Hillsdale County Real Estate and Livability Trends
Hillsdale County, Michigan's rising average taxable income from $42,347.43 in 2013 to $56,725.99 in 2021 points towards economic improvement, though increasing state and local taxes, now at $7,116.67, suggest fiscal pressures or enhanced services. Housing values have surged by 60.94% from $98,700 in 2015 to $159,000 in 2022, making the area appealing for new homeowners and investors. Real estate... Read more
Hillsdale County Market Trends
Housing values in Hillsdale County, Michigan, have grown 60.94% from $98,700 in 2015 to $159,000 in 2022, trailing behind both the state and national averages. This could make Hillsdale County particularly attractive to new homeowners and investors looking for steady value growth without the high entry cost. The county saw a remarkable spike in residential energy tax credits in 2018, suggesting... Read more
Median Value of Occupied Housing Units in Hillsdale County, Michigan Over the Last 8 Years
Housing values in Hillsdale County, Michigan, have experienced consistent growth over the past eight years, culminating in a 60.94% increase from $98,700 in 2015 to $159,000 in 2022. While Hillsdale County's figures are impressive, they remain below both the state and national levels. By comparison, Michigan's median home values soared from $122,400 to $201,100, translating to an even sharper rise, while the national median grew from $125,500 to $179,400 within the same timeframe. This relative affordability paired with steady appreciation rates could make Hillsdale County a desirable location for new homeowners and investors looking for reliable value growth potential.
Residential Energy Tax Credit Per Tax Return in Hillsdale County, MI Over the Last 9 Years
Over the past nine years, Hillsdale County, Michigan, has shown substantial variability in residential energy tax credits per tax return. Noteworthy is the remarkable spike in 2018, with an average credit of $3325.00, far surpassing other years. This extreme fluctuation could suggest significant changes in residential energy policies or a one-off adoption of energy-efficient technologies during that period. For potential investors and real estate agents, this volatility might indicate a broader trend towards energy-efficient homes, making the area a point of interest for sustainable development projects.
Average Real Estate Taxes Per Tax Return in Hillsdale County, MI Over the Last 10 Years
For potential investors, homeowners, appraisers, insurance agents, and real estate professionals in Hillsdale County, Michigan, it's important to note the upward trend in average real estate taxes per tax return over the past decade. The real estate taxes have seen a steady increase from approximately $2,185.49 in 2012 to around $3,885.42 in 2021, with a notable spike between 2017 and 2018 from roughly $2,573.33 to $3,458.93. This implies a growing property tax burden which might be indicative of rising property values or increased tax rates, both of which are critical considerations for anyone involved in the local real estate market.
Percentage of Farm Returns in Hillsdale County, MI Over the Last 10 Years
Over the past decade, Hillsdale County, Michigan has seen a gradual decline in the percentage of farm tax returns filed, dropping from about 5.39% in 2012 to 4.38% in 2021. This trend may suggest a shift away from agriculture or changes in farm operations that might affect tax filings. For potential investors, homebuyers, or developers, these stats could indicate evolving economic activities in the area. Farm tax returns essentially refer to the tax filings made by individual farms, encompassing income, expenses, and other related financial data, which help to track the agricultural sector’s health and fiscal contribution to the county.
Number of Mortgages by Occupancy Type in Hillsdale County, MI Over the Last 5 Years in Hillsdale County
Notable changes in the number of mortgages by occupancy type in Hillsdale County, Michigan over the last five years highlight interesting real estate dynamics. Principal residence mortgages remain dominant but have seen fluctuations, potentially indicating shifts in primary home buying trends. Investment property mortgages, although fewer, have exhibited a gradual increase, which may suggest growing interest in rental or commercial opportunities. Second residence mortgages also appear to be slightly volatile, reflecting varied interest in vacation or secondary homes. These trends are essential for investors, appraisers, real estate agents, and insurance agents to anticipate market demands, adjust property valuations, and enhance risk assessment strategies.
Economic Outlook
Hillsdale County, Michigan has experienced a steady increase in average taxable income per tax return, rising from $42,347.43 in 2013 to $56,725.99 in 2021, suggesting economic growth and potentially better living standards. Meanwhile, state and local income taxes have nearly doubled over the past decade, reaching $7,116.67 in 2021, hinting at possible fiscal pressures or enhanced public services. Additionally, the average total tax liability per tax return has shown a general upward trend,... Read more
Average Taxable Income per Tax Return in Hillsdale County, MI over the last 9 years
Hillsdale County, Michigan has seen a consistent rise in average taxable income per tax return over the past nine years, jumping from $42,347.43 in 2013 to $56,725.99 in 2021. This upward trend might indicate improving economic conditions and potentially higher standards of living. The significant increase in the last year, from $50,655.00 in 2020 to $56,725.99 in 2021, could suggest a spike in economic activity or changes in tax policies. This pattern may be of interest to real estate investors, appraisers, and insurance agents considering the financial health and growth potential within the county.
Average State and Local Income Taxes Per Tax Return in Hillsdale County, MI Over the Last 10 Years
Hillsdale County, Michigan has experienced a notable rise in average state and local income taxes over the past decade. Starting at $4,004.76 in 2012, the figure climbed progressively to $7,116.67 in 2021, with significant jumps seen particularly in 2018 and 2019. This trend could suggest increasing fiscal pressures or enhanced public services, impacting decisions on relocation, investment, and property development in the area.
Average Total Tax Liability Per Tax Return in Hillsdale County, MI Over the Last 10 Years
Hillsdale County, Michigan has seen a generally upward trend in average total tax liability per tax return over the past decade, with figures increasing from around $5,639.80 in 2012 to approximately $7,586.76 in 2021. While there were fluctuations—like a notable dip in 2018 to $6,204.91—the overall pattern indicates a rising cost of living or increased incomes which could be relevant for those looking to invest or build in the area. Such data might be essential for real estate agents or appraisers needing to anticipate future property valuations, as well as insurance agents adjusting coverage costs accordingly.
Cost of Living in Hillsdale County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,036 | $1,287 | $1,629 | $1,189 | $951 |
| 1 adult 4 children | $1,036 | $1,051 | $1,244 | $1,189 | $1,035 |
| 2 adults 3 children | $1,036 | $1,051 | $1,415 | $1,189 | $798 |
| 1 adult 3 children | $1,036 | $858 | $1,029 | $1,189 | $834 |
| 2 adults 2 children | $831 | $861 | $1,200 | $1,030 | $737 |
| 1 adult 2 children | $831 | $643 | $815 | $1,030 | $652 |
| 2 adults 1 child | $831 | $680 | $985 | $515 | $680 |
| 1 adult 1 child | $831 | $439 | $600 | $515 | $565 |
| 2 adults | $631 | $546 | $771 | $0 | $582 |
| 1 adult | $575 | $298 | $385 | $0 | $486 |
Safety trends & Data
Hillsdale County, Michigan has seen fluctuating property crime rates over the past five years. Larceny-theft leads, peaking at 61 incidents in 2018 and dropping to 33 by 2020. Burglary cases vary, ranging from 14 in some years to as many as 23. Vandalism spiked notably in 2021 with 64 incidents. These shifts could indicate changes in economic conditions or law enforcement focus, potentially influencing property values and insurance rates. For real estate agents, investors, and potential... Read more
Property Crime Trends in Hillsdale County, MI Over the Last 5 Years
Hillsdale County, Michigan has seen fluctuating trends in property crimes over the last five years. Larceny-theft consistently leads, though numbers vary by year, peaking at 61 incidents in 2018 and dropping to 33 by 2020. Burglary cases also show variability, from a low of 14 in 2018 and 2020 to spikes like 23 in 2019. Vandalism saw a notable increase in 2021 with 64 incidents, significantly higher than other years. These trends could suggest shifts in economic conditions or law enforcement focus and may impact property values and insurance rates. For real estate agents, investors, and potential residents, understanding these trends is crucial for making informed decisions.
Demographics
In Hillsdale County, Michigan, the adult population shows a near-balanced gender ratio, with females edging out males slightly. A significant portion of the population has achieved high school graduation, while college degrees are less common, suggesting opportunities for local educational initiatives. Age distribution curves toward older demographics, with the highest numbers seen in individuals aged 55 to 64. The racial makeup is predominantly White, accounting for the vast... Read more
Race Distribution in Hillsdale County, Michigan (2022)
Educational Attainment in Hillsdale County, Michigan (2022)
Age Distribution in Hillsdale County, Michigan
Citizen Population in Hillsdale County, Michigan (2022)
Political Trends & Data
Hillsdale County, Michigan, trends strongly Republican, with roughly 73% of votes going to the Republican candidate in the 2020 U.S. Presidential Election. Democratic support lags behind at about 25%, while Libertarian and Green Party supporters barely register. This conservative lean might shape local policies and influence voter behavior, reflecting broader regional... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hillsdale County, Michigan, shows a strong Republican preference, with roughly 73% of votes cast for the Republican candidate in the 2020 U.S. Presidential Election. Democratic support appears significantly lower at about 25%, while Libertarian and Green Party voters make up minimal fractions, each drawing just over 1% and under 0.5% respectively. These trends might suggest a predominantly conservative electorate but could also reflect local or regional political inclines that influence voter behavior.
73.11% of voters voted for the Republican party in the 2020 Presidential Election
25.25% of voters voted for the Democrat party in the 2020 Presidential Election
1.12% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.28% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hillsdale County, Michigan's student-to-teacher ratio has ranged from 14.41 in 2018 to 18.91 in 2022, often exceeding the national average of 14 students per teacher. These fluctuations may imply larger class sizes, which could influence property values subtly. Understanding these trends can be crucial for real estate investors, agents, and developers, as educational quality often affects housing demand and community... Read more
Student-to-teacher ratio in Hillsdale County, Michigan over the last 10 years
The student-to-teacher ratio in Hillsdale County, Michigan has experienced notable fluctuations over the past decade, varying from 14.41 in 2018 to a high of 18.91 in 2022. Compared to the national average of 14 students per teacher, Hillsdale County generally exhibits higher ratios, which may be an indicator of larger class sizes. For potential investors, real estate agents, and those considering moving to the area, these numbers could imply varying degrees of educational attention and resources. Appraisors and insurance agents might consider these trends as a subtle influencer of property values, while developers and those building property need to take into account the possible implications of educational quality on attracting or retaining residents.
