Dickinson County Real Estate and Livability Trends
In Dickinson County, Michigan, the average taxable income has climbed from roughly $48,812.56 in 2013 to around $64,139.97 in 2021, signaling potential economic growth that might be attractive to investors and developers. Median home values have increased from $86,300 in 2015 to $122,600 in 2022, offering appealing opportunities for budget-conscious buyers, while the spike in average residential... Read more
Dickinson County Market Trends
Dickinson County, Michigan has seen its median home values rise from $86,300 in 2015 to $122,600 in 2022, reflecting both affordability and value appreciation. This places it below the state and national growth rates but suggests appealing opportunities for budget-conscious buyers. The average residential energy tax credit spiked to $538.89 in 2021, hinting at increased energy-efficient home... Read more
Median Value of Occupied Housing Units in Dickinson County, Michigan Over the Last 8 Years
Dickinson County, Michigan, has seen a steady increase in median home values over the last eight years, rising from $86,300 in 2015 to $122,600 in 2022. This local growth mirrors broader trends but at a slower pace compared to the state and national levels. For context, Michigan's median home values went from $122,400 to $201,100, and the national median surged from $125,500 to $179,400 over the same period. This indicates that Dickinson County might offer more affordable housing options while still appreciating in value, potentially making it an attractive spot for investors and new residents looking for budget-friendly opportunities in a rising market.
Residential Energy Tax Credit Per Tax Return in Dickinson County, MI Over the Last 8 Years
In Dickinson County, Michigan, the average residential energy tax credit per tax return has shown notable fluctuation over the past eight years, peaking at $538.89 in 2021. After a consistent rise from 2014 to 2017, hitting $313.64, there was a slight dip but the value rebounded strongly in 2020 and more so in 2021. This could point to a growing investment in energy-efficient home improvements or solar installations, which might appeal to eco-conscious buyers, forward-thinking investors, and those seeking to capitalize on tax incentives.
Average Real Estate Taxes Per Tax Return in Dickinson County, MI Over the Last 10 Years
Over the past decade, Dickinson County, Michigan has seen a notable growth in average real estate taxes per tax return, moving from around $3,214.29 in 2012 to approximately $5,006.45 by 2021. While there were minor fluctuations, the overall trend indicates a steady rise, which peaked sharply at $5,108.82 in 2020 before a slight dip in 2021. This trend could affect potential investors, homeowners, and real estate professionals by signaling increased property values or reflecting regional economic changes. For those in the real estate sector, this data may suggest a growth trajectory, though potential buyers or builders should be mindful of the rising tax burden.
Percentage of Farm Returns in Dickinson County, MI Over the Last 10 Years
Farm tax returns in Dickinson County, Michigan have demonstrated a subtle oscillation over the last decade, ranging from 1.07% in 2012 to 1.03% in 2021, with a slight dip to 0.93% in 2019. These numbers, which are an indicator of the active agricultural sector filing returns, can suggest a relatively stable yet slightly declining engagement in farm-related activities. For those considering investments or property development in the area, this trend may reflect moderate agricultural use without significant expansion, potentially opening opportunities for diverse land utilization strategies. Understanding these percentages is crucial, as they highlight the existing economic involvement of farming, impacting both local economy and prospective growth.
Number of Mortgages by Occupancy Type in Dickinson County, MI Over the Last 5 Years in Dickinson County
Dickinson County, Michigan has seen significant fluctuations in mortgage counts for different occupancy types over the past five years. Principal residences have consistently dominated the mortgage market, peaking at 643 in 2020 before a slight decline to 465 in 2022. Investment properties and second residences, while fewer in number, show a gradual increase in interest, especially noteworthy in their jumps between 2018 and 2021. Shifts in occupancy types could imply changes in market stability and demand, impacting decisions for investors, appraisers, insurance agents, and real estate agents alike. Understanding these trends helps in forecasting property values, insurance risks, and potential returns on investment.
Economic Outlook
In Dickinson County, Michigan, the average taxable income per tax return has steadily increased from roughly $48,812.56 in 2013 to around $64,139.97 in 2021, suggesting a trend of economic growth that might attract investors and property developers. However, fluctuations in average state and local income taxes, peaking at $9,967.86 in 2021, imply a higher tax burden possibly due to increased incomes or policy shifts. The average total tax liability per tax return has also seen variations,... Read more
Average Taxable Income per Tax Return in Dickinson County, MI over the last 9 years
In Dickinson County, Michigan, there has been a steady increase in the average taxable income per tax return over the last nine years. Starting at approximately $48,812.56 in 2013, it saw incremental growth, reaching about $64,139.97 in 2021. This upward trend could be a sign of economic stability or growth in the county, which might attract potential investors and property developers. However, individuals considering moving to the area or professionals like appraisers and insurance agents should remain aware of these income trends as they could impact housing markets, property values, and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Dickinson County, MI Over the Last 10 Years
Dickinson County, Michigan has seen notable fluctuations in average state and local income taxes per tax return over the last decade, peaking dramatically at $9,967.86 in 2021. Particularly significant are the steep rises post-2017, indicating a possible increase in taxpayer incomes or changes in tax policies. This could impact investment decisions, making it an appealing area for those with a higher income bracket or shaping future property development considerations. The volatility suggests monitoring local economic shifts closely to make informed decisions.
Average Total Tax Liability Per Tax Return in Dickinson County, MI Over the Last 10 Years
Over the last 10 years, the average total tax liability per tax return in Dickinson County, Michigan has shown some fluctuations. From a low of approximately $7,446.17 in 2017 to a high of around $9,175.77 in 2021, this metric often hovered in the mid-$7,000s to low $8,000s range for much of the decade. Notable increases in recent years could point to varied economic conditions or changes in local tax policy, offering both caution and opportunity for those considering investments or relocations here.
Cost of Living in Dickinson County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,006 | $1,428 | $2,100 | $1,240 | $1,151 |
| 1 adult 4 children | $1,006 | $1,166 | $1,608 | $1,240 | $1,219 |
| 2 adults 3 children | $1,006 | $1,166 | $1,822 | $1,240 | $941 |
| 1 adult 3 children | $1,006 | $952 | $1,329 | $1,240 | $983 |
| 2 adults 2 children | $826 | $955 | $1,543 | $1,075 | $850 |
| 1 adult 2 children | $826 | $713 | $1,050 | $1,075 | $757 |
| 2 adults 1 child | $826 | $755 | $1,264 | $537 | $768 |
| 1 adult 1 child | $826 | $487 | $771 | $537 | $621 |
| 2 adults | $690 | $606 | $985 | $0 | $660 |
| 1 adult | $571 | $331 | $493 | $0 | $516 |
Safety trends & Data
Over the past five years, property crimes in Dickinson County, Michigan have shown some notable patterns, with larceny-theft peaking in 2019 at 13 incidents but dropping to just one in 2020 before rebounding. Burglary and vandalism numbers have largely remained stable, while embezzlement and fraud saw occasional fluctuations. These trends suggest a certain stability in the crime landscape but underscore the importance for potential investors, property developers, and local stakeholders to stay... Read more
Property Crime Trends in Dickinson County, MI Over the Last 5 Years
Over the past five years, property crimes in Dickinson County, Michigan have exhibited some notable patterns, with larceny-theft generally being the most prevalent crime, peaking in 2019 with 13 incidents. Interestingly, the occurrences plummeted to just one in 2020 but showed some recovery in the following years. Burglary and vandalism numbers have remained relatively stable, while categories like embezzlement and fraud saw occasional fluctuations. These trends may signal certain stability in the crime landscape but underscore the importance for potential investors, property developers, and local stakeholders to stay informed and vigilant.
Demographics
The adult population in Dickinson County, Michigan, is almost evenly split between males and females. Educational attainment varies widely, with a significant portion having only a high school diploma, but a notable segment holding bachelor's and associate degrees. The age distribution shows a substantial number of residents in the 55 to 64 year range, suggesting an aging population. Racial demographics reveal a predominantly White population, with very small percentages of other racial groups.... Read more
Race Distribution in Dickinson County, Michigan (2022)
Educational Attainment in Dickinson County, Michigan (2022)
Age Distribution in Dickinson County, Michigan
Citizen Population in Dickinson County, Michigan (2022)
Political Trends & Data
Dickinson County, Michigan shows a strong conservative leaning, with about 66% of the votes in the 2020 U.S. Presidential Election going to the Republican party. The Democratic party received around 33%, while third-party candidates collectively accounted for under 2%. This political landscape might suggest a solid conservative base that could influence local policies and election results in the county and possibly at the state... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Dickinson County, Michigan, the 2020 U.S. Presidential Election data suggests a significant leaning towards the Republican party, with approximately 66% of the votes. The Democratic party followed with around 33%, while the Libertarian, Green, and other parties garnered minimal support, collectively totaling just under 2%. This distribution might imply that the county has a strong conservative base, potentially influencing local and state election outcomes and policies.
65.92% of voters voted for the Republican party in the 2020 Presidential Election
32.52% of voters voted for the Democrat party in the 2020 Presidential Election
1.28% of voters voted for the Livertarian party in the 2020 Presidential Election
0.10% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Dickinson County, Michigan, the student-to-teacher ratio has seen a generally downward trend from a high of nearly 21 in 2017 to around 16 in recent years. This shift could be a key draw for investors, potential movers, and real estate agents, as a lower ratio often signifies more individualized attention and possibly higher educational quality. While still slightly above the national average of 14, the improving ratio might enhance the region's appeal to families and... Read more
Student-to-teacher ratio in Dickinson County, Michigan over the last 10 years
Over the past decade in Dickinson County, Michigan, the student-to-teacher ratio has generally trended downward from a high of nearly 21 in 2017 to around 16 in recent years, although it briefly dipped to about 15 during 2018 and 2019. This downward trend might be a key consideration for investors, potential movers, real estate agents, and those involved in education-related fields because a lower student-to-teacher ratio is often associated with more individualized attention and potentially higher educational quality. Compared to the current national average of 14 students per teacher, Dickinson County remains slightly above but is showing signs of improvement, which could be a notable advantage for the region's attractiveness to families and educators alike.
