Tillman County Real Estate and Livability Trends
Tillman County, Oklahoma, offers a real estate market with notably affordable home values ranging from $53,100 to $63,900, significantly lower than the state's median of $170,500. These lower costs present opportunities for cost-effective investments, especially as recent value spikes hint at future growth. The dip and rise in state and local income taxes and average total tax liabilities provide... Read more
Tillman County Market Trends
Tillman County, Oklahoma showcases notably more affordable home values fluctuating around $53,100 to $63,900, contrasting the state's median of $170,500 and the national median of $179,400 in 2022. This represents potential for cost-effective investments, particularly with recent value spikes hinting at future growth. The significant rise in residential energy tax credits from $225.00 in 2013 to... Read more
Median Value of Occupied Housing Units in Tillman County, Oklahoma Over the Last 8 Years
Median home values in Tillman County, Oklahoma have shown fluctuating yet generally lower trends over the past eight years compared to state and national levels. With values hovering around $53,100 to $63,900 recently, Tillman County offers a more affordable option for potential buyers when juxtaposed against Oklahoma’s state median, which reached $170,500 in 2022. Moreover, when compared to the national median value of $179,400 in the same year, Tillman County's residential properties might present a cost-effective investment opportunity. The noticeable spike in 2022 indicates a potential upward trajectory, potentially signaling a future growth phase in the local real estate market.
Residential Energy Tax Credit Per Tax Return in Tillman County, OK Over the Last 3 Years
Over the past three years, Tillman County, Oklahoma has seen a significant increase in the average residential energy tax credit per tax return, rising from $225.00 in 2013 to $400.00 in 2016. This surge may suggest a growing awareness and adoption of energy-efficient home improvements among residents, providing potential benefits for homeowners, investors, and real estate agents interested in promoting eco-friendly properties. For appraisers and insurance agents, this trend could indicate a boost in property values and reduced risk profiles linked to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Tillman County, OK Over the Last 10 Years
Average real estate taxes per tax return in Tillman County, Oklahoma over the last 10 years have shown a fluctuating trend. From $1,046.67 in 2012, taxes gradually increased, peaking at $1,500.00 in 2018, before dipping to $1,050.00 by 2021. This variability could indicate shifts in property values, tax policies, or economic factors affecting homeowners. Investors and real estate agents may find these trends significant when assessing the financial landscape of the county.
Percentage of Farm Returns in Tillman County, OK Over the Last 10 Years
Tillman County, Oklahoma has seen fluctuating percentages in farm tax returns over the last decade. Starting at approximately 12.54% in 2012, the percentage slightly decreased to 11.30% by 2021. Notable peaks occurred in 2015 and 2016, with returns hitting about 12.71% and 13.04% respectively. Understanding these trends in farm returns is crucial for anyone considering agricultural investments or development in this rural area, as they can serve as indicators of the local farming economy's health and potential profitability.
Number of Mortgages by Occupancy Type in Tillman County, OK Over the Last 5 Years in Tillman County
The trends in Tillman County, Oklahoma, reveal a steady increase in mortgages for principal residences over the past five years, peaking at 181 in both 2021 and 2022. Conversely, investment property mortgages saw more fluctuation, with a high of 12 in 2019 and a low of 3 in 2020. Second residence mortgages consistently remained minimal. For potential investors, changes in occupancy types might reflect shifting housing demands which could influence property values and rental market viability. Those considering moving to or investing in Tillman County should weigh these variations, as they offer insight into market dynamics and stability.
Economic Outlook
In Tillman County, Oklahoma, the average taxable income per tax return has seen a general upward trend over the past nine years, hitting a high of $42,856.93 in 2021, which could point to economic growth or shifts in the job market. Meanwhile, state and local income taxes peaked in 2013 at $4,640.74 but dipped to $3,088.89 in 2020 before a slight rise in 2021. Average total tax liabilities have hovered around $5,000, though they dropped to $4,602.97 in 2015 and rebounded to $5,439.71 by 2021.... Read more
Average Taxable Income per Tax Return in Tillman County, OK over the last 9 years
Over the past nine years, Tillman County, Oklahoma has experienced fluctuation in average taxable income per tax return. The lowest point occurred in 2016 at $36,674.91, while the highest was recorded in 2021 at $42,856.93. Despite some dips, such as in 2015 and 2020, the general trend seems to suggest an overall increase, potentially indicating economic growth or shifts in the local job market. This trend could be of interest to investors, real estate agents, and anyone considering moving to the area, as it might signal evolving financial stability within the county.
Average State and Local Income Taxes Per Tax Return in Tillman County, OK Over the Last 10 Years
Over the past decade, Tillman County, Oklahoma has seen fluctuations in average state and local income taxes per tax return. Peaking at $4640.74 in 2013, the figures generally trended downwards, reaching a low of $3088.89 in 2020 before slightly climbing to $3900.00 in 2021. This volatility could suggest economic dynamics that potential investors, real estate professionals, and residents might consider when evaluating the financial landscape of the county.
Average Total Tax Liability Per Tax Return in Tillman County, OK Over the Last 10 Years
Over the past decade in Tillman County, Oklahoma, average total tax liabilities per tax return have experienced fluctuations but generally hovered around the $5,000 mark. Notably, a significant dip occurred in 2015, with liabilities dropping to approximately $4,602.97, followed by a slight rebound in subsequent years. By 2021, the tax liability climbed to around $5,439.71, reflecting a trend of recovery and potential economic stabilization. This ebb and flow could indicate varying economic conditions and investment opportunities, making it a point of interest for investors, real estate professionals, and locals assessing the county's financial landscape.
Cost of Living in Tillman County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $970 | $1,420 | $2,142 | $1,004 | $1,184 |
| 1 adult 4 children | $970 | $1,159 | $1,641 | $1,004 | $1,246 |
| 2 adults 3 children | $970 | $1,160 | $1,857 | $1,004 | $944 |
| 1 adult 3 children | $970 | $947 | $1,356 | $1,004 | $930 |
| 2 adults 2 children | $797 | $949 | $1,572 | $885 | $819 |
| 1 adult 2 children | $797 | $709 | $1,071 | $885 | $729 |
| 2 adults 1 child | $797 | $750 | $1,288 | $500 | $778 |
| 1 adult 1 child | $797 | $485 | $786 | $500 | $628 |
| 2 adults | $700 | $603 | $1,003 | $0 | $676 |
| 1 adult | $619 | $329 | $501 | $0 | $564 |
Safety trends & Data
Tillman County, Oklahoma has shown some curious variations in property crime over the past five years. Burglary rates have hovered around 10 incidents annually, peaking in 2019. Larceny-Theft is most frequent, averaging about 10 incidents each year. Motor Vehicle Theft remains low and steady, typically around 2-3 cases yearly. Vandalism and Stolen Property crimes are moderately active, while Embezzlement, Arson, and Forgery occur sporadically. For potential investors and residents,... Read more
Property Crime Trends in Tillman County, OK Over the Last 5 Years
Tillman County, Oklahoma has seen some interesting shifts in property crime over the past five years. Burglary rates have fluctuated but largely remained under 10 incidents per year, peaking at 10 in 2019. Larceny-Theft is the most common crime, with an average of around 10 incidents annually. Motor Vehicle Theft numbers are lower and relatively stable, typically around 2-3 cases per year. Vandalism and Stolen Property crimes show moderate activity, while incidents like Embezzlement, Arson, and Forgery see sporadic occurrences. For potential investors and residents, these trends offer insights into local safety and can impact property values and insurance premiums.
Demographics
Tillman County, Oklahoma, shows a somewhat balanced gender distribution among adults, reflective of broader societal averages. Education-wise, the majority appear to have completed at least high school, though a significant segment has not pursued higher education. Age distribution hints at a relatively even representation across age brackets, but with a notable proportion in the 55 to 64 years range. Racially, the county is predominantly White, yet there's some diversity with Black, American... Read more
Race Distribution in Tillman County, Oklahoma (2022)
Educational Attainment in Tillman County, Oklahoma (2022)
Age Distribution in Tillman County, Oklahoma
Citizen Population in Tillman County, Oklahoma (2022)
Political Trends & Data
Tillman County in Oklahoma seems to have a pronounced Republican preference, as evidenced by roughly 77% of the votes going to the GOP in the 2020 Presidential Election. The Democratic Party captured a little over 22%, with minor portions going to Libertarian and smaller parties. This strong conservative tilt might be a key for political analysts looking to understand voter behavior in rural parts of the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tillman County in Oklahoma appears to have shown a strong leaning towards the Republican Party in the 2020 U.S. Presidential Election, with around 77% of the votes. The Democratic Party garnered just over 22%, while minor percentages went to the Libertarian and other smaller parties. This suggests that the county might be solidly conservative, a useful indicator for political strategists and analysts trying to understand voter behavior in rural Oklahoma.
76.66% of voters voted for the Republican party in the 2020 Presidential Election
22.05% of voters voted for the Democrat party in the 2020 Presidential Election
0.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.41% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tillman County, Oklahoma has seen its student-to-teacher ratio generally stay below the national average of 14 students per teacher, with peaks in 2018 at 14 and lows in 2021 and 2022 at 12. This trend of lower ratios might imply more individualized student attention, potentially indicating higher quality education. For real estate agents, appraisers, and insurers, this could serve as a selling point or factor into property valuation and risk... Read more
Student-to-teacher ratio in Tillman County, Oklahoma over the last 10 years
Tillman County, Oklahoma has seen its student-to-teacher ratio fluctuate modestly over the past decade, generally staying below the national average of 14 students per teacher. Peaks occurred in 2018 with 14 students per teacher, while the lowest ratios appeared in 2021 and 2022 with 12 and 12 students per teacher, respectively. For those looking to invest or move to the area, a lower student-to-teacher ratio could imply more individualized attention for students, potentially translating to higher quality education. For real estate agents, appraisers, and insurers, this trend might suggest a favorable education environment, which could be a selling point or factor in property valuation and risk assessment.
