Texas County Real Estate and Livability Trends
Texas County, Oklahoma's real estate market shows fascinating trends. Median home values jumped from $92,700 in 2015 to $146,200 in 2022, offering a cost-effective alternative to national and state averages. This affordability might attract buyers looking for value with appreciation potential. Interestingly, real estate taxes have more than doubled from $987.88 in 2012 to $2,036.84 in 2021,... Read more
Texas County Market Trends
Texas County, Oklahoma, has seen median home values spike from $92,700 in 2015 to $146,200 in 2022, pricing homes well below national ($179,400) and state averages ($170,500). This cost-effective market could lure investors and homeowners seeking affordable entry points with potential for appreciation. Residential energy tax credits have fluctuated, peaking notably in 2018 ($1,171.43) and 2021... Read more
Median Value of Occupied Housing Units in Texas County, Oklahoma Over the Last 8 Years
Texas County, Oklahoma, has seen its median home values increase from $92,700 in 2015 to $146,200 in 2022. This growth, while robust, still keeps the county's housing market more affordable compared to the national and state levels. For instance, in 2022, the county's median home value is significantly lower than the national median of $179,400 and Oklahoma's state median of $170,500. This disparity could present cost-effective investment opportunities and attractive living conditions for potential homeowners and investors looking to capitalize on lower entry costs while still benefiting from the evident upward trend.
Residential Energy Tax Credit Per Tax Return in Texas County, OK Over the Last 9 Years
Texas County, Oklahoma, has seen considerable fluctuation in residential energy tax credits per tax return over the past nine years, with notable peaks. In 2017 and 2020, there's a typical average rising to around $587.50 and $588.89 respectively. However, 2018 and 2021 stood out with significant increases, hitting $1,171.43 and $1,100.00. For prospective investors or those planning to build, this might suggest periods of increased investment in energy-efficient home improvements. This peaks interest for real estate agents and insurance professionals as tax credit trends could signify broader adoption of energy-efficient technologies or state initiatives, potentially impacting property valuations and premiums.
Average Real Estate Taxes Per Tax Return in Texas County, OK Over the Last 10 Years
Over the past decade, Texas County, Oklahoma has seen significant fluctuations in average real estate taxes per tax return. Starting at approximately $987.88 in 2012, there was a notable increase, peaking at around $2,168.18 in 2019. Despite marginal dips, the most recent figure in 2021 stands at $2,036.84. These trends could imply a growing real estate market or changes in assessment rates, which might affect decisions for potential investors, builders, and current property owners. This steady increase can also be a crucial factor for insurance agents and appraisers monitoring property value changes in the area.
Percentage of Farm Returns in Texas County, OK Over the Last 10 Years
Farm tax returns in Texas County, OK have oscillated slightly, generally hovering around 5.5% to 6% over the past decade. This consistency might suggest a stable agricultural economy, with minor fluctuations possibly indicating shifts in farming profitability or strategic changes in land use. For potential investors and new residents, this relative stability could point to a reliable agricultural foundation in the region. For those looking to build or extend property, understanding these trends might be crucial to predict land value and future tax liabilities.
Number of Mortgages by Occupancy Type in Texas County, OK Over the Last 5 Years in Texas County
In Texas County, Oklahoma, the mortgage trends suggest a consistent dominance of principal residence purchases, with numbers rising from 368 in 2018 to 580 in 2021. Investment properties, while fewer in numbers, show a slight increase post-2019, peaking at 72 mortgages in 2021. Second residences remain negligible, fluctuating minimally. These occupancy type shifts could hint at varying market dynamics, with principal residences growth likely driven by population stability or expansion. Meanwhile, the uptick in investment properties may signal burgeoning development or opportunities in rental markets. For investors, appraisers, and real estate agents, these changes could influence decision-making, property valuations, and risk assessments.
Economic Outlook
The average taxable income per return in Texas County, Oklahoma has mostly lingered around $48,000, with a noticeable rise to $55,195.43 in 2021, hinting at possible economic improvements. Meanwhile, average state and local income taxes have been inconsistent, peaking at $6,576.67 in 2021 and dropping significantly to $3,272.19 in 2017, suggesting economic volatility or policy shifts. The average total tax liability per return has generally declined from $7,963.71 in 2012 to $6,930.04 in 2021,... Read more
Average Taxable Income per Tax Return in Texas County, OK over the last 9 years
Over the past nine years, average taxable income per return in Texas County, Oklahoma has generally hovered around the $48,000 mark, with slight fluctuations. Noteworthy, however, is the significant jump to $55,195.43 in 2021. This uptick might suggest improving economic conditions or increased earnings in the region, which could be attractive for prospective investors and real estate professionals looking for growth opportunities. For those in property development or appraisals, tracking these income trends could be instrumental in making informed decisions on market potential.
Average State and Local Income Taxes Per Tax Return in Texas County, OK Over the Last 10 Years
Over the past decade, Texas County, Oklahoma has seen considerable fluctuation in average state and local income taxes per tax return, peaking at $6,576.67 in 2021. The notable dip to $3,272.19 in 2017 followed by a rebound highlights potential economic variability or policy changes impacting taxpayers. These shifts are crucial for investors, real estate agents, and residents to consider when evaluating financial commitments or market stability in the area.
Average Total Tax Liability Per Tax Return in Texas County, OK Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Texas County, Oklahoma has seen a general decline, decreasing from $7,963.71 in 2012 to $6,930.04 in 2021. Notably, there was a significant dip in 2019, reaching a low of $5,995.99, before experiencing a slight increase again. This downward trend could signal various economic shifts within the county over the years, possibly impacting potential investment or property development decisions. Understanding these financial dynamics is essential for real estate agents, property appraisers, insurance agents, and those considering moving to or investing in Texas County, Oklahoma.
Cost of Living in Texas County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,061 | $1,307 | $2,142 | $1,172 | $1,242 |
| 1 adult 4 children | $1,061 | $1,067 | $1,641 | $1,172 | $1,329 |
| 2 adults 3 children | $1,061 | $1,068 | $1,857 | $1,172 | $1,012 |
| 1 adult 3 children | $1,061 | $872 | $1,356 | $1,172 | $1,055 |
| 2 adults 2 children | $871 | $874 | $1,572 | $1,034 | $889 |
| 1 adult 2 children | $871 | $653 | $1,071 | $1,034 | $810 |
| 2 adults 1 child | $871 | $691 | $1,288 | $585 | $820 |
| 1 adult 1 child | $871 | $446 | $786 | $585 | $686 |
| 2 adults | $733 | $555 | $1,003 | $0 | $691 |
| 1 adult | $729 | $303 | $501 | $0 | $619 |
Safety trends & Data
Texas County, Oklahoma has seen a moderate decrease in burglary and larceny-theft incidents over the last five years; burglaries dropped from 16 in 2018 to 14 in 2022, while larceny-theft fell significantly from 20 in 2018 to 7 in 2022. However, motor vehicle theft trends have been less predictable, peaking at 15 in 2021. Vandalism also experienced noticeable spikes, especially in 2021 with 10 cases. Such crime trends could be influential for real estate appraisals and insurance assessments,... Read more
Property Crime Trends in Texas County, OK Over the Last 5 Years
Texas County, Oklahoma has experienced varied property crime trends over the last five years. Burglary and larceny-theft incidents generally show a moderate decrease, with burglaries dropping from 16 in 2018 to 14 in 2022, and larceny-theft dropping significantly from 20 in 2018 to 7 in 2022. Motor vehicle theft witnessed a fluctuating trend, peaking at 15 in 2021. Notably, vandalism saw spikes, particularly in 2021 with 10 cases. These patterns can be crucial for real estate appraisals and insurance assessments, indicating shifts in community safety and influencing property values and premiums.
Demographics
Texas County, Oklahoma reveals a population nearly equally split between men and women, yet educational attainment shows significant disparities. A notable number of adults have achieved no more than a high school diploma or some college experience without a degree, indicating potential gaps in higher education achievement. Younger residents outnumber those over 65, suggesting a youthful demographic that could impact local industries and services. The racial composition is predominantly White,... Read more
Race Distribution in Texas County, Oklahoma (2022)
Educational Attainment in Texas County, Oklahoma (2022)
Age Distribution in Texas County, Oklahoma
Citizen Population in Texas County, Oklahoma (2022)
Political Trends & Data
Texas County in Oklahoma exhibited a marked preference for the Republican Party in the recent presidential election, reflecting its strong conservative tendencies. Democrats struggled to gain a foothold, while Libertarians and other minor parties barely made an impact. This trend underscores the dominance of Republican ideologies in the area, presenting a significant challenge for opposing parties trying to make... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Texas County in Oklahoma saw a notable inclination towards the Republican Party, suggesting a dominant conservative leaning. The Democrats trailed significantly, with Libertarians and other minor parties capturing only minimal shares. This pattern, while not unique, highlights the county's strong Republican roots and the challenges faced by opposing parties in gaining traction.
81.60% of voters voted for the Republican party in the 2020 Presidential Election
16.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.60% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Texas County, Oklahoma, the student-to-teacher ratio has increased to 16 in 2023, higher than the national average of 14. This may point to challenges in personalized education, potentially influencing property values and appeal to family buyers. Real estate professionals should consider these educational dynamics when marketing... Read more
Student-to-teacher ratio in Texas County, Oklahoma over the last 10 years
Over the past decade, Texas County in Oklahoma has experienced some fluctuation in its student-to-teacher ratio, culminating in a significant increase to 16 in 2023, above the national average of 14 students per teacher. This higher ratio may indicate potential challenges in providing individualized attention, which could impact educational outcomes. For those considering investing in property or moving to the area, understanding these dynamics could be crucial. Lower educational quality might also affect appraisals and insurance evaluations as schools are a critical factor for family-oriented buyers. Real estate agents and builders should note these changes to better position and market homes, while stakeholders should remain aware of the potential need for additional educational resources.
