Lapeer County Real Estate and Livability Trends
Lapeer County, Michigan, displays promising market dynamics with median home values soaring to $219,300 in 2022, surpassing both state and national averages. Real estate taxes have surged, reflecting rising property values, while the notable increase in farm tax returns hints at a robust agricultural sector. Additionally, the sharp decline in principal residence mortgages, from 7,241 in 2021 to... Read more
Lapeer County Market Trends
Lapeer County's median home values have surged to $219,300 in 2022, outpacing Michigan's state median of $201,100 and the national median of $179,400, indicating stronger local market dynamics. Noteworthy fluctuations in residential energy tax credits, particularly the dramatic spike to $3,785.71 in 2018, suggest substantial investments in energy-efficient improvements. Real estate taxes have... Read more
Median Value of Occupied Housing Units in Lapeer County, Michigan Over the Last 8 Years
Lapeer County's median home values have shown a consistent upward trajectory, culminating in a significant jump to $219,300 in 2022. Compared to Michigan's state median of $201,100 and the national median of $179,400, Lapeer County's increasing home values could suggest a stronger local market. This trend might be appealing for those looking to invest in or move to the area, indicating robust property value growth that may outperform state and national averages.
Residential Energy Tax Credit Per Tax Return in Lapeer County, MI Over the Last 9 Years
Lapeer County, Michigan has shown significant fluctuations in residential energy tax credits over the past nine years. Notably, there was a dramatic spike in 2018, reaching $3785.71, far surpassing the previous years. This trend suggests intermittent but substantial investments in energy-efficient home improvements, indicating a dynamic market for green energy solutions. Such variations in tax credits may interest investors, builders, and real estate agents looking to capitalize on energy-efficient housing developments.
Average Real Estate Taxes Per Tax Return in Lapeer County, MI Over the Last 10 Years
Lapeer County, Michigan, has seen a consistent and notable increase in average real estate taxes per tax return over the past decade. Starting from around $2,443.87 in 2012, the value has surged to approximately $4,248.48 by 2021. Noteworthy jumps occurred between 2017 and 2019, underscoring potentially significant shifts in property values or tax policies. This upward trend is crucial for appraisers and real estate agents to consider, indicating rising property values which could attract investors, but it also suggests higher costs for homeowners and insurance premiums.
Percentage of Farm Returns in Lapeer County, MI Over the Last 10 Years
Over the past decade, Lapeer County, Michigan, has consistently seen slight but generally gradual increases in farm tax returns, growing from approximately 2.11% in 2012 to around 2.43% in 2021. Farm tax returns are essentially tax filings specific to agricultural businesses, and their trends can indicate the financial health and growth of the agricultural sector. This subtle upward trend could be appealing to investors and individuals considering moving to Lapeer County, as it may suggest a resilient and possibly expanding agricultural community. For those looking to develop property, it hints at a stable rural economy that might offer future opportunities.
Number of Mortgages by Occupancy Type in Lapeer County, MI Over the Last 5 Years in Lapeer County
Notably, Lapeer County, Michigan has seen fluctuations in mortgage counts across different occupancy types over the past five years. Principal residences have consistently had the highest mortgage counts, spiking to 7,241 in 2021 before declining to around 4,443 in 2022. Investment properties and second residences have shown relatively stable, albeit significantly lower, counts in comparison. These shifts in occupancy type are crucial for potential investors, real estate agents, and appraisers as they indicate evolving market demands and potential opportunities or risks. An increase in principal residence mortgages can suggest a growing population or demand for permanent homes, while stable or lower figures for investment and second homes might reflect economic confidence or demographic changes. Knowing these trends helps in making informed decisions on property investments and market evaluations.
Economic Outlook
Lapeer County, Michigan has seen average taxable incomes rise from $50,994.04 in 2013 to $69,557.84 in 2021, indicating economic health and earning potential for residents. State and local income taxes have followed an upward trajectory, starting at $4,400.96 in 2012 and climbing to $8,901.82 by 2021, hinting at possible economic shifts or policy changes. The average total tax liability per tax return also jumped to $10,149.12 in 2021, potentially reflecting rising incomes or property values.... Read more
Average Taxable Income per Tax Return in Lapeer County, MI over the last 9 years
Over the past nine years, Lapeer County, Michigan, has shown a general upward trend in average taxable income per tax return, starting at $50,994.04 in 2013 and reaching $69,557.84 in 2021. This suggests an overall increase in economic health and earning potential for residents. For potential investors, property developers, and real estate professionals, this rising income trend may indicate a strengthening local economy and potential growth in housing demand. For current residents or those considering moving to the area, this could reflect improving economic opportunities and stability.
Average State and Local Income Taxes Per Tax Return in Lapeer County, MI Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Lapeer County, Michigan have shown a significant uptick. Starting at approximately $4,400.96 in 2012, the amounts steadily increased, with a notable surge beginning in 2018, reaching around $7,172.52. By 2021, this figure soared to approximately $8,901.82. This increase could imply a larger economic shift or policy changes within the state and local framework. Potential investors, property developers, and residents should consider this trend as it may impact financial planning and overall cost of living in the area.
Average Total Tax Liability Per Tax Return in Lapeer County, MI Over the Last 10 Years
The average total tax liability per tax return in Lapeer County, Michigan has shown a general upward trend over the past decade. Notably, there were significant increases in 2015 and 2017, and a substantial jump in 2021 to $10,149.12. This could be indicative of rising incomes, changing property values, or tax code adjustments. For investors, developers, and insurance agents, understanding these fluctuations can provide insights into economic vitality and potential future risks or opportunities in the area.
Cost of Living in Lapeer County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,250 | $1,375 | $1,521 | $1,717 | $1,293 |
| 1 adult 4 children | $1,250 | $1,123 | $1,169 | $1,717 | $1,418 |
| 2 adults 3 children | $1,250 | $1,124 | $1,317 | $1,717 | $1,079 |
| 1 adult 3 children | $1,250 | $917 | $965 | $1,717 | $1,209 |
| 2 adults 2 children | $1,003 | $920 | $1,113 | $1,498 | $940 |
| 1 adult 2 children | $1,003 | $687 | $761 | $1,498 | $955 |
| 2 adults 1 child | $1,003 | $727 | $909 | $787 | $850 |
| 1 adult 1 child | $1,003 | $470 | $557 | $787 | $734 |
| 2 adults | $787 | $584 | $705 | $0 | $657 |
| 1 adult | $699 | $319 | $352 | $0 | $528 |
Safety trends & Data
Lapeer County, Michigan has seen notable shifts in property crime over the past five years, with a significant drop in larceny-theft dipping to 44.00 in 2020 before climbing back to 48.00 by 2022. Burglary arrests also declined, from 22.00 in 2018 and 2019 to 10.00 in 2022. Motor vehicle thefts remained relatively stable, fluctuating between 4.00 and 9.00 incidents yearly. Vandalism arrests have increased slightly, reaching 12.00 in 2022 compared to 5.00 in 2020. These trends may offer valuable... Read more
Property Crime Trends in Lapeer County, MI Over the Last 5 Years
Lapeer County, Michigan has witnessed fluctuations in property crime over the past five years. Notably, instances of larceny-theft, which peaked at 101.00 in 2019, saw a significant drop to 44.00 in 2020 but climbed again to 48.00 by 2022. Burglary trends also echoed a decline, falling from 22.00 arrests in 2018 and 2019 down to 10.00 by 2022. Interestingly, motor vehicle thefts maintained a relatively stable trajectory, mostly hovering around 4.00 to 9.00 incidents annually. Vandalism arrests have increased slightly, reaching 12.00 in 2022 compared to 5.00 in 2020. The insights from these patterns may offer valuable foresight for potential investors, real estate professionals, and residents assessing the safety and economic viability of the area.
Demographics
Lapeer County, Michigan shows a slightly higher male adult population compared to females. Education-wise, high school graduates form the largest group, suggesting a potential focus area for advanced educational initiatives. The age distribution reveals a significant population in the 45 to 64 years bracket, which can have implications for healthcare services and retirement planning. The racial composition remains predominantly White, with minimal representation from other racial groups,... Read more
Race Distribution in Lapeer County, Michigan (2022)
Educational Attainment in Lapeer County, Michigan (2022)
Age Distribution in Lapeer County, Michigan
Citizen Population in Lapeer County, Michigan (2022)
Political Trends & Data
Lapeer County in Michigan notably leaned Republican in the 2020 U.S. Presidential Election, with about 67% favoring the Republican candidate. Democrats possibly managed around 31%, and third-party candidates, like Libertarians and Greens, slacken at just over 1%. This pattern indicates that third-party influence was minimal, reinforcing the stronghold of the two-party system in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lapeer County in Michigan likely leaned heavily Republican during the 2020 U.S. Presidential Election, with approximately 67% of the vote going to the Republican candidate. The Democrats possibly garnered around 31%, while third-party candidates, including Libertarians and Greens, appeared to collectively capture just over 1% of the vote. This distribution might suggest that third-party influence in Lapeer County was minimal compared to the dominant two-party split.
67.39% of voters voted for the Republican party in the 2020 Presidential Election
31.09% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% 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
0.22% of voters voted for the Other party in the 2020 Presidential Election
School Data
Lapeer County, Michigan, has seen a declining student-to-teacher ratio, peaking nearly at 20 students per teacher around 2020 and recently dropping to 17.41 in 2023. For investors and real estate agents, this trend might suggest improving educational resources or changing student enrollment patterns, enhancing the area's appeal to families. These shifts could also signal broader socioeconomic changes that insurance agents and appraisers might find... Read more
Student-to-teacher ratio in Lapeer County, Michigan over the last 10 years
Over the past decade, Lapeer County, Michigan, has generally had a higher student-to-teacher ratio compared to the national average of 14 students per teacher, peaking at nearly 20 students per teacher around 2020. However, recent years have seen a notable decline, with the 2023 figure dropping to 17.41. For investors, real estate agents, and those moving to the area, this downward trend could indicate improving educational resources or shifts in student enrollment, potentially making the region more attractive for families. Insurance agents and appraisers might also find interest in these trends as they could reflect broader socioeconomic changes.
