Montcalm County Real Estate and Livability Trends
Montcalm County, Michigan, has displayed notable economic vitality with average taxable incomes peaking at $55,017.33 in 2021, attracting investors and homeowners alike. Median home values have risen impressively from $94,100 in 2015 to $154,900 in 2022, suggesting a growing real estate market with potentially accessible entry points compared to the state's peak values. Despite these positive... Read more
Montcalm County Market Trends
Over the past eight years, Montcalm County, Michigan has seen median home values rise from $94,100 in 2015 to $154,900 in 2022, offering a potentially lower entry point compared to Michigan's peak at $201,100 and the national average of $179,400 for the same year. The county's average residential energy tax credits have fluctuated dramatically—from $272.60 in 2015 to a spike at $3,400.00 in... Read more
Median Value of Occupied Housing Units in Montcalm County, Michigan Over the Last 8 Years
Over the past eight years, median home values in Montcalm County, Michigan have experienced a considerable increase, rising from $94,100 in 2015 to $154,900 in 2022. This growth trend is somewhat less aggressive compared to Michigan's state average, which peaked at $201,100 in 2022, and the national average that reached $179,400 the same year. For potential investors or residents, Montcalm County could suggest promising value growth with a potentially lower entry point compared to state and national figures.
Residential Energy Tax Credit Per Tax Return in Montcalm County, MI Over the Last 9 Years
Across the last nine years, Montcalm County, Michigan has seen notable fluctuations in the average residential energy tax credit per tax return, ranging from $272.60 in 2015 to a significant $3400.00 spike in 2018. Such variability might suggest inconsistent investment in energy-efficient home improvements, which can impact property value assessments and influence real estate market dynamics. For investors, insurers, and realtors, these trends could point to potential opportunities or risks associated with residential energy efficiency improvements in the county.
Average Real Estate Taxes Per Tax Return in Montcalm County, MI Over the Last 10 Years
Over the last decade, Montcalm County, Michigan has seen a noticeable increase in average real estate taxes per tax return. Starting at around $2,317.26 in 2012, there was a consistent rise each year, peaking dramatically at $4,413.11 in 2020. Even with a slight dip to $4,133.33 in 2021, the long-term trend indicates that property taxes have generally been on the up. This could suggest a growing valuation of property or rising tax rates, factors that potential investors, residents, and real estate professionals might want to consider when making decisions related to the housing market in the area.
Percentage of Farm Returns in Montcalm County, MI Over the Last 10 Years
Over the past decade, Montcalm County, Michigan has seen a gradual decrease in the percentage of farm returns. Starting at 3.20% in 2012, it dipped to a low of 2.35% in 2020 before slightly rebounding to 2.42% in 2021. Farm tax returns are a good indicator of agricultural activity and economic health in rural areas, reflecting how many residents are engaged in farming as a primary source of income. This downward trend in farm returns might suggest a shift away from agricultural practices or perhaps economic challenges within the farming community. Potential investors, property developers, and residents might find this trend relevant as it can impact land value, local economy, and community priorities.
Number of Mortgages by Occupancy Type in Montcalm County, MI Over the Last 5 Years in Montcalm County
Over the last five years in Montcalm County, Michigan, the number of mortgages has varied significantly by occupancy type. Principal residences dominate the mortgage market, peaking in 2021 with 4,369 loans. This uptick could signal increased demand for homes, attracting investors looking for stable rental markets. Meanwhile, second residences saw a rise in 2020 and 2021, which aligns with the trend of individuals seeking vacation homes or remote work spaces during the pandemic. Investment properties, however, showed a slight decline, suggesting potential shifts in investor confidence or market saturation. Understanding these trends helps appraisers and real estate agents anticipate market dynamics and guide potential buyers or investors. For insurers, changes in occupancy types may influence policy premiums and risk assessments.
Economic Outlook
Montcalm County, Michigan has seen steady increases in average taxable income per tax return over the past nine years, peaking at $55,017.33 in 2021. This trajectory could attract investors, potential homeowners, and real estate agents due to the apparent economic vitality. Meanwhile, state and local income taxes have surged from $3,676.83 in 2012 to $11,222.95 in 2021, a significant jump that might reflect shifting tax policies or macroeconomic conditions. Additionally, the total tax liability... Read more
Average Taxable Income per Tax Return in Montcalm County, MI over the last 9 years
Montcalm County, Michigan has generally seen a steady rise in average taxable income per tax return over the past nine years, with notable year-over-year increases. The most significant jump occurred between 2020 and 2021, where the average taxable income increased from $48,887.43 to $55,017.33. This upwards trend potentially indicates growing economic vitality, which might be appealing to investors, potential homeowners, and real estate agents looking for robust market opportunities in the area. This pattern of increasing income could also influence property appraisals and insurance metrics, highlighting a strengthening financial ecosystem.
Average State and Local Income Taxes Per Tax Return in Montcalm County, MI Over the Last 10 Years
Over the past decade, Montcalm County, Michigan has seen a notable rise in the average state and local income taxes per tax return. Starting at around $3,676.83 in 2012, this figure jumped significantly to $11,222.95 by 2021. The gradual increase until 2017 saw a steep spike beginning in 2018, indicating potentially changing tax policies or economic conditions. For those contemplating investment or relocation, understanding these tax trends can be important for financial planning and evaluating the cost of living.
Average Total Tax Liability Per Tax Return in Montcalm County, MI Over the Last 10 Years
Over the past decade, Montcalm County, Michigan has witnessed a generally upward trend in its average total tax liability per tax return, fluctuating yet peaking at $7,151.79 in 2021. This trend is potentially noteworthy for investors and real estate stakeholders, suggesting an increasing tax burden that could influence financial planning. For insurance agents and appraisers, these figures may indicate shifts in the local economic landscape, affecting property valuations and risk assessments.
Cost of Living in Montcalm County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,136 | $1,327 | $1,653 | $1,581 | $1,171 |
| 1 adult 4 children | $1,136 | $1,084 | $1,270 | $1,581 | $1,298 |
| 2 adults 3 children | $1,136 | $1,084 | $1,431 | $1,581 | $986 |
| 1 adult 3 children | $1,136 | $885 | $1,048 | $1,581 | $1,089 |
| 2 adults 2 children | $922 | $887 | $1,209 | $1,379 | $882 |
| 1 adult 2 children | $922 | $663 | $826 | $1,379 | $845 |
| 2 adults 1 child | $922 | $701 | $987 | $724 | $786 |
| 1 adult 1 child | $922 | $453 | $604 | $724 | $671 |
| 2 adults | $756 | $563 | $765 | $0 | $629 |
| 1 adult | $696 | $307 | $382 | $0 | $530 |
Safety trends & Data
In Montcalm County, Michigan, property crime trends over the past five years show larceny-theft as the most common, while burglary and vandalism incidents have fluctuated without a clear trend. Motor vehicle theft is generally low but saw a slight uptick in 2022. With minimal occurrences of arson and embezzlement, these patterns can inform potential homeowners, investors, and insurance agents about local real estate risk factors and security... Read more
Property Crime Trends in Montcalm County, MI Over the Last 5 Years
Montcalm County, Michigan, has seen fluctuations in property crimes over the past five years, with larceny-theft consistently the most prevalent crime. Notably, incidents of burglary and vandalism have varied but don't show a clear upward or downward trend. Motor vehicle theft has remained relatively low, though it experienced a slight increase in 2022. Less common crimes, such as arson and embezzlement, remained minimal. For real estate investors, insurance agents, and potential homeowners, these trends provide insight into risk factors and security considerations in the area.
Demographics
Montcalm County, Michigan presents a unique demographic profile with potentially key insights for stakeholders. The adult population shows a slight male predominance that could hint at differences in gender-specific services or employment opportunities. Educational attainment is varied, with a significant portion having completed high school, yet fewer pursuing higher education degrees, which might impact the local economy and job market. The age distribution leans towards an older population,... Read more
Race Distribution in Montcalm County, Michigan (2022)
Educational Attainment in Montcalm County, Michigan (2022)
Age Distribution in Montcalm County, Michigan
Citizen Population in Montcalm County, Michigan (2022)
Political Trends & Data
Montcalm County, Michigan, may exhibit a strong Republican leaning, with potentially around 68% of the 2020 U.S. Presidential Election vote going to the Republican candidate. Democrats might have secured about 30%, with other parties like Libertarians and Greens getting notably smaller shares. This political landscape could influence local and state-level dynamics, possibly affecting decisions around real estate development and community... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montcalm County, Michigan, the 2020 U.S. Presidential Election results show a significant Republican leaning, with nearly 68% of the vote potentially going to the Republican candidate. Democrats may have secured approximately 30% of the vote, while other parties like Libertarians, Greens, and Others each garnered a notably smaller share. This data could suggest a strong Republican presence in this region, influencing local and state-level political dynamics.
67.96% of voters voted for the Republican party in the 2020 Presidential Election
30.23% of voters voted for the Democrat party in the 2020 Presidential Election
1.33% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% of voters voted for the Green party in the 2020 Presidential Election
0.31% of voters voted for the Other party in the 2020 Presidential Election
School Data
Montcalm County, Michigan has seen its student-to-teacher ratio peak at 28 in 2021 before plummeting to a ten-year low of 18 in 2023. This significant fluctuation could impact the quality of education, with current ratios suggesting better opportunities for individualized attention compared to the national average of 14 students per teacher. Such dynamic trends may indicate improvements in educational infrastructure or shifting demographics, potentially making the area more attractive to... Read more
Student-to-teacher ratio in Montcalm County, Michigan over the last 10 years
Over the last decade, the student-to-teacher ratio in Montcalm County, Michigan has fluctuated significantly, peaking at 28 students per teacher in 2021 before dropping to a ten-year low of 18 students per teacher in 2023. This variability can impact the quality of education, with higher ratios potentially leading to less individualized attention compared to the national average of 14 students per teacher. For investors, real estate agents, and those looking to move to Montcalm County, these changes may suggest shifts in educational resource allocation and community population dynamics. Lower ratios in 2023 might indicate efforts to improve educational infrastructure or changing demographics, both of which could be appealing for families prioritizing education quality.
