Branch County Real Estate and Livability Trends
Branch County, Michigan, has experienced a steady rise in average taxable income per tax return, climbing from $43,358.20 in 2013 to $60,041.74 in 2021. Median home values surged from $95,200 in 2015 to $140,200 in 2022, indicating potential for affordable investment opportunities. Real estate taxes have nearly doubled over the decade, echoing increased property values. The student-to-teacher... Read more
Branch County Market Trends
Branch County, Michigan has seen its median home values rise from $95,200 in 2015 to $140,200 in 2022, still trailing behind the state's median increase and the national average, suggesting affordable investment opportunities. Real estate taxes have almost doubled from $2,639.68 in 2012 to about $5,173.33 in 2021, reflecting increased property values or policy shifts. Meanwhile, residential... Read more
Median Value of Occupied Housing Units in Branch County, Michigan Over the Last 8 Years
Branch County, Michigan has experienced a noticeable rise in median home values over the past eight years, growing from $95,200 in 2015 to $140,200 in 2022. Compared to Michigan's statewide median, which increased from $122,400 to $201,100 over the same period, Branch County's growth rate appears slightly more tempered. Nationally, the median home value climbed from $125,500 to $179,400, indicating that Branch County's housing market may offer relatively affordable investment opportunities. This differential could appeal to potential homebuyers or investors seeking less expensive property options within Michigan.
Residential Energy Tax Credit Per Tax Return in Branch County, MI Over the Last 9 Years
Residential energy tax credits in Branch County, Michigan have shown noteworthy fluctuations over the last nine years. Beginning in 2013 with an average of $281.36 per tax return, the credit oscillated, peaking dramatically in 2018 at $2,342.86 before stabilizing around $769.23 in 2019 and closing at $786.05 in 2021. This variability might indicate evolving local policies, energy initiatives, or changing homeowner investment in energy-efficient technologies. Investors, homeowners, and industry professionals should closely consider these trends as they likely reflect broader economic and environmental shifts within the county.
Average Real Estate Taxes Per Tax Return in Branch County, MI Over the Last 10 Years
Real estate taxes per tax return in Branch County, Michigan, have shown a notable upward trajectory over the last decade, reflecting broader economic trends and property valuation increases. Beginning at approximately $2,639.68 in 2012 and rising steadily to about $5,173.33 by 2021, this nearly doubling of the average tax burden suggests a growth in property values or potentially changes in local tax policy. For investors, real estate agents, and potential residents, this trend could indicate an increasingly lucrative market or a need to factor higher taxes into financial planning.
Percentage of Farm Returns in Branch County, MI Over the Last 10 Years
Over the last decade, Branch County, Michigan has seen a gradual decline in the percentage of farm tax returns, dropping from 4.40% in 2012 to approximately 3.60% by 2021. Farm tax returns, which reflect the number of taxpayers reporting income from farming activities, provide insights into the agricultural sector's economic vitality. This trend could imply a dwindling number of active farms or a shift in the economic focus of the area, which may be relevant for potential investors, new residents, or developers considering opportunities or the local business landscape in Branch County.
Number of Mortgages by Occupancy Type in Branch County, MI Over the Last 5 Years in Branch County
Over the past five years, Branch County, Michigan has seen a steady dominance of principal residence mortgages compared to investment and second residences. Notably, there was a peak in the number of principal residence mortgages in 2020. On the flip side, investment property mortgages have hovered at lower values, peaking modestly in 2022. Second residence mortgages showed the highest count in 2020 but generally maintained a more stable presence overall. Changes in the occupancy type of mortgages can signal shifts in the local real estate market and economic conditions. A rise in principal residences might indicate growing confidence in the local economy and an influx of permanent residents, which could drive up property values. Conversely, consistent or increasing investment property mortgages may suggest lucrative opportunities for rental income, attracting investors. For those in appraisal, real estate, or insurance sectors, understanding these trends helps anticipate market demands and potential risks, while for potential movers or investors, it provides a snapshot of the county's residential dynamics.
Economic Outlook
Branch County, Michigan, has seen a consistent rise in the average taxable income per tax return, climbing from $43,358.20 in 2013 to $60,041.74 in 2021. This trend could signal a strengthening local economy and better purchasing power for residents. The average state and local income taxes per return have also increased significantly, from approximately $4,081.05 in 2012 to around $8,134.09 in 2021, highlighting potential changes in tax policies or economic growth. Fluctuations in total tax... Read more
Average Taxable Income per Tax Return in Branch County, MI over the last 9 years
Average taxable income per tax return in Branch County, Michigan, has exhibited consistent growth over the past nine years. Starting at $43,358.20 in 2013, it has seen a notable increase every year, culminating in $60,041.74 by 2021. For investors, real estate agents, and those considering relocation, this upward trend could signal a strengthening local economy and an increase in residents' purchasing power. For insurance agents and appraisers, the rising income levels typically correlate with higher property values and demand for more comprehensive coverage.
Average State and Local Income Taxes Per Tax Return in Branch County, MI Over the Last 10 Years
Over the last decade, Branch County, Michigan has seen a notable increase in average state and local income taxes per tax return, with values rising from around $4,081.05 in 2012 to approximately $8,134.09 in 2021. This upward trend, particularly sharp post-2017, suggests a growing financial contribution from residents towards state and local revenues. For potential investors or new residents, it emphasizes the evolving fiscal landscape and might indicate a stronger local economy or changing tax policies.
Average Total Tax Liability Per Tax Return in Branch County, MI Over the Last 10 Years
Over the last decade, Branch County, Michigan, has experienced fluctuations in its average total tax liability per tax return, with amounts generally increasing. Notable peaks occurred in 2021 at $8,317.21 and in 2017 at $7,218.38, while dips were seen in 2018 at $6,622.85 and 2016 at $6,670.17. These trends might suggest a rising economic growth or changing tax policies and could affect investment prospects and the cost of living in the area.
Cost of Living in Branch County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,067 | $1,323 | $1,885 | $1,206 | $1,066 |
| 1 adult 4 children | $1,067 | $1,080 | $1,441 | $1,206 | $1,145 |
| 2 adults 3 children | $1,067 | $1,081 | $1,636 | $1,206 | $877 |
| 1 adult 3 children | $1,067 | $882 | $1,192 | $1,206 | $931 |
| 2 adults 2 children | $828 | $885 | $1,386 | $1,045 | $792 |
| 1 adult 2 children | $828 | $661 | $942 | $1,045 | $704 |
| 2 adults 1 child | $828 | $699 | $1,137 | $522 | $725 |
| 1 adult 1 child | $828 | $452 | $693 | $522 | $596 |
| 2 adults | $654 | $562 | $887 | $0 | $621 |
| 1 adult | $650 | $306 | $444 | $0 | $522 |
Safety trends & Data
Branch County, Michigan's property crime data shows a notable drop in larceny-theft cases from 76.0 in 2018 to 11.0 in 2022, possibly due to better policing or community efforts. Meanwhile, vandalism incidents have remained stable, indicating ongoing challenges. This trend could attract investors and developers by suggesting a safer environment for new projects. Appraisers and insurance agents should factor in these changes when evaluating property values and... Read more
Property Crime Trends in Branch County, MI Over the Last 5 Years
Branch County, Michigan has seen a notable decrease in property crimes such as larceny-theft from 76.0 cases in 2018 to 11.0 in 2022, which could indicate improved policing or community initiatives. However, vandalism incidents have remained relatively stable, suggesting persistent issues in that area. Investors and property developers might find the overall trend of declining theft encouraging, potentially reflecting a safer environment for business and residential developments. Appraisers and insurance agents should consider these trends when assessing property values and risk profiles in the area.
Demographics
Branch County, Michigan, shows a slight male majority in its adult population, reflecting a common trend in rural areas. The educational attainment landscape highlights that a significant portion of adults has at least a high school diploma, though there seems to be room for growth in higher education levels. The age distribution appears evenly spread with a noticeable focus on the older demographic, which could imply the need for services catering to an aging population. Racially, the county... Read more
Race Distribution in Branch County, Michigan (2022)
Educational Attainment in Branch County, Michigan (2022)
Age Distribution in Branch County, Michigan
Citizen Population in Branch County, Michigan (2022)
Political Trends & Data
Branch County, Michigan, showed a strong Republican preference in the 2020 U.S. Presidential Election, with roughly 68% of the vote, compared to about 30% for Democrats. The minimal impact from third parties, collectively under 2%, highlights a dominant two-party political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Branch County, Michigan, leaned heavily Republican in the 2020 U.S. Presidential Election, with the party capturing around 68% of the vote. Democrats secured close to 30%, indicating a significant gap between the two major parties. The Libertarian and Green parties, along with other minor parties, collectively garnered less than 2% of the vote, suggesting limited influence outside the primary two-party system.
68.48% of voters voted for the Republican party in the 2020 Presidential Election
29.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Branch County, Michigan has seen its student-to-teacher ratio fluctuate significantly over the past decade, going as low as 17 students per teacher in 2015 and peaking near 24 in 2017. These higher-than-average ratios, compared to the current US average of 14, might suggest limited educational resources, which can be crucial for families deciding on relocation and investors considering property values. Lower ratios could mean more personalized student attention, affecting community satisfaction... Read more
Student-to-teacher ratio in Branch County, Michigan over the last 10 years
Over the past decade, Branch County, Michigan has experienced significant fluctuations in its student-to-teacher ratio, ranging from a low of roughly 17 students per teacher in 2015 to a high of almost 24 in 2017. On average, this county has had ratios notably higher than the current US national average of 14 students per teacher. These changes in occupancy type matter because they could indicate varying levels of educational quality and available resources, which might be critical for families considering moving to the area, investors looking at property values, and schools evaluating their staffing needs. Elevated ratios might suggest stretched resources, while lower ratios could indicate more personalized attention for students, impacting overall community satisfaction and investment attractiveness.
