Washington County Real Estate and Livability Trends
Washington County, Oklahoma's real estate market is seeing notable trends: median home values have increased from $111,300 in 2015 to $151,000 in 2022, still below state and national medians. This may attract buyers seeking more affordable housing. Steady rises in real estate taxes, now at $3,626.43, could mean higher costs for owners and investors. Interestingly, investment in energy-efficient... Read more
Washington County Market Trends
Washington County, Oklahoma has experienced a rise in median home values from $111,300 in 2015 to $151,000 in 2022, though it still falls behind the state median of $170,500 and national median of $179,400. This might entice homebuyers looking for relatively affordable options. Residential energy tax credits have fluctuated significantly, peaking at $1,433.33 in 2018, possibly indicating... Read more
Median Value of Occupied Housing Units in Washington County, Oklahoma Over the Last 8 Years
Washington County, Oklahoma has seen a steady increase in median home values over the past eight years, jumping from $111,300 in 2015 to $151,000 in 2022. While the county's growth is impressive, it's worth noting that it's still trailing behind the state's median value, which hit $170,500 in 2022, and the national median, which reached $179,400 the same year. This gap might attract potential homebuyers looking for relatively affordable options compared to broader state and national markets. For investors, the consistent upward trend suggests potential for continued appreciation, making it a potentially viable option for growth-oriented endeavors.
Residential Energy Tax Credit Per Tax Return in Washington County, OK Over the Last 9 Years
Over the past nine years, Washington County, Oklahoma has seen significant fluctuations in average residential energy tax credits per tax return. Starting at $368.29 in 2013, it experienced a notable drop to $296.30 by 2015 before gradually climbing. The largest spike was in 2018, with an average credit of $1,433.33. Recent years have shown substantial, albeit inconsistent, increases, suggesting that residents might be increasingly investing in energy-efficient home improvements. This could be an enticing indicator for real estate investors, builders, and insurance agents, hinting at a possible rising trend in energy-efficient upgrades that enhance property values.
Average Real Estate Taxes Per Tax Return in Washington County, OK Over the Last 10 Years
Real estate taxes in Washington County, Oklahoma have seen a general upward trend over the past decade, starting from $2,126.18 in 2012 to $3,626.43 in 2021. Significant spikes occurred in 2017 and 2018, with the latter year seeing an increase of over $600 from the previous year, going from $2,715.66 to $3,337.71. These rising taxes could be of interest to investors and homeowners who need to account for increasing costs in their financial planning, as well as to appraisers and insurance agents who factor tax trends into property valuations and insurance premiums.
Percentage of Farm Returns in Washington County, OK Over the Last 10 Years
In Washington County, Oklahoma, the percentage of farm tax returns has fluctuated slightly over the past 10 years, trending around 3.5% to 3.8%. Farm tax returns, which represent the proportion of local income derived from agricultural activities, saw a peak in 2017 at about 3.74% before dipping to a low in 2020 at approximately 3.37%. This data could suggest a relatively stable agricultural sector with minor variances possibly reflecting changes in agricultural output, market conditions, or policy impacts. Potential investors and new residents looking into the area should note the consistent significance of farming to the local economy as it can influence property values, job opportunities, and community activities.
Number of Mortgages by Occupancy Type in Washington County, OK Over the Last 5 Years in Washington County
Washington County, Oklahoma has demonstrated notable trends in mortgage counts over the last five years. Principal residences overwhelmingly dominate, suggesting a strong trend toward long-term homeownership. Investment property mortgages have seen a smaller, but steady number, signaling consistent interest in rental or resale opportunities. Meanwhile, second residences are minimal but have modestly fluctuated, indicating limited yet persistent interest in vacation or seasonal homes. These changes in occupancy types are crucial for investors, potential residents, and real estate professionals since they shed light on market stability, demand patterns, and potential returns on investment in the area.
Economic Outlook
Washington County, Oklahoma has shown a steady increase in average taxable income per tax return, rising from $60,524.08 in 2013 to $74,110.51 by 2021. Alongside this, average state and local income taxes per tax return jumped from $6,050.93 in 2012 to $9,716.20 in 2021, possibly reflecting economic growth or tax policy shifts. The average total tax liability also saw an upward trend, peaking at $11,789.60 in 2021, despite a dip in 2020. This progressive fiscal environment suggests economic... Read more
Average Taxable Income per Tax Return in Washington County, OK over the last 9 years
Washington County, Oklahoma has experienced a notable upward trend in average taxable income per tax return over the past nine years. Starting at approximately $60,524.08 in 2013, the average income has gradually climbed to around $74,110.51 by 2021. This increase may be indicative of economic growth and potentially rising wages in the area, making it an attractive scenario for potential investors and new residents. The spike in 2021 suggests significant recent economic activity or wage adjustments that could impact property values and the real estate market.
Average State and Local Income Taxes Per Tax Return in Washington County, OK Over the Last 10 Years
Over the past decade, Washington County, Oklahoma has seen a notable rise in average state and local income taxes per tax return. From $6,050.93 in 2012 to $9,716.20 in 2021, the jump is significant and may reflect broader economic changes, shifts in tax policies, or rising incomes. The sharp increase starting in 2018 suggests potential tax policy changes or economic factors that could be of interest to potential investors, property builders, and real estate agents. Those assessing property or discussing insurance in the area should be aware of this trend as it could impact valuations and premiums.
Average Total Tax Liability Per Tax Return in Washington County, OK Over the Last 10 Years
In Washington County, Oklahoma, an upward trend in average total tax liability per tax return can be observed over the past decade. Starting at $10,348.13 in 2012, the liability experienced fluctuations, peaking at $11,789.60 in 2021. Notably, there was a dip in 2020 to $10,301.05, possibly indicative of broader economic impacts. Investors and real estate agents should consider the steady increase as a sign of growing economic activity and potential property value appreciation in the area.
Cost of Living in Washington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,131 | $1,468 | $1,893 | $1,214 | $1,207 |
| 1 adult 4 children | $1,131 | $1,199 | $1,448 | $1,214 | $1,289 |
| 2 adults 3 children | $1,131 | $1,199 | $1,642 | $1,214 | $977 |
| 1 adult 3 children | $1,131 | $979 | $1,197 | $1,214 | $1,016 |
| 2 adults 2 children | $797 | $982 | $1,391 | $1,071 | $808 |
| 1 adult 2 children | $797 | $733 | $946 | $1,071 | $728 |
| 2 adults 1 child | $797 | $776 | $1,140 | $605 | $755 |
| 1 adult 1 child | $797 | $501 | $695 | $605 | $600 |
| 2 adults | $706 | $623 | $889 | $0 | $623 |
| 1 adult | $686 | $340 | $445 | $0 | $545 |
Safety trends & Data
Washington County, Oklahoma, has seen a changing landscape in property crime trends. Larceny-theft peaked at 88.00 instances in 2019 but declined to 29.00 by 2022, while burglaries rose until 2020 before dropping. Motor vehicle thefts spiked in 2019 but have stabilized, and embezzlement stayed low. Conversely, fraud and vandalism remain steady, suggesting areas that could benefit from targeted interventions. These trends can influence investment strategies, property development, and community... Read more
Property Crime Trends in Washington County, OK Over the Last 5 Years
Washington County, Oklahoma, has seen a fluctuating pattern in property crimes over the last five years. Larceny-theft continues to be the most reported crime, peaking at 88.00 instances in 2019 but showing a general decline to 29.00 by 2022. Burglaries increased until 2020 before dropping significantly. Motor vehicle thefts spiked in 2019 but have since stabilized. Interestingly, embezzlement remains notably low throughout the period. Fraud and vandalism, however, show a relatively steady presence, potentially indicating areas requiring targeted intervention. These crime trends suggest evolving challenges that can inform investment decisions, property development, and community safety initiatives.
Demographics
Washington County, Oklahoma presents a balanced gender population with a slight predominance of females. The area's educational attainment indicates a significant portion of residents have completed high school or higher education, suggesting the community values academic achievement. Age distribution shows a fairly even spread across various age groups, which may imply a stable demographic with potential for sustained local economic activity. The racial composition is predominantly White, with... Read more
Race Distribution in Washington County, Oklahoma (2022)
Educational Attainment in Washington County, Oklahoma (2022)
Age Distribution in Washington County, Oklahoma
Citizen Population in Washington County, Oklahoma (2022)
Political Trends & Data
In Washington County, Oklahoma, the 2020 Presidential Election results indicate a strong Republican leaning, with roughly 72.7% of the vote. Democrats garnered about 24.6%, while Libertarians received a modest 1.9%. This significant Republican preference potentially influences local and state political strategies and might also reflect certain socio-economic and cultural trends important for understanding the area's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Washington County, Oklahoma, the 2020 Presidential Election results suggest a significant lean towards the Republican Party, which garnered roughly 72.7% of the vote. Democrats trailed considerably with about 24.6%, while Libertarians secured a modest 1.9%. Other parties had minimal impact, collectively receiving just over 0.8% of the total votes. This distribution might indicate a strong Republican stronghold in the area, potentially shaping future local and state political strategies.
72.66% of voters voted for the Republican party in the 2020 Presidential Election
24.64% of voters voted for the Democrat party in the 2020 Presidential Election
1.89% of voters voted for the Livertarian party in the 2020 Presidential Election
0.81% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washington County, Oklahoma has seen its student-to-teacher ratio fluctuate significantly, with a peak of nearly 38 students per teacher in 2017 and 2018, before stabilizing closer to 18-19 students per teacher, still above the national average of 14. These shifts may influence perceived education quality, affecting community value and potentially swaying real estate decisions, especially for families prioritizing schooling in their relocation... Read more
Student-to-teacher ratio in Washington County, Oklahoma over the last 10 years
Washington County, Oklahoma has seen significant fluctuations in its student-to-teacher ratio over the last decade. While the ratio was around 15 students per teacher for several years, it spiked dramatically to nearly 38 students per teacher in 2017 and stayed high in 2018. More recently, the ratio has settled closer to 18 to 19 students per teacher, which is still notably above the national average of 14 students per teacher. For those considering investing or moving here, such variances can impact the perceived quality of education. Appraisers and insurance agents might see this as a factor in community value, while real estate agents could find it a critical point in discussions with families.
