Kalamazoo County Real Estate and Livability Trends
Kalamazoo County's average taxable income per tax return has climbed sharply, from $71,575.37 in 2020 to $84,624.50 in 2021, pointing to economic vibrancy. Median home values have also soared, reaching $209,700 in 2022 from $137,100 in 2015, outpacing state and national trends and highlighting a dynamic real estate market. Real estate taxes have more than doubled in the last decade, possibly... Read more
Kalamazoo County Market Trends
The median home values in Kalamazoo County, Michigan have surged from $137,100 in 2015 to $209,700 in 2022, outpacing both state and national trends, implying a dynamic market. Notably, there was a sharp spike in residential energy tax credits in 2018, reaching $2577.78 per tax return, suggesting a surge in energy-efficient improvements. Real estate taxes have more than doubled over the last... Read more
Median Value of Occupied Housing Units in Kalamazoo County, Michigan Over the Last 8 Years
The median home values in Kalamazoo County, Michigan have risen from $137,100 in 2015 to $209,700 in 2022, outpacing both state and national trends. Michigan's median values increased from $122,400 to $201,100 over the same period, while national figures went from $125,500 to $179,400. With Kalamazoo County consistently showing higher growth rates, it might suggest a more dynamic or appealing local market for potential investors, builders, and residents compared to broader state and national averages.
Residential Energy Tax Credit Per Tax Return in Kalamazoo County, MI Over the Last 9 Years
Kalamazoo County, Michigan, has experienced significant fluctuations in residential energy tax credits over the past nine years. Notably, 2018 saw a dramatic spike to $2577.78 per tax return, a considerable increase from the preceding years. This indicates a potential surge in energy-efficient home improvements or policy changes that year. While the average credit generally hovered around $300 to $600 from 2013 to 2020, 2021 also showed a noteworthy rise to $938.43. These trends could be appealing for those considering investments in energy-efficient properties, as historic credits may suggest potential future incentives and savings for energy-conscious improvements.
Average Real Estate Taxes Per Tax Return in Kalamazoo County, MI Over the Last 10 Years
Over the last decade in Kalamazoo County, Michigan, there’s been a noticeable upward trend in real estate taxes per tax return, rising from approximately $3,723.27 in 2012 to around $7,140.89 in 2021. This increase, particularly steep from 2017 onward, suggests growing property values or tax rate adjustments, making it essential for potential investors and property developers to factor in these escalating costs. For current residents and those looking to move to the area, this trend might influence decisions on homebuying and budgeting for living expenses. Professionals like appraisers, insurance agents, and real estate agents should be aware of these shifts to provide accurate valuations and advice.
Percentage of Farm Returns in Kalamazoo County, MI Over the Last 10 Years
Farm tax returns in Kalamazoo County, Michigan, have shown a slight but noticeable decline over the last decade, dropping from 0.55% in 2012 to 0.38% in 2020 before experiencing a modest uptick to 0.40% in 2021. Farm tax returns, the percentage of tax filings that relate to agricultural income, offer insights into the area's agricultural economy. This trend could suggest a decrease in farming activity or a shift to other forms of income, essential information for potential investors, builders, or new residents evaluating the county's economic landscape.
Number of Mortgages by Occupancy Type in Kalamazoo County, MI Over the Last 5 Years in Kalamazoo County
Occupancy type trends in Kalamazoo County, Michigan reveal a predominant skew towards principal residences, with a noticeable spike in 2021. Investment properties and second residences have seen more modest figures, peaking slightly higher in 2021 relative to earlier years. Shifts in occupancy types may influence local housing demand, property values, and the development of community amenities. For investors, rising principal residency suggests a stable, perhaps growing, community ideal for long-term investments. Real estate agents and builders might note increased demand for primary homes, while insurance agents should adjust risk assessments based on varied property use. This can also provide insights for those moving to the area looking to understand the local real estate dynamics.
Economic Outlook
Kalamazoo County has seen a significant rise in average taxable income per tax return, jumping from $71,575.37 in 2020 to $84,624.50 in 2021, which potentially points to a strong local economy. An upward trend in state and local income taxes and fluctuating total tax liabilities per tax return suggest changing economic dynamics. The county’s poverty rate, peaking at 18.6% in 2014, dropped to a ten-year low of 12.7% in 2022, indicating a healthier economic environment. These trends could... Read more
Average Taxable Income per Tax Return in Kalamazoo County, MI over the last 9 years
Kalamazoo County has seen a steady increase in average taxable income per tax return over the last nine years, with a noticeable jump from $71,575.37 in 2020 to $84,624.50 in 2021. This rising trend highlights a potentially strong local economy and could be attractive for investors and real estate developers. Higher incomes might indicate increased purchasing power, which could impact property values, insurance premiums, and the overall market dynamics. Understanding these trends is crucial for anyone involved in financial planning, real estate, or looking to move to the area for its economic opportunities.
Average State and Local Income Taxes Per Tax Return in Kalamazoo County, MI Over the Last 10 Years
Over the last decade, Kalamazoo County, Michigan, has seen a noticeable upward trend in state and local income taxes per tax return. Starting at $5,531.74 in 2012 and peaking at $13,799.52 in 2021, the increase could suggest a variety of economic factors at play, such as rising incomes or changing tax policies. The most significant jumps occurred after 2017, with notable leaps in 2018 and beyond. This trending increase might be particularly relevant for potential investors, businesses, or new residents when considering the economic climate and tax implications in the area.
Average Total Tax Liability Per Tax Return in Kalamazoo County, MI Over the Last 10 Years
Over the past decade, Kalamazoo County, Michigan, has seen notable fluctuations in the average total tax liability per tax return. Starting from $10,316.53 in 2012, the tax liability witnessed a steady increase, peaking significantly in 2021 at $15,123.94. The values generally trended upward, indicating potential economic shifts or policy changes impacting residents. Investors, appraisers, insurance agents, and potential homeowners may want to consider these trends when making long-term decisions in this area, as the tax landscape could affect overall financial planning and real estate valuations.
Cost of Living in Kalamazoo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,381 | $1,456 | $1,562 | $1,970 | $1,381 |
| 1 adult 4 children | $1,381 | $1,189 | $1,200 | $1,970 | $1,535 |
| 2 adults 3 children | $1,381 | $1,189 | $1,352 | $1,970 | $1,185 |
| 1 adult 3 children | $1,381 | $971 | $990 | $1,970 | $1,323 |
| 2 adults 2 children | $1,049 | $974 | $1,142 | $1,718 | $978 |
| 1 adult 2 children | $1,049 | $727 | $781 | $1,718 | $1,000 |
| 2 adults 1 child | $1,049 | $769 | $933 | $902 | $860 |
| 1 adult 1 child | $1,049 | $497 | $571 | $902 | $740 |
| 2 adults | $855 | $618 | $723 | $0 | $640 |
| 1 adult | $732 | $337 | $362 | $0 | $507 |
Safety trends & Data
Kalamazoo County, Michigan, has witnessed fluctuating property crime trends over the last five years, with a significant decrease in larceny-theft and burglary since their peak in 2018. Embezzlement and fraud have also dropped, possibly due to improved financial controls. This decline in major property crimes suggests increasing safety, which may bolster property values, making the county a more attractive option for investors, real estate agents, and prospective... Read more
Property Crime Trends in Kalamazoo County, MI Over the Last 5 Years
Kalamazoo County, Michigan, has seen a generally fluctuating trend in property crimes over the last five years. Larceny-theft consistently made up the bulk of incidents, peaking at 1,044 in 2018 but showing a sharp decline thereafter. Burglary followed a similar trend with a notable decrease over the period. Embezzlement and fraud have both seen substantial drops, suggesting improved financial controls and detection measures. Motor vehicle theft and arson showed some variability but remained relatively steady. For investors, real estate agents, and prospective residents, this decline in major property crimes could indicate increasing safety and potentially higher property values, making Kalamazoo County a more appealing destination.
Demographics
Kalamazoo County, Michigan, showcases a gender distribution with a nearly balanced number of males and females and significant educational attainment, with a notable proportion holding bachelor's or higher degrees. The age structure reveals a relatively young population, with significant segments in age groups spanning from under 10 years to mid-30s. Racially, the county is predominantly White, but there is measurable diversity with representation from Black or African American, Asian, and... Read more
Race Distribution in Kalamazoo County, Michigan (2022)
Educational Attainment in Kalamazoo County, Michigan (2022)
Age Distribution in Kalamazoo County, Michigan
Citizen Population in Kalamazoo County, Michigan (2022)
Political Trends & Data
Kalamazoo County, Michigan, experienced a noticeable Democratic tilt in the 2020 U.S. Presidential Election, with roughly 58.4% of votes for the Democratic candidate versus 39.6% for the Republican. This shift might indicate changing political dynamics or increased Democratic voter turnout, potentially influenced by local and broader national issues. The minimal impact of third parties like the Libertarians and Greens suggests the two-party system retains strong dominance in this... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Kalamazoo County, Michigan saw a significant lean towards the Democratic party in the 2020 U.S. Presidential Election, potentially indicating a shift in political alignment or an increase in voter turnout among Democrats. With nearly 58.4% of votes going to the Democratic candidate compared to 39.6% for the Republican counterpart, this county may reflect broader trends or localized factors influencing voter preferences. Lesser-known parties like the Libertarian and Green parties garnered minimal support, suggesting that the two-party system remains dominant in this region.
39.62% of voters voted for the Republican party in the 2020 Presidential Election
58.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.34% of voters voted for the Green party in the 2020 Presidential Election
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Kalamazoo County, Michigan shows student-to-teacher ratios higher than the national average, mostly around 17-19 students per teacher, indicating larger class sizes. This trend might suggest a demand for additional educational infrastructure, which can influence real estate investments and property values. Real estate agents could leverage this information when advising clients about the local education... Read more
Student-to-teacher ratio in Kalamazoo County, Michigan over the last 10 years
Kalamazoo County, Michigan has experienced significant fluctuations in its student-to-teacher ratio over the past decade. The ratio peaked in 2018 at an anomalous 135, likely due to data anomalies or reporting irregularities, and has since normalized to around 17-19. Despite this peak, the general trend indicates ratios mostly higher than the national average of 14 students per teacher. This higher student-to-teacher ratio can imply larger class sizes, potentially affecting the quality of education and student performance. For investors and developers, it suggests possible demand for additional educational infrastructure. Real estate agents might use this information to advise clients on the local education landscape, while appraisers and insurance agents could consider these data points while assessing property values and risks.
