Genesee County Real Estate and Livability Trends
Genesee County, Michigan, has seen housing prices almost double from $88,500 in 2015 to $158,400 in 2022, reflecting increased market appeal. Economic uptrends are evident, with average taxable income per return rising from $45,398.15 in 2013 to $61,383.63 in 2021, though higher state and local taxes at $10,197.38 in 2021 could affect investments. Notably, poverty rates dropped from 20.4% in 2015... Read more
Genesee County Market Trends
Genesee County, Michigan has seen housing prices nearly double in eight years, from $88,500 in 2015 to $158,400 in 2022, highlighting its rising attractiveness compared to Michigan’s state-level and national increases. The county experienced a significant spike in residential energy tax credits in 2018, up to $1,790.20, suggesting unique incentives that year. Real estate taxes have also surged,... Read more
Median Value of Occupied Housing Units in Genesee County, Michigan Over the Last 8 Years
Genesee County, Michigan has seen impressive jumps in housing prices from $88,500 in 2015 to $158,400 in 2022. This almost doubling of median home values in just eight years provides a stark contrast to both Michigan's state-level increase from $122,400 to $201,100 and the national lift from $125,500 to $179,400. For potential buyers and investors, this local surge indicates Genesee County’s increasingly attractive market, suggesting solid opportunities in real estate investment compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Genesee County, MI Over the Last 9 Years
Over the past nine years in Genesee County, Michigan, the average residential energy tax credit per tax return has shown significant fluctuations. Of particular note is the dramatic spike in 2018, reaching $1,790.20, which stands out against the more typical averages in the $200-$600 range in other years. This pattern suggests that there may have been specific incentives or market conditions in 2018 that caused this surge. For those interested in property investment or assessing energy efficiency in the area, these trends could indicate potential economic incentives for adopting renewable energy or energy-efficient technologies. Real estate agents and property developers might find it lucrative to highlight these potential tax benefits when attracting buyers or investors.
Average Real Estate Taxes Per Tax Return in Genesee County, MI Over the Last 10 Years
Over the past decade, Genesee County, Michigan, has seen a noticeable increase in average real estate taxes per tax return. From $2,835.31 in 2012 to $5,227.41 in 2021, the trend indicates a significant rise, potentially reflecting increased property values or changes in tax rates. Notably, the jump from $3,466.53 in 2017 to $4,632.05 in 2018 is particularly steep, suggesting a major shift within that year. This trend might be crucial for prospective investors, property developers, and real estate agents to consider, as it could influence decisions on property investments and pricing strategies.
Percentage of Farm Returns in Genesee County, MI Over the Last 10 Years
Genesee County, Michigan has seen a slight decline in the percentage of farm tax returns over the past decade, with values hovering around 0.38% in 2012 and gradually dipping to about 0.34% by 2021. Farm tax returns, which represent a segment of the local economy reliant on agriculture, indicate how many filings were made by farming entities. This trend may suggest a subtle reduction in farm-related economic activity or a shift in the agricultural landscape of the area, potentially relevant for investors or individuals looking into property ventures in the region.
Number of Mortgages by Occupancy Type in Genesee County, MI Over the Last 5 Years in Genesee County
Over the past five years, the number of mortgages in Genesee County, Michigan shows notable trends, particularly in occupancy types. Principal residences dominate the market, peaking at over 26,000 in 2021 but have seen fluctuating numbers. Investment properties and second residences remain relatively stable but significantly lower. These shifts in the mortgage landscape can signal fluctuating living preferences and economic conditions, which are crucial for investors, real estate agents, and those considering relocations. Changing dynamics in occupancy types can impact the local market’s liquidity, property values, and insurance risks, making such data pivotal for strategic decision-making.
Economic Outlook
Genesee County, Michigan has experienced a notable economic uptrend, with average taxable income per tax return increasing from $45,398.15 in 2013 to $61,383.63 in 2021. This could signal rising economic prosperity and attract more investors, property developers, and homeowners. However, the average state and local income taxes per tax return have also climbed, reaching $10,197.38 in 2021, potentially affecting financial planning and investments. Despite these increases, poverty rates have... Read more
Average Taxable Income per Tax Return in Genesee County, MI over the last 9 years
Genesee County, Michigan has experienced a steady increase in average taxable income per tax return over the last nine years, rising from around $45,398.15 in 2013 to $61,383.63 in 2021. This upward trend may signal economic growth and increasing prosperity, potentially making the area more attractive for investors, new homeowners, property developers, and real estate professionals. The consistent growth, with a notable jump in 2021, could also impact appraisals and insurance premiums.
Average State and Local Income Taxes Per Tax Return in Genesee County, MI Over the Last 10 Years
In Genesee County, Michigan, the average state and local income taxes per tax return have gradually increased over the past decade. Starting around $4,515.79 in 2012, there was a steady rise reaching $10,197.38 in 2021. Notably, a significant spike occurred between 2017 and 2018, jumping from roughly $5,486.47 to $7,944.12, which may signal economic changes or policy shifts. For prospective investors, residents, and property developers, this increasing tax trend might be a critical factor when considering financial planning and the economic landscape of the area.
Average Total Tax Liability Per Tax Return in Genesee County, MI Over the Last 10 Years
Genesee County, Michigan has seen an upward trend in average total tax liability per tax return over the past decade, with notable fluctuations. Starting at around $6,752.68 in 2012 and peaking at approximately $9,350.08 in 2021, this pattern suggests increasing economic activity or rising incomes among residents. Such data can be particularly relevant for investors, appraisers, and real estate agents when assessing the economic health of the area, while potential homebuyers and insurance agents might see it as an indicator of the region's financial trends.
Cost of Living in Genesee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,171 | $1,399 | $1,418 | $1,642 | $1,080 |
| 1 adult 4 children | $1,171 | $1,143 | $1,089 | $1,642 | $1,198 |
| 2 adults 3 children | $1,171 | $1,143 | $1,228 | $1,642 | $905 |
| 1 adult 3 children | $1,171 | $933 | $899 | $1,642 | $1,002 |
| 2 adults 2 children | $938 | $936 | $1,038 | $1,432 | $817 |
| 1 adult 2 children | $938 | $699 | $709 | $1,432 | $770 |
| 2 adults 1 child | $938 | $740 | $848 | $752 | $721 |
| 1 adult 1 child | $938 | $478 | $519 | $752 | $613 |
| 2 adults | $745 | $594 | $658 | $0 | $557 |
| 1 adult | $646 | $324 | $329 | $0 | $463 |
Safety trends & Data
Genesee County, Michigan, has seen fluctuating property crime trends over the past five years, notably a decrease in larceny-theft from 1,259.00 instances in 2018 to 847.00 in 2022. Burglary rates have varied, peaking at 170.00 in 2018 and dropping to 114.00 in 2019 before climbing back to 140.00 in 2022. This variability in crime rates offers valuable context for real estate stakeholders assessing security and property values in the area, hinting at the complex interplay between economic... Read more
Property Crime Trends in Genesee County, MI Over the Last 5 Years
Genesee County, Michigan, has seen a fluctuating trend in property crime over the past five years, with notable decreases in larceny-theft incidents from 1,259.00 in 2018 to 847.00 in 2022. While motor vehicle thefts and vandalism have remained relatively stable, burglary rates have varied, peaking at 170.00 in 2018 and dropping as low as 114.00 in 2019 before climbing back to 140.00 in 2022. Crimes like embezzlement and fraud also show some variability, reflecting broader economic conditions and potential opportunities for addressing specific crime types. This data provides valuable context for real estate agents, appraisers, investors, and prospective residents assessing security and property values in the area.
Demographics
Genesee County, Michigan, has a modest gender imbalance with slightly more females than males. Educational attainment appears to be diverse, though most adults possess a high school diploma or some college education. The age distribution shows a considerable portion of the population in the 25 to 54-year age range, indicating a potentially active workforce. Racially, the county is predominantly White, with Black or African American individuals making up the largest minority group. This... Read more
Race Distribution in Genesee County, Michigan (2022)
Educational Attainment in Genesee County, Michigan (2022)
Age Distribution in Genesee County, Michigan
Citizen Population in Genesee County, Michigan (2022)
Political Trends & Data
Genesee County, Michigan, saw a slightly Democratic-leaning outcome in the 2020 U.S. Presidential Election, capturing just over 53.9% of the vote, while Republicans secured about 44.6%. Minor parties, including Libertarian and Green, amassed less than 2% overall. This political landscape could suggest a community with diverse viewpoints but leans towards Democratic... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Genesee County, Michigan, a slight majority of the votes in the 2020 U.S. Presidential Election leaned Democratic at just over 53.9%, with Republicans trailing at approximately 44.6%. The Libertarian, Green, and other minor parties collectively garnered less than 2% of the vote. These figures may indicate a generally Democratic-leaning electorate but with a notable Republican presence.
44.59% of voters voted for the Republican party in the 2020 Presidential Election
53.93% of voters voted for the Democrat party in the 2020 Presidential Election
1.01% of voters voted for the Livertarian party in the 2020 Presidential Election
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Genesee County, Michigan, has fluctuated over the past decade, peaking at 22 in 2017 and currently stabilizing around 19 to 20 students per teacher, significantly higher than the national average of 14. For prospective investors, this might suggest potential challenges in educational resources and individual student attention. Real estate agents may need to address these concerns for families who prioritize education, while builders might see opportunities to... Read more
Student-to-teacher ratio in Genesee County, Michigan over the last 10 years
The student-to-teacher ratio in Genesee County, Michigan, has fluctuated over the past decade, peaking at 22 in 2017 and then stabilizing around 19 to 20 students per teacher in recent years. This ratio remains noticeably higher than the national average of 14, which might signal larger class sizes. For prospective investors, this could indicate potential challenges in educational resources and individual attention for students. Real estate agents might need to address these concerns for families prioritizing education. Appraisers and insurance agents might use such data to evaluate community resources and property values, while builders could see opportunities to contribute to community infrastructure improvements.
