Oceana County Real Estate and Livability Trends
In Oceana County, Michigan, the real estate landscape reveals some intriguing trends. The median home value climbed by approximately 45.58% from $104,200 in 2015 to $151,700 in 2022, even as Michigan overall witnessed a rise of around 64.23%. This comparatively modest yet substantial growth indicates a market that's appealingly priced. The significant increase in average residential energy tax... Read more
Oceana County Market Trends
Over the past eight years, Oceana County, Michigan, has watched its median home value climb by about 45.58%, from $104,200 in 2015 to $151,700 in 2022. Compared to Michigan's overall rise of approximately 64.23%, Oceana offers a more moderately priced housing market that remains appealing. Interesting spikes in average residential energy tax credits, like the $2233.33 claim in 2018, suggest... Read more
Median Value of Occupied Housing Units in Oceana County, Michigan Over the Last 8 Years
Over the past eight years, Oceana County, Michigan, has seen its median home value rise from $104,200 in 2015 to $151,700 in 2022. This substantial growth—about 45.58%—indicates a strengthening real estate market potentially driven by increasing demand and limited supply. In comparison, Michigan's median home value increased from $122,400 to $201,100 in the same period, a sharper rise of approximately 64.23%, and the national median home value went from $125,500 to $179,400, growing by 42.94%. Despite Oceana County's lower starting point and relatively modest growth, it's an attractive option for those looking to invest in or move to a more modestly priced housing market that still shows signs of robust appreciation.
Residential Energy Tax Credit Per Tax Return in Oceana County, MI Over the Last 9 Years
Over the last nine years, Oceana County, Michigan has seen fluctuations in the average residential energy tax credits claimed per tax return. The data reveals notable spikes, particularly in 2018 with an average of $2233.33, and a steady but variable increase in the surrounding years. Such trends indicate increasing investments in residential energy efficiency, making this a potentially attractive market for energy-conscious home buyers and real estate investors. Understanding these patterns can also assist appraisers and insurers in assessing property values and risks linked to energy-efficient upgrades.
Average Real Estate Taxes Per Tax Return in Oceana County, MI Over the Last 10 Years
Oceana County, Michigan has experienced a noticeable increase in average real estate taxes per tax return over the past decade. Starting at around $3,165.58 in 2012, the figure has surged to roughly $5,908.82 by 2021. This upward trend appears to have accelerated particularly between 2017 and 2018, where it jumped significantly. For potential investors, homeowners, and real estate professionals, this could signal rising property values and changing economic conditions in the area, impacting decisions related to purchasing, selling, and insuring properties.
Percentage of Farm Returns in Oceana County, MI Over the Last 10 Years
Over the last 10 years, the percentage of farm tax returns in Oceana County, Michigan has gradually declined, from about 4.13% in 2012 to roughly 3.14% in 2021. This trend might be indicative of a shrinking agricultural sector or a possible shift toward other industries. Understanding these changes can be crucial for those looking to invest, move, or build property here, as it provides insight into economic transformations that could affect land values, local employment opportunities, and community resources.
Number of Mortgages by Occupancy Type in Oceana County, MI Over the Last 5 Years in Oceana County
Oceana County, Michigan, has experienced fluctuations in mortgage numbers across different occupancy types over the last five years. Principal residences saw the most significant activity, especially in 2020 and 2021, likely influenced by changing market conditions or economic factors. The number of second residences peaked in 2020, suggesting a possible trend in people seeking vacation homes or secondary properties. Investment properties remained relatively stable, with minor variations, indicating a consistent but limited interest in real estate investments. For potential investors, buyers, and stakeholders, these trends could signal the relative stability and attractiveness of principal residences in the county, which might affect appraisals, insurance rates, and development planning.
Economic Outlook
The average taxable income per tax return in Oceana County, Michigan, has shown a notable increase over the past nine years, starting at $41,618.67 in 2013 and reaching $62,416.76 in 2021. State and local income taxes have seen dramatic fluctuations, with a notable peak at $19,724.24 in 2021. Additionally, the average total tax liability per tax return, peaking at $9,646.86 in 2021, suggests varying economic and policy shifts. This evolving financial climate could attract investor interest and... Read more
Average Taxable Income per Tax Return in Oceana County, MI over the last 9 years
Over the past nine years, Oceana County, Michigan, has shown a steady increase in average taxable income per tax return. Starting at $41,618.67 in 2013, the average saw gradual rises, hitting $47,220.42 by 2017 and $49,406.07 in 2018. Notably, the figure jumped significantly to $62,416.76 in 2021. This upward trend could signal a growing economy and potentially increasing property values, making it a possible area of interest for investors and real estate agents. Such income growth might also impact insurance rates, property appraisals, and real estate market strategies.
Average State and Local Income Taxes Per Tax Return in Oceana County, MI Over the Last 10 Years
Oceana County, Michigan, has seen noticeable fluctuations in state and local income taxes per tax return over the last decade. After steadily increasing from $4,203.33 in 2012 to $5,685.29 in 2017, a sharp spike occurred in 2018, with taxes soaring to $10,131.43. Though there was a slight dip in 2019, values trended upwards again to reach an alarming $19,724.24 in 2021. These dramatic changes might suggest broader economic shifts or policy changes impacting local taxpayers. This evolving tax landscape could be highly relevant for potential investors, property developers, and those considering a move to the county.
Average Total Tax Liability Per Tax Return in Oceana County, MI Over the Last 10 Years
Over the past decade, the average total tax liability per tax return in Oceana County, Michigan, saw substantial variability, peaking at $9,646.86 in 2021. The lowest point was in 2012 with an average of $6,368.68, implying a potential growth trend with some fluctuations. This could hint at changes in income levels, property values, or economic factors affecting taxpayers. For real estate agents, appraisers, or those planning to move or invest, understanding these trends can provide insight into the county's fiscal environment and possibly predict future financial landscapes.
Cost of Living in Oceana County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,031 | $1,347 | $1,746 | $1,197 | $1,055 |
| 1 adult 4 children | $1,031 | $1,100 | $1,334 | $1,197 | $1,145 |
| 2 adults 3 children | $1,031 | $1,101 | $1,515 | $1,197 | $870 |
| 1 adult 3 children | $1,031 | $898 | $1,103 | $1,197 | $934 |
| 2 adults 2 children | $836 | $901 | $1,285 | $1,037 | $804 |
| 1 adult 2 children | $836 | $673 | $873 | $1,037 | $727 |
| 2 adults 1 child | $836 | $712 | $1,054 | $519 | $738 |
| 1 adult 1 child | $836 | $460 | $642 | $519 | $615 |
| 2 adults | $635 | $572 | $824 | $0 | $627 |
| 1 adult | $613 | $312 | $412 | $0 | $528 |
Safety trends & Data
Oceana County, Michigan, has seen varied property crime rates over the last five years. Larceny-theft hit a peak with 34 incidents in 2022, highlighting a possible need for better security. Burglary rates had dropped to 4 in 2019 and 2020 but then rose to 11 in 2022. Arson was newly recorded in 2022 with 2 cases. These fluctuations could impact property values and insurance costs, making them pertinent for investors and potential residents to... Read more
Property Crime Trends in Oceana County, MI Over the Last 5 Years
Oceana County, Michigan, sees fluctuations in property crime rates over the last five years. Trends show that larceny-theft peaks in 2022 with 34 incidents, suggesting a need for increased security measures. Burglary incidents saw significant changes, dropping to 4 in 2019 and 2020, but rising again to 11 in 2022. A noticeable addition is arson, recorded only in 2022 with 2 cases. Investors, potential residents, and real estate professionals should factor in these crime variations when assessing property values and potential insurance costs.
Demographics
Oceana County, Michigan shows a gender split with roughly equal populations of males and females. When it comes to educational attainment, a significant portion of adults are high school graduates, while college degrees are relatively less common. The age distribution leans towards an older population, with a noticeable number of residents in the 55 to 64 years bracket. Racially, the county is predominantly White, with other racial groups making up very small percentages of the population.... Read more
Race Distribution in Oceana County, Michigan (2022)
Educational Attainment in Oceana County, Michigan (2022)
Age Distribution in Oceana County, Michigan
Citizen Population in Oceana County, Michigan (2022)
Political Trends & Data
Oceana County, Michigan, tends to lean heavily Republican, with around 63.00% of the votes in the 2020 U.S. Presidential Election. Democrats secured close to 35.00%, and third-party candidates, including Libertarian and Green parties, collectively received just over 1.50%. This voting pattern suggests a dominant conservative presence in the county, with minor third-party... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oceana County, Michigan, might lean predominantly towards the Republican party, with roughly 63% of the vote in the 2020 U.S. Presidential Election. Democrats seemed to gather around 35%, while minor parties, including the Libertarian and Green parties, collectively garnered just over 1.5%. This distribution could hint at a strong conservative presence with limited influence from third-party candidates.
63.23% of voters voted for the Republican party in the 2020 Presidential Election
35.16% of voters voted for the Democrat party in the 2020 Presidential Election
1.18% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.25% of voters voted for the Other party in the 2020 Presidential Election
School Data
Oceana County, Michigan's student-to-teacher ratio fluctuated in the last decade, dropping from around 17 in 2014 to 13 in 2018, before rising to stabilize at approximately 16. Despite just leveling out, it still might be higher than the U.S. national average of 14. This might imply a potentially higher demand on teachers, potentially affecting educational quality and teacher retention. For real estate professionals, this could influence housing market trends, community growth, and overall... Read more
Student-to-teacher ratio in Oceana County, Michigan over the last 10 years
Oceana County, Michigan's student-to-teacher ratio has fluctuated over the last decade. The ratio notably dropped from around 17 students per teacher in 2014 to a low of 13 in 2018, before rising again to approximately 16 in 2020 and stabilizing around 16 students per teacher in recent years. Despite these changes, the current ratio is still higher than the U.S. national average of 14 students per teacher. This could suggest a relatively higher demand on teachers in the area, which might impact educational quality, affect teacher retention, and influence family decisions on settling in the county. For investors and real estate agents, understanding these dynamics is crucial, as they could affect housing market trends, community growth, and overall quality of life in Oceana County.
