Tulsa County Real Estate and Livability Trends
In Tulsa County, Oklahoma, median home values jumped from $138,500 in 2015 to $196,300 in 2022, outpacing state and national averages, which suggests growing real estate appeal. Notably, residential energy tax credits peaked at $1,650.00 in 2018, indicating a tilt towards sustainable investments. Real estate taxes per return also climbed to $5,624.87 in 2021, reflecting rising property values and... Read more
Tulsa County Market Trends
Tulsa County, Oklahoma has seen a dramatic rise in median home values over the past eight years, from $138,500 in 2015 to $196,300 in 2022, outpacing state and national trends. This growth suggests the area could be increasingly attractive for real estate investment. Residential energy tax credits have fluctuated notably, peaking impressively at $1,650.00 in 2018, suggesting a market leaning... Read more
Median Value of Occupied Housing Units in Tulsa County, Oklahoma Over the Last 8 Years
Over the last eight years, median home values in Tulsa County, Oklahoma have seen a dramatic rise from $138,500 in 2015 to $196,300 in 2022, outpacing both the state and national trends. This growth trajectory suggests Tulsa County could be an increasingly attractive spot for real estate investment compared to other areas in Oklahoma and the broader United States. Those looking to invest, move, or build property might find the county's accelerating home values indicative of strong local demand and potential return on investment.
Residential Energy Tax Credit Per Tax Return in Tulsa County, OK Over the Last 9 Years
Over the last nine years, residential energy tax credits per tax return in Tulsa County, Oklahoma have shown noteworthy fluctuations. Starting at approximately $352.58 in 2013, the credit peaked impressively at $1,650.00 in 2018, reflecting a growing interest or policy push in energy-efficient investments. Although the credit dipped to $709.89 in 2019, it progressed to reach $1,131.76 by 2021. This rise signals potential opportunities for stakeholders focusing on sustainable energy upgrades, making Tulsa County a dynamic market for energy-conscious investments.
Average Real Estate Taxes Per Tax Return in Tulsa County, OK Over the Last 10 Years
Tulsa County, Oklahoma has seen a noticeable upward trend in real estate taxes per tax return over the past decade. Starting at $3,003.80 in 2012, these taxes have steadily increased each year, reaching $5,624.87 by 2021. This consistent rise, particularly the significant jump in 2018, which brought the average to over $5,100, suggests a growing market value in the area. For investors, real estate agents, and appraisers, this trend could reflect a valuable opportunity, hinting at appreciating property values and a robust local economy. Meanwhile, insurance agents might note the potential for higher premiums tied to these increased valuations.
Percentage of Farm Returns in Tulsa County, OK Over the Last 10 Years
Farm tax returns in Tulsa County, Oklahoma, have seen a subtle decline over the last decade. Starting at 0.71% in 2012, the percentage decreased to 0.62% by 2021, with minor fluctuations along the way. This trend might suggest a shifting economic focus away from agriculture or possibly consolidation among existing farm operations. Investors, potential homeowners, and those generally interested in the area's development should consider how these agricultural trends could impact local real estate, land values, and economic opportunities.
Number of Mortgages by Occupancy Type in Tulsa County, OK Over the Last 5 Years in Tulsa County
Mortgages for principal residences in Tulsa County, Oklahoma, have remained consistently high over the past five years, with 2021 showing a peak at nearly 38,000. Investment properties and second residences, however, show much lower counts, indicating a predominant focus on primary living spaces. This trend could affect market dynamics, potentially leading to more stable neighborhoods and possibly lower vacancy rates, appealing to potential homeowners and steady investors. For real estate agents and appraisers, this suggests a robust demand for primary residences, whereas insurers might see a lower risk profile due to fewer investment properties that might otherwise sit vacant longer. Those considering a move or investment in Tulsa County should weigh these dynamics when assessing property values and long-term stability.
Economic Outlook
In Tulsa County, Oklahoma, average taxable income per tax return has shown an upward trend, peaking at $86,035.11 in 2021. However, there were periods of slight dips, notably in 2016 and 2020. Meanwhile, state and local income taxes have also risen sharply, with a significant spike between 2017 and 2018. Additionally, the average total tax liability per tax return varies notably, with the highest at $15,852.60 in 2021 and the lowest at $12,566.78 in 2020. The percentage of residents under the... Read more
Average Taxable Income per Tax Return in Tulsa County, OK over the last 9 years
Over the past nine years, Tulsa County, Oklahoma has seen fluctuations in average taxable income per tax return, with a notable peak in 2021 at $86,035.11. The income figures have generally trended upwards, though there were periods of slight declines such as in 2016 and 2020. The consistent increase in recent years might suggest economic growth or improved earnings in the region, which could be significant for potential investors, new residents, and real estate professionals assessing the local market's financial health.
Average State and Local Income Taxes Per Tax Return in Tulsa County, OK Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Tulsa County, Oklahoma, have fluctuated significantly. Starting at $7,398.86 in 2012 and rising steadily, there was a notable spike in 2018 to $10,928.72, eventually reaching $12,739.49 by 2021. This pattern suggests a potentially increasing tax burden, which could impact decisions for potential investors, homeowners, appraisers, and real estate agents. Notably, the sharp rise in taxes from 2017 to 2018 might warrant further investigation into local fiscal policies or economic conditions during that period.
Average Total Tax Liability Per Tax Return in Tulsa County, OK Over the Last 10 Years
Over the last decade, Tulsa County, Oklahoma has seen notable fluctuations in average total tax liability per tax return. After peaking at $15,852.60 in 2021, recent years saw lows of $12,566.78 in 2020 and $12,962.65 in 2016. These variations can signal shifts in economic conditions and earnings within the county, potentially influencing decisions for investors, property developers, and real estate agents considering the region. The highest average tax liability suggests periods of higher income levels, which might interest appraisers and insurance agents assessing property values and risks.
Cost of Living in Tulsa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,320 | $1,532 | $1,930 | $1,517 | $1,411 |
| 1 adult 4 children | $1,320 | $1,251 | $1,476 | $1,517 | $1,512 |
| 2 adults 3 children | $1,320 | $1,252 | $1,675 | $1,517 | $1,167 |
| 1 adult 3 children | $1,320 | $1,022 | $1,220 | $1,517 | $1,249 |
| 2 adults 2 children | $1,002 | $1,025 | $1,419 | $1,350 | $949 |
| 1 adult 2 children | $1,002 | $765 | $965 | $1,350 | $910 |
| 2 adults 1 child | $1,002 | $810 | $1,164 | $806 | $872 |
| 1 adult 1 child | $1,002 | $523 | $710 | $806 | $716 |
| 2 adults | $793 | $651 | $908 | $0 | $647 |
| 1 adult | $722 | $355 | $454 | $0 | $548 |
Safety trends & Data
Property crime trends in Tulsa County, Oklahoma have seen notable fluctuations over the past five years. Burglary instances slightly decreased, while larceny-theft dropped significantly from 3,312 cases in 2018 to 1,965 in 2021, with a minor increase to 2,329 in 2022. Motor vehicle theft spiked in 2021, with 337 arrests compared to just 114 in 2018. Embezzlement cases saw a steep decline from 177 in 2018 to 23 by 2022, potentially indicating better preventive measures or changes in criminal... Read more
Property Crime Trends in Tulsa County, OK Over the Last 5 Years
Property crime trends in Tulsa County, Oklahoma have shown notable fluctuations over the past five years, indicating varying levels of risk and security concerns for potential investors, appraisers, and residents. Burglary instances slightly decreased, while larceny-theft saw a marked drop from 3,312 cases in 2018 to 1,965 in 2021, with a slight uptick in 2022 to 2,329. Motor vehicle theft peaked dramatically in 2021 at 337 arrests compared to 114 in 2018. Cases of embezzlement have plummeted from 177 in 2018 to just 23 by 2022, suggesting increased preventive measures or shifts in criminal activity. Trends in fraud, vandalism, and arson also exhibit variability, underscoring the need for nuanced, localized crime prevention strategies and risk assessments for those involved in the property market.
Demographics
Tulsa County, Oklahoma, reveals a slightly higher female population compared to males, which is not uncommon in many regions. The age distribution highlights a significant number of residents in the 25 to 34 years range, possibly indicating a vibrant, working-age community. Educational attainment shows a considerable portion of the population holds a high school diploma or some college education but relatively fewer individuals have obtained bachelor's or higher degrees. The racial composition... Read more
Race Distribution in Tulsa County, Oklahoma (2022)
Educational Attainment in Tulsa County, Oklahoma (2022)
Age Distribution in Tulsa County, Oklahoma
Citizen Population in Tulsa County, Oklahoma (2022)
Political Trends & Data
Tulsa County in Oklahoma appeared to lean Republican in the 2020 U.S. Presidential Election, with approximately 56.5% of the vote possibly going to the GOP. The Democratic party might have secured around 40.9%, and the Libertarian party seemed to capture just over 1.8%. This trend might indicate Tulsa's conservative-leaning political landscape, aligning with broader state patterns in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Tulsa County in Oklahoma showed a possible leaning towards the Republican party during the 2020 U.S. Presidential Election, with approximately 56.5% of the vote. The Democratic party potentially garnered around 40.9%, while the Libertarian party appeared to capture just over 1.8%. Votes for other parties were seemingly marginal at less than 1%. This trend may suggest Tulsa's political landscape is more conservative, reflecting broader state patterns in Oklahoma.
56.46% of voters voted for the Republican party in the 2020 Presidential Election
40.87% of voters voted for the Democrat party in the 2020 Presidential Election
1.82% of voters voted for the Livertarian party in the 2020 Presidential Election
0.84% of voters voted for the Other party in the 2020 Presidential Election
School Data
Tulsa County, Oklahoma has experienced varying student-to-teacher ratios, generally around 17 students per teacher, surpassing the national average of 14. An unusual spike to 25 in 2021 might reflect specific demands or resource constraints, factors that can influence real estate attractiveness. For those planning to build or buy property, these educational trends could offer insights into how the county's schools might impact property values and family... Read more
Student-to-teacher ratio in Tulsa County, Oklahoma over the last 10 years
Tulsa County, Oklahoma has seen notable fluctuations in its student-to-teacher ratio over the past decade. The ratio generally hovered around 17 students per teacher, surpassing the national average of 14. However, an unusual spike to 25 in 2021 raises questions about specific demands or resource constraints that year. This trend may impact investors, real estate agents, and insurance agents, as lower student-to-teacher ratios can enhance the attractiveness of the area to families. For those looking to build or buy property, understanding these dynamics can provide valuable insights into the county's educational environment and its potential influence on property values.
