.0 cases in 2019 but dropping significantly to 7.0 in 2021. Motor Vehicle Theft incidents are relatively minor but have shown a slight increase in 2020. An emerging concern, Vandalism, has mostly stayed consistent, with occasional spikes such as 4.0 cases in 2022, indicating potential issues for property owners and investors.
Demographics
Murray County appears to have a nearly even split between males and females, suggesting a balanced gender demographic. Educational attainment trends show a significant portion of the population with at least a high school diploma, indicating a moderately educated community, though there's room for growth in higher education opportunities. The age distribution highlights a sizable elderly population, which may signal future demands for senior services and healthcare. Racially, the county is... Read more
Race Distribution in Murray County, Oklahoma (2022)
Educational Attainment in Murray County, Oklahoma (2022)
Age Distribution in Murray County, Oklahoma
Citizen Population in Murray County, Oklahoma (2022)
Political Trends & Data
Murray County in Oklahoma displayed strong conservative tendencies in the 2020 U.S. Presidential Election, with nearly 78% of the vote potentially supporting the Republican candidate and around 20% for the Democrats. This pronounced political leaning likely plays a role in shaping local policies and community sentiment, providing a unique backdrop for real estate trends in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Murray County in Oklahoma leaned heavily Republican in the 2020 U.S. Presidential Election, showing an overwhelming preference with nearly 78% of the vote potentially going to the Republican candidate. On the other hand, Democratic support was significantly lower, possibly around 20%, with other parties like the Libertarian and various minor parties barely making a dent. This suggests a strong conservative presence in the area, likely influencing local policies and community outlooks.
78.25% of voters voted for the Republican party in the 2020 Presidential Election
19.61% of voters voted for the Democrat party in the 2020 Presidential Election
1.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.87% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, the student-to-teacher ratio in Murray County, Oklahoma has generally remained above the national average of 14, peaking at 17 in 2023 and hitting a low of 15 in 2014. This trend suggests larger class sizes, which might impact the level of personalized attention students receive and potentially influence property values and community allure. For investors, real estate agents, and those contemplating a move, these educational indicators could offer insights into the area's... Read more
Student-to-teacher ratio in Murray County, Oklahoma over the last 10 years
The student-to-teacher ratio in Murray County, Oklahoma has fluctuated over the past decade, ranging from a low of around 15 in 2014 to a peak of 17 in 2023. Notably, for most of the past ten years, the ratio hovered above the national average of 14 students per teacher, indicating larger class sizes which could impact personalized attention in classrooms. This trend is particularly relevant for potential investors, real estate agents, and those considering a move to the area, as educational quality might influence property values and community appeal. Appraisers, insurance agents, and builders should also take these ratios into account, as they can reflect community investment in education and forecast long-term demographic trends.
