Huron County Real Estate and Livability Trends
Huron County, Michigan has seen a rise in average taxable income, jumping from $45,706.90 in 2013 to $60,863.53 in 2021, coupled with increasing state and local income taxes, which could influence financial strategy for investors. Median home values have ascended from $92,900 in 2015 to $129,500 in 2022, and real estate taxes have climbed, perhaps reflecting growing property values or tax rate... Read more
Huron County Market Trends
Median home values in Huron County, Michigan have steadily increased from $92,900 in 2015 to $129,500 in 2022, offering a more affordable option compared to state and national levels. Noteworthy spikes in the average residential energy tax credit, peaking at $2,516.67 in 2018, may indicate policy shifts or heightened attention to energy efficiency, potentially affecting property values. Real... Read more
Median Value of Occupied Housing Units in Huron County, Michigan Over the Last 8 Years
Median home values in Huron County, Michigan have shown consistent growth over the past eight years, increasing from $92,900 in 2015 to $129,500 in 2022. This upward trend, though not as steep as the state of Michigan, which rose from $122,400 to $201,100 over the same period, indicates a growing local real estate market. Compared to the national values, which climbed from $125,500 to $179,400, Huron County offers a more affordable entry point for potential homeowners and investors seeking opportunities in a less saturated market.
Residential Energy Tax Credit Per Tax Return in Huron County, MI Over the Last 9 Years
Huron County, Michigan has seen significant fluctuations in residential energy tax credits over the past nine years. The average credit per tax return spiked notably in 2018 to $2,516.67, which is more than three times higher than the next highest year, suggesting a possible policy change or a surge in energy-efficient upgrades during that period. In 2021, the credit averaged at $766.67, indicating a steady but reduced enthusiasm compared to the peak years. For investors and real estate stakeholders, these trends might reflect evolving priorities in energy efficiency and the potential for tax incentives to drive property value enhancements. Appraisers and insurance agents should consider these fluctuating credits when assessing property values and risks associated with energy renovations.
Average Real Estate Taxes Per Tax Return in Huron County, MI Over the Last 10 Years
Over the past decade in Huron County, Michigan, average real estate taxes per tax return have shown a steady upward trend, beginning at approximately $2,748.21 in 2012 and peaking at around $4,904.65 in 2019. Notably, there was a significant spike between 2017 and 2018, with taxes jumping from about $3,308.00 to $4,343.75. Despite a slight decrease post-2019, taxes remain significantly higher than in the early 2010s. This upward trajectory could indicate increasing property values or rising tax rates, potentially influencing decisions for investors, home buyers, and real estate professionals considering the county's market dynamics.
Percentage of Farm Returns in Huron County, MI Over the Last 10 Years
Over the past decade, Huron County, Michigan has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 6.49% in 2012 to roughly 5.69% in 2021. This trend underlines a shift in the agricultural sector of the area, which could be indicative of broader economic changes, such as diversification of income sources or urbanization. For potential investors, builders, or those interested in moving to Huron County, understanding this trend is crucial. It may signal evolving opportunities and challenges within the local economy, especially for endeavors related to real estate, agribusiness, and community development. Importantly, farm tax returns are financial filings that detail the income and expenditures specific to farm operations, providing insight into the agricultural health and economic activity of the region.
Number of Mortgages by Occupancy Type in Huron County, MI Over the Last 5 Years in Huron County
The mortgage data in Huron County, Michigan, shows that principal residences consistently dominate the share of mortgages over the past five years, with notable peaks in 2020 and 2021. Second residences saw fluctuations, hitting a high in 2020 before dropping in 2022. Investment properties have had relatively low and stable mortgage counts, with a slight downward trend. Shifts in occupancy types are crucial for investors and real estate agents, providing clues about local market demands and opportunities. Higher principal residence mortgages imply a steady population that could benefit local businesses and infrastructure, while fluctuations in second residences might attract those eyeing seasonal or vacation home investments. Appraisers and insurance agents might also find these trends useful to assess risk and property value stability.
Economic Outlook
Huron County, Michigan has witnessed a notable climb in average taxable income per tax return from $45,706.90 in 2013 to $60,863.53 in 2021, indicating potential economic growth and a flourishing job market. Simultaneously, average state and local income taxes have surged from $5,070.23 in 2012 to $9,265.00 by 2021, possibly affecting financial planning for potential investors. The region’s average total tax liability has also shown fluctuations, with a peak of $8,243.52 in 2015 and a... Read more
Average Taxable Income per Tax Return in Huron County, MI over the last 9 years
Huron County, Michigan has experienced a notable increase in average taxable income per tax return over the past nine years, rising from approximately $45,706.90 in 2013 to around $60,863.53 in 2021. This gradual yet consistent uptrend saw a particularly sharp spike in 2021. Such shifts likely indicate economic growth and a potentially flourishing local job market, making the area appealing for investments and real estate development. While the income figures show positive momentum, stakeholders should keep an eye on underlying economic factors to understand what drives these changes.
Average State and Local Income Taxes Per Tax Return in Huron County, MI Over the Last 10 Years
Huron County, MI has seen a notable increase in average state and local income taxes per tax return over the past decade. From $5,070.23 in 2012, the taxes jumped to a peak of around $9,265.00 by 2021. This sharp rise in taxes, especially the substantial hike in 2018, could impact financial planning for those looking to invest or build property in the region. While the reasons for this increase are multifaceted, anyone interested in the area's real estate or moving to Huron County should be aware of the potential financial implications.
Average Total Tax Liability Per Tax Return in Huron County, MI Over the Last 10 Years
Huron County, Michigan has seen notable fluctuations in average total tax liability per tax return over the past decade. After peaking around $8,243.52 in 2015, there was a dip to $6,982.44 in 2018, followed by a sharp increase to $8,857.95 in 2021. These trends might signal volatility that potential investors and property developers should closely monitor. Additionally, real estate agents and those thinking of moving to the area should consider these changes as they could reflect broader economic shifts locally.
Cost of Living in Huron County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,014 | $1,291 | $1,711 | $1,091 | $964 |
| 1 adult 4 children | $1,014 | $1,054 | $1,307 | $1,091 | $1,045 |
| 2 adults 3 children | $1,014 | $1,055 | $1,485 | $1,091 | $804 |
| 1 adult 3 children | $1,014 | $861 | $1,081 | $1,091 | $838 |
| 2 adults 2 children | $826 | $863 | $1,259 | $946 | $749 |
| 1 adult 2 children | $826 | $645 | $855 | $946 | $660 |
| 2 adults 1 child | $826 | $682 | $1,034 | $473 | $698 |
| 1 adult 1 child | $826 | $441 | $630 | $473 | $579 |
| 2 adults | $645 | $548 | $808 | $0 | $610 |
| 1 adult | $633 | $299 | $404 | $0 | $517 |
Safety trends & Data
Over the past five years in Huron County, Michigan, property crime trends have seen notable fluctuations. Larceny-theft was the most frequent offense in 2018 and 2019, but by 2020, motor vehicle theft increased with 3.0 recorded instances, up from just 1.0 the previous year. 2022 saw spikes in fraud and vandalism incidents, both hitting peak numbers of 5.0 and 6.0 incidents, respectively. Potential investors, movers, and real estate professionals should take these crime patterns into account,... Read more
Property Crime Trends in Huron County, MI Over the Last 5 Years
Over the past five years, Huron County, Michigan has experienced some fluctuations in property crimes. In 2018 and 2019, larceny-theft was the most frequent offense, with 7.0 and 6.0 recorded incidents respectively. By 2020, motor vehicle theft saw a notable increase, recording as many as 3.0 instances compared to a single case the previous year. Interestingly, fraud incidents spiked to 5.0 in 2022, making it a peak year for this particular crime. Vandalism also surged in 2022 with 6.0 incidents, the highest in the five-year span. For those looking to invest, move, or work in real estate or related sectors, these varying crime trends may warrant closer investigation, particularly when considering location safety and potential risks in Huron County.
Demographics
Huron County, Michigan's adult population reflects a balanced gender distribution with similar numbers of males and females. Educational attainment data hints at a significant portion of residents achieving high school graduation or some college education without a degree, which could influence local economic trends. The age distribution shows a substantial portion of the population is in the 55 to 74 years range, indicating a potentially aging demographic that may impact healthcare and senior... Read more
Race Distribution in Huron County, Michigan (2022)
Educational Attainment in Huron County, Michigan (2022)
Age Distribution in Huron County, Michigan
Citizen Population in Huron County, Michigan (2022)
Political Trends & Data
In Huron County, Michigan, Republicans potentially securing around 69% of the 2020 U.S. Presidential Election vote hints at a potent conservative influence that could heavily impact property values and zoning laws. The Democrats' nearly 30% share suggests a significant enough presence to introduce diverse perspectives, possibly affecting local amenities and community support programs. Libertarians and Greens, drawing in less than 1% each, might have limited sway on broader real estate trends... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Huron County, Michigan, the 2020 U.S. Presidential Election saw Republicans potentially securing a commanding majority with roughly 69% of the vote, while Democrats potentially garnered just under 30%. Smaller parties like Libertarians and Greens seemed to attract minimal voter interest, with each likely receiving under 1% of the total votes. This distribution might highlight a strong leaning towards conservative policies in the county, albeit tempered by a noteworthy Democratic presence that could influence local political dynamics.
69.05% of voters voted for the Republican party in the 2020 Presidential Election
29.78% of voters voted for the Democrat party in the 2020 Presidential Election
0.79% 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
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
Huron County, Michigan has seen a notable improvement in the student-to-teacher ratio over the last decade, moving from nearly 18 students per teacher down to about 15 by 2023, getting closer to the national average of 14. This change could suggest an increased investment in educational resources, making the area more appealing for families prioritizing quality education. For investors and real estate professionals, these educational improvements might hint at stability and a positive outlook... Read more
Student-to-teacher ratio in Huron County, Michigan over the last 10 years
Huron County, Michigan has shown a gradual improvement in the student-to-teacher ratio over the last decade, especially in the last few years, moving from nearly 18 students per teacher down to about 15 students per teacher by 2023. This shift brings it much closer to the current national average of 14 students per teacher. For potential investors, homebuyers, and real estate professionals, these trends could suggest increasing investment in educational resources, potentially making the area more attractive for families seeking quality education. Appraisers and insurance agents might also see stability and a positive outlook in property values due to improving school conditions.
