Alpena County Real Estate and Livability Trends
Alpena County, Michigan's real estate landscape is marked by rising home values, climbing from $93,300 in 2015 to $128,000 in 2022, hinting at a growing market that still trails state and national medians. Heightened residential energy tax credits, hitting $464.00 in 2021, emphasize the push for energy-efficient home improvements. Significant tax hikes, with real estate taxes peaking at $4,367.64... Read more
Alpena County Market Trends
In Alpena County, Michigan, home values have steadily risen from $93,300 in 2015 to $128,000 by 2022, marking a consistent upward trend that lags behind both state and national medians. The average residential energy tax credit per tax return has also shown an upward trend, hitting $464.00 in 2021, signaling growing incentives for energy-efficient home improvements. Real estate taxes have seen a... Read more
Median Value of Occupied Housing Units in Alpena County, Michigan Over the Last 8 Years
Over the past eight years, median home values in Alpena County, Michigan have seen a steady increase, starting at $93,300 in 2015 and reaching $128,000 in 2022. This growth trajectory, while appreciable, still lags behind Michigan's state median, which surged to $201,100 by 2022. Comparing Alpena County to national figures reveals an even more pronounced gap, with the U.S. median climbing to $179,400 in the same year. Investors and potential homeowners could view Alpena County as a more affordable option with room for appreciation, given its consistent, albeit slower, upward trend in home values.
Residential Energy Tax Credit Per Tax Return in Alpena County, MI Over the Last 8 Years
Over the past eight years, Alpena County, Michigan has seen a fluctuating yet generally rising trend in the average residential energy tax credit per tax return. Starting from $253.33 in 2013, there was a notable peak at $417.65 in 2016, and another high in 2019 at $431.25. The latest data point for 2021 shows an average credit of $464.00, which is significantly higher than earlier years. This upward trend may reflect increasing incentives for energy-efficient home improvements and could be appealing for investors, homeowners, and real estate agents focusing on green technologies.
Average Real Estate Taxes Per Tax Return in Alpena County, MI Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Alpena County, Michigan, have generally been on an upward trajectory. Starting around $2,591.03 in 2012, they reached a peak of approximately $4,367.64 by 2020. While the final year saw a slight decrease to roughly $4,296.77, the overall trend indicates a significant increase, particularly noticeable from 2017 onward. This incremental rise could imply escalating property values or adjustments in local tax policies, which prospective investors, home buyers, and real estate professionals might want to consider.
Percentage of Farm Returns in Alpena County, MI Over the Last 10 Years
Over the past decade, Alpena County, Michigan has observed a mildly volatile trend in farm tax returns, averaging around 2.80%. Recent years show a slight decrease, with 2021 recording a 2.48% return compared to 2012's 2.98%. Farm tax returns are critical for understanding the agricultural health and economic viability of a region, which can play a significant role for investors, potential residents, and those involved in property development. Adjustments in these percentages can indicate shifts in farm profitability, land use changes, or broader economic trends affecting local agriculture.
Number of Mortgages by Occupancy Type in Alpena County, MI Over the Last 5 Years in Alpena County
Over the last five years in Alpena County, Michigan, there has been a notable increase in the number of mortgages for principal residences, peaking in 2021. At the same time, investment property mortgages have remained relatively low, with a slight growth trend. This shift could impact investor interest, suggesting a stronger market for owner-occupied homes rather than investment opportunities. Real estate agents, appraisers, and insurance agents might find this trend critical as it could influence property valuations, insurance premiums, and investment strategies. Those looking to build may also want to focus more on residential needs rather than rental or resale markets given these dynamics.
Economic Outlook
Alpena County, Michigan's real estate market appears to be shaped by an upward trend in average taxable income per tax return, peaking at $59,292.74 in 2021, suggesting growing economic stability. Significant fluctuations in average state and local income taxes, notably a sharp increase between 2017 and 2018, indicate a shifting economic climate. The general rise in average total tax liability, spiking to $9,085.06 in 2021, could reflect rising incomes or policy changes, potentially impacting... Read more
Average Taxable Income per Tax Return in Alpena County, MI over the last 9 years
Alpena County, Michigan has seen a generally upward trend in average taxable income per tax return over the last nine years, notably peaking at $59,292.74 in 2021. This trajectory suggests a growing economic stability, potentially making it an attractive option for investors and real estate developers. Income changes might also impact property appraisals and insurance premiums, offering insight into the area's rising financial health. For those considering relocation, the steady income growth could signal improving job opportunities and a robust local economy.
Average State and Local Income Taxes Per Tax Return in Alpena County, MI Over the Last 10 Years
Over the last decade, Alpena County, Michigan has seen significant fluctuations in average state and local income taxes per tax return, ranging from roughly $4,688.21 in 2012 to around $12,692.86 in 2021. Notably, there was a steep increase between 2017 and 2018, with tax amounts nearly doubling from $5,823.67 to $10,942.86. These variations suggest a shifting economic climate and changing tax policies that could influence decisions for those considering investment, relocation, or property development in Alpena County.
Average Total Tax Liability Per Tax Return in Alpena County, MI Over the Last 10 Years
Over the last 10 years, Alpena County, Michigan has experienced a general upward trend in average total tax liability per tax return, with a significant spike to $9,085.06 in 2021. Fluctuations occurred around 2017 to 2020, likely reflecting economic or policy changes. This trend can indicate rising incomes or changes in tax policies, influencing decisions for investors, home buyers, and real estate professionals in the area.
Cost of Living in Alpena County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,108 | $1,363 | $1,678 | $1,047 | $971 |
| 1 adult 4 children | $1,108 | $1,113 | $1,282 | $1,047 | $1,049 |
| 2 adults 3 children | $1,108 | $1,114 | $1,457 | $1,047 | $808 |
| 1 adult 3 children | $1,108 | $909 | $1,060 | $1,047 | $840 |
| 2 adults 2 children | $826 | $912 | $1,236 | $907 | $720 |
| 1 adult 2 children | $826 | $681 | $839 | $907 | $622 |
| 2 adults 1 child | $826 | $721 | $1,014 | $454 | $674 |
| 1 adult 1 child | $826 | $465 | $618 | $454 | $553 |
| 2 adults | $668 | $579 | $793 | $0 | $600 |
| 1 adult | $571 | $316 | $397 | $0 | $489 |
Safety trends & Data
Property crime trends in Alpena County, Michigan, have been fairly dynamic over the past five years. While larceny-theft dropped significantly from 66 incidents in 2018 to 21 in 2021, it rebounded to 43 in 2022. Burglary has stayed quite stable, peaking at 11 in 2022. Fraud cases saw a reduction from 23 in 2018 to 5 in 2021, then slightly increased to 10 in 2022. Vandalism spiked in 2021 with 20 incidents but fell to 15 in 2022. Arson and motor vehicle thefts have remained consistently low.... Read more
Property Crime Trends in Alpena County, MI Over the Last 5 Years
Over the last five years, Alpena County, Michigan has experienced a mix of fluctuations in property crime. While larceny-theft has seen a noticeable dip from 66 incidents in 2018 to 21 in 2021, it spiked again to 43 in 2022. Burglary incidents remained relatively stable with minor variations, peaking at 11 in 2022. Fraud cases decreased from 23 in 2018 to 5 in 2021, before slightly increasing to 10 in 2022. Vandalism showed a notable increase in 2021 with 20 incidents, then dipped to 15 in 2022. Arson and motor vehicle thefts remained consistently low, with minimal variation. For potential investors, builders, and residents, these trends could indicate areas needing security improvements and opportunities for targeted community safety initiatives.
Demographics
Alpena County, Michigan shows a relatively balanced gender distribution with males making up 49% and females 51% of the adult population. Educational attainment highlights that a significant portion of the population, 33%, are high school graduates, while only 6% hold graduate or professional degrees. Age-wise, the county has a noticeably higher proportion of older adults, with 34% of the population being 55 years or older. Racially, the county is predominantly White at around 95%, with all... Read more
Race Distribution in Alpena County, Michigan (2022)
Educational Attainment in Alpena County, Michigan (2022)
Age Distribution in Alpena County, Michigan
Citizen Population in Alpena County, Michigan (2022)
Political Trends & Data
Alpena County, Michigan, leaned Republican in the 2020 U.S. Presidential Election, with the GOP capturing about 63% of the vote. Democrats lagged with roughly 35%, and minor parties collectively didn't hit 2%. This trend could hint at a broader political lean towards the GOP in rural Midwest... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Alpena County, Michigan, saw a notable lean towards the Republican party in the 2020 U.S. Presidential Election, capturing around 63% of the vote. The Democratic party trailed with roughly 35%, while minor parties like the Libertarians and Greens garnered minimal support, together not even breaking 2%. This data might suggest a strong Republican presence in the region, which could be indicative of broader political trends in similar rural Midwest areas.
62.97% of voters voted for the Republican party in the 2020 Presidential Election
35.36% of voters voted for the Democrat party in the 2020 Presidential Election
1.30% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% 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
Alpena County, Michigan has seen a spike in the student-to-teacher ratio, jumping from 17 students per teacher in 2014 to almost 29 in 2023, far above the national average of 14. This trend might shape family decisions on local schooling and could impact appraisers and insurance agents in their property evaluations. Builders and real estate agents might also find this information crucial as it could affect demand for new developments and current housing... Read more
Student-to-teacher ratio in Alpena County, Michigan over the last 10 years
Alpena County, Michigan has seen a notable increase in the student-to-teacher ratio over the last decade, starting at 17 students per teacher in 2014 and rising to almost 29 in 2023. This upward trend well exceeds the national average of 14 students per teacher, which may indicate potential challenges for educational quality and individual student attention. For those looking to invest in real estate or move to the area, this could impact family decisions regarding local schooling. Appraisers and insurance agents might consider these trends when assessing property values and potential risk factors. Additionally, builders and real estate agents need to be aware of these dynamics, as they could influence demand for new developments and existing housing stock in the region.
