Clare County Real Estate and Livability Trends
Clare County, Michigan's rising average taxable income, from $36,956.46 in 2013 to $49,771.26 by 2021, could signal a strengthening economy, potentially attracting investors and new residents. Median home values surged from $79,800 in 2015 to $112,400 by 2022, suggesting undervaluation compared to broader markets. Real estate taxes saw a twofold increase, while a peak in residential energy tax... Read more
Clare County Market Trends
Clare County, Michigan, has seen its median home values rise from $79,800 in 2015 to $112,400 by 2022, hinting at an undervalued market compared to the state and national averages. Notable fluctuations in residential energy tax credits per return, peaking at $2200.00 in 2018, could indicate growing local interest in energy-efficient investments. Real estate taxes doubled from $2,281.91 in 2012 to... Read more
Median Value of Occupied Housing Units in Clare County, Michigan Over the Last 8 Years
Clare County, Michigan has experienced a significant uptick in median home values over the past 8 years, starting from $79,800 in 2015 and growing to $112,400 by 2022. While the county's values are generally lower compared to Michigan's state average, which escalated from $122,400 to $201,100 during the same period, and the national average jumping from $125,500 to $179,400, the local growth suggests a possible undervalued opportunity for investors. Those considering moving or building in Clare County might find the area's more affordable entry point an attractive investment compared to broader state and national markets.
Residential Energy Tax Credit Per Tax Return in Clare County, MI Over the Last 9 Years
Clare County, Michigan has seen fluctuations in the average residential energy tax credit per tax return over the past nine years, with a notable spike in 2018 reaching $2200.00. This suggests a temporary surge in energy-efficient investments or incentives during that year. Post-2018, the figures show variability but do not return to the low levels of the earlier years. These trends may indicate growing interest and investment in energy-saving measures and can be a key factor for investors, property developers, and homeowners aiming to capitalize on potential energy cost savings or tax benefits in the region.
Average Real Estate Taxes Per Tax Return in Clare County, MI Over the Last 10 Years
Over the past decade, Clare County, Michigan saw a notable increase in average real estate taxes per tax return, starting at approximately $2,281.91 in 2012 and escalating to around $4,252.17 by 2021. This trend suggests a steady appreciation in property values, potentially valuable insight for prospective investors and real estate professionals. By 2020, taxes surpassed the $4,000 mark, which may reflect either rising property assessments or higher local tax rates. This ongoing rise in real estate taxes is a critical factor for those considering long-term investments or residency, indicating possible higher costs but also a potentially lucrative market.
Percentage of Farm Returns in Clare County, MI Over the Last 10 Years
The percentage of farm tax returns in Clare County, Michigan over the past decade shows a somewhat stable trend, hovering mostly around 2.4%. Notably, there is a slight decline visible in 2020, with the percentage dropping to approximately 2.23%, before it trends back up to 2.37% in 2021. Farm tax returns are tax documents filed by agricultural business owners detailing their income, expenses, and other pertinent financial information. These figures might suggest the agricultural sector's stability and resilience in the county, providing valuable insights for potential investors looking into agribusiness or those considering property development tied to farming activities. Understanding these trends can also help current residents and new movers gauge the economic health and potential growth areas in Clare County’s agricultural landscape.
Number of Mortgages by Occupancy Type in Clare County, MI Over the Last 5 Years in Clare County
Over the last five years in Clare County, Michigan, there's been a notable increase in principal residence mortgages, peaking at 1,581 in 2021. Investment property mortgages have remained relatively stable, ranging between 31 and 54 annually. Second residence mortgages, however, exhibit more fluctuation, reaching a high of 377 in 2020 before dropping to 214 in 2022. Such shifts in occupancy type can influence local real estate values, affect demand for housing differently across categories, and impact decisions for potential investors, builders, and insurance agents. The predominance of principal residences suggests a stable, owner-occupied housing market which is often seen as less volatile and more attractive for long-term investments.
Economic Outlook
Clare County, Michigan is seeing a steady rise in average taxable income per tax return, moving from $36,956.46 in 2013 to $49,771.26 in 2021, indicating a potentially strengthening local economy that could catch the eye of investors and new residents. This financial uptick might drive up appraisal values, creating appealing opportunities for builders and realtors. The consistent growth in state and local income taxes suggests increasing economic activity or tax policy shifts, further adding to... Read more
Average Taxable Income per Tax Return in Clare County, MI over the last 9 years
Clare County, Michigan has observed a consistent increase in average taxable income per tax return over the last nine years, rising from roughly $36,956.46 in 2013 to approximately $49,771.26 in 2021. Such growth suggests a gradually strengthening local economy, which may appeal to investors and potential residents. This trend might also bolster appraisal values and positively influence the real estate market, making it a potentially lucrative area for builders and realtors. Insurance agents might note these economic shifts as they could impact coverage demands and pricing structures.
Average State and Local Income Taxes Per Tax Return in Clare County, MI Over the Last 10 Years
Over the past decade, Clare County, Michigan has seen a noteworthy rise in average state and local income taxes per tax return. Starting from approximately $3,540.85 in 2012, the figure climbed steadily, peaking at around $7,585.71 in 2019. While there was a slight dip in 2020 to $6,908.70, the trend remained upward, reaching $7,260.87 by 2021. This upward trend could be indicative of increasing economic activity or changes in tax policy within the county, which may interest potential investors, property developers, and new residents alike.
Average Total Tax Liability Per Tax Return in Clare County, MI Over the Last 10 Years
Over the past decade, Clare County, Michigan has experienced fluctuations in average total tax liability per tax return. Significant increases are noted between 2012's $4728.09 and 2021's $6367.90, with a peak around 2017 followed by slight decreases and another peak in 2021. This trend could suggest varying economic conditions affecting residents' tax obligations, making it crucial for investors, real estate agents, and property appraisers to consider these changes when assessing the financial landscape of the county.
Cost of Living in Clare County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,084 | $1,468 | $1,771 | $1,142 | $1,111 |
| 1 adult 4 children | $1,084 | $1,199 | $1,354 | $1,142 | $1,197 |
| 2 adults 3 children | $1,084 | $1,199 | $1,537 | $1,142 | $911 |
| 1 adult 3 children | $1,084 | $979 | $1,120 | $1,142 | $971 |
| 2 adults 2 children | $826 | $982 | $1,303 | $990 | $809 |
| 1 adult 2 children | $826 | $733 | $886 | $990 | $720 |
| 2 adults 1 child | $826 | $776 | $1,069 | $495 | $742 |
| 1 adult 1 child | $826 | $501 | $652 | $495 | $607 |
| 2 adults | $628 | $623 | $836 | $0 | $631 |
| 1 adult | $571 | $340 | $418 | $0 | $512 |
Safety trends & Data
Over the past five years in Clare County, Michigan, property crime trends have shown notable changes. Larceny-theft incidents, which peaked at 32.0 in 2018, dropped to 6.0 by 2022. Burglary also significantly decreased from 14.0 in 2018 to 2.0 in 2022, and motor vehicle theft experienced a minor peak at 7.0 in 2020 before falling to 2.0 by 2022. This declining crime rate suggests increasing safety and stability, which may be reassuring for real estate investors, agents, and insurance... Read more
Property Crime Trends in Clare County, MI Over the Last 5 Years
Over the past five years in Clare County, Michigan, property crime trends showed varying levels of activity. Larceny-theft generally led the crime types, peaking at 32.0 incidents in 2018 but declining to 6.0 by 2022. Burglary incidents fluctuated, with significant decreases from a high of 14.0 in 2018 to just 2.0 in 2022. Motor vehicle theft saw minor variations, peaking at 7.0 in 2020 before dropping to 2.0 by 2022. Notable mentions include a single arson case in 2019 and an erratic pattern of vandalism cases. For investors, real estate agents, and insurance professionals, these trends suggest a decreasing overall crime rate, highlighting improving safety and stability in the area.
Demographics
Clare County, Michigan exhibits a fairly balanced gender distribution among adults, with a slight male majority. Educational attainment is concentrated at the high school graduate level, suggesting fewer residents pursue higher education degrees. The age distribution highlights a significant elderly population, indicating potential implications for healthcare and social services. Racially, the county is predominantly White, with very small representations from other racial groups. These trends... Read more
Race Distribution in Clare County, Michigan (2022)
Educational Attainment in Clare County, Michigan (2022)
Age Distribution in Clare County, Michigan
Citizen Population in Clare County, Michigan (2022)
Political Trends & Data
Clare County, Michigan, leaned significantly Republican in the 2020 U.S. Presidential Election, with about 66% of the vote going to Republican candidates. Democrats secured just under 33%, while minor parties such as the Libertarians and Greens had minimal impact. This strong Republican preference may be indicative of regional or socioeconomic trends affecting the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Clare County, Michigan, leaned heavily Republican in the 2020 U.S. Presidential Election, with approximately two-thirds of the vote. Democrats captured just under a third, while minor parties like the Libertarians and Greens garnered negligible support. This pattern underscores Clare's strong Republican preference, possibly reflecting broader regional or socioeconomic dynamics.
66.71% of voters voted for the Republican party in the 2020 Presidential Election
31.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.00% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.15% of voters voted for the Other party in the 2020 Presidential Election
School Data
Clare County, Michigan has experienced varying student-to-teacher ratios over the past decade, with figures starting around 17-18 students per teacher and dipping to 15 before increasing to nearly 19 in 2023. This current number is above the national average of 14, hinting at larger class sizes compared to other areas. Such shifts could influence education quality, teacher workload, and resource allocation, impacting decisions for homebuyers and investors considering the... Read more
Student-to-teacher ratio in Clare County, Michigan over the last 10 years
Over the past decade, Clare County, Michigan has seen some fluctuation in its student-to-teacher ratio. Starting from a higher ratio of around 17 to 18 students per teacher between 2014 and 2017, there was a notable dip to about 15 in 2018 and 2019. However, the ratio has increased again in recent years, peaking at nearly 19 in 2023. Currently, this ratio is above the national average of 14 students per teacher, which may suggest larger class sizes relative to other areas. Changes in student-to-teacher ratios can significantly impact the quality of education, teacher workload, and resource allocation, crucial factors for potential homebuyers, investors, and those planning to move to or invest in the educational environment of the area.
