Sequoyah County Real Estate and Livability Trends
Sequoyah County, Oklahoma, shows notable financial trends with average taxable income rising from $40,261.45 in 2013 to $51,382.28 in 2021, potentially driving real estate interest. Median home values increased modestly from $89,600 in 2015 to $118,600 in 2022, offering more affordable entry points compared to the state. Real estate taxes have generally risen, suggesting either property values or... Read more
Sequoyah County Market Trends
Sequoyah County, Oklahoma's median home values climbed from $89,600 in 2015 to $118,600 in 2022, a modest increase compared to the statewide surge from $117,900 to $170,500. This could present a more affordable entry point for buyers and investors. Residential energy tax credits have seen considerable volatility, with peaks in 2018 and 2021, suggesting inconsistent investment in energy-efficient... Read more
Median Value of Occupied Housing Units in Sequoyah County, Oklahoma Over the Last 8 Years
House hunters and investors might find Sequoyah County, Oklahoma appealing due to its comparatively lower median home values, which rose from $89,600 in 2015 to $118,600 in 2022. While Oklahoma’s statewide median values, ascending from $117,900 to $170,500 in the same period, are noticeably higher, they still remain below the national median that surged from $125,500 to $179,400. Sequoyah County's price trajectory, which aligns with a marked yet moderate increase, potentially offers an attractive entry point amidst broader national and state trends.
Residential Energy Tax Credit Per Tax Return in Sequoyah County, OK Over the Last 9 Years
Sequoyah County, Oklahoma's residential energy tax credits have shown significant fluctuations over the past nine years, with notable spikes in 2018 at $1,200.00 and 2021 at $1,792.31. For property developers, insurers, or real estate professionals, these trends might suggest varying levels of investment in energy-efficient home improvements across the county. This could indicate fluctuating homeowner priorities or changing local incentives for energy efficiency, impacting both property values and the potential return on investment for energy upgrades.
Average Real Estate Taxes Per Tax Return in Sequoyah County, OK Over the Last 10 Years
Real estate taxes per tax return in Sequoyah County, Oklahoma have generally trended upwards over the last decade. Starting at approximately $1087.75 in 2012, they peaked around $2133.33 in 2020 before seeing a slight dip in 2021 to roughly $1965.79. This overall increase may indicate rising property values or shifting taxation policies, potentially impacting investment viability, insurance costs, and property appraisals. For real estate agents and prospective homeowners, understanding these tax trends can provide critical insights into long-term financial planning and market dynamics in the county.
Percentage of Farm Returns in Sequoyah County, OK Over the Last 10 Years
The percentage of farm tax returns in Sequoyah County, Oklahoma has hovered around 7.25% to 8.02% over the past decade. This relatively stable trend suggests that farming remains a consistent economic activity in the region. Farm tax returns reflect the proportion of taxpayers who report income from agricultural activities, indicating the agricultural sector's health and viability. This steadiness might appeal to investors, developers, and residents interested in the agricultural potential and economic stability of the county.
Number of Mortgages by Occupancy Type in Sequoyah County, OK Over the Last 5 Years in Sequoyah County
Sequoyah County, Oklahoma has seen some noticeable fluctuations in the number of mortgages for principal residences, investment properties, and second residences over the past five years. There appears to be a general upward trend in the number of principal residence mortgages, peaking in 2021 with 2,064, though 2022 saw a slight drop to 1,510. Investment property mortgages have remained fairly stable, hovering around the mid-160s. Second residences, while a smaller market segment, experienced a peak in 2020 with 91 mortgages but have generally remained lower. Shifts in occupancy types can provide insight into market dynamics; thriving principal residence markets may suggest a growing population or improved employment opportunities, while stable investment property numbers might indicate consistent investment appeal. Local real estate agents, appraisers, and investors could leverage this data to make informed decisions about where to focus their efforts.
Economic Outlook
Sequoyah County, Oklahoma, has experienced a consistent rise in average taxable income per tax return from roughly $40,261.45 in 2013 to around $51,382.28 in 2021. This trend hints at a strengthening local economy, likely boosting real estate values and drawing interest from new investors. Additionally, the average state and local income taxes per tax return have risen sharply, climbing from about $4,859.35 in 2012 to approximately $8,636.17 in 2021. Such increases might point to shifts in... Read more
Average Taxable Income per Tax Return in Sequoyah County, OK over the last 9 years
Sequoyah County, Oklahoma has seen a steady increase in average taxable income per tax return over the past nine years, rising from around $40,261.45 in 2013 to approximately $51,382.28 by 2021. This upward trend could signal a growing local economy, with potential implications for real estate values and investment opportunities. Such income growth might also influence the insurance premiums and property appraisals, making it an attractive area for both current residents and new investors. Observing these income trends can be essential for anyone considering building property or moving to Sequoyah County.
Average State and Local Income Taxes Per Tax Return in Sequoyah County, OK Over the Last 10 Years
Average state and local income taxes per tax return in Sequoyah County, Oklahoma have shown a noticeable upward trend over the past decade, increasing from around $4,859.35 in 2012 to approximately $8,636.17 by 2021. This rise reached a peak in 2020 at about $8,922.73, reflecting broader shifts in the financial landscape. These changes may suggest evolving economic conditions, cost of living adjustments, or updates in tax regulations, all crucial for potential investors, residents, and professionals like appraisers, insurance agents, and real estate agents considering the area.
Average Total Tax Liability Per Tax Return in Sequoyah County, OK Over the Last 10 Years
Sequoyah County, Oklahoma has seen a fluctuating trend in average total tax liability per tax return over the last decade. From about $5,264.60 in 2012 to approximately $7,300.99 in 2021, there was both a notable drop around 2018 and a significant spike in 2021. This volatility could be critical for investors, real estate agents, appraisers, and insurance agents as it might reflect underlying economic shifts or changes in the tax structure, potentially impacting property values and market stability.
Cost of Living in Sequoyah County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,074 | $1,359 | $2,281 | $1,151 | $1,266 |
| 1 adult 4 children | $1,074 | $1,110 | $1,747 | $1,151 | $1,304 |
| 2 adults 3 children | $1,074 | $1,110 | $1,978 | $1,151 | $998 |
| 1 adult 3 children | $1,074 | $907 | $1,444 | $1,151 | $1,017 |
| 2 adults 2 children | $777 | $909 | $1,675 | $1,024 | $834 |
| 1 adult 2 children | $777 | $679 | $1,141 | $1,024 | $743 |
| 2 adults 1 child | $777 | $718 | $1,371 | $612 | $786 |
| 1 adult 1 child | $777 | $464 | $837 | $612 | $635 |
| 2 adults | $590 | $577 | $1,068 | $0 | $626 |
| 1 adult | $586 | $315 | $534 | $0 | $545 |
Safety trends & Data
Sequoyah County, Oklahoma has seen some fluctuations in property crime trends over the past five years, with larceny-theft consistently topping the charts. In 2022, larceny-theft incidents spiked to 76 from 45 in 2021. Burglary peaked at 28 incidents in 2019 but fell back to 20 in 2022, while vandalism incidents increased to 25 from 19 over the same period. Potential property investors might find this data noteworthy, as it underscores both areas of concern and prospects for community... Read more
Property Crime Trends in Sequoyah County, OK Over the Last 5 Years
Property crime trends in Sequoyah County, Oklahoma have shown some variability over the past five years, with larceny-theft consistently having the highest number of incidents compared to other crimes. There was a notable spike in larceny-theft in 2022, rising to 76 incidents from 45 in 2021. Burglary rates, although fluctuating, peaked at 28 incidents in 2019 before dropping back to 20 in 2022. Interestingly, vandalism cases also saw an upward trend in 2022, reaching 25 from 19 the previous year. This data could be particularly useful for those looking to invest in property, as it highlights areas of concern and potential opportunities for community improvement.
Demographics
Sequoyah County, Oklahoma exhibits a nearly balanced gender distribution with a slight female majority likely influencing community planning and public services. Educational attainment leans heavily towards high school graduates and those with some college, suggesting room for educational outreach and support for degree completion. Age demographics show a diverse spread, with significant populations in both younger and older age brackets, possibly impacting local healthcare and family services.... Read more
Race Distribution in Sequoyah County, Oklahoma (2022)
Educational Attainment in Sequoyah County, Oklahoma (2022)
Age Distribution in Sequoyah County, Oklahoma
Citizen Population in Sequoyah County, Oklahoma (2022)
Political Trends & Data
Sequoyah County, Oklahoma, in the 2020 U.S. Presidential Election, possibly saw a very strong leaning towards the Republican party, capturing approximately 79% of the vote. The Democratic party trailed significantly with nearly 20%. Libertarian and other parties combined were a minor presence, garnering just over 1.5% of the vote share. These figures may reflect the county's political landscape and could suggest a distinct conservative inclination within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Sequoyah County, Oklahoma, in the 2020 U.S. Presidential Election, possibly saw a very strong leaning towards the Republican party, capturing approximately 79% of the vote. The Democratic party trailed significantly with nearly 20%. Libertarian and other parties combined were a minor presence, garnering just over 1.5% of the vote share. These figures may reflect the county's political landscape and could suggest a distinct conservative inclination within the region.
78.73% of voters voted for the Republican party in the 2020 Presidential Election
19.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.56% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the last decade, Sequoyah County, Oklahoma has seen student-to-teacher ratios fluctuating, peaking at 16 in 2018 and aligning closer to the national average of 14 students per teacher, with a ratio of approximately 14.7 in 2023. For investors, rising ratios could signal overburdened schools, potentially impacting property values. Prospective residents might view lower ratios as a positive factor for quality education. Real estate agents could leverage these insights to highlight either... Read more
Student-to-teacher ratio in Sequoyah County, Oklahoma over the last 10 years
Over the last decade, Sequoyah County, Oklahoma has seen some fluctuations in student-to-teacher ratios, peaking at 16 in 2018 and recently aligning closer to the national average of 14 students per teacher, with a ratio of approximately 14.7 in 2023. For investors, rising ratios could signal overburdened schools, potentially impacting property values. Prospective residents might view lower ratios as a positive factor for quality education. Real estate agents could leverage these insights to highlight either improving or concerning educational environments, depending on the trends. Appraisers and insurance agents should be aware of these changes, as they might affect community growth and risk assessments.
