Newaygo County Real Estate and Livability Trends
Newaygo County, Michigan's real estate market reveals an intriguing story for prospective buyers and investors. Median home values have surged from $101,500.00 in 2015 to $165,000.00 in 2022, highlighting an affordable yet upwardly mobile market compared to broader state trends. Property taxes have climbed to $5,104.76 in 2021, likely due to increased property values or tax rate adjustments,... Read more
Newaygo County Market Trends
Over the past eight years, Newaygo County, Michigan, has seen median home values rise from $101,500.00 in 2015 to $165,000.00 in 2022, which, while lower than the state's growth, presents an appealing affordability for potential buyers. The county’s average real estate taxes have notably increased, reaching $5,104.76 in 2021, possibly reflecting rising property values or tax rate changes.... Read more
Median Value of Occupied Housing Units in Newaygo County, Michigan Over the Last 8 Years
Over the past 8 years, median home values in Newaygo County, Michigan have experienced a steady upward trend, with a significant increase from $101,500.00 in 2015 to $165,000.00 in 2022. While these values trail behind Michigan's statewide median value growth from $122,400.00 in 2015 to $201,100.00 in 2022, they present an increasingly attractive option for potential homeowners and investors seeking more affordable property in Michigan compared to national trends. Nationally, home values also rose, but slower, from $125,500.00 in 2015 to $179,400.00 in 2022. The evident growth in property value underscores rising demand and investment potential in Newaygo County specifically.
Residential Energy Tax Credit Per Tax Return in Newaygo County, MI Over the Last 9 Years
Newaygo County, Michigan, has seen significant fluctuations in the average residential energy tax credit per tax return over the past nine years. The credit spiked notably in 2018, reaching an average of $2240.00, indicating major investments in energy efficiency that year. Subsequent years suggest a less dramatic but relatively high level of credits, averaging above $688.57 since 2019. This trend may point to growing incentives and increasing attention towards energy-efficient home improvements, which could be attractive to investors, homeowners, and builders considering eco-friendly developments in the region.
Average Real Estate Taxes Per Tax Return in Newaygo County, MI Over the Last 10 Years
Over the past decade, Newaygo County, Michigan has seen a significant upward trend in average real estate taxes per tax return, increasing from $2,652.97 in 2012 to $5,104.76 in 2021. This gradual yet notable rise, especially sharp between 2017 and 2018, may suggest growing property values or tax rate adjustments, a point of interest for potential investors and real estate agents. Appraisers and insurance agents might also find it relevant to consider these rising costs when evaluating property values and premiums in the area.
Percentage of Farm Returns in Newaygo County, MI Over the Last 10 Years
Newaygo County, Michigan has seen a slight decline in the percentage of farm returns over the past decade. In 2012, around 2.93% of returns were farm-related, which gradually decreased to approximately 2.39% by 2021. This trend suggests a modest but steady reduction in farm-based tax filings, which might imply a shift in economic activities or land use within the county. These numbers could be pivotal for those interested in the agricultural prospects or broader economic shifts in the area.
Number of Mortgages by Occupancy Type in Newaygo County, MI Over the Last 5 Years in Newaygo County
Newaygo County, Michigan has experienced fluctuations in mortgage types over the last five years, with principal residence mortgages generally increasing, peaking in 2021, and then slightly dipping in 2022. Investment property mortgages have remained relatively stable, while second residence mortgages saw a notable peak in 2020 before decreasing. These trends can provide valuable insights for investors and real estate agents when considering market stability and demand shifts. Changes in occupancy types might hint at demographic shifts, economic conditions, or local policy changes which could influence future property values, insurance rates, and development opportunities.
Economic Outlook
Newaygo County, Michigan, has seen a gradual rise in average taxable income, from $43,380.27 in 2013 to approximately $58,513.82 in 2021, suggesting a possibly growing local economy. Alongside this, average state and local income taxes per tax return have substantially increased, notably jumping from $8,508.77 in 2020 to $10,245.00 in 2021, hinting at rising incomes or tax changes. Additionally, the average total tax liability per tax return climbed from $5,891.06 in 2012 to $8,084.89 in 2021,... Read more
Average Taxable Income per Tax Return in Newaygo County, MI over the last 9 years
Over the past nine years in Newaygo County, Michigan, the average taxable income per tax return has shown a consistent upward trend, increasing from $43,380.27 in 2013 to approximately $58,513.82 in 2021. This gradual rise in taxable income could suggest a growing local economy, which may be of interest to potential investors, property developers, real estate agents, and those considering a move to the area. This pattern could also impact appraisals and insurance rates, reflecting the economic vitality of Newaygo County.
Average State and Local Income Taxes Per Tax Return in Newaygo County, MI Over the Last 10 Years
Newaygo County, Michigan has witnessed a substantial increase in average state and local income taxes per tax return over the past decade. In 2012, the average was around $3,977.69, but by 2021, it had escalated to $10,245.00. Noteworthy jumps occurred between 2017 and 2018, from approximately $5,291.09 to $7,556.06, and another significant rise from 2020's $8,508.77 to 2021's $10,245.00. These trends could point to rising incomes or changes in tax legislation, which potential investors and residents should consider when evaluating the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Newaygo County, MI Over the Last 10 Years
Newaygo County, Michigan has experienced a noticeable increase in average total tax liability per tax return over the past decade, jumping from $5,891.06 in 2012 to $8,084.89 in 2021. While there were minor dips in 2018 and 2019, the overall trend showcases a significant upward movement. This could be indicative of rising property values, growing incomes, or changes in tax structures. For prospective investors and real estate agents, it suggests a potentially more affluent population, although appraisers and insurance agents might see this as a sign of escalating property costs and tax obligations.
Cost of Living in Newaygo County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,087 | $1,311 | $1,644 | $1,205 | $1,019 |
| 1 adult 4 children | $1,087 | $1,071 | $1,255 | $1,205 | $1,115 |
| 2 adults 3 children | $1,087 | $1,071 | $1,427 | $1,205 | $849 |
| 1 adult 3 children | $1,087 | $874 | $1,039 | $1,205 | $912 |
| 2 adults 2 children | $864 | $877 | $1,211 | $1,044 | $779 |
| 1 adult 2 children | $864 | $655 | $822 | $1,044 | $704 |
| 2 adults 1 child | $864 | $693 | $994 | $522 | $717 |
| 1 adult 1 child | $864 | $448 | $605 | $522 | $600 |
| 2 adults | $656 | $557 | $778 | $0 | $610 |
| 1 adult | $578 | $304 | $389 | $0 | $505 |
Safety trends & Data
Property crime trends in Newaygo County, Michigan have seen some interesting changes. Larceny-theft incidents peaked at 84.00 in 2018 but dropped dramatically to 14.00 in 2021, settling at 19.00 in 2022. Burglary decreased significantly, from 13.00 in 2018 to just 1.00 in 2021, with a slight increase to 7.00 in 2022. Vandalism remained relatively stable, and motor vehicle theft rarely exceeded single digits. These stats are crucial for investors, real estate agents, and residents looking at... Read more
Property Crime Trends in Newaygo County, MI Over the Last 5 Years
Property crime in Newaygo County, Michigan has shown notable fluctuations over the past five years. Larceny-theft incidents were the most prevalent, peaking at 84.0 in 2018 and dropping dramatically to 14.0 in 2021 before settling at 19.0 in 2022. Burglary saw a significant decrease, from 13.0 in 2018 to just 1.0 in 2021, with a slight increase to 7.0 in 2022. Vandalism remained relatively stable, with minor variances each year. Motor vehicle theft rarely exceeded single digits, maintaining a low profile. These trends might be of interest for potential investors, real estate agents, and residents who are assessing property security and neighborhood safety.
Demographics
Newaygo County, Michigan, has a fairly balanced adult population in terms of gender, with a slight majority of males. Educational attainment varies, with the majority being high school graduates, but a notable portion having some college experience or higher degrees, hinting at an educated workforce. Age distribution shows a significant segment of the population over 55, which could have implications for healthcare and retirement services. Racial demographics reflect a predominantly White... Read more
Race Distribution in Newaygo County, Michigan (2022)
Educational Attainment in Newaygo County, Michigan (2022)
Age Distribution in Newaygo County, Michigan
Citizen Population in Newaygo County, Michigan (2022)
Political Trends & Data
In Newaygo County, Michigan, the 2020 U.S. Presidential Election results suggested a strong Republican leaning, with the party securing around 69.40% of the vote. Democrats captured close to 28.90%, indicating a significant gap between the two major parties. The minimal role of smaller parties, collectively amassing less than 2%, reflects a broader trend favoring conservative policies and candidates. This political climate might influence public policy and local government decisions,... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Newaygo County, Michigan, the 2020 U.S. Presidential Election results potentially revealed a strong Republican leaning, with the party possibly securing around 69.4% of the vote. Democrats might have captured close to 28.9%, which could indicate a significant gap between the two major parties. The Libertarian and Green parties, as well as other smaller parties, seemed to play a minimal role, collectively amassing possibly less than 2% of the total vote. This disparity might reflect a broader trend in the region favoring conservative policies and candidates.
69.43% of voters voted for the Republican party in the 2020 Presidential Election
28.99% of voters voted for the Democrat party in the 2020 Presidential Election
1.22% of voters voted for the Livertarian party in the 2020 Presidential Election
0.21% of voters voted for the Green party in the 2020 Presidential Election
0.16% of voters voted for the Other party in the 2020 Presidential Election
School Data
Newaygo County, Michigan's student-to-teacher ratio has typically been above the national average, peaking at over 20 students per teacher in 2014 and returning to similar levels in 2023 after some fluctuations. This trend may imply high classroom density, potentially affecting the quality of education. For those investing in local real estate or planning to move, this could highlight a need for additional educational resources or new teaching initiatives. Real estate professionals might find... Read more
Student-to-teacher ratio in Newaygo County, Michigan over the last 10 years
Newaygo County, Michigan's student-to-teacher ratio has generally trended above the national average, coming in at over twenty students per teacher in 2014 and surging back to a similar level in 2023 after slight fluctuations. This could suggest a relatively high classroom density, thereby potentially impacting the quality of individual attention students receive. For those considering investment in local education or planning to move to the area, these dynamics may indicate a need for more educational resources or new teaching initiatives. Real estate agents and investors might find potential opportunities in addressing these educational resource gaps, while appraisers and insurance agents could see variations in property values and risks associated with school districts.
