Gladwin County Real Estate and Livability Trends
In Gladwin County, Michigan, the median home value has made a notable leap from $98,100 in 2015 to $140,600 in 2022, making it an intriguing yet affordable option for investors compared to the state's broader $201,100 median. Average taxable incomes have risen, suggesting improved prosperity, though higher state and local taxes could affect financial planning for newcomers. The student-to-teacher... Read more
Gladwin County Market Trends
Gladwin County, Michigan, has seen notable growth in the median value of occupied housing units, spiking from $98,100 in 2015 to $140,600 in 2022. This rapid appreciation, especially between 2021 and 2022, contrasts with the broader Michigan median home value of $201,100 in 2022, making the area potentially attractive for investors due to its relatively affordable price point. Residential energy... Read more
Median Value of Occupied Housing Units in Gladwin County, Michigan Over the Last 8 Years
Over the last eight years, the median value of occupied housing units in Gladwin County, Michigan, has seen significant growth, hitting $140,600 in 2022 compared to $98,100 in 2015. This increase, particularly the sharp rise between 2021 and 2022, could make the area attractive for investment, especially when juxtaposed against the broader Michigan median home value that reached $201,100 in 2022. Although Gladwin County's median home values are lower than both state and national levels, this relatively affordable price point amidst rapid appreciation offers potential for future gains, making it a worthwhile consideration for prospective buyers or investors.
Residential Energy Tax Credit Per Tax Return in Gladwin County, MI Over the Last 9 Years
Residential energy tax credits in Gladwin County, Michigan have shown significant fluctuation over the last nine years. While 2017 saw an average credit of $376.92 per tax return, 2018 dramatically spiked to $2,700.00, indicating a brief surge in energy-efficient investments or policy changes. Post-2018, the credits stabilized with averages around $500.00-$630.00, suggesting ongoing but moderate investment in residential energy efficiency. This variability can impact appraisals, insurance risk assessments, and property investments, as higher credits could signal increased energy efficiency initiatives and potentially lower utility costs for residents. Real estate agents and potential investors should consider these trends when evaluating property opportunities in the county.
Average Real Estate Taxes Per Tax Return in Gladwin County, MI Over the Last 10 Years
Over the past decade, Gladwin County, Michigan has seen a notable increase in average real estate taxes per tax return, with figures moving from around $2,637.12 in 2012 to a peak of approximately $4,316.22 in 2019, before a slight decline to about $3,888.46 in 2021. This upward trend in property taxes may reflect rising property values, increased public service funding, or other economic factors, providing crucial insight for potential investors, current homeowners, and real estate professionals.
Percentage of Farm Returns in Gladwin County, MI Over the Last 10 Years
Over the past decade, Gladwin County, Michigan has seen a slight but steady decline in the percentage of farm tax returns. Starting at approximately 3.49% in 2012, the percentage dipped to around 2.96% by 2021. This trend may suggest a gentle shift away from agricultural activities or variations in farm profitability. This is of interest to investors and those looking to build property in the region as it could indicate broader economic changes.
Number of Mortgages by Occupancy Type in Gladwin County, MI Over the Last 5 Years in Gladwin County
In Gladwin County, Michigan, mortgage activity in the past five years shows noticeable fluctuations in different occupancy types. While the number of mortgages for principal residences has generally trended upwards, peaking in 2021, investment properties have seen more modest and stable numbers, never surpassing 45 mortgages per year. Mortgages for second residences experienced a spike in 2021 and then a dip in 2022. These shifts in occupancy type matter because they can influence market dynamics; for instance, a high volume of principal residence loans could indicate a growing population or increased demand for permanent housing, which can affect home values and local infrastructure planning. Meanwhile, the relatively stable investment property numbers could signal limited speculative interest or balanced rental market conditions. For investors, real estate agents, and appraisers, understanding these trends helps gauge market health and future opportunities.
Economic Outlook
The average taxable income per tax return in Gladwin County, Michigan has climbed from $40,768.93 in 2013 to $56,921.70 in 2021, pointing to a potentially more prosperous community and hinting at rising property values. Meanwhile, state and local income taxes have nearly doubled, reaching $7,254.17 in 2021, which could impact financial planning for newcomers and investors. Average total tax liability per tax return also saw an uptick from $5,340.99 in 2012 to $7,834.12 in 2021, reinforcing the... Read more
Average Taxable Income per Tax Return in Gladwin County, MI over the last 9 years
The average taxable income per tax return in Gladwin County, Michigan has experienced a steady upward trend over the past nine years. From $40,768.93 in 2013 to $56,921.70 in 2021, this rising income indicates a growing economic strength in the area. For investors, real estate agents, and those looking to move or build property, this could signal increasing property values and a potentially more prosperous community, albeit with the consideration that such data might also reflect broader economic conditions. Appraisors and insurance agents might find this trend useful for calibrating their valuations and risk assessments.
Average State and Local Income Taxes Per Tax Return in Gladwin County, MI Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Gladwin County, Michigan, have shown a steady increase, jumping from $3,641.40 in 2012 to $7,254.17 in 2021. This rising trend, peaking notably in 2020 at $7,516.67, suggests escalating tax obligations which could influence the financial planning of those considering moving, investing, or developing property. Despite a slight dip from 2020 to 2021, the overall upward trajectory highlights the need for potential residents and investors to factor in rising tax commitments when evaluating opportunities in the region.
Average Total Tax Liability Per Tax Return in Gladwin County, MI Over the Last 10 Years
Gladwin County, Michigan has experienced a steady increase in average total tax liability per tax return over the past decade, jumping from $5,340.99 in 2012 to approximately $7,834.12 in 2021. This trend suggests growing income levels and potentially rising property values, which could be indicative of broader economic improvements in the area. For investors, appraisers, and real estate agents, these figures might hint at a robust economic environment with possible appreciation in property values. However, for current residents or those looking to move to the area, the increasing tax liability could be a consideration in terms of overall cost of living.
Cost of Living in Gladwin County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,125 | $1,536 | $1,771 | $1,095 | $1,155 |
| 1 adult 4 children | $1,125 | $1,255 | $1,354 | $1,095 | $1,243 |
| 2 adults 3 children | $1,125 | $1,255 | $1,537 | $1,095 | $946 |
| 1 adult 3 children | $1,125 | $1,025 | $1,120 | $1,095 | $1,009 |
| 2 adults 2 children | $826 | $1,027 | $1,303 | $949 | $820 |
| 1 adult 2 children | $826 | $767 | $886 | $949 | $729 |
| 2 adults 1 child | $826 | $812 | $1,069 | $474 | $754 |
| 1 adult 1 child | $826 | $524 | $652 | $474 | $613 |
| 2 adults | $632 | $652 | $836 | $0 | $645 |
| 1 adult | $552 | $356 | $418 | $0 | $514 |
Safety trends & Data
Property crime trends in Gladwin County, Michigan, demonstrate a notable decrease in burglary incidents from 15.00 in 2018 to 9.00 in 2022, which could be a positive sign for potential homeowners. Vandalism has seen fluctuations, spiking at 39.00 in 2021 but seemingly reducing by 2022. Larceny-theft remains a constant concern, hovering around 40.00 incidents annually. Importantly, motor vehicle theft peaked at 13.00 incidents in 2020 but has since decreased, likely due to effective local law... Read more
Property Crime Trends in Gladwin County, MI Over the Last 5 Years
Property crime trends in Gladwin County, Michigan over the past five years show a noticeable decline in incidents of burglary, dropping from 15.0 in 2018 to 9.0 in 2022. However, vandalism incidents have fluctuated, peaking at 39.0 in 2021 but seemingly reducing again by 2022. Larceny-theft remains a consistent concern, with values hovering around the 40.0 mark every year. Motor vehicle theft saw a spike in 2020 with 13.0 incidents but has since decreased. Embezzlement, fraud, and stolen property activities maintain low and relatively stable numbers, potentially indicating effective local law enforcement interventions in these categories. These trends could be vital for potential investors, real estate agents, and individuals considering moving to or currently residing in the area, offering insights into the evolving safety profile of the county.
Demographics
Gladwin County, Michigan's adult population is almost evenly split between males and females, potentially fostering a balanced community dynamic. The educational attainment levels highlight a significant portion with a high school diploma or some college experience, hinting at a workforce that may be skilled yet lacking in higher educational qualifications. The age distribution suggests an aging population, with the largest segments being in the 55 to 64 years and 65 to 74 years brackets, which... Read more
Race Distribution in Gladwin County, Michigan (2022)
Educational Attainment in Gladwin County, Michigan (2022)
Age Distribution in Gladwin County, Michigan
Citizen Population in Gladwin County, Michigan (2022)
Political Trends & Data
In Gladwin County, Michigan, real estate trends might be influenced by the area's strong Republican lean, with around 68% of the votes for the GOP in the 2020 U.S. Presidential Election. With Democratic support at about 31% and third-party votes under 2%, this political climate may suggest a more homogeneous community which could impact buyer preferences and property... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Gladwin County, Michigan, the 2020 U.S. Presidential Election trends suggested a significant Republican leaning, with approximately 68% of the votes possibly going to the Republican party. Democratic support appeared to be notably lower, hovering around 31%. Votes for third parties, including the Libertarian and Green parties, along with "Other" categories, collectively seemed to barely make a dent, collectively accounting for less than 2% of the vote. This could indicate a relatively low likelihood of diverse political representation within this county.
67.75% of voters voted for the Republican party in the 2020 Presidential Election
30.98% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.13% of voters voted for the Other party in the 2020 Presidential Election
School Data
Gladwin County, Michigan's student-to-teacher ratio peaked at 38 students per teacher in 2017 but has since stabilized around 18 to 20 students per teacher—still higher than the national average of 14. These figures might impact property values and demand, offering critical insights for real estate agents and investors. It's also a key consideration for families relocating, as higher ratios can strain educational resources. Insurance agents and appraisers may need to account for this... Read more
Student-to-teacher ratio in Gladwin County, Michigan over the last 10 years
Gladwin County, Michigan has experienced a fluctuating student-to-teacher ratio over the last decade, peaking dramatically at 38 students per teacher in 2017 but generally stabilizing around 18 to 20 students per teacher in recent years. This is notably higher than the current national average of 14 students per teacher. Increased ratios can potentially strain educational resources and affect the quality of education, a critical consideration for families moving to the area. Investors and real estate agents might find these trends insightful as they could influence property values and demand. Additionally, insurance agents and appraisers might need to factor in the local educational landscape when assessing risk and property values.
