Eaton County Real Estate and Livability Trends
Eaton County, Michigan is showing promising signs of economic growth with average taxable income per tax return rising from $50,670 in 2013 to $67,924 by 2021. The real estate market has also seen significant shifts, with median home values increasing from $134,500 in 2015 to $194,500 in 2022, suggesting good potential for investors. However, climbing state and local income taxes—from... Read more
Eaton County Market Trends
Eaton County, Michigan, has experienced a steady rise in median home values, growing from $134,500 in 2015 to $194,500 in 2022, outpacing national trends. This upward trajectory indicates potential for investors and new residents seeking value growth without the highest state-level costs. Average residential energy tax credits also saw a notable increase, peaking in 2018 at $2,925.00, hinting at... Read more
Median Value of Occupied Housing Units in Eaton County, Michigan Over the Last 8 Years
Over the past 8 years, Eaton County, Michigan has seen a steady rise in median home values, growing from $134,500 in 2015 to $194,500 in 2022. This growth trend appears to outpace the national median home values, which increased from $125,500 to $179,400 during the same period. When compared to the state of Michigan, Eaton County's median values have generally kept pace, though 2022 values in the county fell slightly below the state's median of $201,100. This upward trajectory suggests Eaton County could be a solid choice for potential investors and new residents looking for growing value without the highest state-level costs.
Residential Energy Tax Credit Per Tax Return in Eaton County, MI Over the Last 9 Years
Eaton County, Michigan, has seen a fluctuating trend in the average residential energy tax credit per tax return over the past nine years. Notably, there was a significant jump in 2018, reaching $2,925.00, followed by a notable decrease but still higher averages compared to earlier years, with $943.08 reported in 2021. This could suggest increased investments in energy-efficient upgrades among residents, likely driven by enhanced incentives or rising energy costs. For potential investors, builders, and real estate agents, this trend may indicate a community increasingly valuing energy efficiency, which could lead to higher property values and market desirability. Appraisers and insurance agents might also consider the efficiency of homes as a valuable aspect of their assessments.
Average Real Estate Taxes Per Tax Return in Eaton County, MI Over the Last 10 Years
Eaton County, Michigan has seen a notable rise in average real estate taxes per tax return over the past decade. Starting at approximately $3,072.80 in 2012, the figures have gradually climbed to $4,982.24 by 2021. This trend may suggest increased property values or shifts in local tax policies, which could influence decisions for investors, appraisers, and potential residents. For real estate agents and those in the property insurance field, understanding these changes is crucial for accurate valuations and client advisories. The steady growth particularly from 2018 onwards indicates a potentially strengthening property market in the region.
Percentage of Farm Returns in Eaton County, MI Over the Last 10 Years
The percentage of farm tax returns in Eaton County, Michigan has experienced a gradual decline over the last decade. Starting at approximately 1.96% in 2012, the percentage dipped to around 1.57% by 2021. Farm tax returns are filed by landowners who derive income from agricultural activities, suggesting a possible shift in the county's agrarian economy and land use trends. This slight but consistent downward trend may indicate changing economic conditions, land use practices, or demographics, and could be a point of interest for investors, property developers, and residents considering the county's evolving agricultural landscape.
Number of Mortgages by Occupancy Type in Eaton County, MI Over the Last 5 Years in Eaton County
In recent years, Eaton County, Michigan, has seen a notable increase in the number of mortgages for principal residences, especially peaking in 2021 with 7,823 compared to 4,766 in 2018. Investment property mortgages have generally remained stable but peaked slightly in 2021 as well, while second residence mortgages stayed minimal. These shifts in occupancy types could signal changing priorities in the housing market, with more individuals likely opting to invest in their primary homes rather than secondary homes or investment properties. This trend might interest investors, real estate developers, and insurance agents, as it could reflect evolving market demands and potential future opportunities.
Economic Outlook
Eaton County, Michigan has seen an increase in average taxable income per tax return, rising from around $50,670 in 2013 to about $67,924 by 2021, suggesting potential economic growth. However, the average state and local income taxes have surged since 2018, climbing from $4,000-$4,800 to over $7,000, which could indicate changing fiscal policies affecting potential investors and residents’ tax liabilities. Total tax liability has also increased fluctuatingly, hitting approximately $9,462 in... Read more
Average Taxable Income per Tax Return in Eaton County, MI over the last 9 years
Eaton County, Michigan has observed a general upward trend in average taxable income per tax return over the past nine years. Since 2013, the average income has grown from approximately $50,669.99 to around $67,923.94 by 2021. This steady increase may suggest economic growth or rising wages within the county, potentially making it an attractive location for prospective investors, property developers, and new residents. Nonetheless, such upward trends should be analyzed alongside other economic indicators for a comprehensive investment decision.
Average State and Local Income Taxes Per Tax Return in Eaton County, MI Over the Last 10 Years
Eaton County, Michigan has seen a notable rise in average state and local income taxes per tax return over the past decade, with a significant spike starting in 2018. From a relatively stable range around $4,000 to $4,800 between 2012 and 2017, taxes surged to over $7,000 in 2018 and have remained elevated through 2021. This trend might indicate an evolving fiscal policy or economic shifts in the area, potentially impacting decisions for investors, property developers, and prospective residents who are mindful of tax liabilities.
Average Total Tax Liability Per Tax Return in Eaton County, MI Over the Last 10 Years
Eaton County, Michigan has observed fluctuating but generally increasing average total tax liabilities per tax return over the past decade. Starting at an average tax liability of approximately $7,008.60 in 2012, the figure has risen with some variability, peaking at about $9,462.19 in 2021. Noteworthy upticks and slight declines characterize this pattern, particularly between 2014 to 2017, where incremental rises suggest possibly stabilizing local economic factors and evolving policies impacting residents' tax burdens. This trend offers crucial insights for potential investors, homeowners, and real estate developers, revealing potential shifts in the economic landscape and fiscal pressures in the county.
Cost of Living in Eaton County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,350 | $1,395 | $1,638 | $1,861 | $1,351 |
| 1 adult 4 children | $1,350 | $1,140 | $1,259 | $1,861 | $1,501 |
| 2 adults 3 children | $1,350 | $1,140 | $1,418 | $1,861 | $1,156 |
| 1 adult 3 children | $1,350 | $931 | $1,039 | $1,861 | $1,287 |
| 2 adults 2 children | $1,044 | $933 | $1,198 | $1,624 | $969 |
| 1 adult 2 children | $1,044 | $697 | $819 | $1,624 | $985 |
| 2 adults 1 child | $1,044 | $738 | $978 | $853 | $861 |
| 1 adult 1 child | $1,044 | $476 | $599 | $853 | $739 |
| 2 adults | $853 | $593 | $758 | $0 | $653 |
| 1 adult | $822 | $323 | $379 | $0 | $536 |
Safety trends & Data
Eaton County, Michigan's property crime landscape has been quite dynamic over the past five years, reflecting significant trends that potential investors, real estate professionals, and residents might find pertinent. Larceny-theft saw a notable high in 2019 at 190.00 occurrences before dropping dramatically to 60.00 by 2021. Burglary incidents have generally been on a decline, dropping from a peak of 15.00 in 2019 to 7.00 by 2022, while motor vehicle thefts slightly increased, peaking at 5.00... Read more
Property Crime Trends in Eaton County, MI Over the Last 5 Years
In the past five years, Eaton County, Michigan has seen significant fluctuations in property crimes. Larceny-theft predominated with a notable high in 2019 at 190.00 occurrences, but plummeted to 60.00 by 2021 before slightly rising to 68.00 in 2022. Burglary incidents have generally declined, with a peak of 15.00 in 2019 and a decrease to 7.00 by 2022. Interestingly, motor vehicle thefts slightly increased over the years, peaking at 5.00 in 2021. Instances of vandalism varied but showed a concerning rise from 5.00 in 2018 to 11.00 in 2021, while fraud exhibited an erratic trend, reaching a high of 21.00 in 2019 but tapering down to 6.00 by 2021. These fluctuations highlight the dynamic nature of property crime in the county, offering valuable insights for potential investors, real estate professionals, and residents considering the safety and security landscape.
Demographics
Eaton County, Michigan, shows a relatively balanced gender distribution with slightly more females than males in 2022. In terms of educational attainment, a significant portion of the population holds at least a high school diploma, but fewer people pursue education beyond some college or an associate's degree. Age-wise, the population tends to be more concentrated in the 25 to 64 age range, suggesting potentially stable workforce participation. The racial demographic is predominantly White,... Read more
Race Distribution in Eaton County, Michigan (2022)
Educational Attainment in Eaton County, Michigan (2022)
Age Distribution in Eaton County, Michigan
Citizen Population in Eaton County, Michigan (2022)
Political Trends & Data
In Eaton County, Michigan, the 2020 Presidential Election results hint at a closely contested political atmosphere, with Republicans slightly ahead at approximately 49.4% of the vote and Democrats at 48.7%. Libertarians possibly accounted for around 1.4%, while Green and Other parties barely registered, each with less than 0.3%. This tightly balanced voter distribution could point to a competitive scene in upcoming... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Eaton County, Michigan, the 2020 U.S. Presidential Election results show a narrow margin between Republican and Democrat parties, with Republicans possibly holding a slight lead at approximately 49.4% to Democrats' 48.7%. Libertarian candidates might have captured around 1.4% of the vote, while Green and Other parties seemed to have only garnered minimal attention, each pulling in less than 0.3%. This close split in major party votes suggests a potentially competitive political landscape in future elections.
49.43% of voters voted for the Republican party in the 2020 Presidential Election
48.66% of voters voted for the Democrat party in the 2020 Presidential Election
1.39% of voters voted for the Livertarian party in the 2020 Presidential Election
0.26% of voters voted for the Green party in the 2020 Presidential Election
0.26% of voters voted for the Other party in the 2020 Presidential Election
School Data
Eaton County, Michigan's changing student-to-teacher ratio, peaking at 19 in 2015 and dropping to a low of 15 in 2018, currently stabilizes around 17, slightly above the national average. Such trends might be a factor in real estate decisions, as lower ratios are linked to better educational outcomes, thus attracting families and potentially driving up property values. Educators and policymakers might find these trends relevant for resource allocation and... Read more
Student-to-teacher ratio in Eaton County, Michigan over the last 10 years
Eaton County, Michigan has seen some fluctuations in its student-to-teacher ratio over the last decade, ranging from a peak of 19 in 2015 to a low of 15 in 2018. Currently, the ratio has somewhat stabilized around 17, slightly above the national average of 14 students per teacher. This trend could potentially impact investment and real estate decisions, as lower student-to-teacher ratios are often associated with better educational outcomes, making certain areas more attractive to families and potentially influencing property values and the local housing market. Educators and policymakers might also find these trends relevant for resource allocation and staffing decisions.
