Baraga County Real Estate and Livability Trends
Baraga County, Michigan has seen an uptick in median home values, now at $121,700, which is notably lower than both the state and national medians. Economic indicators like rising average taxable income and an increasing tax burden suggest a strengthening local economy, potentially impacting real estate attractiveness. A noticeable drop in real estate taxes from $4,533.33 in 2019 to $3,160.00 in... Read more
Baraga County Market Trends
Baraga County, Michigan, has seen its median home values grow steadily, reaching $121,700 in 2022, which is considerably more affordable compared to the Michigan state median of $201,100 and the national median of $179,400. The county's residential energy tax credits have fluctuated, peaking at $466.67 in 2021, which may highlight local incentives for energy-efficient upgrades. Real estate taxes... Read more
Median Value of Occupied Housing Units in Baraga County, Michigan Over the Last 8 Years
Baraga County, Michigan has experienced steady growth in median home values over the past eight years, peaking at $121,700 in 2022. Comparatively, Michigan's overall median home values have been significantly higher, culminating at $201,100 in 2022, while the national median reached $179,400 the same year. This suggests Baraga County could offer more affordable housing options relative to both the state and national markets. For investors or potential homeowners, this trend may indicate an emerging opportunity for growth in value, while those already residing in Baraga County might see an uptick in property appreciation.
Residential Energy Tax Credit Per Tax Return in Baraga County, MI Over the Last 8 Years
Baraga County, Michigan has shown significant fluctuations in its average residential energy tax credits per tax return over the past eight years. After a gradual increase from $225.00 in 2013 to a peak of $288.89 in 2016, the average credit saw a sharp decline in 2019 to $200.00. However, there was a notable surge to $466.67 in 2021. These trends can offer insights for potential investors and property developers about the evolving local incentives for energy-efficient home improvements, which may affect property values and market dynamics.
Average Real Estate Taxes Per Tax Return in Baraga County, MI Over the Last 10 Years
Real estate taxes in Baraga County, Michigan have shown notable fluctuations over the last decade, with peaks in 2019 at $4,533.33 and a significant drop in 2021 to $3,160.00. This variability might be crucial for prospective property investors and existing homeowners to consider, reflecting potential shifts in the local tax policy or economic conditions. Interestingly, the steady increase observed from 2012 to 2019 suggests a trend of rising property values, making Baraga County an intriguing area for those looking to appraise or insure properties.
Percentage of Farm Returns in Baraga County, MI Over the Last 10 Years
The percentage of farm returns in Baraga County, Michigan has shown a mostly steady but slight upward movement over the past ten years, with a notable peak at approximately 1.27% in 2020. Farm tax returns are essentially filings by agricultural businesses for tax purposes, reflecting either economic growth or shifts in agricultural activity. This data is relevant for those considering investment or property development in Baraga County as it can indicate the underlying economic health and potential for agricultural expansion in the region.
Number of Mortgages by Occupancy Type in Baraga County, MI Over the Last 5 Years in Baraga County
Baraga County, Michigan has shown a notable shift in mortgage counts by occupancy type over the past five years. There's been a considerable increase in the number of mortgages for principal residences, peaking in 2021 with 242 counts, while second residence and investment property mortgages have seen minor fluctuations. This trend is critical for potential investors and real estate professionals, indicating a stronger demand for primary homes rather than secondary or investment properties. Appraisers and insurance agents might deduce potential appreciation in property values and risk profiles, while builders could align their development projects to cater to the growing need for primary housing solutions.
Economic Outlook
Baraga County, Michigan has experienced a rise in average taxable income per tax return, moving from roughly $39,945.58 in 2013 to about $55,311.30 in 2021. This growth may hint at a strengthening local economy, potentially boosting real estate attractiveness. However, the average state and local income taxes have also increased, from $3,513.89 in 2012 to $5,840.00 in 2021, suggesting a growing tax burden that could influence investment decisions. Higher average total tax liabilities, climbing... Read more
Average Taxable Income per Tax Return in Baraga County, MI over the last 9 years
Baraga County, Michigan has seen a notable uptick in average taxable income per tax return over the past nine years. Starting at approximately $39,945.58 in 2013, there's a clear upward trend peaking at around $55,311.30 in 2021. This steady income growth could imply a strengthening local economy, potentially making the area more attractive for real estate investment, relocations, and new property development. Such financial shifts are relevant for appraisers, insurance agents, and real estate professionals evaluating long-term prospects in the region.
Average State and Local Income Taxes Per Tax Return in Baraga County, MI Over the Last 10 Years
Baraga County, Michigan has seen notable fluctuations in average state and local income taxes per tax return over the past decade. Starting at approximately $3,513.89 in 2012, there was a steady but modest increase until 2015, followed by a significant rise to $4,438.24 in 2016. The trend continued upward, peaking at $5,440.00 in 2020 and even higher at $5,840.00 in 2021. These changes suggest a growing tax burden, which might impact decisions for potential investors, movers, and property developers when considering the local economic environment.
Average Total Tax Liability Per Tax Return in Baraga County, MI Over the Last 10 Years
Baraga County, Michigan has generally seen an upward trend in average total tax liability per tax return over the past decade, moving from $4,734.85 in 2012 to $6,869.20 in 2021. Notable increases year-to-year suggest possibly improving economic conditions or changes in tax policies that could impact investors and property developers. Higher tax liabilities might indicate rising property values, which could be a double-edged sword for residents and potential buyers. While growth can signal prosperity, it also raises considerations for appraisers and insurance agents regarding property value assessments and coverage costs. Real estate agents and those looking to move to the area might also be interested in these trends for long-term planning.
Cost of Living in Baraga County
Family Size | Housing | Food | Heath Care | Child Care | Taxes |
---|---|---|---|---|---|
2 adults 4 children | $1,005 | $1,476 | $2,100 | $1,049 | $1,187 |
1 adult 4 children | $1,005 | $1,205 | $1,608 | $1,049 | $1,260 |
2 adults 3 children | $1,005 | $1,206 | $1,822 | $1,049 | $967 |
1 adult 3 children | $1,005 | $984 | $1,329 | $1,049 | $1,012 |
2 adults 2 children | $826 | $987 | $1,543 | $909 | $871 |
1 adult 2 children | $826 | $737 | $1,050 | $909 | $778 |
2 adults 1 child | $826 | $780 | $1,264 | $455 | $801 |
1 adult 1 child | $826 | $504 | $771 | $455 | $649 |
2 adults | $651 | $627 | $985 | $0 | $693 |
1 adult | $644 | $342 | $493 | $0 | $566 |
Safety trends & Data
Baraga County, Michigan, exhibits a diverse property crime landscape that buyers and investors might find informative. Larceny-theft numbers have seen fluctuations, and while motor vehicle theft and embezzlement remain low, they are persistent concerns. Interestingly, fraud spiked in 2018 but has since vanished from recent data, while vandalism continues to appear sporadically. Since 2021, newer issues like arson have begun to surface, possibly indicating changing criminal dynamics in the area.... Read more
Property Crime Trends in Baraga County, MI Over the Last 5 Years
Baraga County, Michigan, has experienced a varied landscape of property crimes over the past five years. While instances of larceny-theft have fluctuated, motor vehicle theft and embezzlement have generally been low but persistent issues. Fraud peaked in 2018 but has been nonexistent in recent reports. Vandalism appears infrequently but consistently, making it a modest concern. Notably, newer issues such as arson have emerged since 2021, hinting at evolving criminal dynamics. For potential investors or real estate agents, understanding these trends could aid in assessing risk and making informed decisions about property investments and insurance coverage in Baraga County.
Demographics
Baraga County, Michigan, exhibits a diverse demographic landscape, with a notable majority of the adult population identifying as White, and significant representation from American Indian and Alaska Native communities. The gender distribution tilts slightly in favor of males. Educational attainment varies, with a substantial portion of residents holding a high school diploma and a notable segment having pursued higher education. The age distribution suggests a balanced mix across different age... Read more
Race Distribution in Baraga County, Michigan (2022)
Educational Attainment in Baraga County, Michigan (2022)
Age Distribution in Baraga County, Michigan
Citizen Population in Baraga County, Michigan (2022)
Political Trends & Data
Baraga County, Michigan, saw a pronounced preference for Republican candidates in the 2020 U.S. Presidential Election, with around 62% of the vote potentially leaning right, compared to about 37% for Democrats. Minor parties, collectively, might have secured less than 1%, suggesting a strong two-party dominance. This indicates a largely conservative political environment, with minimal support for third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Baraga County, Michigan, leaned significantly toward the Republican side in the 2020 U.S. Presidential Election, with potentially around 62% of the vote, while the Democrats garnered approximately 37%. Minor parties, like the Libertarian and Green parties, together possibly accounted for less than 1% of the vote, highlighting a strong two-party preference. This distribution suggests Baraga County's political landscape might be predominantly conservative, with limited traction for third-party candidates.
62.21% of voters voted for the Republican party in the 2020 Presidential Election
36.60% of voters voted for the Democrat party in the 2020 Presidential Election
0.77% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Baraga County, Michigan has maintained a relatively low student-to-teacher ratio over the past decade, often below the national average of 14 students per teacher. Ratios have been as low as 11 in 2019, rising slightly to 12 in 2022, before dropping back to 11 in 2023. This trend suggests more individualized attention for students, potentially appealing to families looking to move to the area. Investors and real estate professionals could view this as a positive aspect influencing property... Read more
Student-to-teacher ratio in Baraga County, Michigan over the last 10 years
Baraga County, Michigan has seen a relatively low student-to-teacher ratio over the last decade, consistently falling below the national average of 14 students per teacher. Ratios have fluctuated, with notable lows such as 11 in 2019 and gradually rebounding to 12 in 2022 before dipping back to around 11 in 2023. This lower student-to-teacher ratio might suggest more individualized attention for students, which could be a significant factor for families considering moving to the area. For investors, builders, real estate agents, and appraisers, understanding this trend can provide insights into the local education environment and potentially influence property values and market demand. Insurance agents might also consider this factor when assessing the risk and academic environment quality for underwriters.