Payne County Real Estate and Livability Trends
Payne County, Oklahoma has seen a rise in average taxable income per tax return to nearly $68,900 by 2021, signaling a potential boost in residents' purchasing power and investment opportunities. Median home values have climbed significantly from $135,600 in 2015 to $196,100 in 2022, possibly suggesting profitable prospects for real estate investors. Property crime rates have shown volatility,... Read more
Payne County Market Trends
Payne County, Oklahoma's median home values have seen a notable rise from $135,600 in 2015 to $196,100 in 2022, outpacing state and national growth. This trend indicates potentially lucrative opportunities for real estate investors. Fluctuations in the Residential Energy Tax Credit, peaking at $2725.00 in 2018, suggest irregular but significant interest in energy-efficient home improvements,... Read more
Median Value of Occupied Housing Units in Payne County, Oklahoma Over the Last 8 Years
Over the last eight years, Payne County, Oklahoma has experienced a steady increase in median home values, culminating in a surge from $135,600 in 2015 to $196,100 in 2022. This growth outpaces both state and national trends, where Oklahoma's median value increased from $117,900 to $170,500, and the national median rose from $125,500 to $179,400 during the same period. This makes Payne County an interesting prospect for real estate investors and those considering a move, suggesting potentially lucrative opportunities and a competitive housing market.
Residential Energy Tax Credit Per Tax Return in Payne County, OK Over the Last 9 Years
Over the past nine years in Payne County, Oklahoma, there's been considerable fluctuation in the average Residential Energy Tax Credit per tax return. Notably, 2018 stands out with a peak average of $2725.00, indicating a potential surge in energy-efficient home improvements or installations. Years like 2016 and 2021 also show relatively high averages, at $1073.33 and $1857.89 respectively, which suggests some sustained interest in leveraging energy tax credits. The erratic trend could signal to investors, builders, and real estate agents that homeowner interest in energy efficiency is inconsistent but can spike dramatically, possibly in response to new incentives or changing energy costs. This variability may influence future appraisals and insurance assessments, as properties with recent energy-efficient upgrades might hold added value.
Average Real Estate Taxes Per Tax Return in Payne County, OK Over the Last 10 Years
Average real estate taxes per tax return in Payne County, Oklahoma have seen a gradual increase over the last decade. Starting at around $2,137.58 in 2012, taxes have climbed steadily each year, reaching approximately $3,748.68 by 2021. A notable rise occurred between 2017 and 2018, where the average jumped from $2,566.90 to $3,375.00. This upward trend may impact property investment decisions and financial planning for current and prospective homeowners, as well as influence appraisals and insurance assessments.
Percentage of Farm Returns in Payne County, OK Over the Last 10 Years
Farm tax returns in Payne County, Oklahoma have shown slight fluctuations over the past decade, peaking at 5.71% in 2016 and dropping to a low of 4.91% in 2020. The most recent data from 2021 indicates a minor rebound to 5.01%. This trend suggests some volatility in the agricultural sector's profitability or reporting within the county. For those considering investing, moving, or developing property in Payne County, understanding these subtle shifts in farm returns could be key to making informed decisions.
Number of Mortgages by Occupancy Type in Payne County, OK Over the Last 5 Years in Payne County
Payne County, Oklahoma has shown fluctuations in mortgage counts by occupancy type over the past five years, with the number of principal residence mortgages peaking in 2021 and dipping significantly in 2022. Investment properties and second residences have also seen varying trends but remain relatively lower compared to principal residences. Understanding these shifts in occupancy type can help investors and real estate agents gauge market health and potential returns on different property types. For appraisal and insurance purposes, knowing the predominance of principal residences versus investment properties can influence property valuations and risk assessments. Those looking to build or move to Payne County can consider these trends to make informed decisions about the local housing market and its future directions.
Economic Outlook
Payne County, Oklahoma has witnessed a steady rise in average taxable income per tax return, nearly hitting $68,900 by 2021, which could indicate a strengthening economy and more disposable income for residents. This trend may present lucrative opportunities for real estate and investment, given the increased purchasing power. Additionally, state and local income taxes per tax return have climbed from $5,502.74 in 2012 to $9,161.54 in 2021, showcasing potential shifts in economic conditions or... Read more
Average Taxable Income per Tax Return in Payne County, OK over the last 9 years
Over the past nine years, Payne County, Oklahoma has seen a steady increase in average taxable income per tax return, nearly reaching $68,900 by 2021. This growth trend, even amidst fluctuations, might imply economic strengthening and potentially more disposable income among residents. For real estate agents and investors, this could signal a more lucrative market with higher purchasing power. Appraisers and insurance agents should note the higher valuations and adjusted premiums that may accompany rising incomes. Those considering moving to the area might find this financial stability appealing for both personal and professional reasons.
Average State and Local Income Taxes Per Tax Return in Payne County, OK Over the Last 10 Years
Over the last decade, Payne County, Oklahoma has experienced an upward trend in average state and local income taxes per tax return. Starting at $5,502.74 in 2012, the figure gradually increased, peaking at $9,161.54 in 2021. Notable jumps occurred in 2018 and 2019, with taxes per return jumping to $8,443.48 and $9,122.22 respectively. Such fluctuations may suggest changing economic conditions or tax policies, making this region of particular interest for potential investors and financial professionals looking to understand shifting tax burdens on the local populace.
Average Total Tax Liability Per Tax Return in Payne County, OK Over the Last 10 Years
Over the past decade, Payne County, Oklahoma has seen a fluctuating trend in the average total tax liability per tax return, peaking at $11,582.42 in 2021. Interestingly, despite a dip in 2019 to $9,217.63, there is generally an upward trend, which could indicate economic growth or changes in tax policy affecting residents. This variability and overall increase matter for potential investors, home buyers, and professionals in the real estate and insurance sectors, as it may impact the financial landscape and cost of living in the area.
Cost of Living in Payne County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,248 | $1,444 | $1,885 | $1,420 | $1,297 |
| 1 adult 4 children | $1,248 | $1,179 | $1,442 | $1,420 | $1,397 |
| 2 adults 3 children | $1,248 | $1,179 | $1,635 | $1,420 | $1,065 |
| 1 adult 3 children | $1,248 | $963 | $1,192 | $1,420 | $1,123 |
| 2 adults 2 children | $897 | $965 | $1,385 | $1,253 | $866 |
| 1 adult 2 children | $897 | $721 | $942 | $1,253 | $786 |
| 2 adults 1 child | $897 | $763 | $1,135 | $708 | $778 |
| 1 adult 1 child | $897 | $493 | $693 | $708 | $643 |
| 2 adults | $747 | $613 | $885 | $0 | $618 |
| 1 adult | $698 | $334 | $443 | $0 | $536 |
Safety trends & Data
Payne County, Oklahoma's property crime trends demonstrate volatility over the past five years, with burglary and larceny-theft incidents peaking intermittently. Motor vehicle theft has shown an alarming increase, rising to 19.0 arrests in 2020 from 7.0 in 2018. Additionally, vandalism arrests jumped to 30.0 in 2021, and forgery and counterfeiting arrests spiked to 19.0 in 2022. These fluctuations could be significant for investors, real estate agents, and insurance agents when assessing risk... Read more
Property Crime Trends in Payne County, OK Over the Last 5 Years
Property crime trends in Payne County, Oklahoma show volatile shifts over the past five years. While burglary and larceny-theft incidents peak intermittently, motor vehicle theft shows a concerning upward trend, hitting 19.0 arrests in 2020 from 7.0 in 2018. Vandalism incidents saw a noticeable increase in 2021, reaching 30.0 arrests. Forgery and counterfeiting arrests spiked in 2022 to 19.0, highlighting potential policy or economic shifts impacting crime rates. Stakeholders like investors, real estate agents, and insurance agents might find these fluctuations significant for assessing risk and property values.
Demographics
Payne County, Oklahoma displays a balanced adult gender ratio and a considerable portion of its population is in their early twenties, likely influenced by local higher education institutions. The educational attainment shows a high school diploma or higher for most adults, underscoring the community's emphasis on education. The racial distribution is predominantly White, with small yet significant representations of other racial groups. Understanding these demographic trends is pivotal for... Read more
Race Distribution in Payne County, Oklahoma (2022)
Educational Attainment in Payne County, Oklahoma (2022)
Age Distribution in Payne County, Oklahoma
Citizen Population in Payne County, Oklahoma (2022)
Political Trends & Data
In Payne County, Oklahoma, the 2020 U.S. Presidential Election data indicates Republicans likely secured a solid lead with roughly 60% of the votes, compared to Democrats who attracted around 37%. Libertarians managed to capture about 2%, hinting at a strong Republican preference that might mirror the county's larger political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Payne County, Oklahoma, the 2020 U.S. Presidential Election saw Republicans likely secure a significant lead with approximately 60% of the vote, while Democrats garnered about 37%. Libertarians captured around 2%, with negligible support for other parties. This points to a clear preference for Republican candidates, possibly reflecting the county's broader political leanings.
60.09% of voters voted for the Republican party in the 2020 Presidential Election
36.78% of voters voted for the Democrat party in the 2020 Presidential Election
2.27% of voters voted for the Livertarian party in the 2020 Presidential Election
0.85% of voters voted for the Other party in the 2020 Presidential Election
School Data
Payne County, Oklahoma's student-to-teacher ratio peaked at 17 students per teacher in 2017 but has since decreased to around 15 to 16, still above the national average of 14. This trend might hint at overcrowded classrooms and point to a need for more educational resources or improved school funding. For real estate agents and builders, considering this higher ratio could influence the perceived educational quality and attractiveness of the area for potential... Read more
Student-to-teacher ratio in Payne County, Oklahoma over the last 10 years
Payne County, Oklahoma has seen fluctuations in its student-to-teacher ratio over the last decade. Notably, the ratio reached its peak at 17 students per teacher in 2017 and has since shown some improvements, dropping to around 15 to 16 students per teacher in recent years. This still positions Payne County slightly above the national average of 14 students per teacher, which implies that classrooms may be a bit more crowded compared to other parts of the United States. For those looking to move to or invest in the area, a higher student-to-teacher ratio might suggest a need for more educational resources or a closer look at school funding and capacity. Real estate agents, builders, and appraisers might factor this in when considering the attractiveness and educational quality of the area for potential buyers.
