Woods County Real Estate and Livability Trends
Woods County, Oklahoma, has seen a 66% spike in median home values from $88,200 in 2015 to $146,700 in 2022, outpacing broader trends. Real estate taxes surged from $1,185.71 in 2012 to $1,900.00 in 2021, signaling a stronger real estate market. The student-to-teacher ratio dropped to about 10 by 2023, suggesting smaller class sizes and a potentially more attractive educational environment.... Read more
Woods County Market Trends
Woods County's median home values have surged dramatically from $88,200 in 2015 to $146,700 in 2022, a 66% increase that significantly outpaces both statewide and national trends. Real estate taxes in Woods County have seen a notable rise from $1,185.71 in 2012 to $1,900.00 by 2021, pointing to a growing real estate market. Farm tax returns have fluctuated between 16.75% and 18.47%, indicating a... Read more
Median Value of Occupied Housing Units in Woods County, Oklahoma Over the Last 8 Years
Woods County's median home values have surged dramatically, increasing from $88,200 in 2015 to $146,700 in 2022. This 66% rise significantly outpaces the median home value increases seen both statewide in Oklahoma and nationally over the same period. For investors or future homeowners, this suggests growing interest and demand in Woods County relative to broader trends, hinting at potential for further property value appreciation. Those already residing there likely view property in Woods County as a profitable asset given its competitive edge in growth.
Residential Energy Tax Credit Per Tax Return in Woods County, OK Over the Last 3 Years
The reported average residential energy tax credit per tax return in Woods County, Oklahoma showed variability over the past three years. In 2013, the average was around $225.00, increasing to $300.00 in 2014, and then dropping to approximately $233.33 in 2015. This fluctuation potentially signals shifts in residential energy investments or policy changes impacting the tax credits available. For potential investors or homeowners, this trend might suggest inconsistent incentives for energy-efficient home improvements, which is critical for budget forecasting and long-term planning.
Average Real Estate Taxes Per Tax Return in Woods County, OK Over the Last 10 Years
Over the last decade, Woods County, Oklahoma observed a notable upward trend in average real estate taxes per tax return, with figures starting at $1,185.71 in 2012 and reaching up to $1,900.00 by 2021. A peak was evident in 2018 at $1,966.67. This gradual increase, despite a slight dip in 2019, suggests a growing real estate market. Potential investors and homebuyers might find the county's evolving tax landscape indicative of rising property values. Meanwhile, appraisers and insurance agents would likely consider these figures crucial when assessing property risks and values in Woods County.
Percentage of Farm Returns in Woods County, OK Over the Last 10 Years
Over the past decade, Woods County in Oklahoma has seen farm returns fluctuating around 16.75% to 18.47%. Notably, there was a peak in 2018 at approximately 18.47%, indicating potential growth or favorable conditions for farming that year. However, farm returns dipped slightly in 2019 and 2020, hovering around 17.46% and 17.36% respectively, but saw a slight uptick again in 2021 to about 17.97%. For those looking to invest in, move to, or build property in Woods County, these trends in farm returns suggest a relatively steady agricultural sector, with some variability that could reflect broader economic or environmental factors. Farm tax returns in this context likely indicate the profitability and sustainability of farming operations, which can be a critical factor for local economic health. If the share stays on an upward trajectory, it might suggest improving conditions for local farmers, which could be an appealing sign for potential stakeholders.
Number of Mortgages by Occupancy Type in Woods County, OK Over the Last 5 Years in Woods County
Woods County, Oklahoma has shown notable variability in mortgage types over the past five years, with principal residences consistently holding the majority. Investment property mortgages have fluctuated but generally remained lower compared to principal residences. Second residence mortgages persistently represent a small segment of the market. These shifts in occupancy types are crucial for evaluating market stability, potential profitability, and risk levels. For investors, understanding the trends in investment property mortgages might indicate market confidence and investment potential. Homebuyers and builders should pay attention to principal residence trends, which reflect local demand and development opportunities. Meanwhile, appraisers and insurance agents can use this data to assess property values and risks more accurately, impacting insurance premiums and loan terms. Real estate agents should also consider these shifts to fine-tune their strategies for marketing and advising clients.
Economic Outlook
Woods County, Oklahoma has experienced significant fluctuations in average taxable income per tax return over the past nine years. With a peak at $90,032.14 in 2014 and a low of $57,714.04 in 2020, this volatility suggests shifts in economic conditions that could impact disposable incomes. Similarly, the range of state and local income taxes from $8,351.67 in 2016 to $13,546.88 in 2015 shows a general trend toward stabilization in recent years, reflecting potential economic adjustments. Total... Read more
Average Taxable Income per Tax Return in Woods County, OK over the last 9 years
Over the last nine years, Woods County, Oklahoma has seen notable fluctuations in average taxable income per tax return. Peaking at $90,032.14 in 2014, the values have generally trended downward, hitting a low of $57,714.04 in 2020 and modestly recovering to $62,169.91 in 2021. This volatility could imply economic shifts impacting disposable incomes, which is noteworthy for potential investors or property developers assessing regional financial stability and resident wealth. Real estate agents and insurance agents might also find these trends relevant for adjusting their market strategies or risk assessments.
Average State and Local Income Taxes Per Tax Return in Woods County, OK Over the Last 10 Years
Over the past decade, Woods County, Oklahoma has seen fluctuations in state and local income taxes per tax return, ranging from a low of around $8,351.67 in 2016 to a peak of approximately $13,546.88 in 2015. Although there's been some volatility, recent years show a general stabilization, with figures hovering between $9,573.33 and $10,408.33. This variability may impact financial planning for residents and investors considering long-term commitments in the county.
Average Total Tax Liability Per Tax Return in Woods County, OK Over the Last 10 Years
Over the past decade, Woods County, Oklahoma has seen considerable fluctuations in average total tax liability per tax return. The peak was in 2014 at $21,422.47, which suggests a potential period of economic activity or increased income levels. However, from 2016 onwards, there's a noticeable decline, hitting a low of $9,051.20 in 2020, before a slight uptick in 2021 to $9,737.59. This volatility may indicate economic instability or shifts in the local economy, key factors for potential investors, real estate agents, and property developers to consider when evaluating opportunities in the area.
Cost of Living in Woods County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,058 | $1,424 | $2,142 | $1,248 | $1,354 |
| 1 adult 4 children | $1,058 | $1,163 | $1,641 | $1,248 | $1,414 |
| 2 adults 3 children | $1,058 | $1,163 | $1,857 | $1,248 | $1,081 |
| 1 adult 3 children | $1,058 | $949 | $1,356 | $1,248 | $1,123 |
| 2 adults 2 children | $845 | $952 | $1,572 | $1,101 | $922 |
| 1 adult 2 children | $845 | $711 | $1,071 | $1,101 | $867 |
| 2 adults 1 child | $845 | $752 | $1,288 | $622 | $855 |
| 1 adult 1 child | $845 | $486 | $786 | $622 | $705 |
| 2 adults | $694 | $604 | $1,003 | $0 | $700 |
| 1 adult | $656 | $330 | $501 | $0 | $577 |
Safety trends & Data
Woods County, Oklahoma has experienced notable fluctuations in property crimes over the past five years. Burglary incidents peaked at 8 in 2018, then dropped to 2 by 2021 before slightly increasing again. Larceny-theft also declined, from 5 in 2018 to just 1 in 2021. Motor vehicle theft, vandalism, fraud, and embezzlement were sporadic but still present. These trends potentially reflect varying law enforcement focus and shifting local conditions, offering valuable insights for investors and... Read more
Property Crime Trends in Woods County, OK Over the Last 5 Years
Woods County, Oklahoma has seen fluctuations in property crimes over the past five years, with burglary numbers showing a notable inconsistency, peaking at 8 in 2018 and dropping to 2 by 2021 before slightly increasing again. Larceny-theft incidents also saw a decline, moving from 5 in 2018 to just 1 in 2021. While motor vehicle theft and vandalism have occurred sporadically, fraud and embezzlement were infrequent but present. These trends might indicate varying levels of enforcement focus and changing local conditions, valuable insights for prospective investors or those considering relocation. Understanding these dynamics could help insurance agents adjust underwriting criteria and real estate agents to better inform their clients.
Demographics
In 2022, Woods County, Oklahoma saw a slight male majority in its adult population. The educational attainment levels showed a significant portion of residents holding high school diplomas or some college experience, though fewer pursued graduate degrees. The age distribution was relatively balanced, with noticeable peaks in the 20 to 34-year range. The racial composition was predominantly White, with small representations from other racial... Read more
Race Distribution in Woods County, Oklahoma (2022)
Educational Attainment in Woods County, Oklahoma (2022)
Age Distribution in Woods County, Oklahoma
Citizen Population in Woods County, Oklahoma (2022)
Political Trends & Data
Woods County, Oklahoma showed a strong preference for the Republican party in the 2020 U.S. Presidential Election, with over 81% of votes. Democrats secured roughly 16%, while third-party candidates had minimal impact. This heavy conservative leaning might shape local policies and community values, possibly reflecting a limited prioritization of environmental concerns given the negligible support for the Green... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Woods County, Oklahoma, the 2020 U.S. Presidential Election saw a significant leaning towards the Republican party, capturing over 81% of the votes. The Democratic party trailed far behind with roughly 16%, while third-party candidates garnered minimal support. This distribution might suggest a strong conservative base, possibly influencing local policy and community values. The absence of votes for the Green party could imply limited environmental political engagement in this region.
81.38% of voters voted for the Republican party in the 2020 Presidential Election
16.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.79% of voters voted for the Livertarian party in the 2020 Presidential Election
0.76% of voters voted for the Other party in the 2020 Presidential Election
School Data
Woods County, Oklahoma has seen a consistent decrease in the student-to-teacher ratio over the past decade, dropping from around 12 students per teacher in 2014 to approximately 10 in 2023. This trend points to smaller class sizes, which might enhance student outcomes and individualized instruction. Compared to the national average of 14 students per teacher, Woods County's lower ratio could signify a more favorable learning environment. This shift could attract educational service investors,... Read more
Student-to-teacher ratio in Woods County, Oklahoma over the last 10 years
The student-to-teacher ratio in Woods County, Oklahoma has generally decreased over the past decade, dropping from around 12 students per teacher in 2014 to approximately 10 in 2023. This trend suggests smaller class sizes, which could be beneficial for student outcomes and individualized instruction. When compared to the national average of 14 students per teacher, Woods County's lower ratio may indicate a more favorable learning environment. These changes could be of interest to potential investors in educational services, families considering relocation, as well as real estate agents and appraisers aiming to capitalize on the area's educational appeal.
