Lenawee County Real Estate and Livability Trends
Lenawee County, Michigan has experienced notable economic growth, with average taxable incomes jumping from $46,911.34 in 2013 to $62,878.73 in 2021, and poverty rates dropping from 15.8% to 10.9% over the same period. Meanwhile, median home values have steadily appreciated from $114,900 in 2015 to $168,100 in 2022, making the area more affordable compared to state and national averages. Property... Read more
Lenawee County Market Trends
Recent trends in Lenawee County, Michigan indicate a steady appreciation in median home values, growing from $114,900 in 2015 to $168,100 in 2022. Notably, the local market remains more affordable compared to state and national averages, which could attract potential homebuyers and investors. Real estate taxes have also climbed, from an average of $2,733.51 in 2012 to about $4,980.29 in 2021,... Read more
Median Value of Occupied Housing Units in Lenawee County, Michigan Over the Last 8 Years
Median home values in Lenawee County, Michigan have consistently increased over the past eight years, with the latest figure from 2022 reaching $168,100. This shows a robust growth from $114,900 in 2015. When compared to state and national trends, Lenawee County seems to follow a similar upward trajectory, though it has generally maintained lower values than both Michigan and the national average, which stood at $201,100 and $179,400 respectively in 2022. For potential investors or homebuyers, this could indicate a still relatively affordable market with considerable appreciation potential.
Residential Energy Tax Credit Per Tax Return in Lenawee County, MI Over the Last 9 Years
Over the past nine years, Lenawee County, Michigan has seen fluctuations in the average residential energy tax credit claimed per tax return. While values started around $281.60 in 2013, there was a notable increase by 2017, peaking at $493.88. The most dramatic spike happened in 2018, when the credit soared to $3,487.50. Despite this jump, 2019 brought a decrease to $851.52, with subsequent years stabilizing between $549.00 and $591.67. These trends suggest sporadic yet potentially substantial incentives for homeowners investing in energy-efficient improvements in the area, appealing to potential investors and real estate stakeholders.
Average Real Estate Taxes Per Tax Return in Lenawee County, MI Over the Last 10 Years
Lenawee County, Michigan, has seen a noticeable rise in average real estate taxes per tax return over the past decade, increasing from approximately $2,733.51 in 2012 to around $4,980.29 in 2021. This upward trend in real estate taxes suggests a growing valuation of properties, which could be an indicator of a strengthening local housing market. However, it also implies potential higher costs for homeowners and investors, which might impact decisions on purchasing or developing property in the area. Real estate agents, appraisers, and insurance agents may find these trends particularly relevant for advising clients and adjusting their services accordingly.
Percentage of Farm Returns in Lenawee County, MI Over the Last 10 Years
Lenawee County, Michigan has seen a gradual decline in the percentage of farm returns over the past decade, dropping from approximately 2.38% in 2012 to roughly 1.85% in 2021. Farm tax returns typically reflect the financial activity and viability of agricultural operations within the area, and the downward trend might suggest subtle shifts in the agricultural economy or a diversification of income sources. For potential investors, builders, or new residents, this pattern may hint at evolving economic landscapes or reallocation of resources which could impact local real estate, development opportunities, and community dynamics.
Number of Mortgages by Occupancy Type in Lenawee County, MI Over the Last 5 Years in Lenawee County
Lenawee County, Michigan has seen dynamic shifts in mortgage counts across different occupancy types over the last five years. The predominance of principal residence mortgages reveals a stable demand for primary homes, peaking in 2021 with 6,815 compared to 4,338 in 2018. Interestingly, investment properties witnessed a moderate increase from 149 in 2018 to 194 in 2021, possibly hinting at rising interest from investors. Conversely, second residences saw fluctuations but remained relatively low in numbers. These trends suggest possible areas of interest and risk for investors, potential home buyers, and professionals in real estate and insurance sectors, influencing market predictions and strategic decisions.
Economic Outlook
Lenawee County, Michigan has seen a steady rise in average taxable income per tax return, going from $46,911.34 in 2013 to $62,878.73 in 2021, indicating a healthy economic environment that could attract investors and homebuilders. Meanwhile, the average state and local income taxes have surged from $4,124.02 to $9,384.44, reflecting growing financial obligations which may influence investment and relocation decisions. Additionally, the average total tax liability per tax return has increased... Read more
Average Taxable Income per Tax Return in Lenawee County, MI over the last 9 years
Over the past nine years, Lenawee County, Michigan has seen a steady increase in average taxable income per tax return, rising from approximately $46,911.34 in 2013 to around $62,878.73 in 2021. This upward trend suggests a healthy economic environment that could appeal to investors and real estate agents looking to capitalize on a stable and affluent market. Homebuilders and property developers might find favorable conditions for new projects, while appraisers and insurance agents could anticipate higher valuations and premiums. For potential new residents, the rising incomes might hint at a thriving local economy with growing job opportunities.
Average State and Local Income Taxes Per Tax Return in Lenawee County, MI Over the Last 10 Years
Average state and local income taxes per tax return in Lenawee County, Michigan have seen a substantial increase over the past decade. Starting at $4,124.02 in 2012, taxes climbed modestly until 2017, when they spiked significantly from $4,762.35 to $6,577.65 in 2018, eventually reaching $9,384.44 in 2021. This sharp upward trend might indicate growing financial obligations for residents, which could affect decisions regarding investment, property building, or relocation to the area. Investors and potential residents may want to consider these tax changes when weighing the financial landscape of Lenawee County.
Average Total Tax Liability Per Tax Return in Lenawee County, MI Over the Last 10 Years
In the past decade, Lenawee County, Michigan has seen a notable upward trend in the average total tax liability per tax return, rising from $6,709.24 in 2012 to $8,906.56 in 2021. Particularly between 2017 and 2021, there was a significant increase, indicating possible economic growth or changes in local tax policies. For prospective investors, real estate agents, and movers, this could reflect positive economic conditions but also suggests a higher cost of living. Builders and appraisers may also find this trend useful for gauging market demand and property valuations.
Cost of Living in Lenawee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,191 | $1,391 | $1,821 | $1,282 | $1,155 |
| 1 adult 4 children | $1,191 | $1,136 | $1,392 | $1,282 | $1,252 |
| 2 adults 3 children | $1,191 | $1,137 | $1,580 | $1,282 | $960 |
| 1 adult 3 children | $1,191 | $928 | $1,151 | $1,282 | $1,033 |
| 2 adults 2 children | $892 | $931 | $1,339 | $1,111 | $833 |
| 1 adult 2 children | $892 | $695 | $910 | $1,111 | $758 |
| 2 adults 1 child | $892 | $735 | $1,099 | $556 | $756 |
| 1 adult 1 child | $892 | $475 | $670 | $556 | $624 |
| 2 adults | $706 | $591 | $858 | $0 | $636 |
| 1 adult | $617 | $322 | $429 | $0 | $513 |
Safety trends & Data
Lenawee County, Michigan has observed variable property crime trends over the past five years. Larceny-theft peaked at 226 incidents in 2020 but has since slightly decreased. Burglary has seen a general decline from 40 cases in 2018 to around 30-35 recently. Motor vehicle theft and embezzlement rates have stayed low and stable, while vandalism incidents rose to 37 in 2022. These crime trends can be pivotal for investors, homebuyers, and real estate professionals as they gauge the area's safety... Read more
Property Crime Trends in Lenawee County, MI Over the Last 5 Years
Lenawee County, Michigan has seen fluctuations in property crime over the past five years, with larceny-theft consistently being the most reported crime, peaking at 226 incidents in 2020 before slightly declining. Burglary rates have generally decreased from 40 cases in 2018 to around 30-35 cases in recent years. Motor vehicle theft and instances of embezzlement have remained relatively low and stable. Notably, instances of vandalism have seen a slight uptick, reaching 37 incidents in 2022. These trends can be significant for potential investors, homebuyers, and real estate professionals assessing the area's safety and stability. Appraisers and insurance agents might consider these patterns when estimating property values and determining premiums.
Demographics
In Lenawee County, Michigan, the adult population shows a fairly balanced gender distribution with males slightly outnumbering females, while educational attainment is varied, with a significant proportion having only a high school diploma or some college education but no degree. The age distribution suggests a mature population, with notable groups in the 55 to 64 and 65 to 74 age ranges. Racially, the county is predominantly White, with very small percentages of African American, Asian, and... Read more
Race Distribution in Lenawee County, Michigan (2022)
Educational Attainment in Lenawee County, Michigan (2022)
Age Distribution in Lenawee County, Michigan
Citizen Population in Lenawee County, Michigan (2022)
Political Trends & Data
Lenawee County in Michigan tends to lean Republican, with about 59% of votes cast for the GOP in the 2020 U.S. Presidential Election. Democrats received around 39%, indicating a notable, but smaller, support base. Minor parties managed just over 1.7%, showing their limited influence. These voting patterns can hint at local political dynamics, possibly affecting future policies and electoral... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Lenawee County in Michigan may indicate a Republican leaning with approximately 59% of votes cast in favor of the GOP during the 2020 U.S. Presidential Election. Meanwhile, Democrats secured nearly 39% of the vote, which, while significant, still lags behind the Republican figures. Third parties like the Libertarians and Greens, along with other minor parties, captured a combined share of just over 1.7%, suggesting limited influence. These voting patterns might reflect broader national trends or local political dynamics, potentially impacting future elections and policy focus in the county.
59.09% of voters voted for the Republican party in the 2020 Presidential Election
39.19% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Lenawee County, Michigan, the student-to-teacher ratio has varied greatly over the past decade, peaking at 135 students per teacher in 2018 and dropping to 17 in 2017, with the most recent figure at 27 students per teacher in 2023, far above the national average of 14. These trends are key for understanding educational quality and resource allocation, essential for families, real estate agents, and investors. They potentially indicate crowded classrooms and stretched educational support,... Read more
Student-to-teacher ratio in Lenawee County, Michigan over the last 10 years
In Lenawee County, Michigan, the student-to-teacher ratio has fluctuated dramatically over the last decade, peaking at an astonishing 135 students per teacher in 2018 and dropping as low as 17 students per teacher in 2017. The most recent figures show a ratio of 27 students per teacher in 2023, which is significantly higher than the national average of 14. These variations are crucial for those interested in the area's educational quality and resource allocation. Higher ratios could signal crowded classrooms and potentially strained educational support, which might be a concern for families considering a move, real estate agents promoting the area, or investors evaluating community resources. Conversely, it's essential for appraisers and insurance agents to consider these figures when assessing property values and risk, respectively, due to the potential impact on local socioeconomic conditions.
