Marquette County Real Estate and Livability Trends
Marquette County, Michigan, has seen noteworthy economic progress over the past decade, reflected in rising average taxable incomes and a significant reduction in poverty rates. The median home value in the county remains competitive, exceeding both state and national medians, which could signal robust local demand. Trends in reduced property crime and stable educational metrics, like a... Read more
Marquette County Market Trends
Marquette County, Michigan's median home value reached $184,300 in 2022, consistently higher than the state median until Michigan's surge to $201,100 in the same year. The county's figures also surpassed the national median of $179,400, pointing to strong local demand. Residential energy tax credits saw a dramatic rise to $2,860.00 in 2018 before stabilizing around $471.93 in 2021, suggesting... Read more
Median Value of Occupied Housing Units in Marquette County, Michigan Over the Last 8 Years
Marquette County, Michigan, has seen a steady increase in median home values over the past eight years, culminating in $184,300 in 2022. While this growth reflects national and state trends, Marquette County's figures have consistently remained higher than Michigan's state average until recently, eclipsed only in 2022 by the state's surge to $201,100. Compared to the national median of $179,400 in 2022, Marquette County indicates robust local demand, making it appealing for potential investors and homebuyers looking for promising market dynamics within a rapidly evolving housing landscape.
Residential Energy Tax Credit Per Tax Return in Marquette County, MI Over the Last 9 Years
Residential energy tax credits in Marquette County, Michigan, have experienced significant fluctuations over the past nine years. After a modest start ranging from approximately $260.58 to $497.56, there was a sharp spike to $2,860.00 in 2018, followed by a decline to $550.00 in 2019. Although the average credits seem to have stabilized somewhat post-2018, averaging around $471.93 in 2021, these trends could be indicative of variations in energy efficiency investments or policy changes impacting tax returns. For investors, developers, and property agents, the spikes may signal periods of increased residential energy upgrades, which could affect property values and community development projects.
Average Real Estate Taxes Per Tax Return in Marquette County, MI Over the Last 10 Years
Real estate taxes in Marquette County, Michigan have shown a notable upward trend over the past decade, climbing from approximately $3,115.56 per tax return in 2012 to around $5,289.36 in 2021. This consistent increase, especially significant between 2017 and 2018, suggests a growing investment potential and possibly rising property values in the region. For those looking to invest or move here, this trend could indicate a stiffer tax burden but might also reflect a community with improving infrastructure and amenities. Real estate agents and appraisers might see this as a sign of a robust market, while insurance agents should consider adjusting rates to match the increasing property taxes.
Percentage of Farm Returns in Marquette County, MI Over the Last 10 Years
The percentage of farm tax returns in Marquette County, Michigan has generally hovered around 0.43% to 0.45% over the past decade, with a few fluctuations. Notably, there was a slight decrease from 2013 (0.43%) to 2014 (0.39%), followed by a peak in 2017 at approximately 0.46%. Despite minor annual shifts, the percentage indicates a relatively stable agricultural tax base. Farm tax returns are a measure of how many farm businesses file taxes and can signal the economic health of the agricultural sector in the region. For potential investors, property developers, or new residents, these trends might suggest a steady but modest presence of agricultural activities. This could impact land values, local food supplies, and opportunities for agribusiness investments in Marquette County.
Number of Mortgages by Occupancy Type in Marquette County, MI Over the Last 5 Years in Marquette County
Over the last five years in Marquette County, Michigan, mortgages for principal residences have shown fluctuating numbers, peaking in 2020 with 3,064 and declining to 1,627 in 2022. Investment property mortgages remained relatively stable but modest, with minor variations around the 115-170 range. Second residence mortgages followed a similar pattern, with counts generally below 211. These changes in occupancy type hint at broader trends: potential shifts in how people view Marquette County as a primary or secondary living destination, which could influence property values and market dynamics. For investors, understanding these nuances might help identify opportunities or risks. Real estate agents and appraisers can leverage these insights to better meet customer needs and accurately assess property market values.
Economic Outlook
Marquette County, Michigan has experienced promising economic indicators over the past decade, with average taxable income per tax return increasing from approximately $50,257.83 in 2013 to around $67,923.13 in 2021. Concurrently, average state and local income taxes have risen sharply, notably from $7,307.48 in 2018 to $9,814.29 by 2021, potentially reflecting economic growth or tax policy shifts. Despite these positive trends, the percentage of people living under the poverty line peaked at... Read more
Average Taxable Income per Tax Return in Marquette County, MI over the last 9 years
Over the past nine years, Marquette County, Michigan has seen a consistent rise in average taxable income per tax return, starting from approximately $50,257.83 in 2013 and reaching around $67,923.13 in 2021. This upward trend, particularly the notable jump between 2020 and 2021, might suggest economic growth and potentially higher earning opportunities in the area. For investors, real estate agents, and insurance agents, this could hint at a more affluent local populace, possibly driving demand for quality housing, amenities, and services. While encouraging, these figures should be considered alongside other local economic indicators for a comprehensive view.
Average State and Local Income Taxes Per Tax Return in Marquette County, MI Over the Last 10 Years
Marquette County, Michigan has seen a notable increase in average state and local income taxes per tax return over the past decade. In 2012, the average was approximately $4,646.82, gradually rising to around $5,210.88 by 2017. However, a significant spike occurred from 2018 onwards, with the average escalating to $7,307.48, then to $9,814.29 by 2021. This upward trend may reflect economic growth, shifts in tax policy, or changes in income levels, potentially making it a point of interest for investors, potential residents, and property developers considering this region.
Average Total Tax Liability Per Tax Return in Marquette County, MI Over the Last 10 Years
Over the past decade, Marquette County, Michigan has seen a notable increase in the average total tax liability per tax return, culminating in a 2021 figure of $9,712.29. This uptick, especially the sharp rise from 2020 to 2021, could indicate shifts in the local economy or individual incomes. This trend is worth monitoring for potential investors, property developers, and real estate professionals as it may influence property values and investment returns. For current residents or those looking to move, understanding this trend helps in financial planning and gauging cost of living changes.
Cost of Living in Marquette County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,093 | $1,548 | $2,100 | $1,346 | $1,299 |
| 1 adult 4 children | $1,093 | $1,264 | $1,608 | $1,346 | $1,380 |
| 2 adults 3 children | $1,093 | $1,265 | $1,822 | $1,346 | $1,072 |
| 1 adult 3 children | $1,093 | $1,033 | $1,329 | $1,346 | $1,131 |
| 2 adults 2 children | $898 | $1,035 | $1,543 | $1,167 | $936 |
| 1 adult 2 children | $898 | $773 | $1,050 | $1,167 | $888 |
| 2 adults 1 child | $898 | $818 | $1,264 | $583 | $853 |
| 1 adult 1 child | $898 | $529 | $771 | $583 | $682 |
| 2 adults | $727 | $657 | $985 | $0 | $699 |
| 1 adult | $602 | $359 | $493 | $0 | $541 |
Safety trends & Data
Marquette County, Michigan, has seen a notable decrease in property crime over the last five years, with burglary incidents dropping from 32 in 2018 to 9 in 2022 and larceny-theft plummeting from 307 to 96. Arson remains remarkably low, while fraud cases have halved, showing 16 incidents in 2022 down from 33. These trends might influence potential investors, real estate agents, and those considering relocation to value the county's improving safety in their decision-making... Read more
Property Crime Trends in Marquette County, MI Over the Last 5 Years
Marquette County, Michigan, has shown a notable trend in property crime activities over the last five years. Arson remained remarkably low, while burglary and larceny-theft experienced a general decline, dropping from 32 and 307 incidents in 2018 to 9 and 96 in 2022 respectively. Motor vehicle theft and vandalism saw some fluctuations without any consistent increase or decrease in activities. Fraud cases showed a slight decrease, having 33 incidents in 2018 compared to 16 in 2022. This data could suggest that Marquette County is seeing a modest reduction in several key property crimes, which might sway potential investors, real estate agents, and those considering relocating to weigh this improved safety in their decision-making process.
Demographics
Marquette County, Michigan shows a slight gender imbalance with a higher number of males. The county's education levels indicate a robust percentage of the population has a high school diploma or higher, although a notable portion has completed some college without obtaining a degree. Young adults, particularly those aged 20 to 34, make up a significant part of the population, which could tie into educational and employment opportunities in the area. The population is predominantly White,... Read more
Race Distribution in Marquette County, Michigan (2022)
Educational Attainment in Marquette County, Michigan (2022)
Age Distribution in Marquette County, Michigan
Citizen Population in Marquette County, Michigan (2022)
Political Trends & Data
Marquette County, Michigan showed significant support for the Democratic Party in the 2020 U.S. Presidential Election, hinting at a potential shift towards progressive values. Republicans, while trailing, still captured a notable portion of votes. Minor parties like the Libertarians and Greens had a minimal but telling presence, suggesting some degree of ideological diversity in what appears to be a somewhat politically divided yet slightly liberal-leaning... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Marquette County, Michigan, the 2020 U.S. Presidential Election seemed to show notable support for the Democratic Party, which possibly indicates a trend towards more progressive values in the area. Republicans trailed behind but still garnered a substantial portion of the vote, suggesting a pluralistic political landscape. While minor parties like the Libertarians and Greens had minimal impact, their presence hints at some level of ideological diversity. Overall, the data might reflect a community that is somewhat divided but leans slightly more liberal.
43.47% of voters voted for the Republican party in the 2020 Presidential Election
54.63% of voters voted for the Democrat party in the 2020 Presidential Election
1.36% of voters voted for the Livertarian party in the 2020 Presidential Election
0.35% of voters voted for the Green party in the 2020 Presidential Election
0.18% of voters voted for the Other party in the 2020 Presidential Election
School Data
Marquette County, Michigan has maintained a student-to-teacher ratio around the national average of 14 students per teacher, currently trending slightly lower at approximately 13. This suggests smaller class sizes, which could be attractive to families prioritizing personalized education for their children. Realtors might leverage this data to highlight neighborhood desirability, while appraisers and insurance agents could factor it into property valuations and... Read more
Student-to-teacher ratio in Marquette County, Michigan over the last 10 years
Marquette County, Michigan has seen a generally stable student-to-teacher ratio over the last decade, fluctuating around the national average of 14 students per teacher. As of the most recent year, the ratio has slightly decreased to just under 14 students per teacher, sitting at approximately 13, which suggests smaller class sizes compared to the national average. This trend could be appealing to families seeking more personalized attention for their children in schools, beneficial for potential homebuyers, and valuable information for real estate agents when marketing properties. Additionally, appraisers and insurance agents might consider these figures when assessing property values and insurance premiums, respectively, as high-quality, low-ratio educational institutions can elevate neighborhood desirability.
