Iosco County Real Estate and Livability Trends
Iosco County, Michigan boasts a notable rise in average taxable income per tax return, jumping 43% from $37,558.98 in 2013 to $53,688.11 in 2021. Median home values have risen from $85,400 in 2015 to $118,400 in 2022, still significantly below the Michigan average of $201,100. Meanwhile, real estate taxes surged to $4,482.14 by 2021, suggesting rising property values or demand. The... Read more
Iosco County Market Trends
Median home values in Iosco County, Michigan, have risen from $85,400 in 2015 to $118,400 in 2022, positioning it as a more affordable option compared to Michigan’s $201,100 and the United States' $179,400 averages. This affordability could attract budget-conscious investors and new residents. Meanwhile, residents have shown increased awareness of energy efficiency, with residential energy tax... Read more
Median Value of Occupied Housing Units in Iosco County, Michigan Over the Last 8 Years
The median home values in Iosco County, Michigan have steadily increased over the past eight years, rising from $85,400 in 2015 to $118,400 in 2022. Compared to the averages in Michigan and the United States, where 2022 median values were $201,100 and $179,400 respectively, Iosco County remains relatively affordable. This could make it an attractive option for those looking for more budget-friendly investments or new residents who prefer lower living costs without straying too far from state and national trends.
Residential Energy Tax Credit Per Tax Return in Iosco County, MI Over the Last 8 Years
Over the past eight years, Iosco County, Michigan residents have seen their average residential energy tax credit per tax return fluctuate, with notable increases in recent years. From $245.95 in 2013, the credit rose steadily to $287.50 in 2015 and 2016, before experiencing a slight dip in 2017 to $272.73. More recently, substantial peaks were observed in 2019 and 2021, with averages hitting $435.71 and $496.00, respectively. This trend may suggest heightened awareness and investments in energy-efficient upgrades among homeowners, which could be appealing for potential investors, appraisers, and real estate agents seeking to understand the value proposition of properties in the area. Additionally, insurance agents might consider these factors when evaluating risk and coverage needs for clients.
Average Real Estate Taxes Per Tax Return in Iosco County, MI Over the Last 10 Years
Over the last decade, Iosco County, Michigan has seen a notable rise in average real estate taxes per tax return, starting from approximately $2,517.93 in 2012 and increasing to around $4,482.14 by 2021. This upward trend, especially the sharp jump between 2017 and 2018, suggests a growing demand or increasing property values in the area. Potential investors and homeowners may want to consider these tax increases when evaluating the cost of living and investment opportunities in Iosco County. Appraisers and real estate agents could also find this data useful when pricing properties and advising clients on long-term financial commitments.
Percentage of Farm Returns in Iosco County, MI Over the Last 10 Years
Over the last decade in Iosco County, Michigan, the percentage of farm tax returns has been relatively stable but slightly declining. In 2021, the percentage of farm returns was roughly 1.50%, down from approximately 1.83% in 2012. This data could hint at minor fluctuations in agricultural activity or shifts in how land is utilized within the county. Farm tax returns are filings by individuals or businesses engaged in farming, and they offer insights into the economic health of the agricultural sector. For investors or those looking to build property, this trend might suggest a cautious but stable farming environment. For prospective residents or those interested in local economic conditions, it could point towards the broader changes and challenges that the agricultural community in Iosco County is navigating.
Number of Mortgages by Occupancy Type in Iosco County, MI Over the Last 5 Years in Iosco County
Over the last five years, Iosco County, Michigan has experienced notable fluctuations in the number of mortgages by occupancy type, with a consistent dominance in principal residence mortgages. Investment property mortgages have seen relatively low yet varied counts, indicating a potentially cautious investment market. However, second residences have spiked at times, hinting at a growing interest in vacation or seasonal homes. For investors, understanding these shifts can reveal emerging opportunities or risks in the local real estate market. Appraisers and insurance agents should consider these dynamics as they could affect property values and risk assessments. For those looking to move or build, these trends might suggest the area's evolving residential appeal or stability in primary living accommodations.
Economic Outlook
Iosco County, Michigan has seen a notable rise in average taxable income per tax return, growing approximately 43% from $37,558.98 in 2013 to $53,688.11 in 2021. This consistent increase might reflect economic growth and higher earning potential, potentially drawing attention from investors, real estate developers, and new residents. Average state and local income taxes followed a general upward trend, peaking at around $7,354.17 in 2020 before slightly decreasing to $5,926.92 in 2021. The... Read more
Average Taxable Income per Tax Return in Iosco County, MI over the last 9 years
Iosco County, Michigan has shown a consistent increase in average taxable income per tax return over the past nine years. Starting at $37,558.98 in 2013, the figure has grown steadily each year, reaching $53,688.11 in 2021. This upward trend—approximately a 43% increase—could signal economic growth and increased earning potential, making it potentially attractive for investors, real estate developers, and individuals considering relocation. For appraisers and insurance agents, the rising incomes might influence property valuations and policy pricing.
Average State and Local Income Taxes Per Tax Return in Iosco County, MI Over the Last 10 Years
In Iosco County, Michigan, average state and local income taxes per tax return have shown a general upward trend over the last decade. Starting from $3,573.72 in 2012, the taxes peaked in 2020 at approximately $7,354.17 before dipping slightly to $5,926.92 in 2021. This potential increase in tax burden, though fluctuating, could be indicative of a growing local economy and rising income levels, which might interest potential investors and residents looking for an evolving community with dynamic financial landscapes.
Average Total Tax Liability Per Tax Return in Iosco County, MI Over the Last 10 Years
Over the last decade, the average total tax liability per tax return in Iosco County, Michigan, has shown an overall upward trend. Starting at around $4,940.54 in 2012, the liability saw steady increases with occasional fluctuations, peaking at approximately $7,225.62 in 2021. This rise indicates a potential increase in income levels or property values in the area, which could be significant for those considering investments, relocations, or property developments. For insurance agents and appraisers, understanding these trends may provide insights into risk assessments and valuation changes.
Cost of Living in Iosco County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,100 | $1,363 | $1,678 | $1,121 | $1,026 |
| 1 adult 4 children | $1,100 | $1,113 | $1,282 | $1,121 | $1,114 |
| 2 adults 3 children | $1,100 | $1,114 | $1,457 | $1,121 | $848 |
| 1 adult 3 children | $1,100 | $909 | $1,060 | $1,121 | $902 |
| 2 adults 2 children | $826 | $912 | $1,236 | $972 | $757 |
| 1 adult 2 children | $826 | $681 | $839 | $972 | $667 |
| 2 adults 1 child | $826 | $721 | $1,014 | $486 | $699 |
| 1 adult 1 child | $826 | $465 | $618 | $486 | $574 |
| 2 adults | $681 | $579 | $793 | $0 | $614 |
| 1 adult | $676 | $316 | $397 | $0 | $515 |
Safety trends & Data
Iosco County, Michigan has seen fluctuating property crime trends over the last five years. Burglaries notably dropped from 33.00 cases in 2018 to single digits in subsequent years, while larceny-theft cases trended downward from 21.00 arrests in 2018 to 17.00 by 2022. Motor vehicle theft remained low and stable, with embezzlement incidents also staying low despite some variability. Vandalism arrests had occasional spikes, peaking at 9.00 in 2019. This potentially improving property crime... Read more
Property Crime Trends in Iosco County, MI Over the Last 5 Years
Over the last five years, Iosco County, Michigan has seen fluctuating trends in property crimes. Notably, burglaries showed a significant drop from 33.00 cases in 2018 to single digits in subsequent years. Larceny-theft cases, although variable, generally trended downward from 21.00 arrests in 2018 to 17.00 by 2022. Interestingly, motor vehicle theft remained relatively low and stable. Embezzlement incidents showed variability but stayed low, while vandalism arrests experienced occasional spikes, peaking at 9.00 in 2019. These dynamics suggest a possibly improving property crime scenario, which may be attractive for potential investors and residents considering Iosco County for future opportunities.
Demographics
Iosco County, Michigan shows a fairly balanced gender distribution among adults, with a slight female majority. The community leans heavily towards individuals with a high school diploma or some college experience, yet a relatively small portion pursue higher educational degrees. An aging population is apparent, as nearly one-third of the population is 55 years or older. Predominantly White, the county has very limited racial diversity, with minority groups constituting just a small fraction of... Read more
Race Distribution in Iosco County, Michigan (2022)
Educational Attainment in Iosco County, Michigan (2022)
Age Distribution in Iosco County, Michigan
Citizen Population in Iosco County, Michigan (2022)
Political Trends & Data
In Iosco County, Michigan, recent voting patterns indicate a significant Republican leaning, with Republicans securing around 63.5% of the vote in the latest U.S. Presidential election, whereas Democrats managed about 35%. Minor parties such as the Libertarians and Greens accounted for less than 2%, underscoring a dominant two-party system. This Republican preference could be crucial for understanding regional political dynamics and voter behaviors in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Iosco County, Michigan, recent voting trends hint at a predominant Republican preference with Republicans capturing roughly 63.5% of the vote, while Democrats garnered about 35%, significantly trailing behind. Smaller parties, such as the Libertarians and Greens, combined for less than 2% of the total vote, suggesting a strong two-party system presence. This lean towards Republican candidates might indicate regional political inclinations worthy of attention for future elections.
63.52% of voters voted for the Republican party in the 2020 Presidential Election
34.97% of voters voted for the Democrat party in the 2020 Presidential Election
0.99% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Iosco County, Michigan peaked at around 25 in 2015 and has gradually decreased to approximately 17 recently, though still above the national average of 14. This trend towards smaller class sizes might signal an improving education environment. For prospective investors and homebuyers, this could mean rising property values and demand. Real estate agents could use these stats to attract families prioritizing education, while appraisers and insurance agents might... Read more
Student-to-teacher ratio in Iosco County, Michigan over the last 10 years
The student-to-teacher ratio in Iosco County, Michigan has exhibited notable fluctuations over the past decade, peaking at approximately 25 in 2015 and gradually decreasing, particularly after 2017, with a range close to 17 more recently. While still higher than the national average of 14 students per teacher, the trend suggests a move towards smaller class sizes, which could impact various stakeholders. Prospective investors and people looking to move might see the decreasing ratios as an indicator of improving education environments, potentially driving up property values and demand. Appraisers and insurance agents might take an interest in these shifts as they could influence the perceived quality of life in the area. Real estate agents could leverage these figures to better market properties to families prioritizing education.
