Macomb County Real Estate and Livability Trends
Macomb County, Michigan's median home values surged from $126,000 in 2015 to $216,200 in 2022, noticeably outpacing state and national trends. Real estate taxes have risen substantially, nearly doubling from $3,036.63 in 2012 to approximately $5,108.95 by 2021, which could signal appreciating property values or shifting local fiscal policies. Notably, the number of principal residence mortgages... Read more
Macomb County Market Trends
Macomb County, Michigan has seen median home values climb from $126,000 in 2015 to $216,200 in 2022, outpacing both Michigan and national trends. The average residential energy tax credit spiked to an unprecedented $1,698.86 in 2018, hinting at increased investment in energy-efficient upgrades. Real estate taxes have also risen steadily, from about $3,036.63 in 2012 to roughly $5,108.95 by 2021,... Read more
Median Value of Occupied Housing Units in Macomb County, Michigan Over the Last 8 Years
Macomb County, Michigan has seen a significant upward trend in median home values over the past eight years. From $126,000 in 2015 to $216,200 in 2022, the county’s growth outpaces both state and national trends. By comparison, Michigan’s median home values rose from $122,400 to $201,100, while the national average moved from $125,500 to $179,400. This makes Macomb County an attractive option for investors or buyers looking for appreciating property values within a booming local market.
Residential Energy Tax Credit Per Tax Return in Macomb County, MI Over the Last 9 Years
Macomb County, Michigan, has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. While 2017 showed a considerable increase to $395.87, 2018 saw an unprecedented spike to $1698.86, which may point to specific incentives or increased investment in energy-efficient upgrades during that year. Following this peak, the values have stabilized but remained higher than earlier years with $531.81 in 2021, suggesting a growing trend towards energy efficiency. This could be a compelling point for investors, real estate agents, and builders focusing on sustainable development, as well as appraisers and insurance agents to consider in their property evaluations and risk assessments.
Average Real Estate Taxes Per Tax Return in Macomb County, MI Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Macomb County, MI have seen a steady rise, starting from roughly $3,036.63 in 2012, and reaching approximately $5,108.95 by 2021. Notable jumps occurred between 2017 and 2018, when taxes rose from about $3,697.11 to $4,586.15. This increasing trend could signal growing property values or changing local fiscal policies, offering potential insights for investors, appraisers, and real estate agents focusing on this Michigan region.
Percentage of Farm Returns in Macomb County, MI Over the Last 10 Years
In Macomb County, Michigan, the percentage of farm tax returns over the past decade has fluctuated slightly but generally declined from 0.13% in 2012 to approximately 0.10% in 2021. Farm tax returns, which are filings for taxes related to agricultural production, provide insight into the health and scale of the farming sector. Despite the gradual decrease, those considering investments or development in Macomb County might want to explore the implications: potential shifts in land use, urbanization trends, or the changing economic value of agriculture in the area.
Number of Mortgages by Occupancy Type in Macomb County, MI Over the Last 5 Years in Macomb County
Macomb County, Michigan shows a noticeable fluctuation in mortgage counts by occupancy type over the past five years. Principal residences dominate the market, with a peak in 2021 at 73,226 mortgages, reflecting a possible post-pandemic housing boom or increasing appeal of suburban living. Meanwhile, investment properties and second residences observed smaller volumes, though investment properties peaked in 2021 at 2,442 mortgages before decreasing in 2022. These shifts could imply economic factors affecting investor confidence or the attractiveness of Macomb County for rental markets. For potential investors, this backdrop suggests a dynamic market where investment returns might be closely tied to these larger trends. Those involved in real estate, insurance, and property development in this county may find it beneficial to consider how changes in occupancy types could impact home values, insurance risks, and rental demand.
Economic Outlook
In Macomb County, Michigan, the average taxable income per tax return has steadily risen from $51,487.45 in 2013 to $68,680.69 in 2021, potentially signaling a robust local economy and rising property values. From 2012 to 2021, state and local income taxes per tax return increased by nearly 74%, suggesting economic growth or shifts in tax policy that might influence investment decisions. The total tax liability per tax return also generally rose over the decade, peaking at $10,231.72 in 2021,... Read more
Average Taxable Income per Tax Return in Macomb County, MI over the last 9 years
Over the past nine years, Macomb County, Michigan has seen a steady increase in average taxable income per tax return, growing from $51,487.45 in 2013 to $68,680.69 in 2021. This upward trend could appeal to investors and real estate agents as it may indicate a strengthening local economy and rising property values. Insurance agents and appraisers might also find this data noteworthy for the potential impact on policy premiums and property appraisals. For those considering moving to the area or currently living there, these trends suggest potential for sustained economic growth and prosperity.
Average State and Local Income Taxes Per Tax Return in Macomb County, MI Over the Last 10 Years
Macomb County, Michigan has seen a noticeable upward trend in state and local income taxes per tax return over the past decade. Starting at $4,393.60 in 2012, taxes increased steadily, reaching $7,631.79 by 2021. This almost 74% rise might seem significant to potential investors or new residents, hinting at economic growth or changes in tax policy impacting the region. The marked jump between 2017 and 2018 is particularly noteworthy for understanding fiscal shifts in the area. These increasing tax values could reflect improving local infrastructure or services, but also warrant careful consideration for those eyeing property investments or residency in Macomb County.
Average Total Tax Liability Per Tax Return in Macomb County, MI Over the Last 10 Years
Over the last decade in Macomb County, Michigan, the average total tax liability per tax return has shown a general upward trend, with some fluctuation. Starting at $7,750.41 in 2012, it reached a peak of $10,231.72 in 2021. Notable increases occurred in the mid-2010s, and despite a dip in 2018, the liability largely maintained its ascent. This trend might be significant for potential investors, homeowners, and professionals in the real estate and insurance sectors, as it could reflect changing economic conditions, property values, and regional growth patterns.
Cost of Living in Macomb County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,535 | $1,436 | $1,386 | $1,992 | $1,412 |
| 1 adult 4 children | $1,535 | $1,172 | $1,065 | $1,992 | $1,559 |
| 2 adults 3 children | $1,535 | $1,173 | $1,201 | $1,992 | $1,201 |
| 1 adult 3 children | $1,535 | $958 | $879 | $1,992 | $1,358 |
| 2 adults 2 children | $1,233 | $960 | $1,015 | $1,738 | $1,006 |
| 1 adult 2 children | $1,233 | $717 | $693 | $1,738 | $1,057 |
| 2 adults 1 child | $1,233 | $759 | $829 | $912 | $891 |
| 1 adult 1 child | $1,233 | $490 | $507 | $912 | $779 |
| 2 adults | $967 | $610 | $644 | $0 | $640 |
| 1 adult | $859 | $332 | $322 | $0 | $516 |
Safety trends & Data
In Macomb County, Michigan, property crime trends have seen some intriguing shifts. Larceny-theft incidents spiked at 1,549 in 2019, dipped to 999 in 2020, and then climbed back to 1,155 in 2022, showcasing a volatile pattern. Motor vehicle theft has clearly been on the rise, doubling from 51 incidents in 2020 to 108 in 2022. Fraud incidents fell sharply from 434 in 2019 to 241 in 2020, but have shown a gradual uptick to 263 by 2022. Embezzlement and forgery cases, however, seem to be on a... Read more
Property Crime Trends in Macomb County, MI Over the Last 5 Years
Macomb County, Michigan has seen fluctuating trends in property crimes over the last five years. Larceny-theft remained the dominant crime, peaking in 2019 with 1,549 incidents and reaching a low in 2020 with 999 incidents before rising again in 2022 to 1,155. Motor vehicle theft, while comparatively lower, has increased consistently, from 51 incidents in 2020 to 108 in 2022. Fraud cases showed a notable decline from 2019's 434 incidents to 2020's 241, but have since picked up to 263 in 2022. Meanwhile, embezzlement and forgery cases have generally decreased, with embezzlement dropping from 123 incidents in 2019 to 85 in 2022.
Demographics
Macomb County, Michigan, presents an intriguing demographic profile with a gender split favoring females moderately over males. Education-wise, a significant portion of the population holds a high school diploma or some college education, with fewer attaining graduate degrees. The age distribution skews toward adults in their prime working years, particularly those between 25 and 64 years, underscoring potential workforce stability. Racially, the county is predominantly White, but there's a... Read more
Race Distribution in Macomb County, Michigan (2022)
Educational Attainment in Macomb County, Michigan (2022)
Age Distribution in Macomb County, Michigan
Citizen Population in Macomb County, Michigan (2022)
Political Trends & Data
In Macomb County, Michigan, the 2020 U.S. Presidential Election saw a close competition between Republicans and Democrats, with Republicans possibly having a slight edge at around 53% of the vote compared to Democrats' 45%. Minor parties barely made an impact, collectively capturing just 1% of the vote. This indicates a strong two-party dynamic in the area, leaning slightly... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Macomb County, Michigan, Republican and Democrat votes were relatively close, with Republicans leading at approximately 53% and Democrats at around 45%. Minor parties like Libertarians and Greens had minimal influence, capturing only about 1% of the vote combined. These trends suggest a predominantly two-party competition in this region, with a notable edge for the Republican Party during the 2020 U.S. Presidential Election.
53.39% of voters voted for the Republican party in the 2020 Presidential Election
45.31% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% 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
Macomb County, Michigan has observed a general downward trend in its student-to-teacher ratio, dropping from approximately 20 in 2014 to about 16.5 in 2023. While still above the national average of 14, this shift could suggest a community prioritizing smaller class sizes, which might boost property values and enhance the area's appeal. This information may be particularly relevant for prospective investors, homebuyers, and real estate professionals, as it could indicate overall desirability... Read more
Student-to-teacher ratio in Macomb County, Michigan over the last 10 years
Over the past decade, Macomb County, Michigan has seen its student-to-teacher ratio fluctuate with a general downward trend, dropping from approximately 20 in 2014 to about 16.5 in 2023. This indicates a potential improvement in educational quality relative to the national average of 14 students per teacher. For prospective investors, homebuyers, and real estate professionals, this decline in the student-to-teacher ratio could signal a community's commitment to smaller class sizes, which may bolster property values and enhance the attractiveness of the area. Appraisers and insurance agents might find this data useful in assessing the overall desirability and growth potential of properties in the county.
