Washita County Real Estate and Livability Trends
Washita County, Oklahoma has seen its median home values increase from $77,600 in 2015 to $102,600 in 2022, still lagging behind state and national medians. Investment interests also appear to be shifting, with mortgage activity for principal residences peaking at 326 in 2021 before dropping to 242 in 2022. The average taxable income per tax return has shown resilience, bouncing back to... Read more
Washita County Market Trends
Over the past eight years, Washita County, Oklahoma has seen its median home values increase from $77,600 in 2015 to $102,600 in 2022, but these remain below both the state median of $170,500 and the national median of $179,400. Residential energy tax credits per tax return demonstrated significant fluctuations, notably spiking to $2,100.00 in 2019. Real estate taxes per tax return rose from... Read more
Median Value of Occupied Housing Units in Washita County, Oklahoma Over the Last 8 Years
Over the past eight years, Washita County, Oklahoma has seen its median home values rise from $77,600 in 2015 to $102,600 in 2022. This growth, although appreciable, remains below the state median which climbed to $170,500 and significantly under the national median that reached $179,400 in 2022. Such a disparity suggests Washita County's real estate market might offer more affordable investment opportunities compared to broader trends in Oklahoma and across the United States, enticing for prospective homebuyers or investors looking for lower entry points in property investment.
Residential Energy Tax Credit Per Tax Return in Washita County, OK Over the Last 7 Years
Washita County, Oklahoma has witnessed notable fluctuations in residential energy tax credits per tax return over the past seven years, demonstrating a significant increase overall. Starting at $342.86 in 2013, the values spiked to $540.00 in 2014, dropped to $250.00 in 2015, and surged to $2,100.00 by 2019. Though somewhat decreased, 2020 and 2021 maintained elevated averages of $1,333.33 and $1,400.00 respectively. This trend could be an indicator of increasing investments in energy-efficient home improvements or changes in tax policies, making it potentially attractive for homeowners, real estate agents, and investors focused on sustainable living.
Average Real Estate Taxes Per Tax Return in Washita County, OK Over the Last 10 Years
Washita County, Oklahoma has seen a consistent rise in real estate taxes per tax return over the past decade, starting from $804.48 in 2012 and peaking at $1762.50 in 2020 before a slight drop to $1627.27 in 2021. This upward trend indicates a growing tax burden for property owners, which could impact decisions for potential investors, property developers, and current residents considering the long-term financial implications. Appraisers and insurance agents should note these increases for valuation and risk assessment purposes, while real estate agents may want to communicate these trends to clients as part of their advisory services.
Percentage of Farm Returns in Washita County, OK Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Washita County, Oklahoma has shown a slight upward trend. Starting from roughly 17.15% in 2012, it moved with subtle fluctuations to about 18.63% in 2021. Farm tax returns, which represent the number of tax filings from agricultural activities, can often indicate the robustness and perhaps the growth of agricultural businesses within the county. For potential investors, property developers, or new residents, these trends may suggest stable or increasing agricultural prosperity, which can translate into broader economic stability in the region.
Number of Mortgages by Occupancy Type in Washita County, OK Over the Last 5 Years in Washita County
Washita County, Oklahoma has observed fluctuating mortgage activity over the past five years, with a notable peak in 2021 for principal residences at 326 mortgages, and a significant drop to 242 in 2022. Investment properties have experienced a smaller but noticeable increase from 19 to 26 mortgages in the same period. Second residences remain extremely low, almost negligible. These shifts in occupancy type can indicate changing market dynamics, potentially signaling trends in investment interest versus homeownership. For investors, this might suggest a more competitive market for principal residences, while insurance agents and appraisers might see varying risk profiles and property values. Real estate agents and those looking to move to the area should be aware of these dynamics as they suggest where demand is trending.
Economic Outlook
Washita County, Oklahoma has seen some significant shifts in average taxable income per tax return, with a high of around $57,340.12 in 2014 and a low of about $41,988.04 in 2016. The recent uptick to $47,958.58 in 2021 might hint at a resilient local economy despite past upheavals. Average state and local income taxes have also been erratic, peaking at $5,788.24 in 2019 and dropping to $3,832.76 in 2017. These trends could impact real estate appraisals, investment decisions, and even insurance... Read more
Average Taxable Income per Tax Return in Washita County, OK over the last 9 years
Washita County, Oklahoma has seen notable fluctuations in average taxable income per tax return over the past nine years, peaking at approximately $57,340.12 in 2014 and dipping to around $41,988.04 in 2016. This variability likely influences real estate appraisals, investment prospects, and property values. Insurance agents and potential investors may also find the slight rebound in recent years, with a value of about $47,958.58 in 2021, indicative of economic resilience despite ongoing unpredictability.
Average State and Local Income Taxes Per Tax Return in Washita County, OK Over the Last 10 Years
In Washita County, Oklahoma, the average state and local income taxes per tax return have generally fluctuated over the last decade, with the highest at $5,788.24 recorded in 2019 and the lowest at $3,832.76 in 2017. This variability could influence decisions for those considering investments or relocations, potentially indicating economic factors at play in the region. Real estate agents, insurers, and financial advisors might find these insights particularly useful when advising clients on property investments, tax implications, and personal finance strategies in Washita County.
Average Total Tax Liability Per Tax Return in Washita County, OK Over the Last 10 Years
Over the past decade, Washita County, Oklahoma has experienced notable fluctuations in the average total tax liability per tax return. The peak was in 2014 at approximately $9,415.53, while the lowest point occurred in 2016, reaching around $5,626.92. These variations could indicate changing economic conditions impacting taxpayer obligations. For real estate agents, investors, and insurance agents, understanding these trends may provide insights into the local economic health and potential risks when assessing property values or making investment decisions in the area.
Cost of Living in Washita County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $970 | $1,468 | $2,142 | $1,127 | $1,270 |
| 1 adult 4 children | $970 | $1,199 | $1,641 | $1,127 | $1,344 |
| 2 adults 3 children | $970 | $1,199 | $1,857 | $1,127 | $1,022 |
| 1 adult 3 children | $970 | $979 | $1,356 | $1,127 | $1,051 |
| 2 adults 2 children | $797 | $982 | $1,572 | $994 | $892 |
| 1 adult 2 children | $797 | $733 | $1,071 | $994 | $798 |
| 2 adults 1 child | $797 | $776 | $1,288 | $562 | $816 |
| 1 adult 1 child | $797 | $501 | $786 | $562 | $667 |
| 2 adults | $706 | $623 | $1,003 | $0 | $699 |
| 1 adult | $619 | $340 | $501 | $0 | $580 |
Safety trends & Data
Washita County, Oklahoma has experienced fluctuating property crime trends over the last five years, with burglary arrests peaking at 7 in 2021 and larceny-theft incidents spiking to 7 cases in 2020. Motor vehicle thefts remained relatively consistent, indicating some ongoing risk. The significant drop in stolen property cases by 2022 might suggest improved law enforcement or shifts in criminal behavior. Vandalism appeared sporadic, while arson and fraud were minimal but notable. These trends... Read more
Property Crime Trends in Washita County, OK Over the Last 5 Years
Washita County, Oklahoma has experienced varied property crime trends over the last five years. Burglary arrests fluctuated, peaking at 7 in 2021, potentially signaling hotspots of concern. Larceny-theft incidents showed a spike in 2020 with 7 cases, possibly indicating increased opportunistic crimes during that period. Motor vehicle thefts remained relatively low but consistent, suggesting some level of persistent risk. Interestingly, cases of stolen property appeared in 2020 and 2021 but saw a significant drop by 2022, hinting at perhaps effective law enforcement or changing criminal behavior. Vandalism seemed more sporadic with no clear pattern, while arson and fraud remained minimal yet notable. These trends collectively offer a nuanced view for investors, real estate agents, and residents, pointing to areas of both stability and concern in terms of property crime and community safety.
Demographics
Washita County, Oklahoma, has a relatively balanced gender distribution, with a slight majority of females over males. Educational attainment shows a significant proportion of residents have at least a high school diploma, but those with a bachelor's degree or higher are notably fewer. The age distribution hints at a substantial older population, particularly in the 55 to 64 years bracket, which may indicate a potential future increase in demand for senior services. The racial composition is... Read more
Race Distribution in Washita County, Oklahoma (2022)
Educational Attainment in Washita County, Oklahoma (2022)
Age Distribution in Washita County, Oklahoma
Citizen Population in Washita County, Oklahoma (2022)
Political Trends & Data
Washita County, Oklahoma, leans heavily Republican, with about 85.50% of the votes going to the GOP in the 2020 U.S. Presidential Election. The Democratic vote share is significantly lower at just over 12.50%, while minor parties like the Libertarians and others barely register. This trend indicates a strong conservative presence in the area, meaning political campaigning or policy initiatives would probably need to align with predominant Republican values to gain... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washita County, Oklahoma, leans heavily Republican, with about 85.5% of the votes going to the GOP in the 2020 U.S. Presidential Election. The Democratic vote share lags significantly at just over 12.5%, while minor parties like the Libertarians and others barely register. This trend reflects a strong conservative presence in the area, suggesting that any political campaigning or policy initiatives would likely need to address the predominant Republican values to resonate effectively with the electorate.
85.53% of voters voted for the Republican party in the 2020 Presidential Election
12.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% of voters voted for the Livertarian party in the 2020 Presidential Election
0.71% of voters voted for the Other party in the 2020 Presidential Election
School Data
Washita County, Oklahoma has experienced student-to-teacher ratios fluctuating below the national average of 14 students per teacher, ranging from around 12 in 2021 to just over 13 in 2015. These lower ratios could imply smaller class sizes and more individualized attention, which may enhance the appeal of the area for families and impact property values positively. High-quality education is often a pivotal factor for potential investors, families, and community developers, making Washita... Read more
Student-to-teacher ratio in Washita County, Oklahoma over the last 10 years
Washita County, Oklahoma's student-to-teacher ratios have shown some fluctuation over the past decade, generally trending below the national average of fourteen students per teacher. The ratio has ranged from approximately twelve in 2021 to just over thirteen in 2015. This lower student-to-teacher ratio could imply smaller class sizes, potentially allowing for more individualized attention from educators. For those considering investing in or moving to Washita County, lower ratios might suggest a more favorable educational environment, which can be a significant factor in property values and the overall appeal of the area. Education quality is often a key consideration for families, real estate agents, and those with vested interests in community development.
