Alger County Real Estate and Livability Trends
Alger County, Michigan has seen a rise in average taxable income per tax return from $43,416.30 in 2013 to $61,158.74 in 2021, signaling a potentially strengthening local economy. Median home values grew modestly from $116,400 in 2015 to $156,500 in 2022, reflecting more affordable investment opportunities compared to state and national averages. Property crime trends offer a mixed bag;... Read more
Alger County Market Trends
Alger County, Michigan's median home values have grown modestly from $116,400 in 2015 to $156,500 in 2022, suggesting more affordable investment opportunities compared to Michigan and national averages. Average residential energy tax credits per tax return peaked in 2016 and 2020 at $436.36 and $644.44, respectively, pointing to sporadic but notable interest in energy-efficient upgrades. Real... Read more
Median Value of Occupied Housing Units in Alger County, Michigan Over the Last 8 Years
Alger County, Michigan's median home values have seen a relatively steady increase over the last eight years, climbing from $116,400 in 2015 to $156,500 in 2022. Compared to Michigan's overall surge from $122,400 to $201,100 in the same period, Alger County’s growth appears more measured. Nationally, median home values escalated from $125,500 to $179,400, putting Alger County below both the state and national averages. This trend may imply opportunities for more affordable investments in Alger County while still showing a healthy appreciation trajectory.
Residential Energy Tax Credit Per Tax Return in Alger County, MI Over the Last 8 Years
Alger County, Michigan, has seen fluctuating average residential energy tax credits per tax return over the last eight years, with notable peaks in 2016 and 2020 at $436.36 and $644.44, respectively. The variability suggests a shifting focus on energy-efficient upgrades, possibly influenced by policy changes or economic conditions. Investors and real estate agents might see opportunities in promoting energy-efficient properties, while appraisers and insurance agents may need to factor in these improvements when assessing property values. This trend indicates a growing but inconsistent homeowner interest in residential energy efficiency, signaling potential market niches for green building and retrofit services.
Average Real Estate Taxes Per Tax Return in Alger County, MI Over the Last 10 Years
In Alger County, Michigan, average real estate taxes per tax return have seen a notable upward trend over the past decade. Starting at approximately $2,533.75 in 2012, the amounts climbed steadily, peaking at $5,300.00 in 2020 before a slight dip to $4,666.67 in 2021. This increase could be of interest to potential investors, appraisers, and real estate professionals as it might reflect changes in property values, demand, and possibly local economic conditions. For current residents and those considering moving to the area, understanding these trends can better inform financial planning and investment decisions.
Percentage of Farm Returns in Alger County, MI Over the Last 10 Years
In Alger County, Michigan, farm tax returns have shown slight fluctuations over the past decade, ranging from approximately 1.23% in 2012 to a peak of about 2.21% in 2016, and settling around 1.69% in 2021. Farm tax returns typically provide essential data on local agricultural activity, potentially indicating changes in farm operations and economic health. For investors, builders, and anyone considering moving to the area, these trends could offer insight into the stability and growth of the agricultural sector, which can impact land values, local economy, and community resources.
Number of Mortgages by Occupancy Type in Alger County, MI Over the Last 5 Years in Alger County
The data from Alger County, Michigan, reveals notable fluctuations in mortgage counts by occupancy type over the last five years. Principal residences show the highest number of mortgages, peaking at 253 in 2020. Investment properties and second residences, while significantly lower in volume, highlight a subtle but consistent presence, suggesting niche investment and lifestyle choices. These shifts in occupancy type can impact property valuations, insurance rates, and market demand, useful for investors, real estate agents, and residents considering market stability and growth potential in the area.
Economic Outlook
Alger County, Michigan has seen a steady rise in average taxable income per tax return from $43,416.30 in 2013 to $61,158.74 in 2021. This trend suggests a potentially strengthening local economy, appealing to investors and new residents. Meanwhile, average state and local taxes spiked dramatically to $7,300.00 in 2018, stabilizing around $6,487.50 in recent years, reflecting dynamic fiscal policies. Additionally, average total tax liability per tax return has generally increased from $5,466.32... Read more
Average Taxable Income per Tax Return in Alger County, MI over the last 9 years
Alger County, Michigan has experienced a notable uptick in average taxable income per tax return over the past nine years. From $43,416.30 in 2013 to $61,158.74 in 2021, the steady increase highlights economic growth despite minor dips, such as in 2020. This uptrend could suggest a strengthening local economy, which may be attractive for investors, real estate agents, and those looking to build or move into the county. The significant jump in 2021, in particular, might point to accelerating local prosperity or other significant economic factors worth investigating.
Average State and Local Income Taxes Per Tax Return in Alger County, MI Over the Last 10 Years
Over the last decade, Alger County, Michigan has seen significant fluctuations in average state and local income taxes per tax return. After a slow but steady increase from $3,381.54 in 2012 to around $4,301.69 in 2017, there was a sharp spike to $7,300.00 in 2018. Though taxes decreased slightly in the following years, they remained relatively high, hovering between $5,900.00 and $6,487.50. This volatility could be essential for investors and residents to consider, revealing shifts in fiscal policies or economic conditions that may influence financial planning and investment decisions.
Average Total Tax Liability Per Tax Return in Alger County, MI Over the Last 10 Years
Alger County, Michigan, has seen a fluctuating but overall upward trend in the average total tax liability per tax return over the last decade. Starting at roughly $5,466.32 in 2012, the liability figures grew, albeit with some fluctuations, reaching approximately $8,383.07 by 2021. Notable increases were observed in 2016 and 2021, suggesting possible changes in the local economy or tax policies impacting residents. This trend could imply a growing financial burden on taxpayers, which might be significant for potential investors, real estate agents, and those considering relocation to the area. The data indicates potential implications for property values, insurance rates, and overall economic health in the region.
Cost of Living in Alger County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,026 | $1,548 | $2,100 | $1,132 | $1,283 |
| 1 adult 4 children | $1,026 | $1,264 | $1,608 | $1,132 | $1,366 |
| 2 adults 3 children | $1,026 | $1,265 | $1,822 | $1,132 | $1,052 |
| 1 adult 3 children | $1,026 | $1,033 | $1,329 | $1,132 | $1,108 |
| 2 adults 2 children | $843 | $1,035 | $1,543 | $981 | $927 |
| 1 adult 2 children | $843 | $773 | $1,050 | $981 | $849 |
| 2 adults 1 child | $843 | $818 | $1,264 | $491 | $844 |
| 1 adult 1 child | $843 | $529 | $771 | $491 | $688 |
| 2 adults | $687 | $657 | $985 | $0 | $729 |
| 1 adult | $583 | $359 | $493 | $0 | $573 |
Safety trends & Data
Property crime trends in Alger County, Michigan, present a complex picture. Larceny-theft cases spiked at 10 in 2018 but fell to just 3 in 2022, while burglary saw a small rise to 6 cases in 2022 from a low of 1 in 2021. Vandalism remained steady, between 2 to 6 incidents annually. Fraud and motor vehicle theft levels are fairly stable, highlighting potential areas of concern for insurers and investors. These nuanced trends are crucial for anyone looking to make informed real estate decisions... Read more
Property Crime Trends in Alger County, MI Over the Last 5 Years
Property crime trends in Alger County, Michigan, show some interesting dynamics over the last five years. While Larceny-theft numbers fluctuated, peaking at 10 cases in 2018 before dropping to just 3 in 2022, burglary incidents appear to be slightly on the rise, with a notable increase to 6 cases in 2022 from a low of 1 in 2021. Vandalism reports seem consistent, hovering between 2 to 6 cases annually. Fraud and motor vehicle theft incidents remain fairly stable but not negligible, indicating areas of potential concern for insurers and real estate investors alike. These varied trends underscore the nuanced landscape of property crime in the region, essential for making informed decisions regarding property investment and community safety.
Demographics
In Alger County, Michigan, males make up a significant portion of the adult population, potentially impacting community services and employment opportunities. The area's educational profile reveals that while a notable number of residents have achieved at least a high school diploma, advanced degrees remain less common, suggesting potential workforce development needs. Age distribution data highlights a relatively older population, which could influence healthcare and retirement planning... Read more
Race Distribution in Alger County, Michigan (2022)
Educational Attainment in Alger County, Michigan (2022)
Age Distribution in Alger County, Michigan
Citizen Population in Alger County, Michigan (2022)
Political Trends & Data
In Alger County, Michigan, the 2020 U.S. Presidential Election results indicate a significant lean towards the Republican party, potentially securing close to 59% of the votes, while Democrats might hover around 40%. This creates a notable gap between the two major parties. Minor parties like the Libertarian and Green parties possibly garnered marginal support, around 1% or less, highlighting the strong two-party dominance in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Alger County, Michigan, the 2020 U.S. Presidential Election results appear to lean significantly towards the Republican party, with them possibly securing close to 59% of the votes. Meanwhile, the Democrat vote share seems to hover around 40%, showcasing a notable gap between the two major parties. Minor parties such as the Libertarian and Green parties could have only garnered marginal support, around 1% or less, indicating a strong two-party dominance in this region.
58.78% of voters voted for the Republican party in the 2020 Presidential Election
40.04% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Alger County, Michigan, has seen a generally declining student-to-teacher ratio, recently achieving around 11 or fewer students per teacher. This is better than the national average of 14 students per teacher, hinting at a potentially higher quality of education that can make the area more appealing to families. Such educational advantages can positively influence property values and potentially boost housing demand. For appraisers and insurance agents, these dynamics can provide valuable... Read more
Student-to-teacher ratio in Alger County, Michigan over the last 10 years
Alger County, Michigan, has seen a generally declining trend in the student-to-teacher ratio over the past decade, reaching a low of around 11 or fewer students per teacher in recent years. This ratio is significantly better than the national average of 14 students per teacher, indicating potentially more individualized attention and better learning environments in the county's schools. For real estate agents, investors, and those considering moving to the area, this could suggest a higher quality of education, making the area more attractive to families. Lower ratios can also influence property values positively and may lead to increased demand for housing in areas with top-tier educational facilities. For appraisers and insurance agents, understanding these dynamics can offer insights into localized market conditions and risk assessments.
