Ionia County Real Estate and Livability Trends
In Ionia County, Michigan, median home values have climbed from $110,000 in 2015 to $169,600 in 2022, suggesting a relatively affordable market. Real estate taxes per return have more than doubled from $2,386.12 in 2012 to $4,136.51 by 2021, signaling increased property values or tax rate adjustments that matter for financial planning. Mortgage counts for principal residences peaked in 2021 but... Read more
Ionia County Market Trends
Ionia County, Michigan has seen a steady increase in median home values, rising from $110,000 in 2015 to $169,600 in 2022, which suggests a relatively more affordable market within the state context. Energy tax credits peaked dramatically in 2018 at $3,116.67 but stabilized around $900-$980 in subsequent years, possibly indicating sustained interest in energy-efficient home improvements. Real... Read more
Median Value of Occupied Housing Units in Ionia County, Michigan Over the Last 8 Years
Ionia County, Michigan has witnessed a steady increase in median home values over the past eight years, climbing from $110,000 in 2015 to $169,600 in 2022. This growth trend, though significant, is more modest when compared to the broader state of Michigan, where median values surged from $122,400 in 2015 to $201,100 in 2022. Nationally, the median home values have also risen, reaching $179,400 in 2022. These figures suggest that Ionia County offers a relatively affordable market within the state context, possibly indicating untapped potential for investors and homebuyers seeking more budget-friendly options.
Residential Energy Tax Credit Per Tax Return in Ionia County, MI Over the Last 9 Years
Ionia County, Michigan has seen significant fluctuations in residential energy tax credits per tax return over the past nine years, peaking dramatically in 2018 at $3,116.67. This spike could be indicative of substantial energy-efficient investments during that period. Post-2018, the numbers stabilized around the $900-$980 range, suggesting a possible sustained interest in energy-efficient home improvements. These trends may appeal to potential homebuyers and investors seeking to capitalize on energy savings and related incentives. Understanding these patterns is crucial for insurance agents and appraisers when assessing property value and risk factors, and for builders and real estate agents as they strategize development and marketing efforts.
Average Real Estate Taxes Per Tax Return in Ionia County, MI Over the Last 10 Years
Ionia County, Michigan has seen a steady increase in average real estate taxes per tax return over the past decade. Starting from $2,386.12 in 2012, the average rose to $4,136.51 by 2021. There was a particularly sharp increase between 2017 and 2018, where the average taxes jumped from $2,818.54 to $3,587.95. This trend might indicate rising property values or changes in tax rates, both of which are key considerations for potential investors, new residents, real estate agents, and appraisers in the area.
Percentage of Farm Returns in Ionia County, MI Over the Last 10 Years
In Ionia County, Michigan, the percentage of farm tax returns has shown a gradual downward trend over the past decade. Starting at approximately 3.40% in 2012, the proportion dropped to around 2.62% by 2021. Farm tax returns, which reflect the financial activity and viability of agricultural operations, suggest potential shifts in local agricultural dynamics that may be of interest to investors, potential residents, and those involved in property development. This decline could be indicative of broader economic changes or evolving land use patterns in the county.
Number of Mortgages by Occupancy Type in Ionia County, MI Over the Last 5 Years in Ionia County
Ionia County, Michigan has seen varying trends in mortgage counts over the last five years. Investment property mortgages have held relatively steady, while principal residence mortgages spiked in 2021 and then saw a notable dip in 2022. Second residence mortgages have remained minimal but stable. These shifts could imply changing dynamics in housing preferences and affordability, potentially affecting market values and demand. Investors, appraisers, and insurance agents might find these trends useful for forecasting, while real estate agents could leverage this data to inform clients about potential opportunities or risks.
Economic Outlook
In Ionia County, Michigan, average taxable income per tax return has steadily increased from $45,450.50 in 2013 to $61,303.73 by 2021. This consistent upward trend, particularly between 2017 and 2021, could signal growing economic strength and appeal to investors and real estate developers. State and local income taxes rose from $3966.60 in 2012 to $8088.89 by 2021, with a notable spike post-2017, hinting at an evolving tax landscape that might affect financial planning. Total tax liabilities... Read more
Average Taxable Income per Tax Return in Ionia County, MI over the last 9 years
Over the past nine years, Ionia County, Michigan has seen a consistent rise in average taxable income per tax return, starting at $45,450.50 in 2013 and increasing to $61,303.73 in 2021. This upward trend, with notable jumps particularly between 2017 and 2021, suggests growing economic strength which could be appealing for investors, real estate developers, and current residents evaluating property values and insurance rates. The steady income growth might also influence appraisers by signaling improved economic stability and potentially higher home equity in the area.
Average State and Local Income Taxes Per Tax Return in Ionia County, MI Over the Last 10 Years
Over the last decade, average state and local income taxes per tax return in Ionia County, Michigan saw a steady increase from $3966.60 in 2012 to $8088.89 in 2021. Notably, a sharp uptick occurred post-2017, with values jumping from $4766.30 in 2017 to $6342.86 in 2018 and continuing to rise significantly. This trend could impact decision-making for potential investors or residents, suggesting a shift in the tax landscape that may influence long-term financial planning.
Average Total Tax Liability Per Tax Return in Ionia County, MI Over the Last 10 Years
Over the past decade, Ionia County, Michigan has seen fluctuations in average total tax liability per tax return, with a notable increase in 2021 reaching $8,441.74. This general upward trend, despite a few dips, suggests that the cost of living or income levels might be on the rise in this area. Investors and real estate agents might find this relevant as it could imply a growing economic base and potentially higher property values. Builders and insurers might also see this as an indicator of the area's prosperity and subsequent demand for services and housing.
Cost of Living in Ionia County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,292 | $1,347 | $1,653 | $1,627 | $1,266 |
| 1 adult 4 children | $1,292 | $1,100 | $1,270 | $1,627 | $1,408 |
| 2 adults 3 children | $1,292 | $1,101 | $1,431 | $1,627 | $1,076 |
| 1 adult 3 children | $1,292 | $898 | $1,048 | $1,627 | $1,195 |
| 2 adults 2 children | $1,023 | $901 | $1,209 | $1,420 | $930 |
| 1 adult 2 children | $1,023 | $673 | $826 | $1,420 | $910 |
| 2 adults 1 child | $1,023 | $712 | $987 | $745 | $831 |
| 1 adult 1 child | $1,023 | $460 | $604 | $745 | $711 |
| 2 adults | $777 | $572 | $765 | $0 | $638 |
| 1 adult | $772 | $312 | $382 | $0 | $551 |
Safety trends & Data
Ionia County, Michigan's property crime data reveals fluctuating trends over the past five years, with a concerning rise in vandalism despite a general decline in larceny-theft and burglary incidents. Motor vehicle theft and fraud cases are relatively stable, whereas embezzlement and arson show minor year-to-year changes. These trends are crucial for investors and real estate agents looking to gauge neighborhood safety and potential risks. Elevated vandalism rates might affect insurance... Read more
Property Crime Trends in Ionia County, MI Over the Last 5 Years
Ionia County, Michigan's property crime data from the past five years show fluctuating trends with notable increases in vandalism despite a general decline in larceny-theft and burglary incidents. Motor vehicle theft and fraud cases remain relatively stable, while embezzlement and arson exhibit minor year-to-year changes. Investors and real estate agents may find these trends insightful for gauging neighborhood safety and potential risks. High vandalism rates could influence insurance premiums and property valuations, impacting decisions for both buyers and developers.
Demographics
Ionia County, Michigan shows a slightly higher male adult population compared to females. Educationally, the most common attainment is a high school diploma or equivalent, with a noticeable portion of residents also having some college experience but no degree. The age distribution suggests a fairly balanced population spread across different age brackets, though the largest groups are those aged 25 to 44 years. The racial composition is predominantly White, with modest representation from... Read more
Race Distribution in Ionia County, Michigan (2022)
Educational Attainment in Ionia County, Michigan (2022)
Age Distribution in Ionia County, Michigan
Citizen Population in Ionia County, Michigan (2022)
Political Trends & Data
In Ionia County, Michigan, the apparent strong Republican lead, with around 64% of the vote, might hint at a conservative-leaning community. Democrats, capturing roughly 34%, and negligible support for minor parties suggest that political strategies at local and state levels could largely cater to Republican priorities. This environment could impact legislative focus, influencing sector-specific investments, including those in real estate... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Ionia County, Michigan, Republican candidates appear to have secured a significant lead, potentially capturing around 64% of the vote. Democrats may have garnered roughly 34%, while minor parties, including Libertarians and Greens, seem to have attracted marginal support, each hovering around 1-2%. This possibly suggests a strong Republican leaning in the area, which could influence local and state-level political strategies.
64.13% of voters voted for the Republican party in the 2020 Presidential Election
33.84% of voters voted for the Democrat party in the 2020 Presidential Election
1.52% 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
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ionia County, Michigan has seen fluctuating student-to-teacher ratios, peaking at nearly 22 in 2023, considerably above the national average of 14. Ratios surged past 20 in both 2017 and 2022, hinting at possible difficulties in managing classroom sizes or resources. This trend could be noteworthy for investors, real estate agents, insurance agents, and families, as higher ratios might affect perceptions of educational quality and community appeal. Property developers and appraisers should note... Read more
Student-to-teacher ratio in Ionia County, Michigan over the last 10 years
Over the past ten years, Ionia County, Michigan has exhibited fluctuating student-to-teacher ratios, peaking at nearly twenty-two in 2023, well above the national average of fourteen. In 2017 and 2022, the ratios sharply increased to over twenty, suggesting potential challenges in managing classroom sizes or resource allocation. This can be significant for prospective investors, real estate agents, insurance agents, and families considering a move, as higher ratios might impact the perceived quality of education and community attractiveness. Appraisers and property developers should be aware of these educational trends as they may influence property values and local school funding decisions.
