Livingston County Real Estate and Livability Trends
Livingston County, Michigan's impressive rise in average taxable income from $68,268.79 in 2013 to $99,621.44 in 2021 suggests a vibrant local economy with potential for higher disposable income, making it an attractive locale for real estate investment. The median home value escalated by $119,300 over eight years, reaching $311,800 by 2022, which could offer investors lucrative opportunities.... Read more
Livingston County Market Trends
Livingston County, Michigan has seen a notable rise in median home values, gaining $119,300 over eight years to reach $311,800 by 2022. This growth potentially offers lucrative opportunities for investors compared to state and national trends. Meanwhile, residential energy tax credits have fluctuated dramatically, peaking at $3,400.00 in 2018, which could indicate changing energy policies or... Read more
Median Value of Occupied Housing Units in Livingston County, Michigan Over the Last 8 Years
Livingston County, Michigan has experienced a pronounced upward trajectory in median home values over the past eight years, with a staggering $119,300 increase, hitting $311,800 by 2022. This growth could be particularly attractive to investors, especially when compared to Michigan's state level increase of $78,700 to $201,100, and even more so against the national increase of $53,900 to $179,400. This data suggests that Livingston County may offer higher returns for property investments than broader state or national markets, potentially appealing to those looking to capitalize on appreciating real estate.
Residential Energy Tax Credit Per Tax Return in Livingston County, MI Over the Last 9 Years
Livingston County, Michigan has experienced significant fluctuations in residential energy tax credits per tax return over the past nine years. The most notable spike occurred in 2018, soaring to $3,400.00, a substantial leap compared to previous years. Although the value dropped to $786.39 in 2019 and $658.45 in 2020, it modestly rebounded to $768.72 in 2021. These variations suggest potential factors such as changes in energy policies, incentive programs, or fluctuations in energy-efficient home improvements that investors, homeowners, and real estate professionals might consider when evaluating the region's market dynamics.
Average Real Estate Taxes Per Tax Return in Livingston County, MI Over the Last 10 Years
Livingston County, Michigan has seen a steady increase in average real estate taxes per tax return over the past decade, starting from $3,242.09 in 2012 to $5,692.60 in 2021. This gradual rise indicates a growing appeal and possibly an increase in property values within the area. It highlights important considerations for real estate investors, potential homeowners, and appraisers, as higher taxes often correlate with improved local infrastructure and public services but also higher living costs.
Percentage of Farm Returns in Livingston County, MI Over the Last 10 Years
Over the past decade, Livingston County, Michigan, has seen a gradual decline in the percentage of farm tax returns, dropping from approximately 0.65% in 2012 to around 0.49% in 2021. These farm tax returns reflect the number of farming operations filing taxes, indicating trends in the agricultural sector. A decreasing trend might suggest a shift away from farming activities, possibly due to urbanization or changes in the local economy, which is crucial insight for prospective investors, developers, and residents interested in understanding local economic dynamics.
Number of Mortgages by Occupancy Type in Livingston County, MI Over the Last 5 Years in Livingston County
Over the past five years in Livingston County, Michigan, there’s been a noticeable fluctuation in the number of mortgages across different occupancy types. Most mortgages were for principal residences, peaking in 2020. Since then, numbers have slowly declined. The investment properties and second residences have seen smaller, more stable volumes, although both experienced a slight drop by 2022. These shifts might matter for potential investors and real estate professionals; an increase or decrease in principal residences could signal broader economic trends or shifts in community composition. Lower numbers for investments and second residences could suggest changing priorities or financial constraints impacting less-essential property purchases. This kind of data is also pivotal for appraisers and insurance agents when evaluating property values and risk profiles.
Economic Outlook
Livingston County, Michigan has experienced a significant rise in average taxable income per tax return, escalating from $68,268.79 in 2013 to $99,621.44 in 2021. This trend suggests a strengthening local economy and potentially higher disposable incomes, which could make the area more attractive for real estate investment. While this financial prosperity is evident, the average state and local income taxes have also increased notably, jumping to $10,933.86 by 2021. Additionally, the average... Read more
Average Taxable Income per Tax Return in Livingston County, MI over the last 9 years
Livingston County, Michigan, has seen a notable rise in average taxable income per tax return over the past nine years. The figures have progressively increased from $68,268.79 in 2013 to $99,621.44 in 2021. This steady growth suggests a strengthening local economy and potentially higher disposable incomes, which could make the area more attractive for real estate investment and development. Those considering moving to or working in Livingston County might find the upward trend indicative of a financially prosperous region worth further exploration.
Average State and Local Income Taxes Per Tax Return in Livingston County, MI Over the Last 10 Years
Livingston County, Michigan has seen a steady climb in average state and local income taxes per tax return over the past decade. Starting from $5,254.61 in 2012, taxes gradually increased to $10,933.86 by 2021. Notably, there was a significant jump between 2017 and 2018, where taxes surged from $6,577.25 to $8,681.97. This trend may be important to investors, prospective residents, and developers as it underscores the growing financial contributions or obligations in this locale.
Average Total Tax Liability Per Tax Return in Livingston County, MI Over the Last 10 Years
The average total tax liability per tax return in Livingston County, Michigan, has shown a significant upward trend over the last decade. From $11,289.68 in 2012 to $17,581.21 in 2021, there's a notable increase of roughly $6,291.53 reflecting economic growth and potentially rising incomes in the area. For potential investors, real estate agents, and those considering moving here, these trends suggest an area possibly experiencing rising prosperity, which could translate into real estate value appreciation and higher Living standards. However, this also might imply a rising tax burden for residents, which could be a critical consideration for financial planning.
Cost of Living in Livingston County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,708 | $1,520 | $1,701 | $2,233 | $1,859 |
| 1 adult 4 children | $1,708 | $1,241 | $1,308 | $2,233 | $2,015 |
| 2 adults 3 children | $1,708 | $1,242 | $1,473 | $2,233 | $1,626 |
| 1 adult 3 children | $1,708 | $1,014 | $1,079 | $2,233 | $1,790 |
| 2 adults 2 children | $1,261 | $1,017 | $1,244 | $1,948 | $1,280 |
| 1 adult 2 children | $1,261 | $759 | $851 | $1,948 | $1,333 |
| 2 adults 1 child | $1,261 | $803 | $1,015 | $1,023 | $1,048 |
| 1 adult 1 child | $1,261 | $519 | $622 | $1,023 | $970 |
| 2 adults | $1,069 | $645 | $787 | $0 | $795 |
| 1 adult | $843 | $352 | $393 | $0 | $597 |
Safety trends & Data
Livingston County, Michigan, has seen a notable decrease in larceny-theft, dropping from 225.0 incidents in 2019 to 87.0 in 2022. Burglary and vandalism have also declined, indicating better community security. However, fraud remains relatively steady with minor fluctuations, and motor vehicle theft spiked in 2020, highlighting potential short-term concerns. These crime trends might be key for prospective movers or investors, offering insights into the evolving safety landscape of the... Read more
Property Crime Trends in Livingston County, MI Over the Last 5 Years
Over the last five years, property crimes in Livingston County, Michigan, show some interesting trends. Larceny-theft consistently leads, though it's decreased sharply from 225.0 incidents in 2019 to 87.0 in 2022. Burglary and vandalism also show a downward trend, suggesting improved community security. However, fraud has remained somewhat steady with a slight uptick in certain years, which might warrant a closer look for potential investors and insurance agencies. Motor vehicle theft saw a significant spike in 2020, indicating possible short-term challenges in vehicle security. These details could be crucial for those considering moving to or investing in the area, as they provide a snapshot of the county's changing crime landscape.
Demographics
Livingston County, Michigan, showcases a nearly balanced gender distribution, with a slight edge toward the male population. Educational attainment reflects a tendency towards higher education, particularly with a notable percentage holding Bachelor's degrees or higher. The age distribution skews towards older age groups, indicating potential for a growing senior demographic. Racial diversity is higher than one might expect, with non-white populations contributing to the community's cultural... Read more
Race Distribution in Livingston County, Michigan (2022)
Educational Attainment in Livingston County, Michigan (2022)
Age Distribution in Livingston County, Michigan
Citizen Population in Livingston County, Michigan (2022)
Political Trends & Data
Livingston County, Michigan, leans slightly Republican based on the 2020 U.S. Presidential Election, with about 60.5% of the vote going to the Republican candidate. Democrats received close to 37.9% and Libertarians around 1.2%, while other parties collectively had minimal impact. This conservative voter base may influence market dynamics, potentially favoring policies and developments that align with Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Livingston County, Michigan, appears to lean Republican based on the 2020 U.S. Presidential Election results, with around 60.5% of the vote going to the Republican candidate. Democrats garnered roughly 37.9%, while Libertarians managed to secure close to 1.2%. Green and other parties collectively had minimal support, just around 0.4%. These results might imply a predominantly conservative voter base in this area.
60.52% of voters voted for the Republican party in the 2020 Presidential Election
37.91% of voters voted for the Democrat party in the 2020 Presidential Election
1.19% 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
0.17% of voters voted for the Other party in the 2020 Presidential Election
School Data
Livingston County, Michigan, has seen fluctuating student-to-teacher ratios over the past decade, peaking at nearly 34 students per teacher in 2021—dramatically higher than the national average of 14 students per teacher. Although recent years show a decline, the county still reports over 22 students per teacher through 2023. Higher student-to-teacher ratios might suggest strained educational resources, potentially affecting property values and appeal to families who prioritize educational... Read more
Student-to-teacher ratio in Livingston County, Michigan over the last 10 years
Livingston County, Michigan, has seen fluctuating student-to-teacher ratios over the past decade, with a peak of nearly 34 students per teacher in 2021—significantly higher than the current national average of 14 students per teacher. Recent years have seen a decline from this high, but the county still maintains ratios of over 22 students per teacher through 2023. This trend could impact several considerations for potential investors, real estate agents, and families looking to move into the area. Higher student-to-teacher ratios may suggest strained educational resources, which might affect property values and appeal to families prioritizing educational quality. Additionally, appraisers and insurance agents may need to weigh these educational metrics when assessing property risk and value. Understanding these dynamics can enable more informed decisions, whether one is developing, selling, or simply pondering a move to Livingston County.
