Stephens County Real Estate and Livability Trends
Stephens County, Oklahoma has shown notable economic volatility, with average taxable income peaking at $66,656.17 in 2014 and dropping to $53,567.94 in 2016, creating an unpredictable climate for investors. Median home values climbed to $127,500.00 by 2022, remaining below the state average of $170,500.00, which could suggest relative affordability. Real estate taxes peaked at $2,869.23 in 2020,... Read more
Stephens County Market Trends
Stephens County, Oklahoma has seen a steady climb in median home values, reaching $127,500.00 in 2022, making it more affordable than the state average of $170,500.00. Fluctuations in average residential energy tax credits, notably spiking to $3,075.00 in 2017, hint at incentives for energy efficiency that could influence homeowner investments. Real estate taxes have also surged, peaking at... Read more
Median Value of Occupied Housing Units in Stephens County, Oklahoma Over the Last 8 Years
Over the last eight years, Stephens County, Oklahoma has seen a gradual increase in median home values, rising from $98,400.00 in 2015 to $127,500.00 in 2022. Compared to the state average for Oklahoma, Stephens County presents a more affordable option as Oklahoma’s median home value jumped from $117,900.00 in 2015 to $170,500.00 in 2022. Nationally, the median home value has seen even more substantial growth, reaching $179,400.00 in 2022. These trends indicate that while Stephens County remains a more budget-friendly destination, it still follows the overall upward trajectory seen in larger markets.
Residential Energy Tax Credit Per Tax Return in Stephens County, OK Over the Last 9 Years
Over the past nine years, Stephens County, Oklahoma, has seen notable fluctuations in the average residential energy tax credit per tax return. The most dramatic increase occurred in 2017, with a spike to $3,075.00, significantly higher than other years. There was also a considerable rise in 2021 to $1,640.00. This variability may suggest changing incentives or increased adoption of energy-efficient improvements among homeowners. Such trends could impact decisions for potential investors, real estate agents, and insurers assessing the attractiveness and long-term sustainability of properties in the area.
Average Real Estate Taxes Per Tax Return in Stephens County, OK Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Stephens County, Oklahoma have shown a significant upward trajectory. Starting from $1,395.03 in 2012, taxes nearly doubled, peaking at $2,869.23 in 2020 before settling to $2,692.65 in 2021. This could imply rising property values or changes in tax policies, making it relevant for potential investors, real estate agents, and property developers to stay informed. This trend potentially affects property appraisals and insurance cost estimates, offering crucial insight for stakeholders.
Percentage of Farm Returns in Stephens County, OK Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Stephens County, Oklahoma has generally hovered around the 6.5%-7.0% mark. This can indicate a stable agricultural backbone, even though there are occasional slight variations year-to-year. Farm tax returns are filings by farming businesses or individuals who derive income from farming, and a stable rate suggests consistent agricultural activity, which could matter for potential investors or those considering property in the area. This steadiness in farm returns may reflect a resilient local economy supported by agriculture, offering assurance to new residents or businesses eyeing Stephens County.
Number of Mortgages by Occupancy Type in Stephens County, OK Over the Last 5 Years in Stephens County
In Stephens County, Oklahoma, the trend in mortgage counts over the past five years shows a dominant preference for principal residences, with investment properties and second residences trailing significantly in numbers. Notably, there's been a gradual increase in investment property mortgages, suggesting potential for rental income opportunities and possibly indicating growing confidence in the local real estate market. This shift in occupancy types is crucial for potential investors, real estate agents, and appraisers as it could affect property valuations, insurance rates, and even influence neighborhood characteristics. For those looking to live or invest in the area, understanding these dynamics can provide strategic insights into future property values and community developments.
Economic Outlook
Stephens County, Oklahoma has experienced significant fluctuations in average taxable income and tax liabilities over the past decade, presenting an unpredictable economic environment. With average taxable income peaking at $66,656.17 in 2014 and dropping to a low of $53,567.94 in 2016, investors and real estate professionals might find this volatility worth noting for long-term growth planning. State and local income taxes have also shown variability, hitting highs in 2018 and 2019, indicating... Read more
Average Taxable Income per Tax Return in Stephens County, OK over the last 9 years
Stephens County, Oklahoma has seen fluctuations in average taxable income per tax return over the past nine years, peaking at $66,656.17 in 2014 and hitting a low of $53,567.94 in 2016. The income data indicates periodic dips and rebounds, suggesting an economic environment marked by some volatility. This trend could be a meaningful consideration for potential investors or real estate professionals evaluating the area for long-term growth opportunities or market stability. Recognizing these income variations could also be crucial for appraisers and insurance agents assessing risks and property values.
Average State and Local Income Taxes Per Tax Return in Stephens County, OK Over the Last 10 Years
Average state and local income taxes per tax return in Stephens County, Oklahoma have fluctuated significantly over the past decade, with notable spikes in 2018 ($10,816.85) and 2019 ($10,898.78). This variability suggests an unpredictable tax landscape, which could influence decisions for prospective property buyers, investors, or those planning to move to the area. The higher tax years align with overall national economic trends, possibly reflecting broader financial shifts. For appraisers and real estate agents, these inconsistencies underscore the importance of staying current with local fiscal policies to better advise clients.
Average Total Tax Liability Per Tax Return in Stephens County, OK Over the Last 10 Years
Stephens County, Oklahoma, has seen notable fluctuations in average total tax liability per tax return over the past decade, peaking in 2014 at $12,922.07 before experiencing a general downward trend, bottoming out in 2020 at $8,334.22. Minor recoveries post-2020 might suggest economic stabilization, making it an area worth monitoring for potential market shifts. For those considering property investments, the varying tax liabilities could impact overall affordability and long-term planning.
Cost of Living in Stephens County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,420 | $2,142 | $1,099 | $1,244 |
| 1 adult 4 children | $1,115 | $1,159 | $1,641 | $1,099 | $1,315 |
| 2 adults 3 children | $1,115 | $1,160 | $1,857 | $1,099 | $1,003 |
| 1 adult 3 children | $1,115 | $947 | $1,356 | $1,099 | $1,030 |
| 2 adults 2 children | $797 | $949 | $1,572 | $969 | $831 |
| 1 adult 2 children | $797 | $709 | $1,071 | $969 | $721 |
| 2 adults 1 child | $797 | $750 | $1,288 | $548 | $765 |
| 1 adult 1 child | $797 | $485 | $786 | $548 | $616 |
| 2 adults | $643 | $603 | $1,003 | $0 | $635 |
| 1 adult | $639 | $329 | $501 | $0 | $553 |
Safety trends & Data
Stephens County, Oklahoma has witnessed fluctuating property crime trends over the past five years, which may influence real estate decisions. Larceny-theft peaked at 61 arrests in 2020, signaling a potential concern for investors and residents. Burglary rates hit 21 instances in 2020 before stabilizing at 17 arrests in 2019 and 2022, while motor vehicle theft gradually rose to 10 arrests in 2020. Vandalism remains a consistent issue, and newer crime types like arson and forgery appeared in... Read more
Property Crime Trends in Stephens County, OK Over the Last 5 Years
Over the past five years, Stephens County, Oklahoma has seen fluctuations in property crimes with notable patterns. Larceny-theft consistently remained the most common offense, peaking at 61 arrests in 2020, which suggests an area of concern for potential investors and residents. Burglary rates also varied, reaching as high as 21 instances in 2020, but settling back to 17 arrests in both 2019 and 2022. Motor vehicle theft saw a gradual increase up to 10 arrests in 2020, showcasing a slight risk for vehicle owners. Vandalism, while lower in occurrence, had a consistent presence, indicating potential concerns for property owners. Newer categories like arson and forgery appeared in 2022, albeit in very low numbers, possibly hinting at emerging trends to watch. These crime statistics provide a critical lens for anyone looking to engage with the real estate market or local economy in Stephens County.
Demographics
Stephens County, Oklahoma, shows a relatively balanced gender population, with slightly more females than males. In terms of education, most adults have completed high school, but there's a sizeable portion who haven't finished high school. The age distribution suggests a significant elderly population, especially those 55 years and older, which might indicate potential demand for healthcare services. Racially, the county is predominantly White but includes a mix of other racial groups, with... Read more
Race Distribution in Stephens County, Oklahoma (2022)
Educational Attainment in Stephens County, Oklahoma (2022)
Age Distribution in Stephens County, Oklahoma
Citizen Population in Stephens County, Oklahoma (2022)
Political Trends & Data
Stephens County, Oklahoma, exhibited a pronounced Republican preference in the 2020 U.S. Presidential Election, with about 82% of the votes likely going to the GOP. Democrats seemingly secured around 17%, and minor parties made up less than 2%. This conservative leaning could shape future political strategies and local policy-making, reflecting the county's overall political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Stephens County, Oklahoma, saw a significant leaning towards the Republican party in the 2020 U.S. Presidential Election, with roughly 82% of the votes possibly going to them. The Democratic party seemingly garnered about 17%, while minor parties like the Libertarian and others collectively made up less than 2%. This trend might highlight the strong conservative presence in the county, potentially influencing future political strategies and local policies.
81.65% of voters voted for the Republican party in the 2020 Presidential Election
16.55% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.62% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Stephens County, Oklahoma, the student-to-teacher ratio has historically been above the national average, peaking at about 16 students per teacher. Recently, a slight drop has brought this number closer to 15 students per teacher, still slightly above the national average of 14. This decline might suggest improved individualized attention for students, offering a potential advantage for families prioritizing education. Real estate agents, investors, and appraisers could find this trend an... Read more
Student-to-teacher ratio in Stephens County, Oklahoma over the last 10 years
Over the past decade, the student-to-teacher ratio in Stephens County, Oklahoma has generally been higher than the national average, peaking at around 16 students per teacher. Recently, the ratio has shown a slight decrease, currently sitting closer to 15 students per teacher, which still hovers just above the national average of 14. This subtle decline in the student-to-teacher ratio could be advantageous for those moving to the area, as it suggests potentially improved individualized attention in classrooms. For real estate agents or investors, this trend might indicate an attractive selling point for families prioritizing education, while appraisers and insurance agents should consider the implications of community investment in school staffing when evaluating the region.
