Charlevoix County Real Estate and Livability Trends
Charlevoix County, Michigan's real estate market is showing intriguing trends, with median home values jumping from $153,000 in 2015 to $220,000 in 2022, outpacing state and national growth rates. Rising state and local income taxes, coupled with a spike in taxable income, suggest heightened earnings and possibly increasing living costs, which could drive property values higher. Additionally,... Read more
Charlevoix County Market Trends
In Charlevoix County, Michigan, median home values have climbed from $153,000 in 2015 to $220,000 in 2022, surpassing state and national growth rates. The area has seen fluctuations in residential energy tax credits and a significant rise in real estate taxes, now averaging $10,482.61 per return as of 2021. Farm tax returns have shown slight variation but remain stable, while mortgage trends... Read more
Median Value of Occupied Housing Units in Charlevoix County, Michigan Over the Last 8 Years
Charlevoix County, Michigan, has seen a steady increase in median home values over the past eight years, reaching $220,000 in 2022 from $153,000 in 2015. This growth rate outpaces both the state of Michigan, where values jumped from $122,400 to $201,100 in the same period, and the national figures, which rose from $125,500 to $179,400. Such a trend could make Charlevoix County an appealing area for potential investors, homebuyers, and developers, signaling a robust local real estate market.
Residential Energy Tax Credit Per Tax Return in Charlevoix County, MI Over the Last 9 Years
In Charlevoix County, Michigan, the average residential energy tax credit per tax return saw notable fluctuations over the past nine years. Notably, from a relatively stable range of approximately $300.00 to $335.00 between 2013 and 2017, there was a spike to $1925.00 in 2018, before dropping to $882.35 in 2019, and then gradually declining to $569.57 in 2020 and $652.17 in 2021. These variations suggest a potential increase in energy-efficient home investments or policy changes impacting tax credits during those years, making it an intriguing point for those considering energy efficiency investments in the area.
Average Real Estate Taxes Per Tax Return in Charlevoix County, MI Over the Last 10 Years
Over the past decade, Charlevoix County in Michigan has seen a steady, sometimes sharp, increase in average real estate taxes per tax return. Starting at $4,530.84 in 2012, the figures have more than doubled to a notable $10,482.61 by 2021. Such a trend points towards rising property values, suggesting potential growth opportunities for investors, higher appraisal values, and possibly increased insurance premiums. For those considering buying or building property, it's essential to account for these increasing tax obligations, which could impact overall affordability and return on investment. Real estate professionals would be well-advised to keep a close eye on this upward trajectory, as it signals a dynamic and possibly lucrative market.
Percentage of Farm Returns in Charlevoix County, MI Over the Last 10 Years
Over the past decade in Charlevoix County, Michigan, farm tax returns have hovered around 1.28% to 1.06%, with a slight downward trend in recent years. This minor variability can offer insights into the region's agricultural stability and economic conditions, which might be noteworthy for potential investors or residents. Farm tax returns generally indicate the financial performance of agricultural activities and, by extension, can reflect local farming viability and sustainability, impacting land values and rural development opportunities.
Number of Mortgages by Occupancy Type in Charlevoix County, MI Over the Last 5 Years in Charlevoix County
Over the last five years in Charlevoix County, Michigan, there has been a notable increase in mortgages for second residences and a relatively steady number for investment properties. The most substantial shift is seen in the dramatic rise and subsequent dip in principal residence mortgages, peaking in 2021. These variations in occupancy type shed light on the evolving nature of the housing market, potentially driven by external economic factors and lifestyle changes. For investors, insurers, and real estate agents, understanding these occupancy trends is crucial, as they directly influence property valuations, insurance risks, and investment opportunities. This data can also inform builders and developers about the demand dynamics and preferred property types, ensuring more strategic development and sales planning.
Economic Outlook
The average taxable income per tax return in Charlevoix County, Michigan, leaped from about $56,117.06 in 2013 to roughly $95,087.54 in 2021, signaling a possibly strengthening local economy. Concurrently, state and local income taxes per tax return rose markedly from $5,931.27 in 2012 to $23,071.43 in 2021, suggesting higher earnings but potentially increasing living costs. Moreover, total tax liability per tax return saw a sharp increase from $10,302.40 in 2012 to around $18,498.93 in 2021,... Read more
Average Taxable Income per Tax Return in Charlevoix County, MI over the last 9 years
The average taxable income per tax return in Charlevoix County, Michigan has seen a steady increase over the past nine years, jumping from approximately $56,117.06 in 2013 to around $95,087.54 in 2021. This consistent upward trend may indicate a strengthening local economy, making the area potentially attractive for investment and real estate development. For insurance agents and appraisers, rising incomes could suggest higher property values and increased demand for robust coverage options. Real estate professionals might find this growth appealing for marketing to prospective buyers looking for a financially thriving community.
Average State and Local Income Taxes Per Tax Return in Charlevoix County, MI Over the Last 10 Years
Over the past decade, Charlevoix County, Michigan has seen a substantial rise in average state and local income taxes per tax return, surging from approximately $5,931.27 in 2012 to around $23,071.43 in 2021. This notable increase suggests a growing taxpayer base and potentially higher earnings within the county. For potential investors or those considering relocation, this trend could indicate a robust economic environment but might also mean higher living costs and tax liabilities.
Average Total Tax Liability Per Tax Return in Charlevoix County, MI Over the Last 10 Years
Charlevoix County, Michigan's average total tax liability per tax return has seen significant fluctuations over the past decade, with a notable increase from around $10,302.40 in 2012 to approximately $18,498.93 in 2021. The sharp spike in 2021 could hint at economic improvements or changes in tax policy impacting residents. This data could be particularly relevant for real estate agents, potential investors, and those considering relocating to the area, as it reflects underlying economic shifts that may influence property values and financial planning.
Cost of Living in Charlevoix County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,246 | $1,713 | $1,603 | $1,357 | $1,312 |
| 1 adult 4 children | $1,246 | $1,399 | $1,224 | $1,357 | $1,429 |
| 2 adults 3 children | $1,246 | $1,400 | $1,392 | $1,357 | $1,093 |
| 1 adult 3 children | $1,246 | $1,143 | $1,013 | $1,357 | $1,188 |
| 2 adults 2 children | $877 | $1,146 | $1,181 | $1,176 | $898 |
| 1 adult 2 children | $877 | $856 | $802 | $1,176 | $862 |
| 2 adults 1 child | $877 | $905 | $970 | $588 | $821 |
| 1 adult 1 child | $877 | $585 | $591 | $588 | $667 |
| 2 adults | $703 | $727 | $759 | $0 | $674 |
| 1 adult | $606 | $397 | $379 | $0 | $540 |
Safety trends & Data
Charlevoix County, Michigan, has experienced a notable decrease in property crime over the last five years. Larceny-theft and vandalism incidents peaked at 41.00 and 16.00 in 2018 and 2020, respectively, but both categories showed significant declines by 2022. Burglary rates have also consistently dropped from 8.00 in 2018 to just 2.00 in 2022. Embezzlement and fraud have trended downward as well, suggesting a safer environment that might positively impact real estate decisions, property... Read more
Property Crime Trends in Charlevoix County, MI Over the Last 5 Years
Charlevoix County, Michigan, has seen a noticeable decrease in property crime over the last five years. From a peak in 2018 and 2020 with offenses like larceny-theft and vandalism reaching 41.0 and 16.0 incidents respectively, both categories showed significant declines by 2022. Burglary instances have consistently decreased from 8.0 in 2018 to just 2.0 in 2022. Embezzlement and fraud have also trended downward, reflecting a broader reduction in property-related offenses. This shift could influence real estate decisions, property valuations, and insurance premiums, presenting a potentially safer and more stable environment for investors and residents alike.
Demographics
Charlevoix County, Michigan, exhibits an almost equal gender balance, though there’s a slightly higher number of females compared to males. Educational attainment highlights a significant portion of the population being high school graduates, yet there's a notable portion of residents with no high school diploma. Age distribution skews older, with a substantial number of residents aged 55 and over. The county’s racial makeup is predominantly White, with minimal representation from other... Read more
Race Distribution in Charlevoix County, Michigan (2022)
Educational Attainment in Charlevoix County, Michigan (2022)
Age Distribution in Charlevoix County, Michigan
Citizen Population in Charlevoix County, Michigan (2022)
Political Trends & Data
Charlevoix County in Michigan leans Republican based on the 2020 U.S. Presidential Election, with Republicans getting about 57.9% of the vote, compared to Democrats' 40.8%. The smaller shares for Libertarians and the Green Party highlight a strong conservative presence but also indicate a spectrum of political views within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Charlevoix County in Michigan likely leans Republican based on the 2020 U.S. Presidential Election results, with Republicans receiving around 57.9% of the vote. Democrats garnered approximately 40.8%, while Libertarians and the Green Party each got noticeably smaller shares. The significant gap between the two major parties might suggest a strong conservative base, but the presence of minor parties also hints at a diversity of political perspectives.
57.89% of voters voted for the Republican party in the 2020 Presidential Election
40.82% of voters voted for the Democrat party in the 2020 Presidential Election
0.94% 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
0.10% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Charlevoix County, Michigan, the student-to-teacher ratio spiked to 24 in 2022, significantly above the national average of 14. These fluctuations could impact educational quality and property values. Investors, real estate agents, and builders might find these trends useful when evaluating the area's long-term appeal and resource needs, while families may consider these shifts when making relocation... Read more
Student-to-teacher ratio in Charlevoix County, Michigan over the last 10 years
The student-to-teacher ratio in Charlevoix County, Michigan has experienced significant fluctuations over the past decade, peaking above the national average of 14 students per teacher in multiple years. Notably, the ratio spiked to 24 in 2022, which could impact both educational quality and property values. Investors, real estate agents, and builders might find these trends valuable in assessing the area's long-term attractiveness and resource allocation. For those moving to or living in Charlevoix County, these variations may hint at changing educational conditions that could influence family decisions.
