Manistee County Real Estate and Livability Trends
Manistee County, Michigan has displayed promising economic and real estate trends. Average taxable incomes have steadily increased from $41,588.74 in 2013 to $59,195.89 by 2021, suggesting an economically stable area. Median home values rose from $107,100 in 2015 to $157,800 in 2022, indicating a growing yet affordable market. Rising real estate taxes and energy-efficient home investments further... Read more
Manistee County Market Trends
Manistee County's impressive median home value rise from $107,100 in 2015 to $157,800 in 2022 suggests a growing but still affordable market compared to broader Michigan and national trends. Dramatic fluctuations in residential energy tax credits, peaking at $3,500.00 in 2018, might point to increased energy-efficient home investments, potentially boosting local property values. With average real... Read more
Median Value of Occupied Housing Units in Manistee County, Michigan Over the Last 8 Years
Over the past eight years, Manistee County, Michigan has experienced a steady increase in median home values, climbing from $107,100 in 2015 to $157,800 in 2022. While this local rise is impressive, it's also worth noting that during the same period, Michigan's median home value increased from $122,400 to $201,100, and the national value went from $125,500 to $179,400. This kind of growth suggests the county may still be relatively affordable compared to broader state and national trends, which could be attractive for investors or potential residents looking for growth potential within Michigan.
Residential Energy Tax Credit Per Tax Return in Manistee County, MI Over the Last 9 Years
Manistee County, Michigan has seen significant fluctuations in residential energy tax credits per tax return over the past nine years. Most notably, the average credit peaked dramatically at $3,500.00 in 2018, compared to more moderate increases in subsequent years such as $700.00 in 2019 and $982.61 in 2021. These variations might suggest a growing adoption of energy-efficient home improvements, influencing both investments and property values in the area. For those interested in local real estate or property investments, understanding these trends could be valuable for forecasting future incentives and evaluating energy-efficient homes' appeal.
Average Real Estate Taxes Per Tax Return in Manistee County, MI Over the Last 10 Years
Over the last decade, Manistee County, Michigan has observed a steady upward trend in average real estate taxes per tax return, starting at around $3,121.56 in 2012 and reaching approximately $6,153.85 in 2021. This increase, especially the significant jump between 2017 and 2018, suggests rising property values and possibly changes in tax policy. For potential investors or new residents, this trend could imply a robust local economy but also a higher cost of property ownership. Appraisers and insurance agents may need to adjust their assessments and coverages accordingly, while real estate agents might find fluctuating property taxes a crucial selling point.
Percentage of Farm Returns in Manistee County, MI Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Manistee County, Michigan, has shown a mild but noticeable decline. Starting at around 2.12% in 2012, the percentage shrank to a low of 1.60% in 2020 before a slight uptick to 1.71% in 2021. For potential investors or individuals interested in agricultural ventures, this downward trend suggests a reduction in either the number of active farms or the profitability of farming operations in the area. Understanding these trends can be crucial for making informed decisions regarding land use, property investments, or economic strategies in this rural part of Michigan.
Number of Mortgages by Occupancy Type in Manistee County, MI Over the Last 5 Years in Manistee County
Manistee County, Michigan, has seen varying trends in mortgage counts by occupancy type over the last five years. Principal residences consistently dominate the market, with a notable high in 2021 at 1,032 mortgages before dipping slightly to 752 in 2022. Second residences have a moderate presence, peaking at 282 mortgages in 2021, indicating potential for vacation or part-time home buyers. Investment properties, although the least frequent, showed a gradual increase from just 31 mortgages in 2019 and 2020 to 65 in 2022. These variations can influence market dynamics, where fluctuating demand for different types of residences may affect property values, investment strategies, and insurance assessments. Investors and developers might find opportunities in the shifting interest towards principal and second residences, while a growing trend in investment properties could indicate a rise in rental demand or speculative buying.
Economic Outlook
Average taxable incomes in Manistee County, Michigan, have shown a consistent rise, moving from $41,588.74 in 2013 to $59,195.89 by 2021. This increase hints at growing economic stability, potentially making the area more attractive for investors and boosting property values. Alongside, state and local income taxes have escalated from $3,811.56 in 2012 to around $8,725.00 in 2021, suggesting economic growth or changing fiscal policies. Additionally, total tax liability per tax return has... Read more
Average Taxable Income per Tax Return in Manistee County, MI over the last 9 years
Average taxable incomes in Manistee County, Michigan have shown an upward trend over the past nine years. Starting at an average of $41,588.74 in 2013, the income saw steady increases, peaking significantly at $59,195.89 in 2021. This rise in average taxable income suggests potential growth in economic stability and prosperity, making the area increasingly appealing for investors, new residents, and those involved in real estate and property development. This uptrend could also mean higher property values and possibly higher insurance premiums, which are crucial considerations for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Manistee County, MI Over the Last 10 Years
In Manistee County, Michigan, the average state and local income taxes per tax return have shown an upward trend over the last decade, highlighting potential economic growth or increased taxation. Starting at approximately $3,811.56 in 2012, the tax burden has increased notably, reaching around $8,725.00 by 2021. This surge could be significant for anyone considering investment opportunities or property development in the area, as it might indicate a growing economy or changing fiscal policies. Notable jumps in 2018 to around $6,909.52 and in subsequent years suggest shifts that could warrant closer examination by prospective investors or residents.
Average Total Tax Liability Per Tax Return in Manistee County, MI Over the Last 10 Years
Manistee County, Michigan has witnessed a notable upward trend in average total tax liability per tax return over the last decade. Starting from $5,791.61 in 2012, it has steadily increased, reaching $8,562.68 by 2021. This trend could indicate growing income levels or changes in tax policy in the region, potentially signaling economic growth. Investors and real estate agents might view this as a sign of an increasingly affluent population, while appraisers and insurance agents could consider these factors when evaluating property values and client risk assessments. For those planning to move or build property here, understanding these trends can provide insights into the evolving economic landscape of the county.
Cost of Living in Manistee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,143 | $1,436 | $1,603 | $1,199 | $1,081 |
| 1 adult 4 children | $1,143 | $1,172 | $1,224 | $1,199 | $1,180 |
| 2 adults 3 children | $1,143 | $1,173 | $1,392 | $1,199 | $893 |
| 1 adult 3 children | $1,143 | $958 | $1,013 | $1,199 | $969 |
| 2 adults 2 children | $916 | $960 | $1,181 | $1,039 | $812 |
| 1 adult 2 children | $916 | $717 | $802 | $1,039 | $743 |
| 2 adults 1 child | $916 | $759 | $970 | $520 | $746 |
| 1 adult 1 child | $916 | $490 | $591 | $520 | $623 |
| 2 adults | $696 | $610 | $759 | $0 | $628 |
| 1 adult | $691 | $332 | $379 | $0 | $534 |
Safety trends & Data
Manistee County in Michigan shows fluctuating property crime rates over the last five years. Larceny-theft incidents generally top the charts, but there was a significant drop in 2020. Burglary and motor vehicle theft are usually lower but experienced occasional spikes, such as in 2021 and 2022. Arson cases rose by 2022, and vandalism also saw an uptick. Fraud cases, on the other hand, decreased from 2018 to 2022, potentially suggesting better preventive measures. These trends highlight the... Read more
Property Crime Trends in Manistee County, MI Over the Last 5 Years
Manistee County, located in Michigan, has exhibited fluctuating property crime rates over the past five years. While the overall number of larceny-theft incidents generally remains the highest, there was a significant drop in 2020 compared to previous years. Burglary and motor vehicle theft have displayed relatively low but consistent trends, with occasional spikes, such as the increase in burglary incidents in 2021 and 2022. Interesting trends include a rise in arson cases by 2022 and a notable increase in vandalism. Fraud cases saw a downward shift from 2018 to 2022, potentially indicating improved preventive measures. This pattern of changing crime trends is pivotal for potential investors, real estate agents, and insurance agents, highlighting the need for diligent property security and targeted community safety strategies.
Demographics
Manistee County, Michigan displays some intriguing demographic shifts. The adult population shows a nearly balanced gender ratio but slightly more men than women. When it comes to education, most residents are high school graduates, with a significant portion having some college education but no degree. Age distribution highlights an older demographic, with a substantial segment being 55 years and older. The county's racial composition is predominantly White, with small percentages of Black or... Read more
Race Distribution in Manistee County, Michigan (2022)
Educational Attainment in Manistee County, Michigan (2022)
Age Distribution in Manistee County, Michigan
Citizen Population in Manistee County, Michigan (2022)
Political Trends & Data
In Manistee County, Michigan, the 2020 U.S. Presidential Election appeared to exhibit a possible conservative lean, with approximately 56.8% of voters possibly favoring the Republican candidate. Democrats seemingly captured around 41.7% of the vote, indicating that conservative values might resonate more strongly within the county. Third-party candidates seemed to have minimal influence, likely capturing only a small fraction of votes, which could suggest a prevailing preference for mainstream... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Manistee County, Michigan, the 2020 U.S. Presidential Election saw a potential tilt toward the Republican Party, possibly with roughly 56.8% of the vote. Democrats might have garnered close to 41.7%, suggesting the county could lean conservatively. The Libertarian and Green parties, along with other smaller parties, seemed to have minimal impact, collectively capturing perhaps just a small fraction of the electorate. This distribution could highlight a marked preference for traditional party candidates over third-party options.
56.78% of voters voted for the Republican party in the 2020 Presidential Election
41.67% of voters voted for the Democrat party in the 2020 Presidential Election
1.05% 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
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Manistee County, Michigan has seen its student-to-teacher ratio improve significantly, dropping from 34 students per teacher in 2014 to around 16 in recent years. This shift towards smaller class sizes suggests a community focus on enhancing educational quality, which could positively influence property values. Appraisers and real estate agents might leverage this trend to highlight the area's commitment to education, aligning more closely with the national average of 14 students per teacher.... Read more
Student-to-teacher ratio in Manistee County, Michigan over the last 10 years
Manistee County, Michigan has seen a marked improvement in its student-to-teacher ratio over the past decade, decreasing from a high of 34 students per teacher in 2014 to closer to 16 in recent years. This trend indicates a shift towards smaller class sizes, which may enhance individual student attention and potentially boost educational outcomes. For investors and those considering relocation, this might signal a community investing in quality education, which can positively impact property values. Appraisers and real estate agents can use this information to highlight the area's evolving educational landscape. Additionally, insurance agents might note this as part of the overall community profile when assessing risks and premiums. This context is especially relevant given the national average of 14 students per teacher, demonstrating that Manistee County is aligning more closely with national educational standards.
