Oklahoma County Real Estate and Livability Trends
Oklahoma County's real estate market has experienced significant growth, with median home values climbing from $133,400 in 2015 to $190,500 by 2022, surpassing state and national trends. Increasing real estate taxes, nearly doubling over the past decade, correlate with this rise in property values. Mortgage activity for principal residences surged in 2020 then markedly declined by 2022, while... Read more
Oklahoma County Market Trends
Oklahoma County's median home value increased from $133,400 in 2015 to $190,500 by 2022, outpacing both the state and national averages. Energy tax credits in the area have fluctuated, peaking dramatically at $2,406.35 per tax return in 2018 but stabilizing between $1,300-$1,600 in subsequent years, reflecting potential financial incentives for energy-efficient upgrades. Real estate taxes nearly... Read more
Median Value of Occupied Housing Units in Oklahoma County, Oklahoma Over the Last 8 Years
The median home value in Oklahoma County, Oklahoma has generally trended upward over the past eight years, starting from $133,400 in 2015 and reaching $190,500 by 2022. This increase outpaces the overall state of Oklahoma, which moved from $117,900 to $170,500, and the national median, which rose from $125,500 to $179,400 in the same timeframe. For those eyeing investments or relocation in Oklahoma County, this consistent appreciation could signal robust market health compared to broader state and national metrics.
Residential Energy Tax Credit Per Tax Return in Oklahoma County, OK Over the Last 9 Years
In Oklahoma County, Oklahoma, residential energy tax credits have exhibited notable fluctuations over the past nine years. From 2013 to 2017, average credits per tax return increased steadily from approximately $421.85 to $630.33. However, 2018 saw a substantial spike to $2406.35, likely driven by policy changes or increased adoption of energy-efficient improvements. Following this peak, the figures dipped and began to stabilize around the $1300-$1600 range from 2019 to 2021. This volatility could be critical for investors and homeowners focusing on energy-efficient upgrades as it reflects potential savings and incentives that might impact financial planning and property valuation.
Average Real Estate Taxes Per Tax Return in Oklahoma County, OK Over the Last 10 Years
Real estate taxes per tax return in Oklahoma County, Oklahoma have experienced a noticeable increase over the past decade, nearly doubling from $2,819.80 in 2012 to $5,495.65 in 2021. Particularly notable is the sharp rise between 2017 and 2018, where taxes jumped from $3,666.15 to $4,831.58. This trend could hint at rising property values and may impact decisions for potential buyers, real estate investors, appraisers, and developers. Understanding these upward trends is crucial for anyone involved in real estate activities in the county.
Percentage of Farm Returns in Oklahoma County, OK Over the Last 10 Years
The percentage of farm tax returns in Oklahoma County over the last decade shows a gradual decline, from approximately 0.74% in 2012 to around 0.66% in 2021. Farm tax returns offer insights into the agricultural economic activity within the county, reflecting both the financial health of farms and the changing dynamics of rural livelihoods. For investors, this trend may indicate shifting land use patterns and potential opportunities or challenges in agribusiness. For residents and those looking to build property, understanding these dynamics could help navigate economic prospects and real estate planning in the area.
Number of Mortgages by Occupancy Type in Oklahoma County, OK Over the Last 5 Years in Oklahoma County
Over the past five years in Oklahoma County, Oklahoma, there has been a noticeable fluctuation in mortgage counts for various occupancy types. Principal residences saw the highest mortgage activity, peaking in 2020 with 45,357 mortgages but dropping significantly to 29,468 in 2022. Investment properties reflected a somewhat stable trend, although they slightly declined from 6,357 in 2021 to 5,538 in 2022. Mortgages for second residences consistently recorded the lowest numbers, underscoring a relatively minor market segment. Understanding shifts in occupancy types impacts investments and property valuations, as they can signal economic conditions and housing demand trends. Investors might interpret rising investment property mortgages as a profitable venture opportunity, while a decrease in principal residence mortgages could suggest market cooling or shifting buyer priorities. Appraisers and insurance agents may also leverage these trends for accurate risk assessment and pricing strategies. For developers and real estate agents, these statistics guide decisions on project viability and marketing approaches.
Economic Outlook
Oklahoma County's average taxable income per tax return has grown from $62,765.36 in 2013 to $81,147.10 in 2021, suggesting economic resilience. Meanwhile, state and local income taxes per return have risen from $7,062.27 in 2012 to $13,038.64 in 2021, a potential indicator of shifting tax policies. Average total tax liabilities also saw peaks, notably in 2015 and 2021, pointing to rising incomes. Poverty rates have fluctuated, peaking at 15.9% in 2013 and 2014, then dipping to 14.2% in 2019,... Read more
Average Taxable Income per Tax Return in Oklahoma County, OK over the last 9 years
Oklahoma County has experienced fluctuating, yet generally increasing, average taxable income per tax return over the last nine years. From $62,765.36 in 2013 to $81,147.10 in 2021, there has been a notable upward trend with some variability. This growth could attract potential investors and new residents, as it suggests economic resilience and potential for prosperity. For appraisers, insurance agents, and real estate developers, understanding these income trends helps in making informed decisions about property values and market conditions.
Average State and Local Income Taxes Per Tax Return in Oklahoma County, OK Over the Last 10 Years
Over the past decade, Oklahoma County, Oklahoma has seen a notable increase in average state and local income taxes per tax return. From around $7,062.27 in 2012, there was a steady climb to about $13,038.64 in 2021. The significant jump particularly observed from 2017 onwards, jumping from $7,827.03 to $11,448.41 in 2018, might indicate shifts in tax policies or economic changes impacting taxpayers. This upward trend may have considerable implications for potential investors, residents, and real estate professionals considering the tax climate when making financial decisions in the area.
Average Total Tax Liability Per Tax Return in Oklahoma County, OK Over the Last 10 Years
Over the past decade, Oklahoma County has seen fluctuations in the average total tax liability per tax return, with notable peaks in 2015 at $14,386.36 and a sharp rise to $15,128.46 in 2021. Investors and appraisers might find these trends significant as they somewhat reflect the region's economic health and possibly the rising incomes within the area. Real estate agents and builders could infer that increasing tax liabilities might be associated with property value appreciation, making Oklahoma County potentially attractive for development and investment.
Cost of Living in Oklahoma County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,329 | $1,508 | $1,849 | $1,521 | $1,380 |
| 1 adult 4 children | $1,329 | $1,232 | $1,413 | $1,521 | $1,485 |
| 2 adults 3 children | $1,329 | $1,232 | $1,605 | $1,521 | $1,142 |
| 1 adult 3 children | $1,329 | $1,006 | $1,169 | $1,521 | $1,207 |
| 2 adults 2 children | $998 | $1,008 | $1,360 | $1,353 | $930 |
| 1 adult 2 children | $998 | $753 | $925 | $1,353 | $891 |
| 2 adults 1 child | $998 | $797 | $1,116 | $809 | $856 |
| 1 adult 1 child | $998 | $515 | $680 | $809 | $720 |
| 2 adults | $806 | $640 | $872 | $0 | $654 |
| 1 adult | $761 | $349 | $436 | $0 | $553 |
Safety trends & Data
Oklahoma County, Oklahoma has seen a notable decline in burglary and larceny-theft over the past five years, with burglary incidents dropping from 685 in 2018 to 575 in 2022. However, motor vehicle theft has been more erratic, peaking at 739 incidents in 2020 before falling to 457 in 2022. These trends are crucial for investors, developers, and residents to consider when assessing safety and risk factors in property investments and living... Read more
Property Crime Trends in Oklahoma County, OK Over the Last 5 Years
Property crime trends in Oklahoma County, Oklahoma over the past five years reveal a notable decline in key areas such as burglary and larceny-theft, although categories like motor vehicle theft and vandalism have seen fluctuations. For instance, burglary incidents decreased from 685 in 2018 to 575 in 2022. On the other hand, motor vehicle theft experienced a relative high point in 2020 with 739 incidents, compared to 457 in 2022. Understanding these nuanced trends matters for prospective investors, developers, and residents for assessing the safety and risk factors associated with property investments and living conditions in the area.
Demographics
Oklahoma County, Oklahoma shows a slight majority of females over males in its adult population. The educational attainment ranges widely, with a substantial portion having high school diplomas or some college education, though a significant number have completed bachelor's or graduate degrees. Age distribution highlights a young median population, with a notable concentration in the 25 to 34-year age bracket, suggesting a potential workforce boost. The racial composition is predominantly... Read more
Race Distribution in Oklahoma County, Oklahoma (2022)
Educational Attainment in Oklahoma County, Oklahoma (2022)
Age Distribution in Oklahoma County, Oklahoma
Citizen Population in Oklahoma County, Oklahoma (2022)
Political Trends & Data
Oklahoma County, Oklahoma, showed near parity in political alignment during the 2020 Presidential Election, with Republicans receiving roughly 49.2% of the vote and Democrats about 48.1%. This near-even split hints at a competitive and possibly evolving political environment. Third-party candidates had little impact, underscoring a strong two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oklahoma County, Oklahoma, exhibited a marginal preference for Republican candidates with nearly 49.2% of the vote in the 2020 Presidential Election, while Democrats garnered approximately 48.1%. Libertarian and other parties collectively captured a small fraction of the electorate, suggesting a predominantly two-party dynamic with minimal third-party influence. This close competition between major parties could indicate a potentially shifting political landscape in the region.
49.21% of voters voted for the Republican party in the 2020 Presidential Election
48.08% of voters voted for the Democrat party in the 2020 Presidential Election
1.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.91% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Oklahoma County, Oklahoma hit an unusual high of thirty-seven in 2021, far above the national average of fourteen. This variability might reflect shifts in educational funding, population dynamics, or policy changes. Such factors are critical for families, real estate agents, and investors, as a higher ratio could indicate challenges in teacher recruitment or retention, potentially affecting property values and community... Read more
Student-to-teacher ratio in Oklahoma County, Oklahoma over the last 10 years
The student-to-teacher ratio in Oklahoma County, Oklahoma has experienced notable fluctuations over the past decade, peaking dramatically at thirty-seven in 2021, markedly higher than the national average of fourteen. This ratio can affect everything from classroom management to individual student attention, influencing both academic outcomes and teacher workload. Such variability is crucial for potential investors, real estate agents, and families considering moving to the area as it may signal underlying shifts in educational funding, population changes, or policy adjustments. Naturally, a higher ratio might suggest potential issues with teacher recruitment or retention, which could impact property values and community stability.
