Midland County Real Estate and Livability Trends
In Midland County, Michigan, real estate trends reveal a moderate rise in median home values from $131,200 in 2015 to $171,600 in 2022, likely making it an attractive area for investors. Despite rising property taxes, the county's declining poverty rate and improving student-to-teacher ratios could enhance residential appeal. A notable drop in property crimes over the past five years suggests an... Read more
Midland County Market Trends
Over the past eight years, Midland County, Michigan has seen a moderate yet consistent rise in median home values, from $131,200 in 2015 to $171,600 in 2022. While residential energy tax credits have fluctuated significantly, a spike in 2018 suggests potential policy-driven incentives. Real estate taxes have almost doubled in the last decade, hinting at increasing property values or public... Read more
Median Value of Occupied Housing Units in Midland County, Michigan Over the Last 8 Years
Over the past eight years, Midland County, Michigan has seen a steady rise in median home values, going from $131,200 in 2015 to $171,600 in 2022. Compared to the national median, which increased from $125,500 to $179,400 over the same period, and the Michigan state median, which climbed from $122,400 to $201,100, Midland County's growth offers a relatively moderate yet consistent uptrend. For potential investors or those considering a move, this steady appreciation might suggest a stable market with consistent growth, making it an attractive option for long-term investment.
Residential Energy Tax Credit Per Tax Return in Midland County, MI Over the Last 9 Years
Over the past nine years, Midland County, Michigan has seen significant fluctuations in average residential energy tax credits per tax return. Notably, there was a dramatic spike in 2018, with tax credits averaging $3280.00 per return, significantly higher than other years. The subsequent years indicate a stabilization, still reflecting a higher trend than the earlier part of the decade, with amounts around $544.21 in 2021. This volatility may suggest that certain opportunities or incentives were particularly attractive during this period, potentially reflecting broader economic or policy shifts affecting energy investments in residential properties. For those in the real estate or insurance fields, understanding these trends could be crucial in assessing property valuations and the financial benefits of energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Midland County, MI Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Midland County, Michigan, have shown a general upward trend, nearly doubling from $3,780.02 in 2012 to $6,098.98 in 2021. Notably, there was a sharp increase between 2017 and 2018, where taxes jumped from approximately $4,575.94 to $5,884.23. This trend may suggest increasing property values or growing public service needs, which could be crucial for prospective investors, real estate agents, and appraisers to consider.
Percentage of Farm Returns in Midland County, MI Over the Last 10 Years
Midland County, Michigan has shown a slight but noticeable decline in the percentage of farm tax returns over the last decade, dropping from around 1.15% in 2012 to approximately 1.00% in 2021. This trend may suggest a gradual reduction in the number of active farms or possibly a shift towards larger, more consolidated farming operations. It's an interesting data point for potential investors, property developers, or those considering a move to the area as it may reflect broader economic shifts or changes in the agricultural landscape. Understanding these trends could provide valuable context for making informed decisions about economic opportunities and lifestyle in Midland County.
Number of Mortgages by Occupancy Type in Midland County, MI Over the Last 5 Years in Midland County
Recent trends in Midland County, Michigan show fluctuations in mortgage counts by occupancy type over the past five years. Notably, the figures for investment properties have gradually escalated from 117 in 2018 to a peak of 222 in 2021, before dropping to 146 in 2022. Principal residences dominate the mortgage count, with a substantial increase from 3304 in 2018 to 5428 in 2021, followed by a reduction to 3534 in 2022. Second residences, however, exhibit minimal variation without significant growth. These shifts in occupancy type could imply evolving economic conditions or changing consumer preferences. Investors might see opportunities in a rising market for investment properties, while real estate agents and builders may find the dominant demand for principal residences indicative of stable, long-term habitation trends. Consequently, appraisers and insurance agents need to consider these dynamics as they reflect broader financial stability and market health in Midland County.
Economic Outlook
Midland County, Michigan's average taxable income per tax return has shown some volatility over the past nine years, peaking at $86,996.17 in 2017 before stabilizing around $85,890.40 in 2021. The region's state and local income taxes per tax return have nearly doubled from $6,039.48 in 2012 to $12,639.30 in 2021, indicating a growing economy but also potentially higher living costs. Total tax liability per tax return has also experienced notable shifts, with highs reaching $20,213.50 in 2017.... Read more
Average Taxable Income per Tax Return in Midland County, MI over the last 9 years
Over the past nine years, Midland County, Michigan, has seen notable fluctuations in the average taxable income per tax return. After a steady climb from $65,190.22 in 2013 to a peak of $86,996.17 in 2017, the income dipped in 2018 and 2019 to around $78,659.52 and $78,013.14, respectively. However, it rebounded in 2021 to $85,890.40. These variances could reflect changing economic conditions, making it a potentially lucrative, yet somewhat unpredictable, area for investors, real estate agents, and insurance agents to watch.
Average State and Local Income Taxes Per Tax Return in Midland County, MI Over the Last 10 Years
Midland County, Michigan, has seen a significant increase in average state and local income taxes per tax return over the past decade. From $6,039.48 in 2012, taxes climbed steadily to $12,639.30 by 2021. This upward trend could signal a growing economy in the area, potentially impacting living costs. For those considering investments or settling down, it's essential to weigh these tax changes against the broader economic benefits and services of the region. This rise in taxes may affect property values, local amenities, and overall quality of life, making it a crucial consideration for prospective residents and investors.
Average Total Tax Liability Per Tax Return in Midland County, MI Over the Last 10 Years
Midland County, Michigan has seen notable fluctuations in total tax liability per tax return over the past decade. The most significant peak occurred in 2017 with an average liability of $20,213.50, while the lowest point was in 2013 at $11,891.59. For those looking to invest or move here, it's worth noting such variability as it impacts overall living costs. High points like those in 2014 and 2021, where figures hit $14,470.85 and $14,986.35 respectively, suggest periods of increased economic activity or policy changes influencing tax burdens.
Cost of Living in Midland County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,313 | $1,428 | $1,782 | $1,835 | $1,398 |
| 1 adult 4 children | $1,313 | $1,166 | $1,370 | $1,835 | $1,540 |
| 2 adults 3 children | $1,313 | $1,166 | $1,542 | $1,835 | $1,192 |
| 1 adult 3 children | $1,313 | $952 | $1,131 | $1,835 | $1,315 |
| 2 adults 2 children | $978 | $955 | $1,303 | $1,601 | $979 |
| 1 adult 2 children | $978 | $713 | $891 | $1,601 | $985 |
| 2 adults 1 child | $978 | $755 | $1,063 | $841 | $867 |
| 1 adult 1 child | $978 | $487 | $651 | $841 | $736 |
| 2 adults | $746 | $606 | $824 | $0 | $651 |
| 1 adult | $715 | $331 | $412 | $0 | $526 |
Safety trends & Data
Midland County, Michigan, has seen a potential decline in property crimes over the past five years, highlighted by a drop in larceny-theft incidents from 93 in 2018 to just 6 in 2022. Burglary occurrences have stayed relatively low, and vandalism and motor vehicle theft have also decreased. These trends may suggest enhanced community safety or effective local law enforcement, making Midland County an intriguing option for real estate investors and new residents seeking a safer... Read more
Property Crime Trends in Midland County, MI Over the Last 5 Years
Midland County, Michigan, has seen a noticeable decline in property crimes over the past five years. Larceny-theft, the most prominent crime, dropped from 93 incidents in 2018 to just 6 in 2022. Burglary occurrences have fluctuated but remained relatively low, peaking at 8 in 2018 and holding at 3 in 2022. Vandalism and motor vehicle theft incidences have also shown a decreasing trend, suggesting potentially enhanced community safety or effective local law enforcement efforts. These shifts could be indicative of broader social changes or targeted crime reduction strategies, making Midland County an attractive prospect for potential real estate investors and new residents seeking a safer environment.
Demographics
Midland County, Michigan showcases a relatively balanced gender distribution with a slight female majority. Educational attainment appears skewed towards higher education, with a notable portion of the population possessing bachelor's or graduate degrees. The age distribution reveals a significant number of residents in the 35 to 64 age range, indicating a potentially stable workforce. Racial demographics point to a predominantly White population, although there are small but visible... Read more
Race Distribution in Midland County, Michigan (2022)
Educational Attainment in Midland County, Michigan (2022)
Age Distribution in Midland County, Michigan
Citizen Population in Midland County, Michigan (2022)
Political Trends & Data
In Midland County, Michigan, the 2020 U.S. Presidential Election saw the Republican Party capture around 56% of the vote, while Democrats managed about 42%, highlighting a competitive but noticeable margin. Minor parties like the Libertarians and Greens had minimal impact, possibly reflecting the county's broader political inclinations. These insights may be particularly valuable for campaign strategists and political analysts in understanding local voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Midland County, Michigan, the Republican Party appeared to have a significant lead in the 2020 U.S. Presidential Election, accounting for roughly 56 percent of the vote. Democrats garnered about 42 percent of the vote, suggesting a competitive but still quite clear margin. Minor parties such as the Libertarians, Greens, and others collectively made up a small fraction, potentially indicating limited influence in this particular election cycle. These trends could reflect broader political leanings within the county, which may be valuable for campaign strategists and political analysts.
56.38% of voters voted for the Republican party in the 2020 Presidential Election
41.75% of voters voted for the Democrat party in the 2020 Presidential Election
1.43% 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
0.21% of voters voted for the Other party in the 2020 Presidential Election
School Data
The student-to-teacher ratio in Midland County, Michigan, decreased from 19 in 2014 to 15 in 2023. This trend could mean better classroom environments and more personalized attention for students, potentially making the area more attractive for families. For investors and real estate agents, a lower ratio might suggest strong school district performance, enhancing property appeal. This improvement is also pertinent for appraisers and insurance agents, as educational quality can affect property... Read more
Student-to-teacher ratio in Midland County, Michigan over the last 10 years
The student-to-teacher ratio in Midland County, Michigan has shown a general downward trend over the last decade, moving from 19 in 2014 to 15 in 2023. This could signal improved classroom environments with more personalized attention for students, which may be appealing for families considering moving to the area. For potential investors and real estate agents, a lower ratio might indicate strong school district performance, a key selling point for residential properties. This also holds relevance for appraisers and insurance agents as educational quality can impact property value assessments and insurance risk evaluations. The county's current ratio is approaching the national average of 14 students per teacher, suggesting Midland County schools might be on par with, or soon comparable to, broader educational standards.
