Chippewa County Real Estate and Livability Trends
Chippewa County, Michigan has seen a significant rise in average taxable income over the past nine years, suggesting potential economic growth. The jump between 2020 and 2021 taxes hints at changing local economic dynamics. Median home values surged from $123,300 in 2021 to $142,000 in 2022, diverging from broader Michigan and national trends. Rising real estate taxes reflect increasing property... Read more
Chippewa County Market Trends
Between 2015 and 2022, Chippewa County in Michigan experienced a noteworthy rise in median home values, jumping from $123,300 in 2021 to $142,000 in 2022, diverging from Michigan's broader trend and the national average, signaling potential growth. Residential energy tax credits in the county also fluctuated, peaking in years like 2019 ($403.57) and 2021 ($424.24), which might suggest increasing... Read more
Median Value of Occupied Housing Units in Chippewa County, Michigan Over the Last 8 Years
Between 2015 and 2022, Chippewa County in Michigan saw a steady rise in median home values, culminating in a significant jump from $123,300 in 2021 to $142,000 in 2022. This pace contrasts with Michigan's overall trend, which climbed from $122,400 in 2015 to $201,100 in 2022, and the national trend, where values increased from $125,500 to $179,400 over the same period. Individuals considering investing, relocating, or developing property in Chippewa County might find the relatively lower median values an attractive proposition, especially given the rising trend that could signal future growth.
Residential Energy Tax Credit Per Tax Return in Chippewa County, MI Over the Last 8 Years
Over the past eight years, Chippewa County, Michigan has seen fluctuations in the average residential energy tax credit per tax return. Notably, 2019 and 2021 experienced higher credits, reaching $403.57 and $424.24 respectively, which could indicate increased investments in energy efficiency for homes. While there were dips, like in 2017 ($268.42) and 2020 ($259.46), the general upward trend might suggest growing awareness or incentives related to energy conservation. This variability is probably significant for investors, developers, and homeowners interested in the impact of energy efficiency on property values and overall costs.
Average Real Estate Taxes Per Tax Return in Chippewa County, MI Over the Last 10 Years
Over the last decade, Chippewa County, Michigan has experienced a notable rise in average real estate taxes per tax return, starting around $2,729.75 in 2012 and reaching $3,880.65 by 2021. A significant jump is observed between 2017 and 2018, from approximately $3,298.99 to $4,341.67. This data could suggest an underlying increase in property values or changes in tax policy, both of which are key considerations for investors, homebuyers, and professionals like real estate agents and insurance agents. Such trends might also affect property appraisals and the financial planning of current and prospective residents.
Percentage of Farm Returns in Chippewa County, MI Over the Last 10 Years
Over the last decade, Chippewa County, Michigan, has seen a gradual decline in the percentage of farm tax returns filed. Starting at roughly 1.95% in 2012, the percentage has fluctuated slightly, peaking at around 1.97% in 2014 and eventually dipping to approximately 1.51% by 2020. Farm tax returns represent the proportion of tax filings attributable to farm income, which can offer insights into the local agricultural economy. This trend may interest investors, prospective property developers, and new residents as it hints at a shrinking farm-based tax base, possibly indicating shifts in the county's economic structure and land use patterns.
Number of Mortgages by Occupancy Type in Chippewa County, MI Over the Last 5 Years in Chippewa County
In Chippewa County, Michigan, mortgage activity over the past five years reveals notable fluctuations, particularly in the principal residence category which peaked in 2021 with 810 mortgages. Investment property mortgages, while lower in volume, saw a decrease from 37 in 2019 to 20 in 2021, suggesting a shift in investment focus or market conditions. Second residence mortgages displayed significant variability, notably rising to 132 in 2020. Changes in occupancy type data are crucial for investors, appraisers, insurance agents, and real estate professionals as they provide insight into market demand, risk levels, and potential revenue streams. This information can guide decisions on buying, selling, and financing properties, hinting at shifts in residential preferences and investment strategies in the region.
Economic Outlook
Chippewa County, Michigan has shown a gradual rise in average taxable income per tax return over the past nine years, from approximately $40,592.32 in 2013 to $55,077.32 in 2021, possibly signifying growing economic opportunities. The biggest jump between 2020 and 2021 could hint at shifting local economic dynamics. Additionally, average state and local income taxes per tax return have increased significantly, peaking at roughly $6,957.69 in 2021 from $3,946.12 in 2012, potentially reflecting... Read more
Average Taxable Income per Tax Return in Chippewa County, MI over the last 9 years
Over the past nine years, Chippewa County, Michigan has experienced a gradual increase in average taxable income per tax return, signaling modest economic improvement in the area. Notably, from 2013 to 2021, there's been a steady rise from approximately $40,592.32 to $55,077.32. This upward trend likely points to growing economic opportunities and could be a key factor for investors, real estate agents, and potential movers. The most significant jump seems to have occurred between 2020 and 2021, suggesting a possible shift in local economic dynamics or external factors influencing income levels.
Average State and Local Income Taxes Per Tax Return in Chippewa County, MI Over the Last 10 Years
Over the last decade, Chippewa County, Michigan, has seen a notable increase in average state and local income taxes per tax return, starting at around $3,946.12 in 2012 and peaking at approximately $6,957.69 in 2021. This steady rise, with several significant jumps like those in 2017 and 2019, suggests potential shifts in local economic policies and infrastructure investments. For prospective investors or new residents, understanding these tax changes could offer insights into the county's fiscal trajectory and economic health.
Average Total Tax Liability Per Tax Return in Chippewa County, MI Over the Last 10 Years
From 2012 to 2021, Chippewa County, Michigan saw a general upward trend in the average total tax liability per tax return, rising from approximately $5,537.90 to about $7,168.86. Notably, there were years with slight dips, but the overall increase suggests economic growth or higher income levels. For potential investors, real estate agents, and those considering moving to the area, these trends likely indicate a strengthening local economy, which can impact property values, investment returns, and living costs. This data is also critical for appraisers and insurance agents to gauge market conditions accurately.
Cost of Living in Chippewa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,081 | $1,395 | $1,751 | $1,175 | $1,041 |
| 1 adult 4 children | $1,081 | $1,140 | $1,338 | $1,175 | $1,123 |
| 2 adults 3 children | $1,081 | $1,140 | $1,519 | $1,175 | $858 |
| 1 adult 3 children | $1,081 | $931 | $1,106 | $1,175 | $910 |
| 2 adults 2 children | $888 | $933 | $1,288 | $1,019 | $792 |
| 1 adult 2 children | $888 | $697 | $875 | $1,019 | $710 |
| 2 adults 1 child | $888 | $738 | $1,057 | $509 | $728 |
| 1 adult 1 child | $888 | $476 | $644 | $509 | $601 |
| 2 adults | $675 | $593 | $826 | $0 | $617 |
| 1 adult | $594 | $323 | $413 | $0 | $504 |
Safety trends & Data
Chippewa County, Michigan has experienced diverse property crime trends over the past five years, with larceny-theft being the most frequent, peaking at 63 incidents in 2020. A notable rise in vandalism in 2022, with 20 cases recorded, could signal concerns for property owners and developers. Burglaries and motor vehicle thefts have shown sporadic spikes, which may influence property valuations, insurance premiums, and investment... Read more
Property Crime Trends in Chippewa County, MI Over the Last 5 Years
Chippewa County, Michigan has experienced varied trends in property crimes over the past five years. Notably, larceny-theft consistently remains the most frequent offense, peaking at 63 incidents in 2020. Interestingly, vandalism saw a significant rise in 2022 with 20 recorded cases, potentially signaling attention for property owners and developers. While burglaries and motor vehicle theft haven't shown consistent patterns, they did exhibit occasional spikes. These fluctuations in crime data might affect property valuations, insurance premiums, and investment decisions.
Demographics
Chippewa County, Michigan's demographic landscape in 2022 showcases some interesting patterns. While the male population slightly outnumbers females, the educational profile reveals a substantial proportion of residents have only attained a high school diploma or some college education. Age distribution hints at a balanced mix, though there tends to be a higher population in the 25 to 34-year age bracket. Racially, the county is predominantly White, yet there is also a noteworthy presence of... Read more
Race Distribution in Chippewa County, Michigan (2022)
Educational Attainment in Chippewa County, Michigan (2022)
Age Distribution in Chippewa County, Michigan
Citizen Population in Chippewa County, Michigan (2022)
Political Trends & Data
Chippewa County, Michigan's 2020 presidential election results may reflect a Republican-leaning electorate, with around 61.00% of the vote going to the Republican candidate. Democrats secured roughly 38.00%, indicating a notable level of partisan competition. Minor parties, including Libertarians and Greens, captured less than 2.00% of the vote, suggesting that the political landscape could be somewhat less diverse in terms of party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Chippewa County, Michigan's 2020 presidential election voting patterns might hint at a Republican-leaning electorate, with approximately 61% of the votes going their way. Democrats received about 38%, suggesting some level of partisan competition. Minor parties, including the Libertarians and Greens, collectively garnered less than 2% of the vote, pointing perhaps to a less diverse political landscape.
60.54% of voters voted for the Republican party in the 2020 Presidential Election
37.68% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% 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
The student-to-teacher ratio in Chippewa County, Michigan, peaked at 15 in 2017 but dropped to 12 in 2023. This lower ratio, compared to the US national average of 14, might attract families looking for smaller class sizes, offering a potential selling point for real estate agents. Developers and investors could see opportunities in addressing local education infrastructure needs. Also, insurance agents and appraisers should account for these trends when assessing property values and risks in... Read more
Student-to-teacher ratio in Chippewa County, Michigan over the last 10 years
The student-to-teacher ratio in Chippewa County, Michigan has shown some fluctuations over the last decade, peaking in 2017 at 15 students per teacher before dropping to 12 in 2023. This generally lower ratio compared to the US national average of 14 may indicate smaller class sizes, which might appeal to families considering relocation and can be a selling point for real estate agents. Furthermore, developers and investors could see opportunities in the local education sector's need for infrastructure, while insurance agents and appraisers should consider these trends when evaluating risk and property values in the area.
