Mecosta County Real Estate and Livability Trends
Mecosta County, Michigan's real estate market is reflecting a healthy economic progression with average taxable income per tax return rising from $44,108.72 in 2013 to $58,453.20 in 2021, suggesting a robust local economy. Between 2015 and 2022, median home values climbed from $110,500 to $153,000, making it an affordable yet appreciating area. While residential energy tax credits fluctuated, a... Read more
Mecosta County Market Trends
Mecosta County, Michigan has experienced a notable 38.47% rise in median home values from $110,500 in 2015 to $153,000 in 2022, positioning itself as a competitively affordable area compared to the wider increases seen in Michigan and nationally. Residential energy tax credits per return have fluctuated significantly, spiking dramatically to $2,733.33 in 2018, hinting at possible policy shifts.... Read more
Median Value of Occupied Housing Units in Mecosta County, Michigan Over the Last 8 Years
Mecosta County, Michigan has seen substantial growth in median home values over the past eight years, jumping from $110,500 in 2015 to $153,000 in 2022. This increase marks a 38.47% rise, which fares competitively against Michigan's overall growth rate where home values have increased by approximately 64.27% within the same period. Comparing to the national average, where home values increased by about 42.98%, Mecosta County presents a potentially more affordable yet still appreciating option for potential homebuyers or investors. Whether you're looking to invest, relocate, or build, understanding these figures can help gauge the potential return on investment in Mecosta County compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Mecosta County, MI Over the Last 9 Years
In Mecosta County, Michigan, there has been significant fluctuation in residential energy tax credits per tax return over the past nine years, with amounts ranging broadly from $330.00 in 2013 to $2733.33 in 2018. Notably, the dramatic spike in 2018 stands out as an anomaly in an otherwise more gradual trend, potentially indicating a specific local or federal policy shift incentivizing energy efficiency that year. For stakeholders like investors, real estate agents, and appraisers, understanding these variations is crucial as they may reflect broader economic conditions and policy changes that influence the local housing market's attractiveness and overall value.
Average Real Estate Taxes Per Tax Return in Mecosta County, MI Over the Last 10 Years
Real estate taxes per tax return in Mecosta County, Michigan have shown a consistent upward trend over the past decade. Starting at $2,564.86 in 2012, the average amount has steadily increased, reaching $4,318.60 by 2021. Notable spikes occurred between 2017 and 2020, where taxes jumped from $2,870.18 to $4,356.52. This upward trajectory might indicate rising property values or changes in tax policies, making it essential for potential investors and homeowners to consider these factors when evaluating the financial landscape of the county.
Percentage of Farm Returns in Mecosta County, MI Over the Last 10 Years
Mecosta County, Michigan has seen a gradual decline in the percentage of farm tax returns over the past decade, dropping from approximately 3.38% in 2012 to around 2.85% in 2021. Farm tax returns represent tax filings specifically for farming income, reflecting the overall agricultural economic health and land use in the county. This trend could be signaling a shift away from farming activities, which might be of interest to potential investors, developers, or residents considering the balance between rural and developing areas. Despite minor fluctuations, the consistent downward trend is indicative of changing economic patterns worth noting for anyone with a stake in Mecosta County's future planning and development.
Number of Mortgages by Occupancy Type in Mecosta County, MI Over the Last 5 Years in Mecosta County
Over the past five years, Mecosta County, Michigan has seen its highest number of mortgage originations in 2021, particularly for principal residences, which peaked at 2,357. Investment properties have experienced relatively low and stable mortgage counts, fluctuating from 66 to 87. Notably, second residences experienced a spike in 2020 but saw a decline thereafter. Shifts in occupancy types can significantly impact local markets; for investors, a steady trend in investment property mortgages can point to a potentially stable rental market. For those looking to purchase a principal residence, a high number of mortgages might indicate increased competition. Fluctuations in second residence mortgages could affect seasonal business or leisure industries, which are important for local economic planning. Understanding these nuances aids investors, insurers, and developers in making informed decisions, anticipating demand, and assessing risks.
Economic Outlook
Mecosta County, Michigan, showcases a promising economic environment with average taxable income per tax return rising from $44,108.72 in 2013 to $58,453.20 in 2021. For real estate investors and developers, this upward trend is promising as it suggests a robust local economy and potentially higher property values. The notable increase in average state and local income taxes and fluctuations in total tax liabilities also highlight shifting economic conditions, which could impact investment... Read more
Average Taxable Income per Tax Return in Mecosta County, MI over the last 9 years
Mecosta County, Michigan, has witnessed a consistent rise in average taxable income per tax return over the past nine years, starting from $44,108.72 in 2013 and reaching $58,453.20 in 2021. This upward trend indicates a robust local economy which could appeal to investors and real estate agents looking at property development. For potential homebuyers or residents, this may also imply an increasingly prosperous community, potentially elevating property values. Insurance agents might need to consider adjusting premiums based on the growing incomes, while appraisers will find this trend valuable when estimating property values.
Average State and Local Income Taxes Per Tax Return in Mecosta County, MI Over the Last 10 Years
Mecosta County, Michigan has seen a notable upward trend in average state and local income taxes per tax return over the last ten years, with figures rising from around $4,415.02 in 2012 to roughly $8,168.18 by 2021. This increase, particularly the sharp jumps observed between 2017 and 2020, suggests a growing fiscal burden or possibly higher incomes, which prospective residents, investors, and property developers should consider when evaluating the economic climate of the area.
Average Total Tax Liability Per Tax Return in Mecosta County, MI Over the Last 10 Years
Mecosta County, Michigan has seen notable fluctuations in average total tax liability per tax return over the last decade, with values rising from $6,341.83 in 2012 to $8,149.56 in 2021. Despite a peak in 2017, the tax liabilities dipped in the following years but showed a rebound by 2021. These trends could indicate varying economic conditions and shifts in taxable incomes. Investors and homebuyers should be aware of these tax trends as they could impact overall cost considerations for property ownership and investment.
Cost of Living in Mecosta County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,050 | $1,351 | $1,644 | $1,178 | $985 |
| 1 adult 4 children | $1,050 | $1,103 | $1,255 | $1,178 | $1,070 |
| 2 adults 3 children | $1,050 | $1,104 | $1,427 | $1,178 | $821 |
| 1 adult 3 children | $1,050 | $901 | $1,039 | $1,178 | $864 |
| 2 adults 2 children | $826 | $904 | $1,211 | $1,021 | $750 |
| 1 adult 2 children | $826 | $675 | $822 | $1,021 | $664 |
| 2 adults 1 child | $826 | $714 | $994 | $511 | $691 |
| 1 adult 1 child | $826 | $461 | $605 | $511 | $573 |
| 2 adults | $707 | $574 | $778 | $0 | $612 |
| 1 adult | $571 | $313 | $389 | $0 | $493 |
Safety trends & Data
Mecosta County, Michigan has seen notable fluctuations in property crime over the past few years. Larceny-theft incidents hit a peak in 2019 with 123.00 cases, only to fall dramatically to 7.00 by 2021. Motor vehicle theft spiked in 2020 at 10.00 but also saw a sharp decline to 1.00 by 2021. The number of embezzlement cases in 2019 was unusually high at 7.00, dropping significantly thereafter. These trends could suggest varying levels of risk for investors and insurance agents specializing in... Read more
Property Crime Trends in Mecosta County, MI Over the Last 4 Years
Mecosta County, Michigan has experienced fluctuating property crime trends over the past four years. 2019 saw a peak, particularly with larceny-theft incidents reaching 123.0, compared to 74.0 in 2020 and 7.0 in 2021. Motor vehicle theft also spiked in 2020 with 10.0 occurrences but dropped sharply to 1.0 by 2021. Notably, embezzlement cases were unusually high in 2019 at 7.0 but saw a significant decrease in subsequent years. These trends suggest possible volatility in certain types of property crime, which could impact various stakeholders from investors to insurance agents focusing on risk exposure in the area.
Demographics
Mecosta County, Michigan, shows a remarkably balanced gender distribution, with males and females almost equal in number. Favoring practical skills, over half of the adult population has at least a high school diploma, though a smaller segment holds advanced degrees. The age spread hints at a sizable elderly demographic, with a notable number aged 55 and above. Predominantly White, the racial makeup displays modest diversity, with small but present Black, American Indian, and Asian... Read more
Race Distribution in Mecosta County, Michigan (2022)
Educational Attainment in Mecosta County, Michigan (2022)
Age Distribution in Mecosta County, Michigan
Citizen Population in Mecosta County, Michigan (2022)
Political Trends & Data
Mecosta County, Michigan, has a predominantly conservative voter base, with about 63% supporting Republicans in the 2020 Presidential Election. Democrats received around 35%, while Libertarians and the Green Party combined for just under 2%. The minor yet present third-party votes hint at a slight desire for political alternatives... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Mecosta County, Michigan, showed a strong Republican preference in the 2020 Presidential Election, with Republicans receiving around 63% of the vote. Democrats garnered approximately 35%, while Libertarians and other minor parties shared a much smaller fraction of the votes, with Libertarians at about 1.4% and the Green Party just under 0.3%. This distribution may suggest a predominantly conservative voter base, though the presence of third-party votes indicates some demand for political alternatives.
63.03% of voters voted for the Republican party in the 2020 Presidential Election
35.04% of voters voted for the Democrat party in the 2020 Presidential Election
1.44% of voters voted for the Livertarian party in the 2020 Presidential Election
0.24% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Mecosta County, Michigan's student-to-teacher ratios have ranged from 24 in 2017 to 19 in 2023, consistently higher than the national average of 14. This trend suggests larger class sizes and perhaps less individualized student attention, influencing family relocation decisions, educational quality, and community assessment by investors and policymakers. Real estate agents might see this as a crucial factor for families considering a move to the... Read more
Student-to-teacher ratio in Mecosta County, Michigan over the last 10 years
Mecosta County, Michigan has seen fluctuations in its student-to-teacher ratio over the last decade ranging from a high of 24 in 2017 to a more balanced 19 in 2023. These numbers consistently exceed the national average of fourteen students per teacher, which could suggest larger class sizes and potentially less individualized attention for students. These trends may raise considerations for potential investors, educators, and policymakers focused on educational quality and resource allocation. Real estate agents might see this as a factor affecting family decisions on moving, while insurance agents could consider these educational metrics in broader community assessments.
