Montmorency County Real Estate and Livability Trends
Montmorency County, Michigan, has seen average taxable income soar from $37,046.88 in 2013 to $51,850.53 in 2021. This economic upswing could lure investors and new residents. Despite a rise in median home values from $91,200 to $125,600, prices remain below state and national averages, presenting a potentially undervalued market. Real estate taxes hit a peak of $5,240.00 in 2020 but dropped to... Read more
Montmorency County Market Trends
Over the past eight years, Montmorency County, Michigan has seen its median home values rise from $91,200 to $125,600, though these rates remain below state and national averages. Interestingly, residential energy tax credits jumped significantly in 2019 to $516.67, highlighting a local push towards energy-efficient improvements. Meanwhile, real estate taxes peaked at $5,240.00 in 2020 before... Read more
Median Value of Occupied Housing Units in Montmorency County, Michigan Over the Last 8 Years
Over the past eight years, Montmorency County, Michigan has seen a steady rise in the median value of occupied housing units, climbing from $91,200 in 2015 to $125,600 in 2022. While these values have grown substantially, they remain lower compared to both state and national figures. Michigan's median home value rose from $122,400 in 2015 to $201,100 in 2022, showing a stronger statewide market increase. On a national level, the median home value escalated from $125,500 to $179,400 in the same period. These differences could present both opportunities and challenges for investors and potential homeowners in Montmorency County, potentially indicating a more affordable market with room for growth.
Residential Energy Tax Credit Per Tax Return in Montmorency County, MI Over the Last 8 Years
Montmorency County, Michigan has shown notable fluctuations in the residential energy tax credit per tax return over the past eight years. Initially, average credits ranged from around $225.00 to $280.00 between 2013 and 2017. However, a significant spike occurred in 2019, where averages jumped to $516.67, followed by slight decreases but remaining above $400.00 in 2020 and 2021. This suggests a growing investment in energy-efficient home improvements, potentially driven by increased awareness or changes in local policies. These trends might interest real estate investors, appraisers, and insurance agents as they reflect a community's shift towards sustainability which could affect property values and demand.
Average Real Estate Taxes Per Tax Return in Montmorency County, MI Over the Last 10 Years
Over the past decade, Montmorency County in Michigan has seen a noticeable trend in average real estate taxes per tax return, fluctuating from $2,370.42 in 2012 to a high of $5,240.00 in 2020. The peak in 2020 and subsequent decrease in 2021 to $4,200.00 could point to varying economic factors or changes in property valuation practices. This variability may influence decisions for potential investors, real estate agents, and insurance agents, highlighting the importance of understanding local fiscal policies and property market dynamics when engaging with the real estate environment in Montmorency County.
Percentage of Farm Returns in Montmorency County, MI Over the Last 10 Years
Over the last 10 years in Montmorency County, Michigan, the percentage of farm tax returns has seen only modest fluctuations. Starting at roughly 2.31% in 2012, it peaked at 2.78% in 2014 but gradually dipped to about 2.21% by 2021. Farm tax returns, which are essentially filings by income-generating farms for tax purposes, matter greatly as they can indicate the financial health and activity levels within the agricultural sector. For potential investors, builders, or residents, a slight downward trend hints at a potential shift or consolidation in farming activities, which could impact future land use and economic planning decisions in the county.
Number of Mortgages by Occupancy Type in Montmorency County, MI Over the Last 5 Years in Montmorency County
Montmorency County, Michigan has seen fluctuating mortgage counts over the past five years particularly in "Principal Residence," "Second Residence," and "Investment Property" categories. Mortgages for principal residences generally trended higher, peaking in 2021 with 530, suggesting strong demand for permanent homes despite slight dips in other years. Meanwhile, second residences showed a notable dip from 217 in 2020 to 119 in 2022, reflecting potential shifts in market dynamics or changing buyer priorities. Investment properties remained consistently low, rarely exceeding 18 per year, pointing to a lesser focus on rental or income-generating properties. Changes in occupancy types offer crucial insights for investors, appraisers, and real estate agents as they signal market demand, risk factors, and evolving buyer intentions, helping tailor strategies more effectively.
Economic Outlook
Montmorency County, Michigan, has experienced a steady rise in average taxable income per tax return from $37,046.88 in 2013 to $51,850.53 in 2021, signaling potential economic growth that could attract investors and homeowners. Correspondingly, average state and local income taxes peaked at $7,088.89 in 2020, possibly reflecting increased economic activity or tax policy changes. Also, average total tax liability per tax return grew from $4,752.22 in 2012 to $6,710.80 in 2021, which may imply... Read more
Average Taxable Income per Tax Return in Montmorency County, MI over the last 9 years
Montmorency County, Michigan, has seen a notable rise in average taxable income per tax return over the past nine years, with a steady increase from $37,046.88 in 2013 to $51,850.53 in 2021. This upward trend indicates potential economic growth and an improving financial landscape, making the county potentially attractive for investors, real estate agents, and those considering relocation. However, these increases could also impact appraisals and insurance rates.
Average State and Local Income Taxes Per Tax Return in Montmorency County, MI Over the Last 10 Years
Montmorency County, Michigan has experienced a notable increase in average state and local income taxes per tax return over the past decade, peaking at $7,088.89 in 2020 before slightly decreasing to $6,455.56 in 2021. This upward trend may suggest growing economic activity or adjustments in tax policies. Investors and potential residents should consider these changes, as higher taxes might impact overall cost of living and investment returns.
Average Total Tax Liability Per Tax Return in Montmorency County, MI Over the Last 10 Years
Montmorency County, Michigan, has seen a general increase in average total tax liability per tax return over the past decade, reaching $6,710.80 in 2021 from $4,752.22 in 2012. The upward trend suggests a possible rise in incomes or changes in the local tax structure, which could be indicative of economic development in the area. This could matter to potential investors, real estate agents, or those looking to move to the county, given that rising tax liabilities may reflect higher property values or living standards. For insurance agents and appraisers, understanding these local economic shifts can be crucial in accurately assessing property and market values.
Cost of Living in Montmorency County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,169 | $1,395 | $1,678 | $1,107 | $1,094 |
| 1 adult 4 children | $1,169 | $1,140 | $1,282 | $1,107 | $1,192 |
| 2 adults 3 children | $1,169 | $1,140 | $1,457 | $1,107 | $902 |
| 1 adult 3 children | $1,169 | $931 | $1,060 | $1,107 | $974 |
| 2 adults 2 children | $826 | $933 | $1,236 | $960 | $778 |
| 1 adult 2 children | $826 | $697 | $839 | $960 | $691 |
| 2 adults 1 child | $826 | $738 | $1,014 | $480 | $719 |
| 1 adult 1 child | $826 | $476 | $618 | $480 | $590 |
| 2 adults | $726 | $593 | $793 | $0 | $642 |
| 1 adult | $571 | $323 | $397 | $0 | $501 |
Safety trends & Data
Montmorency County, Michigan has a fluctuating yet generally low level of property crimes over the past four years. Larceny-theft was relatively higher in 2018 and 2019 with 5 and 3 incidents respectively, indicating some concerns for retail and personal property safety. While fraud was noted only in 2018, motor vehicle theft saw two incidents in 2019, suggesting periodic risks for vehicle owners. A single stolen property case in 2020 and a slight increase in burglaries by 2021 underline the... Read more
Property Crime Trends in Montmorency County, MI Over the Last 4 Years
Montmorency County, Michigan has seen a fluctuating yet generally low incidence of property crimes over the past four years. In 2018 and 2019, larceny-theft occurrences were relatively higher, with 5 and 3 incidents respectively, indicating some concerns for retail and personal property safety. Fraud cases were only noted in 2018, and motor vehicle theft saw two incidents in 2019, suggesting periodic but inconsistent risks for vehicle owners. Notably, 2020 reported an isolated case of stolen property, and there was a slight increase in burglaries by 2021. The overall low frequency of these crimes could suggest a lower risk environment for potential residents or investors, yet underscores the importance of preventive measures.
Demographics
Men and women in Montmorency County, Michigan, are almost evenly split, creating a balanced adult population. A significant portion of residents have achieved at least a high school diploma, though bachelor's degrees and higher are less common, which could imply limited higher education opportunities or migration patterns among younger adults. Age distribution leans heavily toward older cohorts, with a substantial number of residents over 55, indicating a potentially aging population. The... Read more
Race Distribution in Montmorency County, Michigan (2022)
Educational Attainment in Montmorency County, Michigan (2022)
Age Distribution in Montmorency County, Michigan
Citizen Population in Montmorency County, Michigan (2022)
Political Trends & Data
In Montmorency County, Michigan, the Republican Party appears to significantly dominate the political landscape, securing around 71% of the votes in the 2020 U.S. Presidential Election. Such a pronounced conservative voter base might influence local and state elections, shaping policy decisions in ways that reflect traditional conservative... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Montmorency County, Michigan, the Republican Party likely dominates the political landscape with about 71% of the votes in the 2020 U.S. Presidential Election. Democrats appear to have secured close to 28%, with minor parties like Libertarians and Greens receiving less than 1%. Such a significant leaning toward Republicans may suggest a strongly conservative voter base in this region, impacting local and state elections and potentially shaping policy decisions reflective of conservative values.
71.19% of voters voted for the Republican party in the 2020 Presidential Election
27.79% of voters voted for the Democrat party in the 2020 Presidential Election
0.19% of voters voted for the Livertarian party in the 2020 Presidential Election
0.19% of voters voted for the Green party in the 2020 Presidential Election
0.65% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Montmorency County, Michigan has experienced a notable shift in its student-to-teacher ratio, decreasing from a peak of 16.84 in 2017 to approximately 14 in 2023. This alignment with the national average might signal improved educational resources or demographic changes, enhancing the county's appeal to families focused on education. Such trends could suggest better school performance and potentially rising property values, with implications for real estate investors,... Read more
Student-to-teacher ratio in Montmorency County, Michigan over the last 10 years
Over the last decade, the student-to-teacher ratio in Montmorency County, Michigan has mostly hovered above the national average of 14 students per teacher, peaking at 16.84 in 2017. However, a notable decrease to approximately 14 in 2023 puts the county in alignment with the national benchmark. This shift could be indicative of improved educational resources or demographic changes, potentially making the area more appealing to families prioritizing education. For investors and real estate agents, such trends may suggest better school performance and increased property values, while insurance agents and appraisers might see changing risk profiles and value assessments due to fluctuating population densities.
