Nowata County Real Estate and Livability Trends
In Nowata County, Oklahoma, median home values climbed from $76,300 in 2015 to $113,100 in 2022, portraying an affordable yet appreciating market. Economic indicators like an increase in average taxable income from $43,850 in 2013 to $51,714 in 2021, along with rising average state and local income taxes, suggest potential economic uplift. A noted uptick in farm tax returns implies growing... Read more
Nowata County Market Trends
Median home values in Nowata County, Oklahoma have seen a notable increase from $76,300 in 2015 to $113,100 in 2022, yet still trail behind state and national medians, posing a more affordable market with promising appreciation. Fluctuating residential energy tax credits, spiking to $800.00 in 2021, hint at rising investments in energy-efficient upgrades. Real estate taxes have climbed steadily... Read more
Median Value of Occupied Housing Units in Nowata County, Oklahoma Over the Last 8 Years
Median home values in Nowata County, Oklahoma have shown a consistent upward trend over the past eight years, climbing from $76,300 in 2015 to $113,100 in 2022. Despite this growth, Nowata County’s median values remain lower compared to state and national figures, with Oklahoma reaching $170,500 and the U.S. hitting $179,400 in 2022. This gap might suggest a more affordable market for potential investors or homebuyers compared to broader trends, while still demonstrating significant local value appreciation.
Residential Energy Tax Credit Per Tax Return in Nowata County, OK Over the Last 5 Years
Nowata County, Oklahoma has seen significant fluctuations in residential energy tax credits claimed per tax return over the past five years. The average credit started at approximately $266.67 in 2013, with peaks and troughs in subsequent years—$400.00 in 2014, $250.00 in 2015, and $466.67 in 2016. Notably, 2021 marked a substantial increase, reaching $800.00. This trend may suggest a growing investment in energy-efficient home improvements and appliances, which could be of interest to those planning to invest in property, appraise real estate, or move to the area.
Average Real Estate Taxes Per Tax Return in Nowata County, OK Over the Last 10 Years
Over the past decade, the average real estate taxes per tax return in Nowata County, Oklahoma have experienced a steady climb. Starting from $1216.13 in 2012, there is a noticeable rise to $1950.00 in 2021, suggesting a general upward trend with minor fluctuations along the way. This gradual increase in property taxes could potentially impact the overall cost of living and appeal to investors, appraisers, and real estate agents considering the area for development or settlement.
Percentage of Farm Returns in Nowata County, OK Over the Last 10 Years
Nowata County, Oklahoma has seen a mild but consistent increase in the percentage of farm tax returns over the past decade, peaking at roughly 17.78% in 2018. Farm tax returns, a critical indicator of the economic health of the agricultural sector, reflect the proportion of tax filings that are linked to farming activities. This generally steady climb could signal a growing agricultural presence, making Nowata County an interesting prospect for those considering agricultural investments or rural property development. While recent years have shown slight fluctuations, maintaining a keen eye on these trends could provide valuable insights for future economic planning and investment strategies.
Number of Mortgages by Occupancy Type in Nowata County, OK Over the Last 5 Years in Nowata County
In Nowata County, Oklahoma, the number of mortgages for principal residences has consistently been the highest over the past five years, peaking at 347 in 2022. This trend suggests that the county's housing market is driven predominantly by homeowners rather than investors or those seeking secondary residences. Investment property mortgages have remained relatively stable but low, indicating less speculative interest. The fluctuation in the number of second residence mortgages is minimal, showing limited demand for vacation or secondary homes. These shifts in occupancy type can impact local market dynamics, influence property values, affect investment strategies, and alter risk assessments for insurers and lenders. For those looking to invest or move to the area, understanding these trends can inform better decisions and opportunities in property development or real estate sales.
Economic Outlook
In Nowata County, Oklahoma, the average taxable income per tax return seems to have risen from $43,850 in 2013 to $51,714 in 2021, suggesting a slow yet steady economic uplift. Additionally, average state and local income taxes per return have climbed from $4,649.18 in 2012 to $8,125.00 by 2021, while the average total tax liability per return has increased to $6,561.76. These trends might reflect economic growth or policy shifts, potentially boosting real estate values, although fluctuations... Read more
Average Taxable Income per Tax Return in Nowata County, OK over the last 9 years
Over the past nine years in Nowata County, Oklahoma, the average taxable income per tax return appears to have generally trended upwards, rising from around $43,850 in 2013 to approximately $51,714 in 2021. This increase could indicate a slow but steady economic improvement in the area. For those looking to invest, build property, or move to Nowata County, these trends may suggest potentially increasing property values and a growing local economy. Real estate agents and insurance agents might find this data useful for appraisals and policy assessments, respectively.
Average State and Local Income Taxes Per Tax Return in Nowata County, OK Over the Last 10 Years
Over the past decade, Nowata County in Oklahoma has seen a noticeable rise in average state and local income taxes per tax return, starting at roughly $4,649.18 in 2012 and increasing to $8,125.00 by 2021. This trend might imply economic growth or policy changes, potentially affecting living costs and investment attractiveness. Long-term increases like these could indicate shifts in local income levels or fiscal adjustments by state and local governments, possibly influencing decisions for investors, new residents, and real estate professionals.
Average Total Tax Liability Per Tax Return in Nowata County, OK Over the Last 10 Years
Over the past decade, Nowata County in Oklahoma has seen a generally increasing trend in average total tax liability per tax return, peaking at approximately $6,561.76 in 2021. The lowest average was around $5,574.67 in 2012, suggesting a steady upward movement with some fluctuations. This trend could imply a growing economic base or rising incomes, potentially making the area more appealing for investors and real estate agents. However, the year-to-year variability warrants careful consideration for appraisers and insurance agents assessing long-term values and risks.
Cost of Living in Nowata County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,031 | $1,480 | $1,893 | $1,047 | $1,142 |
| 1 adult 4 children | $1,031 | $1,209 | $1,448 | $1,047 | $1,191 |
| 2 adults 3 children | $1,031 | $1,209 | $1,642 | $1,047 | $912 |
| 1 adult 3 children | $1,031 | $987 | $1,197 | $1,047 | $910 |
| 2 adults 2 children | $797 | $990 | $1,391 | $923 | $778 |
| 1 adult 2 children | $797 | $739 | $946 | $923 | $691 |
| 2 adults 1 child | $797 | $782 | $1,140 | $522 | $741 |
| 1 adult 1 child | $797 | $505 | $695 | $522 | $604 |
| 2 adults | $605 | $628 | $889 | $0 | $611 |
| 1 adult | $601 | $343 | $445 | $0 | $540 |
Safety trends & Data
In Nowata County, Oklahoma, property crime trends show notable fluctuations over the past five years, with burglary peaking sharply in 2019, then dropping significantly by 2021. Larceny-theft arrests hit a high in 2020 but fell almost to zero in the following years. Motor vehicle theft remained low yet steady. These patterns may be key considerations for real estate investors and insurers, highlighting the county's unpredictable property crime... Read more
Property Crime Trends in Nowata County, OK Over the Last 5 Years
Over the past five years in Nowata County, Oklahoma, property crime trends reveal fluctuating levels in various crime categories. Burglary saw a significant spike in 2019 with 10 arrests, dropping sharply to just one in 2021, and slightly rising to two in 2022. Larceny-Theft displayed an irregular pattern, peaking at nine arrests in 2020 but declining to just one in subsequent years. Notably, motor vehicle theft cases remained relatively low but consistent, while arrests for vandalism and possession of stolen property also showed variability. These trends might be essential for those targeting real estate investment, insurance assessments, or considering relocation, as they suggest an overall volatility in property crime rates.
Demographics
Nowata County, Oklahoma's demographic trends reveal a relatively balanced gender composition and a significant proportion of the population comprising older adults, particularly those aged 55 to 64 years. Educational attainment skews toward high school graduates without further degrees, which might impact economic growth and job market dynamics. Racial diversity shows a predominant presence of White residents, followed by a notable representation of American Indian and Alaska Native... Read more
Race Distribution in Nowata County, Oklahoma (2022)
Educational Attainment in Nowata County, Oklahoma (2022)
Age Distribution in Nowata County, Oklahoma
Citizen Population in Nowata County, Oklahoma (2022)
Political Trends & Data
Nowata County, Oklahoma, saw a significant lean towards conservative values during the 2020 U.S. Presidential Election, with about 82.21% of votes going to the Republican candidate. Democrats captured roughly 16.21%, and Libertarians 1.23%. This strong Republican support could influence local policies and community perspectives, potentially affecting real estate market trends, such as development priorities and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Nowata County, Oklahoma, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican candidate, capturing an estimated 82.21% of the vote. Democrats, by contrast, garnered around 16.21%, while Libertarians accounted for approximately 1.23%. Voters seem to show overwhelming support for conservative values, possibly suggesting a strong Republican presence that might influence local policies and community perspectives.
82.21% of voters voted for the Republican party in the 2020 Presidential Election
16.21% 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
0.34% of voters voted for the Other party in the 2020 Presidential Election
School Data
Nowata County, Oklahoma has seen its student-to-teacher ratio peak at 15 students per teacher in 2021 and 2023, with a low of 14 in 2019. These fluctuations could attract families seeking personalized education experiences. Though slightly above the national average of 14, these variances might catch the eye of investors, real estate agents, and appraisers considering the potential impact on community attractiveness and property... Read more
Student-to-teacher ratio in Nowata County, Oklahoma over the last 10 years
Over the last decade, Nowata County, Oklahoma has seen fluctuations in its student-to-teacher ratio, peaking at 15 students per teacher in 2021 and 2023, and dipping to a low of 14 in 2019. These trends affecting the local education environment are significant for potential investors, residents, and real estate agents, as a lower student-to-teacher ratio can suggest a more personalized education experience, potentially making the area more attractive to families. Compared to the national average of 14 students per teacher, Nowata's slightly higher ratios may be a consideration for those prioritizing education quality. Additionally, appraisers and insurance agents might factor these ratios into property values and risk assessments, given their influence on community attractiveness.
