Seminole County Real Estate and Livability Trends
Seminole County, Oklahoma has seen a rise in median home values from $69,200 in 2015 to $88,100 in 2022, suggesting affordability in a market that remains below state and national averages. Real estate taxes have more than doubled, indicating increased property values but also higher living costs. The county's growing investments in energy-efficient home improvements hint at a shift towards... Read more
Seminole County Market Trends
Seminole County, Oklahoma has experienced a rise in median home values, climbing from $69,200 in 2015 to $88,100 in 2022. Despite this increase, prices remain well below both state and national averages, potentially signaling an attractive market for buyers seeking affordability. Real estate taxes have also more than doubled over the past decade, which might indicate rising property values but... Read more
Median Value of Occupied Housing Units in Seminole County, Oklahoma Over the Last 8 Years
Over the last eight years, Seminole County, Oklahoma's median home values have trended upward, rising from $69,200 in 2015 to $88,100 in 2022. While this represents a steady increase, it remains significantly lower than both the Oklahoma state average, which climbed from $117,900 in 2015 to $170,500 in 2022, and the national average, which jumped from $125,500 to $179,400 over the same period. This may signal an advantageous market for prospective buyers and investors looking for more affordable real estate options within Oklahoma, particularly when compared to state and national figures.
Residential Energy Tax Credit Per Tax Return in Seminole County, OK Over the Last 8 Years
Residential energy tax credits in Seminole County, Oklahoma have shown variable trends over the last eight years, with a notable spike in recent years. From an average of $400.00 per tax return in 2017, it jumped significantly to $775.00 in 2020 and reached $860.00 in 2021. This increase could indicate growing investments in energy-efficient home improvements or favorable incentives. For investors, builders, and real estate agents, this trend may suggest a burgeoning interest in sustainable living solutions which could drive future property values and market demand.
Average Real Estate Taxes Per Tax Return in Seminole County, OK Over the Last 10 Years
Over the past decade, Seminole County, Oklahoma has experienced a notable upward trend in average real estate taxes per tax return, rising from $1,157.69 in 2012 to $2,427.78 in 2021. The steepest hike appears between 2017 and 2018, with a jump from $1,312.64 to $1,788.46. Such increases could be a signal of rising property values, potentially attracting investors and indicating a growing real estate market. For residents and future property buyers, this trend may reflect higher costs of living and necessitate thorough financial planning. Those in the real estate and insurance sectors should be mindful of these changes when evaluating property values and potential property tax liabilities.
Percentage of Farm Returns in Seminole County, OK Over the Last 10 Years
Seminole County, Oklahoma has seen a fluctuating trend in the percentage of farm tax returns over the last decade. Starting at approximately 9.03% in 2012, the percentage slightly increased over the years, peaking at around 10.33% in 2017 before gradually declining to roughly 9.35% in 2021. For anyone interested in investing, moving, or building property in Seminole County, understanding these farm tax return trends can offer insights into the agricultural economic activity and potential viability of farm-related investments in the area. Farm tax returns, which typically reflect net farm income, give a proxy for local agricultural health and productivity, and can be an indicator of economic stability or fluctuation in rural areas.
Number of Mortgages by Occupancy Type in Seminole County, OK Over the Last 5 Years in Seminole County
Over the past five years, Seminole County, Oklahoma has seen a steady increase in the number of mortgages for principal residences, while the numbers for investment properties and second residences have experienced more fluctuation. This trend could be paramount for real estate investors, as it suggests a growing preference or need for primary homes, which might influence property values and market stability. Similarly, appraisers and insurance agents should find it worthwhile to consider these shifts in occupancy types, as they may impact risk assessments and valuation models. For those looking to build or develop property, understanding these dynamics might hint at the most lucrative focus areas, whether it be catering to the burgeoning demand for primary residences or finding niche opportunities in investment properties.
Economic Outlook
In Seminole County, Oklahoma, the average taxable income per tax return peaked at $47,547.31 in 2021 but dipped to $39,960.29 in 2016, suggesting a somewhat volatile economic landscape. State and local income taxes also displayed variability, dropping significantly in 2016 and 2017 but increasing to $7,045.00 in 2020. The average total tax liability per tax return saw its highest point in 2014 at $7,416.77, falling to $5,875.04 by 2021. These fluctuations provide insight into the economic... Read more
Average Taxable Income per Tax Return in Seminole County, OK over the last 9 years
Seminole County, Oklahoma has seen some fluctuation in average taxable income per tax return over the past nine years. The figures peaked in 2021 at around $47,547.31 but dipped as low as $39,960.29 in 2016. For those eyeing investment or property development in Seminole County, this variation suggests a somewhat volatile economic landscape. Real estate agents, appraisers, and insurance agents might find it useful to consider these income shifts when advising clients or determining property values. Potential movers and current residents can also gauge economic health and stability through these income trends.
Average State and Local Income Taxes Per Tax Return in Seminole County, OK Over the Last 10 Years
Over the past decade, Seminole County, Oklahoma has seen fluctuating average state and local income taxes per tax return. The figures dipped significantly in 2016 and 2017, with values around $4,844.19 and $4,714.13 respectively. However, a notable upward trend was apparent in recent years, peaking at $7,045.00 in 2020 and slightly tapering to $6,757.14 in 2021. For potential investors, real estate agents, and those considering relocation or development in this area, these fluctuations might indicate underlying economic changes, potentially impacting property values, tax planning, and overall cost of living evaluations.
Average Total Tax Liability Per Tax Return in Seminole County, OK Over the Last 10 Years
Seminole County, Oklahoma has seen fluctuation in the average total tax liability per tax return over the past decade, peaking at $7,416.77 in 2014 and gradually declining to $5,875.04 by 2021. This trend may signal shifting economic conditions, impacting everything from property values to the investment climate. For potential investors, understanding these tax trends could inform decisions, while homeowners and real estate professionals may find this data valuable for future planning. With tax liabilities reflecting broader financial health, the observed variations could also influence appraisals and insurance assessments.
Cost of Living in Seminole County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $995 | $1,343 | $1,885 | $1,019 | $1,034 |
| 1 adult 4 children | $995 | $1,097 | $1,442 | $1,019 | $1,080 |
| 2 adults 3 children | $995 | $1,097 | $1,635 | $1,019 | $826 |
| 1 adult 3 children | $995 | $896 | $1,192 | $1,019 | $811 |
| 2 adults 2 children | $797 | $898 | $1,385 | $899 | $728 |
| 1 adult 2 children | $797 | $671 | $942 | $899 | $637 |
| 2 adults 1 child | $797 | $710 | $1,135 | $508 | $701 |
| 1 adult 1 child | $797 | $459 | $693 | $508 | $572 |
| 2 adults | $624 | $570 | $885 | $0 | $588 |
| 1 adult | $533 | $311 | $443 | $0 | $496 |
Safety trends & Data
In Seminole County, Oklahoma, property crime trends over the last five years have shown significant fluctuations. Burglary incidents peaked in 2019 at 27 but have declined since, while larceny-theft remains the most prevalent at about 43.4 cases annually, with a notable peak at 66 in 2019. Motor vehicle theft has seen a slight uptick but remains under 10 incidents per year. These crime trends could sway property values, insurance rates, and investment appeal as stakeholders consider the... Read more
Property Crime Trends in Seminole County, OK Over the Last 5 Years
Property crime in Seminole County, Oklahoma has generally fluctuated over the last five years. Burglary incidents peaked in 2019 at 27 but have since declined, while larceny-theft consistently remains the most common, averaging around 43.4 cases per year with a notable peak in 2019 at 66. Motor vehicle theft has shown a slight increase but hasn't surpassed 10 incidents annually. Other crimes like embezzlement, fraud, and vandalism vary less significantly. These trends might impact property values, insurance rates, and investment appeal, as potential stakeholders evaluate the county's safety and stability.
Demographics
Seminole County, Oklahoma features a slightly higher female adult population compared to males. The educational attainment here lags in higher education, with a significant portion achieving only high school equivalency or some college with no degree, and fewer pursuing graduate-level education. Age distribution skews towards a mature demographic, hinting at potential challenges in workforce sustainability. Racial composition is predominantly White and American Indian and Alaska Native,... Read more
Race Distribution in Seminole County, Oklahoma (2022)
Educational Attainment in Seminole County, Oklahoma (2022)
Age Distribution in Seminole County, Oklahoma
Citizen Population in Seminole County, Oklahoma (2022)
Political Trends & Data
In Seminole County, Oklahoma, the real estate market could possibly be influenced by its strong conservative leaning, reflected by the 2020 U.S. Presidential Election results, where around 72.00% of voters supported the Republican candidate. This trend may hint at a community that values stability and tradition, potentially impacting property demand and development styles in a way that aligns with these... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Seminole County, Oklahoma, voters in the 2020 U.S. Presidential Election showed a strong preference for the Republican candidate, who garnered approximately 72% of the votes. Democratic support was significantly lower, with just under 26%, while Libertarian and other minor parties collectively received less than 2% of the vote. This data suggests that Seminole County leans heavily conservative in its political alignment.
72.10% of voters voted for the Republican party in the 2020 Presidential Election
25.79% of voters voted for the Democrat party in the 2020 Presidential Election
1.31% of voters voted for the Livertarian party in the 2020 Presidential Election
0.80% of voters voted for the Other party in the 2020 Presidential Election
School Data
Seminole County, Oklahoma's student-to-teacher ratio has fluctuated around the national average of 14 students per teacher but spiked to 17 in 2023. For investors and real estate professionals, this could signal shifts in school capacity and resource allocation, possibly impacting property values and community attractiveness. Insurance agents and appraisers might view this as a factor in assessing risk for educational infrastructure, reflecting potential strains on resources that could... Read more
Student-to-teacher ratio in Seminole County, Oklahoma over the last 10 years
Over the past decade, the student-to-teacher ratio in Seminole County, Oklahoma has shown fluctuations, with numbers generally hovering around the national average of 14 students per teacher until a notable spike to 17 in 2023. For investors, developers, and real estate agents, this shift could be indicative of changes in school capacity and resource allocation, potentially affecting property values and community appeal. Insurance agents and appraisers might see this as a factor in risk assessment for educational infrastructure. Overall, a higher student-to-teacher ratio could imply strains on educational resources, influencing decisions for those considering moving to the area or investing in local real estate.
