Cheboygan County Real Estate and Livability Trends
Cheboygan County, Michigan, has seen average taxable income per tax return rise sharply from $42,927.41 in 2013 to $68,363.83 in 2021, with a notable spike post-2017 that may attract investors eyeing economic growth. Median home values jumped from $112,400 in 2015 to $167,400 in 2022, indicating a competitive real estate market. The area's property crime rates, particularly burglary and... Read more
Cheboygan County Market Trends
Cheboygan County, Michigan, has seen its median home values climb from $112,400 in 2015 to $167,400 in 2022, marking a significant appreciation and making it a competitive market within Michigan and nationally. Residential energy tax credits also saw notable fluctuations, with a peak average credit of $1,566.67 per tax return in 2018, suggesting a surge in energy-efficient improvements. Real... Read more
Median Value of Occupied Housing Units in Cheboygan County, Michigan Over the Last 8 Years
Over the last 8 years, Cheboygan County, Michigan, has experienced a significant uptick in median home values, climbing from $112,400 in 2015 to $167,400 in 2022. This growth trajectory positions Cheboygan County's housing market as a competitive opportunity when compared to Michigan's state median, which rose from $122,400 to $201,100 over the same period. Nationally, the median value increased from $125,500 to $179,400. With Cheboygan County trending substantially upward, it offers potential for appreciation in an investment, purchase, or new developments while remaining slightly more affordable than both the state and national medians.
Residential Energy Tax Credit Per Tax Return in Cheboygan County, MI Over the Last 9 Years
Cheboygan County, Michigan has seen significant fluctuations in residential energy tax credits over the past nine years. Notably, 2018 stands out with an average credit of $1,566.67 per tax return, a considerable spike compared to other years, hinting at a potential surge in energy-efficient home improvements or installations during that time. The majority of the other years generally show credits ranging between approximately $257.58 to $679.31, indicating a sustained but varied investment in residential energy efficiency. This data could be particularly useful for investors, real estate agents, and those in the home improvement sector when assessing market trends and opportunities.
Average Real Estate Taxes Per Tax Return in Cheboygan County, MI Over the Last 10 Years
Cheboygan County, Michigan has seen a significant rise in real estate taxes per tax return over the past decade. Starting at $3,104.62 in 2012, the average tax per tax return has increased notably, reaching $6,656.10 in 2021. This upward trend, particularly the sharp jumps from 2017 onwards, could be indicative of increasing property values and potentially more development in the area. For potential investors, appraisers, and real estate agents, understanding these tax trends is crucial for forecasting future costs and assessing the financial climate of the county.
Percentage of Farm Returns in Cheboygan County, MI Over the Last 10 Years
In Cheboygan County, Michigan, the percentage of farm tax returns has seen a generally slight downward trend over the past decade, fluctuating modestly around the 1.67% to 1.81% range. 2021 marked the lowest point at approximately 1.51%. These tax returns generally reflect the economic viability and presence of agricultural operations within the county. Investors or those looking to build property here might find it interesting that consistent, albeit minor, declines suggest potential shifts in the local economy which may impact future agricultural development or land use.
Number of Mortgages by Occupancy Type in Cheboygan County, MI Over the Last 5 Years in Cheboygan County
In Cheboygan County, Michigan, the data shows that the number of mortgages for principal residences has generally been the highest over the past five years, with notable peaks in 2020 and 2021. Investment property mortgages have remained relatively stable but low, while second residences saw a fluctuating trend with a significant increase in 2020. These occupancy type shifts can hint at broader market dynamics. For investors, the relatively low numbers for investment property mortgages might suggest limited competition or challenges in that sector. Potential homeowners might find the data indicative of a strong primary residence market, reflecting stability or growing demand in the area. Appraisers and real estate agents might use these insights to adjust property valuations and marketing strategies accordingly. Insurance agents could consider these trends when assessing risk levels, and builders might gauge the potential success of new residential projects. This contextual understanding can be valuable for anyone engaged with the local real estate landscape.
Economic Outlook
Cheboygan County, Michigan's average taxable income per tax return has surged from $42,927.41 in 2013 to $68,363.83 in 2021, with a pronounced spike post-2017. This trend could indicate economic growth or demographic changes, likely drawing interest from investors and real estate agents eyeing rising affluence. Concurrently, state and local income taxes have climbed from $4,387.26 in 2012 to $10,971.05 in 2021, with a sharp increase between 2017 and 2018. Such data might underscore increasing... Read more
Average Taxable Income per Tax Return in Cheboygan County, MI over the last 9 years
Cheboygan County, Michigan has experienced a notable upward trend in average taxable income per tax return over the past nine years, jumping from approximately $42,927.41 in 2013 to about $68,363.83 in 2021. This steady increase, particularly the sharp rise post-2017, could potentially signal economic growth or demographic shifts. Such data might intrigue investors and real estate agents considering the area's increased affluence, while appraisers and insurance agents may find it useful for assessing property values and risks.
Average State and Local Income Taxes Per Tax Return in Cheboygan County, MI Over the Last 10 Years
Over the last decade in Cheboygan County, Michigan, average state and local income taxes per tax return have seen a notable upward trend. From $4,387.26 in 2012 to $10,971.05 in 2021, there's a stark increase, particularly between 2017 and 2018, where the average nearly doubled from $6,194.95 to $10,781.82. This rapid rise may highlight increasing tax rates or improved income levels, making it a key consideration for potential investors or new residents evaluating economic stability in the area.
Average Total Tax Liability Per Tax Return in Cheboygan County, MI Over the Last 10 Years
Cheboygan County, Michigan has seen varied changes in average total tax liability per tax return over the last decade, with figures rising from approximately $6,984.00 in 2012 to about $11,395.00 in 2021. Notably, there was a significant surge between 2015 and 2017, potentially reflecting economic shifts or policy changes. These trends might be of interest to potential investors or real estate professionals, as they could indicate an evolving tax landscape that may influence property values and investment returns. Similarly, those looking to move to the area or appraise properties should consider the rising liabilities as part of their financial planning.
Cost of Living in Cheboygan County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,062 | $1,412 | $1,669 | $1,166 | $1,057 |
| 1 adult 4 children | $1,062 | $1,153 | $1,275 | $1,166 | $1,150 |
| 2 adults 3 children | $1,062 | $1,153 | $1,449 | $1,166 | $870 |
| 1 adult 3 children | $1,062 | $941 | $1,055 | $1,166 | $936 |
| 2 adults 2 children | $873 | $944 | $1,229 | $1,010 | $806 |
| 1 adult 2 children | $873 | $705 | $835 | $1,010 | $732 |
| 2 adults 1 child | $873 | $746 | $1,009 | $505 | $742 |
| 1 adult 1 child | $873 | $482 | $615 | $505 | $618 |
| 2 adults | $663 | $599 | $789 | $0 | $631 |
| 1 adult | $584 | $327 | $395 | $0 | $518 |
Safety trends & Data
Cheboygan County, Michigan, has experienced a noticeable shift in property crime over the past five years, with burglary incidents decreasing from 20.0 in 2018 to just 4.0 in 2022, and larceny-theft showing a general downward trend from 43.0 to 17.0. Meanwhile, vandalism incidents spiked to 15.0 in 2019 and have stayed relatively high since. This evolving crime landscape might influence investment attractiveness, property insurance premiums, and community safety... Read more
Property Crime Trends in Cheboygan County, MI Over the Last 5 Years
Cheboygan County, Michigan has seen a noticeable shift in property crime over the last five years, with significant variations in burglary, larceny-theft, and vandalism incidents. Burglary numbers have mostly decreased from 20.0 in 2018 to just 4.0 in 2022. Larceny-theft, though fluctuating, also shows a general downward trend from 43.0 in 2018 to 17.0 in 2022. Vandalism incidents, however, spiked to 15.0 in 2019 and have since remained relatively high compared to other years. This evolving crime landscape could impact investment attractiveness, property insurance premiums, and community safety initiatives.
Demographics
Cheboygan County, Michigan, where the adult population is almost evenly split between males and females, has a significant portion of its residents holding at least a high school diploma. A diverse age distribution suggests a substantial number of older adults, particularly those aged 55 and above, though younger cohorts also contribute to the demographic spread. Predominantly White, the racial makeup indicates limited diversity, with smaller populations of Black, American Indian, and Asian... Read more
Race Distribution in Cheboygan County, Michigan (2022)
Educational Attainment in Cheboygan County, Michigan (2022)
Age Distribution in Cheboygan County, Michigan
Citizen Population in Cheboygan County, Michigan (2022)
Political Trends & Data
Cheboygan County, Michigan's 2020 U.S. Presidential Election results indicate a strong Republican lean, with approximately 64% voting for the GOP. Democratic support stands at around 34%, while minor parties struggled to gain traction. This suggests entrenched conservative values, which might pose challenges for Democrats and third-party candidates in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Cheboygan County, Michigan, the 2020 U.S. Presidential Election results suggest a strong Republican presence, with approximately 64% of the vote. Democratic support appears significantly lower, hovering around 34%. Minor parties, including Libertarians and Greens, garnered minimal support, reflecting potential challenges in influencing local political dynamics. These figures could indicate prevailing conservative values within the county and potential obstacles for Democrats and smaller parties.
64.19% of voters voted for the Republican party in the 2020 Presidential Election
34.26% of voters voted for the Democrat party in the 2020 Presidential Election
1.24% 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
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Cheboygan County, Michigan's student-to-teacher ratio peaked at 59 in 2015 but has since declined to around 14 in 2023, hinting at better individual attention for students. This trend may attract families, making the area more appealing for real estate investments. Improved educational metrics could indicate a more stable market and even influence property values and insurance premiums, pointing to community growth and investment in... Read more
Student-to-teacher ratio in Cheboygan County, Michigan over the last 10 years
Cheboygan County, Michigan has seen significant fluctuations in its student-to-teacher ratio over the past decade, peaking at 59 students per teacher in 2015 before gradually declining to around 14 in 2023. This variability matters because a lower student-to-teacher ratio generally implies more individual attention for students, which can be a draw for families considering moving to the area. For real estate agents and those investing in property, areas with improving educational metrics may present more stable and attractive markets. Furthermore, insurance agents might use this information to better assess community growth and educational investment trends, which could impact property values and premiums. For those living in or moving to Cheboygan County, a lower ratio closer to the national average suggests potential improvements in educational quality.
