Pontotoc County Real Estate and Livability Trends
Pontotoc County, Oklahoma's average taxable income per tax return has risen consistently over the last nine years, hitting approximately $62,953.29 by 2021, which along with a doubling of average state and local income taxes to $9,416.67, suggests potential economic growth. The median home value has grown slowly, reaching $151,500 in 2022, which might attract budget-conscious buyers. Increased... Read more
Pontotoc County Market Trends
The median home value in Pontotoc County, Oklahoma has edged up more slowly over the past eight years, reaching $151,500 in 2022—falling short of state and national medians. This tempered rise may appeal to budget-conscious buyers and investors seeking consistent, lower-volatility markets. Meanwhile, the average residential energy tax credit per tax return jumped from $310.00 in 2013 to... Read more
Median Value of Occupied Housing Units in Pontotoc County, Oklahoma Over the Last 8 Years
Over the past eight years, the median home value in Pontotoc County, Oklahoma has increased steadily, but at a more modest pace compared to both state and national trends. In 2022, the median value in Pontotoc County was $151,500, whereas the state median was $170,500 and the national median was $179,400. This slower appreciation rate could be appealing to potential buyers looking for more affordable options within Oklahoma, as well as to investors seeking markets with less volatility and more stable growth.
Residential Energy Tax Credit Per Tax Return in Pontotoc County, OK Over the Last 8 Years
Pontotoc County, Oklahoma has seen a consistent increase in the average residential energy tax credit per tax return over the last eight years. Starting modestly at around $310.00 in 2013, the figure notably spiked to $400.00 by 2017 and surged to $1,650.00 in 2020. This trend suggests a growing incentive for energy-efficient investments, a potential draw for investors, homeowners, and property developers alike. The marked increase could imply heightened adoption of energy-efficient technologies, which might influence appraisals and insurance valuations favorably. For real estate agents, this could be a key selling point when attracting environmentally-conscious buyers.
Average Real Estate Taxes Per Tax Return in Pontotoc County, OK Over the Last 10 Years
Pontotoc County, Oklahoma has experienced noticeable increases in average real estate taxes per tax return over the past decade, with an upward trend from $1,278.20 in 2012 to $2,633.33 in 2021. This almost doubled property tax rate could suggest rising property values or increased demand for local services. These trends may attract or deter potential investors, homebuyers, and real estate developers, while impacting decisions for appraisers and insurance agents.
Percentage of Farm Returns in Pontotoc County, OK Over the Last 10 Years
Farm tax returns in Pontotoc County, Oklahoma have shown slight fluctuations, trending upwards overall from 8.62% in 2012 to approximately 9.03% in 2021. These upward trends in farm returns can be appealing for potential investors, property developers, and those interested in the agricultural sector, suggesting a stable or slightly growing farming economy. As the percentage of farm tax returns increases, it reflects potentially robust agricultural activity which may indicate a resilient rural economy, offering insights into the viability and growth opportunities in the area.
Number of Mortgages by Occupancy Type in Pontotoc County, OK Over the Last 5 Years in Pontotoc County
The mortgage counts for Pontotoc County, Oklahoma reveal interesting patterns over the past five years. Principal residence mortgages significantly outnumber those for investment or second residences, peaking in 2020 with 1,536 mortgages. Investment properties saw a slight decline from 120 in 2018 to 107 in 2022, while second residences remained relatively stable but low, never surpassing 28. Shifts in the occupancy type can indicate changing local economies and housing preferences, which are crucial for investors, real estate agents, and developers to gauge market dynamics and assess risk. Appraisers and insurance agents, too, need to monitor these trends to adjust valuations and coverage adequacy.
Economic Outlook
Pontotoc County, Oklahoma has experienced a generally upward trend in average taxable income per tax return over the last nine years, with significant increases noted between 2017-2018 and 2020-2021. This upward trajectory, reaching approximately $62,953.29 by 2021, hints at potential economic growth. Additionally, average state and local income taxes per tax return have almost doubled over the past decade, from $5,260.47 in 2012 to $9,416.67 in 2021, possibly reflecting broader economic or... Read more
Average Taxable Income per Tax Return in Pontotoc County, OK over the last 9 years
Pontotoc County, Oklahoma has seen a fluctuating yet generally upward trend in average taxable income per tax return over the last nine years. Notable increases are evident between 2017 and 2018, where the average taxable income jumped from approximately $52,252.66 to $56,394.76, and again from 2020 to 2021, surging to about $62,953.29. This could indicate economic growth in the area, presenting potential opportunities for investors and those looking to move or build property here. These figures may also impact real estate values and insurance rates, making it an appealing location for real estate agents and appraisers to keep an eye on.
Average State and Local Income Taxes Per Tax Return in Pontotoc County, OK Over the Last 10 Years
In Pontotoc County, Oklahoma, average state and local income taxes per tax return have seen a significant upward trend over the last decade. From $5,260.47 in 2012, taxes have escalated to $9,416.67 by 2021. This near doubling may reflect broader economic changes or policy shifts impacting taxpayers' liabilities. Such a trend could be of interest to potential residents, investors, and various professionals keeping an eye on financial dynamics in the area.
Average Total Tax Liability Per Tax Return in Pontotoc County, OK Over the Last 10 Years
Pontotoc County, Oklahoma has witnessed fluctuating average total tax liabilities per tax return over the past decade. This variability likely reflects changes in the local economy and income levels. Starting at approximately $7,622.63 in 2012, the tax burden saw both rises and falls, peaking notably at $9,675.44 in 2021. This trend suggests potential volatility in the local tax landscape, important for investors, builders, and real estate professionals to monitor, as it could influence property values and profitability.
Cost of Living in Pontotoc County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,363 | $1,885 | $1,200 | $1,128 |
| 1 adult 4 children | $1,062 | $1,113 | $1,442 | $1,200 | $1,186 |
| 2 adults 3 children | $1,062 | $1,114 | $1,635 | $1,200 | $911 |
| 1 adult 3 children | $1,062 | $909 | $1,192 | $1,200 | $948 |
| 2 adults 2 children | $819 | $912 | $1,385 | $1,059 | $796 |
| 1 adult 2 children | $819 | $681 | $942 | $1,059 | $702 |
| 2 adults 1 child | $819 | $721 | $1,135 | $598 | $734 |
| 1 adult 1 child | $819 | $465 | $693 | $598 | $607 |
| 2 adults | $622 | $579 | $885 | $0 | $591 |
| 1 adult | $618 | $316 | $443 | $0 | $532 |
Safety trends & Data
Pontotoc County, Oklahoma has seen fluctuating property crime trends over the past five years, especially in larceny-theft which peaked at 185 cases in 2018, dropped to 95 cases in 2021, and then rose to 114 in 2022. Burglary incidents also varied, with a notable increase to 38 in 2022. Arson cases stayed relatively low, while vandalism and motor vehicle theft remained stable. This volatility is essential for investors, property builders, real estate agents, and insurance agents when evaluating... Read more
Property Crime Trends in Pontotoc County, OK Over the Last 5 Years
Pontotoc County, Oklahoma has shown fluctuating property crime trends over the past five years. Larceny-theft, consistently the most common crime, peaked at 185 cases in 2018 but saw a significant dip to 95 cases in 2021, before rising again to 114 in 2022. Burglary arrests have also varied, with a notable increase in 2022 at 38 incidents, after seeing lower numbers in the preceding years. Arson cases remained relatively low, with minor changes over the years. Vandalism and motor vehicle theft levels seem relatively stable, although other crimes like embezzlement and fraud have seen varied changes every year. This data is crucial for investors, property builders, real estate agents, and insurance agents to consider when assessing the stability and security of the region.
Demographics
Pontotoc County, Oklahoma's adult population shows a slight female majority. Educational attainment reveals a high school graduation rate and significant numbers progressing to some college or obtaining a bachelor's degree. Age distribution highlights a substantial younger population alongside a notable segment of individuals aged 55 and over. The racial makeup is primarily White, with appreciable representations from the American Indian and Alaska Native communities. These trends might hint at... Read more
Race Distribution in Pontotoc County, Oklahoma (2022)
Educational Attainment in Pontotoc County, Oklahoma (2022)
Age Distribution in Pontotoc County, Oklahoma
Citizen Population in Pontotoc County, Oklahoma (2022)
Political Trends & Data
Pontotoc County, Oklahoma, has historically shown a strong Republican inclination, with around 70.5% of the 2020 presidential votes favoring this party. Democrats gathered about 26.9%, suggesting they still maintain a noteworthy fraction of the electorate. Minor party affiliations appear limited but present, hinting at some diversity in political thought within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Pontotoc County, Oklahoma, may exhibit a significant leaning towards the Republican party, given their approximate 70.5% share of 2020 presidential votes. Democrats captured around 26.9%, suggesting a smaller yet notable presence. Parties like the Libertarians and Others accounted for minor shares, potentially indicating limited but existent alternative political affiliations.
70.53% of voters voted for the Republican party in the 2020 Presidential Election
26.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.70% of voters voted for the Livertarian party in the 2020 Presidential Election
0.89% of voters voted for the Other party in the 2020 Presidential Election
School Data
Pontotoc County's student-teacher ratio has mostly hovered above the national average of 14 students per teacher in the past decade, peaking at 15 in 2017 and settling at 14 recently. This subtle variability might influence investor decisions, potential residents, and educators, reflecting on class size, educational quality, and resource allocation. Real estate agents and appraisers should note these shifts as they could impact property values linked to school... Read more
Student-to-teacher ratio in Pontotoc County, Oklahoma over the last 10 years
Pontotoc County’s student-to-teacher ratio has fluctuated slightly over the past decade, mostly staying above the national average of 14 students per teacher. Notably, it peaked at 15 in 2017 before dropping to 13 in 2021, and recently resting around 14 students per teacher. This subtle variability could affect decisions for investors, potential residents, and educators, as it might reflect on class size, educational quality, and resource allocation. For real estate agents and appraisers, these shifts could signal implications for property values tied to perceived school desirability.
