Muskegon County Real Estate and Livability Trends
Muskegon County, Michigan, has experienced a rise in average taxable income from $42,774.04 in 2013 to $60,150.32 in 2021, suggesting potential economic expansion. Median home values surged from $99,000 in 2015 to $162,300 in 2022, trailing slightly behind the statewide increase to $201,100. Rising real estate taxes, now at $6,213.56, and increased attention to energy-efficient home improvements... Read more
Muskegon County Market Trends
Muskegon County's median home values have surged from $99,000 in 2015 to $162,300 in 2022, outpacing national growth and trailing slightly behind Michigan's state-wide increase of $201,100. Residential energy tax credits per tax return have risen significantly, peaking at $2064.29 in 2018, highlighting a growing focus on energy-efficient home improvements. Average real estate taxes have more than... Read more
Median Value of Occupied Housing Units in Muskegon County, Michigan Over the Last 8 Years
Muskegon County's median home values have seen a significant rise from $99,000 in 2015 to $162,300 in 2022. This surge outpaces the national growth and averages lower than Michigan's state-wide increase, which peaked at $201,100 in 2022. For potential investors and future residents, this trend could imply a rapidly appreciating real estate market with potential for value growth, especially when compared to broader state and national trends.
Residential Energy Tax Credit Per Tax Return in Muskegon County, MI Over the Last 9 Years
Over the past nine years, Muskegon County, Michigan has shown a significant increase in residential energy tax credits per tax return, peaking in 2018 at $2064.29. Despite this peak, the average values have generally been on a rising trend, with recent figures like $536.00 in 2020 and $652.02 in 2021. This suggests a growing emphasis on energy-efficient home improvements, potentially making the area more attractive for those interested in sustainability. Such trends could be important for investors, homebuilders, and real estate agents focusing on eco-friendly properties and might influence property values and insurance rates in the local market.
Average Real Estate Taxes Per Tax Return in Muskegon County, MI Over the Last 10 Years
Muskegon County, Michigan has seen a consistent rise in average real estate taxes per tax return over the past decade. This increase, starting from $2,874.18 in 2012 and reaching $6,213.56 in 2021, suggests a significant growth in property value and possibly an escalating demand for housing in the area. For those eyeing investments or property development, these trends signal a potentially appreciating market. However, for current residents and insurance agents, the rising taxes necessitate careful financial planning. Real estate agents would likely find this data crucial for advising clients, illustrating both the upward trend in property worth and the corresponding tax implications.
Percentage of Farm Returns in Muskegon County, MI Over the Last 10 Years
Over the past decade, Muskegon County, Michigan has seen a gradual decline in the percentage of farm tax returns, dropping from 0.54% in 2012 to a low of 0.39% in 2020 before a slight uptick to 0.41% in 2021. This trend might indicate shifts in the local agricultural economy, potentially affecting land use and property investments. Understanding these changes matters for those considering investing in or building property in the area, as it could also influence the local economy and real estate market dynamics.
Number of Mortgages by Occupancy Type in Muskegon County, MI Over the Last 5 Years in Muskegon County
In Muskegon County, Michigan, mortgage counts for principal residences have generally seen an upward trend, peaking at over 12,000 in 2021 before dropping slightly in recent years. Investment properties and second residences have considerably lower volumes, but notable shifts are apparent—investment property mortgages slightly increased, whereas second residences remained relatively stable. These fluctuations in occupancy type can influence local market dynamics, providing cues on resident stability and investment potential. Understanding these trends could be crucial for real estate agents, appraisers, and potential investors looking to gauge the area's economic vitality and housing demands.
Economic Outlook
Muskegon County, Michigan has seen a notable rise in average taxable income per tax return over the past nine years, reaching $60,150.32 in 2021, up from $42,774.04 in 2013. This suggests a potentially expanding local economy. Meanwhile, state and local income taxes per tax return have also climbed, hitting $11,478.63 in 2021 from $4,430.10 in 2012, indicating a higher financial burden on residents that could impact cost of living assessments. The total tax liability per tax return rose... Read more
Average Taxable Income per Tax Return in Muskegon County, MI over the last 9 years
Muskegon County, Michigan has experienced a notable upward trend in average taxable income per tax return over the past nine years, with a particularly sharp rise observed in 2021, hitting $60,150.32. This growth, steadily climbing from $42,774.04 in 2013, indicates a potentially expanding local economy and increasing affluence among residents. Such data can imply opportunities for real estate investment, higher property values, and a possibly evolving landscape for appraisers and insurance agents.
Average State and Local Income Taxes Per Tax Return in Muskegon County, MI Over the Last 10 Years
Over the last decade, state and local income taxes per tax return in Muskegon County, Michigan have shown a distinct upward trend, starting at $4430.10 in 2012 and reaching $11478.63 in 2021. Noticeable spikes occurred post-2017, with a significant leap in 2018 to $8591.24 and peaking at $10643.51 in 2019. This trend suggests that the financial burden on taxpayers has increased substantially, which may influence investment decisions, cost of living evaluations, and long-term planning for residents or potential newcomers to the area.
Average Total Tax Liability Per Tax Return in Muskegon County, MI Over the Last 10 Years
Over the past decade, Muskegon County, Michigan, has experienced a noticeable upward trend in average total tax liability per tax return. The most dramatic increase occurred between 2020 and 2021, where liabilities jumped to $8,813.53. This surge could signal economic growth or changes in income patterns that potential investors, property builders, or real estate agents might find enticing. For those considering a move to the area, understanding these shifts in tax liabilities may offer valuable insight into the local economic climate and fiscal policies.
Cost of Living in Muskegon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,242 | $1,379 | $1,555 | $1,603 | $1,158 |
| 1 adult 4 children | $1,242 | $1,126 | $1,195 | $1,603 | $1,284 |
| 2 adults 3 children | $1,242 | $1,127 | $1,346 | $1,603 | $976 |
| 1 adult 3 children | $1,242 | $920 | $986 | $1,603 | $1,081 |
| 2 adults 2 children | $993 | $922 | $1,138 | $1,398 | $865 |
| 1 adult 2 children | $993 | $689 | $778 | $1,398 | $828 |
| 2 adults 1 child | $993 | $729 | $929 | $734 | $771 |
| 1 adult 1 child | $993 | $471 | $569 | $734 | $659 |
| 2 adults | $764 | $586 | $720 | $0 | $594 |
| 1 adult | $672 | $319 | $360 | $0 | $499 |
Safety trends & Data
Muskegon County, Michigan's fluctuating property crime rates provide key insights for investors and developers. Larceny-theft, consistently the highest, saw a notable drop from 463 in 2018 to 392 in 2022. Burglary incidents also declined, from 58 in 2018 to 39 by 2022, while vandalism stayed steady at around 70-80 incidents per year. Fraud decreased significantly from 88 in 2018 to 53 in 2022, and motor vehicle theft rose to 36 in 2022. Understanding these trends can be crucial for assessing... Read more
Property Crime Trends in Muskegon County, MI Over the Last 5 Years
Muskegon County, Michigan has experienced fluctuating property crime rates over the past five years. Larceny-theft consistently holds the highest figures, peaking at 463 in 2018 and slightly lowering to 392 by 2022. Burglary and vandalism also show noticeable trends, with burglary dropping from 58 in 2018 to 39 in 2022, and vandalism remaining relatively steady around 70-80 incidents annually. Fraud has seen a decline from 88 in 2018 and 2019 to 53 in 2022. Motor vehicle theft, though initially low, increased to 36 in 2022. This data is crucial for potential investors, property developers, and residents looking to understand the crime landscape and its implications on property values and insurance premiums.
Demographics
Muskegon County, Michigan, exhibits a relatively balanced gender ratio among its adult population, with males and females numbering near equally. Educationally, the majority have completed high school or have some college experience, while around a quarter hold a college degree or higher. Age-wise, the most significant population segments are spread across ages 25 to 64, indicating a robust working-age demographic. Racially, the county is predominantly White, with Black or African American... Read more
Race Distribution in Muskegon County, Michigan (2022)
Educational Attainment in Muskegon County, Michigan (2022)
Age Distribution in Muskegon County, Michigan
Citizen Population in Muskegon County, Michigan (2022)
Political Trends & Data
Muskegon County, Michigan showcased a nearly even split in the 2020 U.S. Presidential Election, with Democrats seemingly edging out Republicans by a slim margin. The slight presence of third-party votes hints at some interest beyond the two main parties, reflecting a politically diverse landscape. This close competition could lead to intense efforts by both major parties to sway the county's... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Muskegon County, Michigan, displayed a nearly even split in the 2020 U.S. Presidential Election, with Democrats possibly edging out Republicans by a slight margin. The presence of third-party votes, while minor, indicates some voter interest outside the two main parties. This close competition suggests a diverse political landscape with a potential for both major parties to vie intensely for influence.
48.82% of voters voted for the Republican party in the 2020 Presidential Election
49.37% of voters voted for the Democrat party in the 2020 Presidential Election
1.32% of voters voted for the Livertarian party in the 2020 Presidential Election
0.29% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
Muskegon County, Michigan, has seen changes in its student-to-teacher ratio over the last decade, ranging from a high of 21 in 2015 to a low of 17 in 2021. With class sizes generally larger than the national average of 14, this ratio points to potential impacts on student attention and educational quality. The drop in ratios over recent years suggests potential improvements in school conditions, providing valuable insights for investors and homebuyers about the local education landscape and the... Read more
Student-to-teacher ratio in Muskegon County, Michigan over the last 10 years
Over the last decade, Muskegon County, Michigan has shown fluctuations in its student-to-teacher ratio, varying from a high of 21 in 2015 to a low of 17 in 2021. Compared to the national average of 14 students per teacher, Muskegon County tends to have larger class sizes, which might impact the individual attention students receive. These changes are useful for prospective investors, real estate agents, and anyone looking to move to the area as they indicate local educational resources. Lower ratios in the past few years could hint at improving conditions in schools, while fluctuations suggest varying educational funding or policy changes. Understanding these dynamics can aid in decisions regarding property values, school funding proposals, and community support initiatives.
