Woodward County Real Estate and Livability Trends
Woodward County, Oklahoma's real estate market is shaped by dynamic economic shifts and rising property values. Median home values climbed to $161,600 in 2022, staying attractive compared to national and state medians. Residential energy tax credits peaked at $2,920.00 per return in 2018, indicating investments in energy efficiency. Real estate taxes notably increased from $1,331.33 in 2012 to... Read more
Woodward County Market Trends
Woodward County, Oklahoma, has seen a steady climb in median home values over the last eight years, reaching $161,600 in 2022, which is attractive compared to the national median of $179,400 and the state's $170,500. The residential energy tax credits have fluctuated significantly, with a peak at $2920.00 per tax return in 2018, indicating varied investments in energy-efficient improvements. Real... Read more
Median Value of Occupied Housing Units in Woodward County, Oklahoma Over the Last 8 Years
Woodward County, Oklahoma has seen a steady increase in median home values over the last 8 years, reaching $161,600 in 2022. While the county's median home values have consistently risen, they remain lower than the national median of $179,400 and are slightly below Oklahoma's state median of $170,500. This trend could make Woodward County an attractive option for prospective homebuyers and investors seeking more affordable housing within Oklahoma, especially when compared to broader national trends.
Residential Energy Tax Credit Per Tax Return in Woodward County, OK Over the Last 9 Years
Over the last nine years, residential energy tax credits in Woodward County, Oklahoma have experienced noticeable fluctuations. The year 2018 stands out with an exceptionally high average credit of $2920.00 per tax return, which is significantly above the typical range. Other years like 2016 and 2021 also saw relatively high averages at $611.11 and $1100.00 respectively. These variances could indicate intermittent investments in energy-efficient home improvements, possibly influenced by changing government incentives or local economic conditions. For investors, real estate agents, and those considering moving to the area, this trend may suggest a growing interest in sustainable living and potential opportunities for related businesses.
Average Real Estate Taxes Per Tax Return in Woodward County, OK Over the Last 10 Years
Woodward County, Oklahoma has experienced a notable increase in average real estate taxes per tax return over the past decade, rising from approximately $1,331.33 in 2012 to about $2,532.00 in 2021. The most significant jumps appeared between 2017 and 2020, with a particularly marked rise in 2018 when taxes surged by nearly $500. This trend suggests potentially increasing property values and investments in the area, making it an interesting point of analysis for investors, real estate agents, and property developers. Appraisers and insurance agents might find this data useful to estimate property taxes and insurance premiums more accurately.
Percentage of Farm Returns in Woodward County, OK Over the Last 10 Years
Over the last decade, farm tax returns in Woodward County, Oklahoma have hovered around the 10.32% to 12.01% range. While there is some fluctuation year-on-year, there seems to be a slight upward trend, peaking in recent years. Farm tax returns represent submitted tax filings from farms, which can offer clues about the economic health and activity level within the agricultural sector. Investors and potential residents might find this gradual increase encouraging as it may indicate a robust agricultural base, which could be vital for the local economy.
Number of Mortgages by Occupancy Type in Woodward County, OK Over the Last 5 Years in Woodward County
In Woodward County, Oklahoma, the number of mortgages has shown some variability across principal residences, investment properties, and second residences over the past five years. Principal residences have consistently been the dominant occupancy type, peaking in 2021 at 737 but then falling to 445 by 2022. This shift could reflect changes in local demand or economic conditions affecting homeownership rates. Investment properties have seen a slight decline, stabilizing at around 21-28 mortgages per year, which might suggest a more cautious investment approach or market saturation. Second residences display the least activity, maintaining very low numbers, possibly due to limited appeal or available properties in this category. These trends are crucial for investors, real estate agents, appraisers, and others in the property market because they highlight the evolving demand and market conditions influencing Woodward County's real estate landscape.
Economic Outlook
Woodward County, Oklahoma's economic landscape has shown notable volatility over the past decade. Average taxable income per tax return hit its high in 2014 at $71,638.50 but then plummeted to approximately $50,180.77 by 2016, suggesting significant economic changes. State and local income taxes per return also saw an impressive rise, peaking at $9,636.84 in 2019 despite a dip in 2016 and 2017. Additionally, total tax liability per return reached its zenith in 2014 at $13,743.28 but declined... Read more
Average Taxable Income per Tax Return in Woodward County, OK over the last 9 years
Over the past nine years, average taxable income per tax return in Woodward County, Oklahoma has fluctuated significantly. In 2013 and 2014, there were higher averages around $66,197.94 and $71,638.50 respectively, followed by a notable dip through 2016 when averages dropped to a low of around $50,180.77. A gradual recovery is seen from 2017 onwards, with some volatility, reaching an average of $54,105.55 in 2021. This trend may suggest an economically dynamic county, possibly affected by broader economic conditions or local industry shifts, making it an interesting point of consideration for investors, appraisers, and anyone looking to move to or do business in the area.
Average State and Local Income Taxes Per Tax Return in Woodward County, OK Over the Last 10 Years
Woodward County, Oklahoma has seen notable fluctuations in average state and local income taxes per tax return over the past decade. Starting at $6,220.00 in 2012, rates climbed consistently, peaking impressively at $9,636.84 in 2019. However, it's crucial for potential investors and residents to note the significant drops in 2016 and 2017, where averages dipped to around $5,323.57 and $5,025.16, respectively, before rebounding. These tax trends could play an essential role in strategic planning for those considering property investments, relocations, or real estate development in the area, painting a picture of a somewhat unpredictable but recovering economic landscape.
Average Total Tax Liability Per Tax Return in Woodward County, OK Over the Last 10 Years
Over the last decade in Woodward County, Oklahoma, average total tax liability per return has experienced notable fluctuations. The peak was seen in 2014 at $13,743.28, dropping significantly by 2016 to a low of $8,108.39. A gradual decline continued until 2020, when the liability hit $7,613.55, before a slight uptick in 2021 to $8,613.13. These trends could be indicative of economic changes and might be crucial for prospective investors, planners, and residents to understand variations in financial obligations over time.
Cost of Living in Woodward County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,180 | $1,432 | $2,142 | $1,250 | $1,397 |
| 1 adult 4 children | $1,180 | $1,169 | $1,641 | $1,250 | $1,463 |
| 2 adults 3 children | $1,180 | $1,170 | $1,857 | $1,250 | $1,123 |
| 1 adult 3 children | $1,180 | $955 | $1,356 | $1,250 | $1,170 |
| 2 adults 2 children | $904 | $957 | $1,572 | $1,102 | $931 |
| 1 adult 2 children | $904 | $715 | $1,071 | $1,102 | $879 |
| 2 adults 1 child | $904 | $757 | $1,288 | $624 | $864 |
| 1 adult 1 child | $904 | $489 | $786 | $624 | $716 |
| 2 adults | $687 | $608 | $1,003 | $0 | $688 |
| 1 adult | $682 | $332 | $501 | $0 | $582 |
Safety trends & Data
In Woodward County, Oklahoma, property crime trends have shown variability over the past five years, with larceny-theft taking precedence, peaking at 56.0 reported cases in 2020. Burglaries have notably decreased, dropping from 13.0 incidents in 2019 to just 3.0 in 2021. Other crimes like motor vehicle theft and vandalism remain lower but also fluctuate. This information is essential for potential investors, property developers, and local insurers as it provides key insights into crime trends... Read more
Property Crime Trends in Woodward County, OK Over the Last 5 Years
Woodward County, Oklahoma has seen fluctuating trends in property crimes over the last five years. Notably, larceny-theft consistently dominates with peaks such as 56.0 reported cases in 2020, contrasting sharply with the lower counts in subsequent years. Interestingly, burglary incidents showed a significant reduction from 13.0 in 2019 to just 3.0 in 2021. Other crimes such as motor vehicle theft and vandalism reflect varying frequencies but remain relatively low by comparison. This data could influence decisions for potential investors, property developers, and local insurers, providing insights on crime trends that may affect property values and security measures.
Demographics
Woodward County, Oklahoma shows a moderately balanced gender ratio with a slight male majority. Educational attainment data reveals a significant portion of the population having completed high school, possibly affecting the skilled labor market dynamics. The age distribution skews towards a younger populace, especially in the under 10 to 44 age brackets, which might influence community-oriented services and future workforce planning. Racial demographics highlight a predominantly White... Read more
Race Distribution in Woodward County, Oklahoma (2022)
Educational Attainment in Woodward County, Oklahoma (2022)
Age Distribution in Woodward County, Oklahoma
Citizen Population in Woodward County, Oklahoma (2022)
Political Trends & Data
Woodward County, Oklahoma, reflects a strong Republican preference, with close to 85% of votes in the 2020 U.S. Presidential Election likely going to the GOP. Democrats only managed to attract about 13%, hinting at a deeply conservative voter base. Minor parties, including Libertarians, barely made a dent, showing limited appeal outside the dominant two-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Woodward County, Oklahoma showed a significant preference for the Republican party in the 2020 U.S. Presidential Election, with nearly 85% of votes potentially going to the GOP. Democrats garnered around 13%, indicating a strong Republican leaning in the area. Minor parties like Libertarians and others collectively drew in a small margin, hinting at limited support beyond the major two-party system.
84.92% of voters voted for the Republican party in the 2020 Presidential Election
12.91% of voters voted for the Democrat party in the 2020 Presidential Election
1.61% of voters voted for the Livertarian party in the 2020 Presidential Election
0.57% of voters voted for the Other party in the 2020 Presidential Election
School Data
Woodward County, Oklahoma has a student-to-teacher ratio that typically aligns with the national average of 14 students per teacher, fluctuating between 12.91 and 14.39 over the past decade. Occasional rises above this average, such as in 2018 and 2023, might suggest increased student enrollment or fewer available teachers. These subtle shifts can influence perceptions of school quality, neighborhood desirability, and community support for local schools, ultimately impacting local real estate... Read more
Student-to-teacher ratio in Woodward County, Oklahoma over the last 10 years
Woodward County, Oklahoma has consistently maintained a student-to-teacher ratio that hovers close to the national average of 14 students per teacher, with oscillations between 12.91 and 14.39 over the past decade. Observing occasional rises above the national average, such as in 2018 and 2023, could indicate periods of increased student enrollment or potentially fewer available teachers, shedding light on resource allocation within schools. These subtle year-to-year variations matter to potential investors, residents, appraisers, and real estate agents as they can influence the perceived quality of education, impact neighborhood desirability, and dictate levels of community support for local schools.
