Allegan County Real Estate and Livability Trends
Allegan County, Michigan's median home values surged from $140,400 in 2015 to $225,000 in 2022, outpacing broader trends and signaling a potentially thriving market for real estate investments. Average taxable income per tax return climbed from $52,602.81 in 2013 to roughly $77,048.11 in 2021, reflecting a growing affluence. Meanwhile, property crimes have seen notable reductions, with... Read more
Allegan County Market Trends
Allegan County, Michigan has seen a significant rise in median home values, from $140,400 in 2015 to $225,000 in 2022, outpacing state and national trends. This may point to a robust housing market, appealing for potential real estate investments. The county also experienced erratic changes in average residential energy tax credits, peaking at $2,866.67 in 2018, suggesting varying levels of... Read more
Median Value of Occupied Housing Units in Allegan County, Michigan Over the Last 8 Years
Over the past eight years, Allegan County, Michigan has seen a steady increase in median home values, with a jump from $140,400 in 2015 to $225,000 in 2022. This growth outpaces both state and national trends where Michigan moved from $122,400 to $201,100, and the U.S. saw values rise from $125,500 to $179,400 during the same period. These figures suggest that Allegan County could be a compelling area for real estate investment or relocation, as it indicates a robust and accelerating housing market compared to broader regional and national increases.
Residential Energy Tax Credit Per Tax Return in Allegan County, MI Over the Last 9 Years
Allegan County, Michigan has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. From a moderate starting point of $320.71 in 2013, there's a notable spike to $2,866.67 in 2018. Following this peak, values varied with a dip to $614.04 in 2020 and a rise again to $976.98 in 2021. These changes could suggest varying levels of investment in energy-efficient upgrades among residents, potentially influenced by evolving tax incentives or economic conditions. For those considering property investment or development in the area, understanding these trends may provide insights into residents' commitments to sustainable living and associated financial benefits.
Average Real Estate Taxes Per Tax Return in Allegan County, MI Over the Last 10 Years
Allegan County, Michigan has seen a steady rise in average real estate taxes per tax return over the past decade, with a notable jump starting around 2017. In 2012, the average tax was $3,025.63, increasing to approximately $6,848.24 by 2021. This incremental increase, particularly the substantial rises from 2017 onward, may indicate a growing demand for real estate, potential enhancements in local infrastructure, or shifts in property valuations. For real estate investors, this trend could suggest an appreciating market, while potential homeowners should be aware of the rising property tax implications. Appraisers and insurance agents should consider these trends when evaluating properties and policies.
Percentage of Farm Returns in Allegan County, MI Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Allegan County, Michigan, has shown a gradual decline. Starting from around 1.97% in 2012, it dipped to roughly 1.45% by 2021. Farm tax returns are essentially the filed income tax returns from farm businesses, which can indicate the health and productivity of the agricultural sector in a given area. A decreasing trend in these percentages might reflect a shrinking agricultural presence or consolidation in the farming industry, potentially impacting investment opportunities and land use decisions for prospective residents or investors in Allegan County.
Number of Mortgages by Occupancy Type in Allegan County, MI Over the Last 5 Years in Allegan County
Allegan County, Michigan has seen notable fluctuations in mortgage counts by occupancy type over the past five years. Principal residences consistently outnumber mortgages for investment and second properties, with notable peaks in 2020 and 2021. Investment properties and second homes show smaller numbers, but their trends indicate varying levels of investor interest and secondary home market activity. These changes in occupancy type might influence real estate pricing, insurance premiums, and investment strategies. For investors, the demand for different property types can signal market stability or volatility. Real estate agents and developers need to align their strategies with these trends to target the right buyer segments effectively. Insurers can gauge risk profiles based on the predominance of owner-occupied versus rental or secondary properties. Understanding these shifts is crucial for anyone looking to navigate the property market in Allegan County.
Economic Outlook
Over the past nine years, Allegan County, Michigan has demonstrated a notable upward trend in average taxable income per tax return, climbing from around $52,602.81 in 2013 to approximately $77,048.11 in 2021. Concurrently, average state and local income taxes per tax return have surged from $4,664.45 in 2012 to around $13,794.31 in 2021, with significant spikes between 2017 and 2019. Meanwhile, the average total tax liability per tax return increased from $7,976.15 in 2012 to $12,270.61 by... Read more
Average Taxable Income per Tax Return in Allegan County, MI over the last 9 years
Over the past nine years, Allegan County, Michigan has demonstrated a notable upward trend in average taxable income per tax return, climbing from around $52,602.81 in 2013 to approximately $77,048.11 in 2021. This could offer promising opportunities for investors and real estate agents looking to capitalize on an improving economic climate. The consistent growth suggests a potentially robust market with increasing disposable income, making it an attractive location for new developments and businesses. Insurance agents and appraisers might also find the rising incomes indicative of higher property values, driving demand and altering risk assessments.
Average State and Local Income Taxes Per Tax Return in Allegan County, MI Over the Last 10 Years
Allegan County, Michigan, has seen a notable rise in average state and local income taxes per tax return over the past decade. In 2012, the figure was around $4,664.45, but by 2021, it had escalated to approximately $13,794.31. The most dramatic spikes occurred between 2017 and 2019, with almost doubling from $5,890.96 in 2017 to $11,249.84 in 2019. This trend could suggest increased earnings or changes in tax policies, making Allegan County a potentially evolving economic landscape for investors and residents alike.
Average Total Tax Liability Per Tax Return in Allegan County, MI Over the Last 10 Years
Over the past decade, Allegan County, Michigan has seen a notable increase in the average total tax liability per tax return. Starting at $7,976.15 in 2012 and steadily climbing to $12,270.61 by 2021, this reflects a broader trend of rising taxable incomes or shifting tax policies. Especially striking is the jump from 2020 to 2021, where the liability surged from $9,953.27 to $12,270.61. For investors, developers, and real estate agents, this may signal a growing affluence in the area, potentially driving up property values and prompting a review of the area's economic growth and stability.
Cost of Living in Allegan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,254 | $1,464 | $1,686 | $1,339 | $1,239 |
| 1 adult 4 children | $1,254 | $1,195 | $1,288 | $1,339 | $1,358 |
| 2 adults 3 children | $1,254 | $1,196 | $1,464 | $1,339 | $1,040 |
| 1 adult 3 children | $1,254 | $976 | $1,066 | $1,339 | $1,136 |
| 2 adults 2 children | $972 | $979 | $1,242 | $1,161 | $899 |
| 1 adult 2 children | $972 | $731 | $843 | $1,161 | $875 |
| 2 adults 1 child | $972 | $774 | $1,019 | $580 | $834 |
| 1 adult 1 child | $972 | $500 | $621 | $580 | $684 |
| 2 adults | $738 | $622 | $797 | $0 | $669 |
| 1 adult | $734 | $339 | $398 | $0 | $562 |
Safety trends & Data
Property investors and potential residents may find Allegan County, Michigan increasingly appealing as property crimes like larceny-theft and burglary have reportedly dropped over the past five years. Larceny-theft arrests notably dropped from 258 in 2019 to 115 in 2022, and burglary arrests halved from 41 in 2018 to 22 in 2022. Fraud arrests also saw a decrease from 92 in 2019 to 25 in 2022, indicating potential shifts in socioeconomic factors or law enforcement changes that could be vital for... Read more
Property Crime Trends in Allegan County, MI Over the Last 5 Years
For those eyeing property investments or considering a move to Allegan County, Michigan, it's noteworthy that property crimes like larceny-theft and burglary have seen significant changes in the last five years. Larceny-theft arrests peaked at 258 in 2019 but decreased to 115 by 2022, while burglary arrests have generally declined from 41 in 2018 to 22 in 2022. Fraud arrests also varied from a high of 92 in 2019 to 25 in 2022. These shifts may suggest evolving socioeconomic factors or changes in law enforcement efficacy, both crucial for appraisers, insurance agents, and real estate professionals gauging the area's security landscape.
Demographics
Allegan County, Michigan in 2022 exhibits a balanced gender distribution among adults, with a slight male majority. Educational attainment shows a concentration at the high school level, although a significant portion of residents holds college degrees or higher. The age demographics reveal a substantial adult population, notably in the 45 to 64-year range, hinting at a mature resident base. Racial composition is predominantly White, with small representations of other racial groups. This... Read more
Race Distribution in Allegan County, Michigan (2022)
Educational Attainment in Allegan County, Michigan (2022)
Age Distribution in Allegan County, Michigan
Citizen Population in Allegan County, Michigan (2022)
Political Trends & Data
Allegan County, Michigan, exhibited a significant Republican preference in the 2020 U.S. Presidential Election, with approximately 61.7% of the vote going to the GOP, while the Democratic party received about 36.4%. Libertarian, Green, and other minor parties collectively made up less than 2% of the vote. This voting pattern suggests the county's electorate may prioritize conservative policies and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Allegan County, Michigan, the 2020 U.S. Presidential Election results may indicate a significant lean towards the Republican party, with an estimated 61.7% of the vote. The Democratic party appears to have garnered around 36.4%, suggesting a notable gap between the two major parties. Minor parties like the Libertarian and Green parties, along with other affiliations, seem to have secured only a small fraction of the votes, collectively making up less than 2% of the total. This distribution could reflect the political inclinations and priorities of the electorate in this region.
61.69% of voters voted for the Republican party in the 2020 Presidential Election
36.44% of voters voted for the Democrat party in the 2020 Presidential Election
1.41% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Allegan County, Michigan, the student-to-teacher ratio has averaged around 17 to 18 students per teacher over the past decade, notably higher than the national average of 14 students per teacher. This could indicate that educational resources in the area are more stretched, potentially impacting community planning, real estate values, and housing demand. Larger class sizes might also affect the quality of education, which could influence homebuyers' decisions based on the perceived quality... Read more
Student-to-teacher ratio in Allegan County, Michigan over the last 10 years
Allegan County, Michigan has seen some fluctuations in its student-to-teacher ratio over the past decade, averaging around 17 to 18 students per teacher, which is notably higher than the current national average of 14 students per teacher. This might suggest that educational resources are more stretched compared to other parts of the country. For investors, developers, or those considering a move to the area, understanding these educational metrics is key. Larger class sizes could imply a need for more educational infrastructure, which in turn might affect community planning, real estate values, and demand for housing. Additionally, a higher student-to-teacher ratio can impact the quality of education, potentially influencing family decisions on where to live based on the perceived quality of schools.
