Arenac County Real Estate and Livability Trends
In Arenac County, Michigan, median home values have jumped from $87,500 in 2015 to $118,200 in 2022, showing potential for growth and presenting reasonable investment opportunities compared to state and national averages. The rise in average taxable income and fluctuating state and local taxes may signal economic development, which could attract investors. Property crimes remain a concern,... Read more
Arenac County Market Trends
Median home values in Arenac County, Michigan have climbed from $87,500 in 2015 to $118,200 in 2022, still falling below the state ($201,100) and national ($179,400) medians. This difference suggests growth potential and affordable entry points for investors or new homeowners. The average residential energy tax credit per tax return has spiked to $861.54 in 2021, indicating a rising focus on... Read more
Median Value of Occupied Housing Units in Arenac County, Michigan Over the Last 8 Years
Median home values in Arenac County, Michigan have experienced a steady rise from $87,500 in 2015 to $118,200 in 2022. This increase, while significant, has remained below Michigan's state median, which reached $201,100 in 2022, and the national median of $179,400. For investors or prospective homeowners, this gap suggests potential for growth and more affordable entry points in Arenac County compared to broader markets. Those looking to invest or move to this area may find it appealing due to its relatively lower cost amidst consistent value growth.
Residential Energy Tax Credit Per Tax Return in Arenac County, MI Over the Last 8 Years
In Arenac County, Michigan, the average residential energy tax credit per tax return has shown notable volatility over the past eight years, fluctuating from a high of $441.67 in 2013 to a low of $262.50 in 2017. The most significant surge was observed in 2021, reaching $861.54. This trend suggests a growing focus on energy efficiency among homeowners, which may be of interest to investors, appraisers, and those in real estate, as properties are likely becoming more energy-efficient. The varying tax credit values hint at changing incentives or shifting homeowner behavior in relation to energy use, making it a critical factor for insurance agents and builders to consider when assessing property values and risks.
Average Real Estate Taxes Per Tax Return in Arenac County, MI Over the Last 10 Years
Arenac County, Michigan, has seen significant fluctuations in average real estate taxes per tax return over the past decade. In 2012, taxes were around $2,523.73, with minimal decline observed in 2013 and a mild increase in 2014. However, there appears to be a notable upward trend starting in 2017, peaking sharply in 2020 at $4,225.00, and slightly decreasing to $3,973.33 in 2021. These increases could indicate rising property valuations, greater municipal funding needs, or changes in tax policies, offering both potential challenges and opportunities for those involved in real estate and property investment in the area. These tax trends might influence decisions for investors, developers, and homeowners considering Arenac County as a viable location.
Percentage of Farm Returns in Arenac County, MI Over the Last 10 Years
Arenac County, Michigan, has seen slight fluctuations in the percentage of farm tax returns over the past decade, settling around 3.06% to 3.71%. Farm tax returns indicate the portions of tax filings coming from agricultural activities, signaling potential investment opportunities in local agriculture. Slight year-on-year variations suggest overall stability, potentially making it a reliable area for those interested in farming or agricultural investments. This stable trend could appeal to individuals looking to build agricultural properties or invest in farming businesses within the region.
Number of Mortgages by Occupancy Type in Arenac County, MI Over the Last 5 Years in Arenac County
In Arenac County, Michigan, the number of mortgages for principal residences and second residences has demonstrated variability over the last five years, with a notable peak in 2021 for both categories. The changes in mortgages for investment properties remained relatively low and stable throughout the period. These occupancy type trends can significantly impact the local real estate market, influencing property values, rental demand, and development opportunities. For investors, a stable trend in investment property mortgages may indicate limited speculation or flipping, potentially offering a more stable rental market. For insurance agents and appraisers, fluctuating mortgages in primary and secondary residences can reflect changes in property risk profiles or market conditions. Understanding these dynamics helps real estate professionals and prospective residents make more informed decisions in Arenac County.
Economic Outlook
Arenac County, Michigan has seen a significant rise in average taxable income per tax return, jumping from around $39,179.61 in 2013 to about $56,123.78 in 2021, hinting at potential economic growth and increased opportunities. Meanwhile, state and local income taxes, which peaked at $6,092.86 in 2019, reflect a fluctuating but generally upward trend. Total tax liability per tax return also saw a notable rise to $8,080.00 by 2021. These shifts could impact property values, insurance costs, and... Read more
Average Taxable Income per Tax Return in Arenac County, MI over the last 9 years
Over the past nine years, Arenac County, Michigan has witnessed a noticeable increase in the average taxable income per tax return, moving from approximately $39,179.61 in 2013 to around $56,123.78 in 2021. This rising trend could be seen as indicative of overall economic growth and potentially expanding opportunities for residents and investors. Notably, the significant jump between 2020 and 2021 suggests recent economic activity or favorable financial conditions that might be worth investigating for a deeper understanding of local market dynamics
Average State and Local Income Taxes Per Tax Return in Arenac County, MI Over the Last 10 Years
Arenac County in Michigan has seen fluctuating state and local income taxes per tax return over the past decade, with notable increases in recent years. From 2012's $3,586.00 to a peak of $6,092.86 in 2019, the trend indicates a general upward movement. For potential investors or those looking to move, this could suggest an evolving economic landscape with increasing tax burdens. Builders and property developers might find this area poised for growth, but should factor in these rising costs when planning projects.
Average Total Tax Liability Per Tax Return in Arenac County, MI Over the Last 10 Years
Arenac County, Michigan has experienced notable fluctuations in average total tax liability per tax return over the past decade, with significant increases particularly evident since 2015. From a relatively stable $5,233.47 in 2012, the liability increased considerably to $8,080.00 by 2021. This upward trend could influence property values and insurance premiums, as higher tax liabilities might reflect changing economic conditions or public service funding needs that are essential considerations for real estate investors, appraisers, and those looking to move to this area.
Cost of Living in Arenac County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,170 | $1,311 | $1,677 | $1,074 | $1,026 |
| 1 adult 4 children | $1,170 | $1,071 | $1,281 | $1,074 | $1,120 |
| 2 adults 3 children | $1,170 | $1,071 | $1,456 | $1,074 | $852 |
| 1 adult 3 children | $1,170 | $874 | $1,060 | $1,074 | $914 |
| 2 adults 2 children | $826 | $877 | $1,235 | $931 | $742 |
| 1 adult 2 children | $826 | $655 | $839 | $931 | $652 |
| 2 adults 1 child | $826 | $693 | $1,014 | $466 | $692 |
| 1 adult 1 child | $826 | $448 | $617 | $466 | $573 |
| 2 adults | $648 | $557 | $793 | $0 | $607 |
| 1 adult | $576 | $304 | $396 | $0 | $500 |
Safety trends & Data
Arenac County has exhibited varying property crime trends over the past five years, with notable fluctuations in burglary and larceny-theft. 2019 saw a peak in larceny-theft at seven cases, while 2020 marked a significant rise in burglary incidents, tripling from the previous year and accompanied by a spike in motor vehicle theft. By 2022, larceny-theft and vandalism remained consistent concerns, with larceny-theft cases ranging six to seven. These crime patterns could impact property values... Read more
Property Crime Trends in Arenac County, MI Over the Last 5 Years
Arenac County has seen fluctuations in property crime over the last five years with notable spikes and drops in categories like burglary and larceny-theft. In 2018, instances of burglary, larceny-theft, and vandalism were relatively low, but 2019 saw a significant increase in larceny-theft, peaking at seven cases. Meanwhile, 2020 experienced a sharp rise in burglary incidents, which tripled compared to the previous year, alongside a rise in motor vehicle theft. By 2022, the most persistent crime types included larceny-theft and vandalism, with larceny-theft varying between six to seven cases, indicating a consistent concern. These trends are essential for potential real estate investors, residents, appraisers, and insurance agents to consider while assessing property values and safety measures in the county.
Demographics
A slight male majority characterizes the adult population in Arenac County, Michigan. Most residents have at least a high school education, though a notable portion hasn't pursued education beyond high school. The age distribution hints at an aging population, with significant numbers in the 55-64 and 65-74 age brackets. Racially, the county is predominantly White, with minimal representation from other racial... Read more
Race Distribution in Arenac County, Michigan (2022)
Educational Attainment in Arenac County, Michigan (2022)
Age Distribution in Arenac County, Michigan
Citizen Population in Arenac County, Michigan (2022)
Political Trends & Data
Arenac County, Michigan, has a strong conservative leaning, with the Republican party securing around 67% of the vote in the 2020 U.S. Presidential Election, compared to just over 31% for the Democrats. This substantial gap suggests a predominantly conservative electorate. Minor parties, including the Libertarian and Green, collectively gained less than 2%, indicating minimal third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Arenac County, Michigan, shows a significant leaning towards the Republican party, which garnered approximately 67% of the vote in the 2020 U.S. Presidential Election. In contrast, Democrats received a little over 31%, indicating a substantial gap between the two major parties. Minor parties like the Libertarian, Green, and other smaller factions collectively captured less than 2% of the votes, suggesting that third-party influence is quite minimal in this region. This distribution perhaps hints at a predominantly conservative voter base in Arenac County.
67.13% of voters voted for the Republican party in the 2020 Presidential Election
31.41% of voters voted for the Democrat party in the 2020 Presidential Election
1.10% of voters voted for the Livertarian party in the 2020 Presidential Election
0.14% of voters voted for the Green party in the 2020 Presidential Election
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Arenac County, Michigan's student-to-teacher ratio has fluctuated between 15 and 20 over the past decade, peaking at nearly 20 students per teacher in 2018 and dropping to around 15 by 2022. With the national average at 14 students per teacher, these higher ratios might imply larger class sizes, potentially affecting personalized attention and educational outcomes. This could be critical information for real estate agents, families considering relocation, and appraisers assessing the future... Read more
Student-to-teacher ratio in Arenac County, Michigan over the last 10 years
Arenac County, Michigan's student-to-teacher ratio has fluctuated between 15 and 20 over the past ten years, peaking at nearly 20 students per teacher in 2018 and dropping to around 15 by 2022. While the national average stands at 14 students per teacher, Arenac County's higher ratios might signal larger class sizes which can affect personalized attention and educational outcomes. This trend could be a consideration for those looking to invest in property, real estate agents, or families thinking of moving to the area, as well as appraisers and insurance agents evaluating the demographic pressures on local schools. Understanding this dynamic helps stakeholders gauge future demand for educational facilities and the potential need for additional teaching staff.
