Mackinac County Real Estate and Livability Trends
Mackinac County, Michigan's real estate market may be undergoing substantial shifts, with the average taxable income per tax return rising from approximately $40,692.03 in 2013 to about $63,863.53 in 2021. Home values have increased moderately, from $121,300 in 2015 to $157,000 in 2022, suggesting a more stable market. However, surges in average state and local income taxes and a significant jump... Read more
Mackinac County Market Trends
In Mackinac County, Michigan, median home values have risen from $121,300 in 2015 to $157,000 in 2022, growing more moderately compared to the state and national rates. This slower appreciation might indicate a less volatile market with more affordable entry points. Real estate taxes also increased significantly from an average of $3,248.54 in 2012 to $5,705.56 by 2021, with notable jumps between... Read more
Median Value of Occupied Housing Units in Mackinac County, Michigan Over the Last 8 Years
In Mackinac County, Michigan, the median home values have shown a moderate upward trend over the past eight years, rising from $121,300 in 2015 to $157,000 in 2022. This growth, although steady, is relatively slower compared to Michigan's state average, which surged from $122,400 in 2015 to $201,100 in 2022. On a national scale, median home values increased more rapidly from $125,500 in 2015 to $179,400 in 2022. For investors, potential homeowners, or those considering real estate development in Mackinac County, this slower appreciation might suggest a less volatile market with more affordable entry points compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Mackinac County, MI Over the Last 8 Years
Over the past eight years in Mackinac County, Michigan, the average residential energy tax credit per tax return has shown some variability, starting at approximately $238.89 in 2013 and experiencing notable increases and fluctuations before stabilizing at $372.73 in 2020 and 2021. This pattern might suggest a growing awareness and adoption of energy-efficient home improvements, which could be an attractive point for potential investors and homebuilders interested in energy savings. Real estate agents and appraisers may also want to note these trends, as they could impact property values and appeal.
Average Real Estate Taxes Per Tax Return in Mackinac County, MI Over the Last 10 Years
Over the last decade, Mackinac County, Michigan has seen a noteworthy increase in average real estate taxes per tax return, starting from around $3,248.54 in 2012 and rising to approximately $5,705.56 by 2021. The most significant jumps are evident between 2017 and 2019, suggesting potential implications for property value assessments and overall economic shifts in the region. This uptick could impact decisions for prospective investors, homeowners, and real estate professionals considering the financial dynamics of the county.
Percentage of Farm Returns in Mackinac County, MI Over the Last 10 Years
Mackinac County, Michigan has shown relatively stable farm return percentages over the last decade, ranging from approximately 1.16% to 1.34%. Farm tax returns generally pertain to the income reported by those involved in agricultural activities, which can reflect the economic health and productivity of the farming sector within the area. Investors, potential residents, and property developers might find this consistency appealing as it suggests a stable agricultural presence, possibly indicating reliable land utility and sustained farm revenues that could anchor local economies.
Number of Mortgages by Occupancy Type in Mackinac County, MI Over the Last 5 Years in Mackinac County
Over the last five years in Mackinac County, Michigan, the number of mortgages for principal residences has generally outpaced those for second residences and investment properties. Principal residence mortgages peaked in 2021, suggesting a trend towards more permanent occupancy. Meanwhile, second residences also saw notable growth, especially in 2020 and 2021, which may hint at the county's appeal as a holiday destination or for remote work arrangements. Investment property mortgages stayed relatively low and stable, indicating perhaps a less aggressive investment landscape compared to other property types. Changes in occupancy types can influence local real estate values, insurance costs, and development priorities. For investors, understanding these shifts might point to evolving market demands and better lurking opportunities. For insurance agents, distinguishing between these residence types is crucial for policy pricing and risk assessment. Real estate agents and appraisers benefit from these insights by tailoring their services to current trends and advising clients more accurately. For potential movers, knowing these patterns can assure them of the county’s stability or growth, reflecting potentially rising property value.
Economic Outlook
Mackinac County, Michigan's real estate market could be experiencing significant changes, with average taxable income per tax return jumping from roughly $40,692.03 in 2013 to about $63,863.53 in 2021. Alongside this, average state and local income taxes surged from $4,680.95 in 2012 to $11,035.29 by 2021. A major tax increase between 2018 and 2019 signals potential shifts in economic prosperity or income brackets. Additionally, total tax liability has risen markedly, from $5,958.31 in 2012 to... Read more
Average Taxable Income per Tax Return in Mackinac County, MI over the last 9 years
Over the past nine years, Mackinac County, Michigan has seen a notable increase in average taxable income per tax return, jumping from approximately $40,692.03 in 2013 to around $63,863.53 in 2021. While there were slight fluctuations, especially a small dip in 2017, the overall trend showcases considerable growth, highlighting a potentially improving economic landscape. This could be appealing for real estate investors, developers, and current residents interested in the financial progression of the county.
Average State and Local Income Taxes Per Tax Return in Mackinac County, MI Over the Last 10 Years
Mackinac County, Michigan has seen a significant increase in average state and local income taxes per tax return over the past decade. Beginning at approximately $4,680.95 in 2012, taxes have surged to $11,035.29 in 2021. Notably, there was a substantial rise between 2018 and 2019, where taxes jumped from $6,290.48 to $8,000. This upward trend might indicate a growing economic burden on residents or possibly higher income brackets being reached. Investors, property developers, and prospective residents should be mindful of these tax trends as they could influence the overall cost of living and investment returns in the area.
Average Total Tax Liability Per Tax Return in Mackinac County, MI Over the Last 10 Years
Over the past decade, Mackinac County, Michigan, has seen a notable increase in average total tax liability per tax return, rising from $5,958.31 in 2012 to $9,511.70 in 2021. The most significant uptick occurred between 2019 and 2021, suggesting a sharp rise in incomes or property values. This upward trend might influence investment decisions, real estate appraisals, and insurance rates, making it a key consideration for potential movers, property developers, and local agents.
Cost of Living in Mackinac County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,032 | $1,412 | $1,751 | $1,109 | $1,059 |
| 1 adult 4 children | $1,032 | $1,153 | $1,338 | $1,109 | $1,142 |
| 2 adults 3 children | $1,032 | $1,153 | $1,519 | $1,109 | $867 |
| 1 adult 3 children | $1,032 | $941 | $1,106 | $1,109 | $922 |
| 2 adults 2 children | $826 | $944 | $1,288 | $961 | $795 |
| 1 adult 2 children | $826 | $705 | $875 | $961 | $707 |
| 2 adults 1 child | $826 | $746 | $1,057 | $481 | $733 |
| 1 adult 1 child | $826 | $482 | $644 | $481 | $602 |
| 2 adults | $731 | $599 | $826 | $0 | $657 |
| 1 adult | $571 | $327 | $413 | $0 | $512 |
Safety trends & Data
Property crime trends in Mackinac County, Michigan reveal interesting fluctuations over the past five years. Vandalism incidents notably peaked at 14.0 in 2022, having dipped to just 1.0 in 2021. Burglary arrests also varied, with a high of 6.0 in 2019 but mostly decreasing to 1.0 by 2021. Larceny-theft cases remained relatively stable, varying only slightly between 3.0 to 6.0 annually. However, there was a marked rise in motor vehicle theft in 2022, increasing to 3.0 cases which might be... Read more
Property Crime Trends in Mackinac County, MI Over the Last 5 Years
Property crime in Mackinac County, Michigan has shown noteworthy variations over the last five years. Vandalism incidents have fluctuated significantly, peaking at 13.0 in 2018 and 14.0 in 2022, while dipping to a low of 1.0 in 2021. Burglary arrests saw a spike in 2019 at 6.0 but generally trended downward, reaching just 1.0 in 2021. Larceny-theft occurrences remained relatively steady, with minor fluctuations from 3.0 to 6.0 cases per year. There is a distinct rise in motor vehicle theft in 2022, marking an increase to 3.0 cases from a lower average in previous years. Potential investors or new residents should consider these crime trends when evaluating Mackinac County as a potential location for investment or relocation.
Demographics
Mackinac County, Michigan shows a near balance in male and female adult populations. Educational attainment reveals a majority holding at least a high school diploma, with a significant portion having pursued some college education. The age distribution leans towards an older population, with a notable segment being between 55 and 74 years. Racially, the county is predominantly White, though it has visible American Indian and Alaska Native communities. These trends might influence community... Read more
Race Distribution in Mackinac County, Michigan (2022)
Educational Attainment in Mackinac County, Michigan (2022)
Age Distribution in Mackinac County, Michigan
Citizen Population in Mackinac County, Michigan (2022)
Political Trends & Data
Mackinac County, Michigan, exhibits a prominent Republican leaning, with approximately 61% of votes in the 2020 Presidential Election going to Republican candidates, while Democrats secured around 38%. Voters here showed minimal support for third-party candidates, with Libertarians capturing nearly 0.8% and other parties not exceeding... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Mackinac County, Michigan, Republican candidates tended to secure a significant majority of votes, with figures around 61%, while Democratic candidates garnered closer to 38%. Third-party votes were minimal, with Libertarians receiving almost 0.8%, and Green and Other parties barely registering with less than 0.2%. This suggests a strong Republican inclination among voters in this area during the 2020 U.S. Presidential Election.
61.35% of voters voted for the Republican party in the 2020 Presidential Election
37.52% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.14% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mackinac County, Michigan, has consistently had a student-to-teacher ratio below the national average of 14 students per teacher, hovering between ten to eleven and recently dropping to around nine. This trend might suggest a strong emphasis on education, making it appealing for prospective investors, real estate agents, and families. Smaller class sizes often lead to higher quality education, potentially boosting property values and influencing insurance... Read more
Student-to-teacher ratio in Mackinac County, Michigan over the last 10 years
Over the past decade, Mackinac County, Michigan has had a student-to-teacher ratio consistently below the national average of 14 students per teacher. The ratio has oscillated between approximately ten and eleven until more recent years, where it dropped to around nine students per teacher. This is significant for prospective investors, real estate agents, and families considering relocation as smaller class sizes often indicate more personalized attention for students, potentially enhancing the quality of education. Additionally, for appraisers and insurance agents, these ratios might reflect a strong emphasis on education within the community, likely influencing property values and insurance ratings.
