Ogemaw County Real Estate and Livability Trends
Ogemaw County, Michigan, has seen a notable increase in both median home values, which climbed from $86,900 in 2015 to $125,300 in 2022, and energy tax credits, which peaked at $688.24 in 2020. Despite steady real estate tax hikes, farm returns have been relatively stable. Mortgage activity has been variable with a notable peak for principal residences in 2021. Meanwhile, rising average taxable... Read more
Ogemaw County Market Trends
Median home values in Ogemaw County, Michigan have risen from $86,900 in 2015 to $125,300 in 2022, suggesting a steady yet slower growth compared to statewide and national increases. Energy tax credits spiked, especially from $231.03 in 2013 to $688.24 in 2020, hinting at a rising interest in energy-efficient home upgrades. Average real estate taxes rose significantly from $2,257.69 in 2012,... Read more
Median Value of Occupied Housing Units in Ogemaw County, Michigan Over the Last 8 Years
Median home values in Ogemaw County, Michigan, have consistently increased over the past 8 years, rising from $86,900 in 2015 to $125,300 in 2022. This growth trend in Ogemaw County, while impressive, is occurring at a slower pace compared to the state of Michigan, which saw its median values climb from $122,400 in 2015 to $201,100 in 2022. National median home values also trended upwards, starting at $125,500 in 2015 and reaching $179,400 by 2022. For investors or those looking to move to Ogemaw County, this relatively affordable upward trajectory might indicate a growing market with potential for appreciation, contrasting with the much steeper increases seen at the state and national levels.
Residential Energy Tax Credit Per Tax Return in Ogemaw County, MI Over the Last 8 Years
Over the last eight years, Ogemaw County, Michigan has experienced fluctuations in the average residential energy tax credit per tax return, notable for its sharp increase from $231.03 in 2013 to a peak of $688.24 in 2020. This pattern may suggest increasing investments in energy-efficient home improvements, potentially influenced by evolving economic conditions or policy changes. For real estate agents, appraisers, and prospective homeowners, this trend could indicate a growing emphasis on energy-efficient properties, possibly affecting market values and insurance considerations. Investors and builders might find these insights useful for strategic planning in the region.
Average Real Estate Taxes Per Tax Return in Ogemaw County, MI Over the Last 10 Years
Ogemaw County, Michigan has seen a significant increase in average real estate taxes per tax return over the past decade. From $2257.69 in 2012, taxes have steadily climbed, peaking at $3458.33 in 2019. Despite a slight dip in 2021 to $3300.00, this trend is indicative of rising property values or increased tax rates. This could be a key consideration for potential investors, homeowners, and real estate professionals assessing the economic climate and financial obligations of owning property in the area.
Percentage of Farm Returns in Ogemaw County, MI Over the Last 10 Years
Over the last decade, Ogemaw County, Michigan has seen fluctuating but generally stable rates of farm returns, beginning at 2.22% in 2012 and slightly decreasing to 1.89% by 2021. This gentle downward trend suggests some variability within the agricultural sector, though it retains overall steadiness. Farm tax returns are critical as they are indicative of agricultural profitability and the economic health of farming in the area, which can impact real estate prices and local investment opportunities. For those considering moving to or investing in Ogemaw County, the relative stability in farm returns points to a resilient agricultural base, albeit with minor declines that could be a consideration for future planning.
Number of Mortgages by Occupancy Type in Ogemaw County, MI Over the Last 5 Years in Ogemaw County
Over the last five years, Ogemaw County, Michigan has seen a notable fluctuation in the number of mortgages across different occupancy types. Mortgages for principal residences peaked in 2021 with 867 recorded, indicating significant activity in the local housing market. Although investment property mortgages have remained relatively low, hovering around 15 to 31 each year, the most considerable variations are seen in second residences, which reached their highest in 2020 at 299 and have since tapered off to 168 in 2022. Investors, real estate agents, and appraisers might find these trends illuminating as they highlight shifting priorities and economic conditions that could affect property values, insurance needs, and overall market stability in the region.
Economic Outlook
In Ogemaw County, Michigan, the average taxable income per tax return has risen from $36,883.12 in 2013 to $50,711.20 in 2021, hinting at a potentially growing local economy. This trend may attract investors and new residents, impacting property values and insurance premiums. Additionally, the average state and local income taxes have jumped from $3,602.34 in 2012 to $6,855.56 in 2021, which could reflect rising incomes and improved local amenities. The average total tax liability per tax... Read more
Average Taxable Income per Tax Return in Ogemaw County, MI over the last 9 years
Ogemaw County, Michigan has seen a steady increase in the average taxable income per tax return over the last nine years, rising from approximately $36,883.12 in 2013 to around $50,711.20 in 2021. This upward trend may indicate a potentially growing local economy, making the area more attractive to investors and new residents. Real estate agents and insurance agents might find this information crucial as it could affect property values and insurance premiums. For those thinking of building property or moving here, the increase in taxable income suggests a community that is economically strengthening, albeit modestly.
Average State and Local Income Taxes Per Tax Return in Ogemaw County, MI Over the Last 10 Years
Ogemaw County, Michigan has seen a steady increase in average state and local income taxes per tax return over the past decade. Starting at $3,602.34 in 2012, the amount more than doubled to $6,855.56 by 2021. This upward trend could be crucial for potential investors and property developers, indicating robust growth and possibly reflecting an increase in average incomes or improved local amenities that justify higher tax rates. For residents and those looking to move to the area, it's important to take into account these rising taxes when considering cost of living and overall financial planning.
Average Total Tax Liability Per Tax Return in Ogemaw County, MI Over the Last 10 Years
Over the last decade, Ogemaw County in Michigan has seen a notable rise in the average total tax liability per tax return. Starting at $4,931.33 in 2012, this figure has generally increased year over year, peaking at $6,684.29 in 2021. This upward trend could indicate rising incomes, changes in tax policy, or economic growth in the region, and might be a relevant point of interest for investors, property builders, real estate agents, appraisers, and insurance agents considering this area.
Cost of Living in Ogemaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,012 | $1,311 | $1,678 | $1,165 | $1,000 |
| 1 adult 4 children | $1,012 | $1,071 | $1,282 | $1,165 | $1,089 |
| 2 adults 3 children | $1,012 | $1,071 | $1,457 | $1,165 | $831 |
| 1 adult 3 children | $1,012 | $874 | $1,060 | $1,165 | $879 |
| 2 adults 2 children | $826 | $877 | $1,236 | $1,010 | $771 |
| 1 adult 2 children | $826 | $655 | $839 | $1,010 | $689 |
| 2 adults 1 child | $826 | $693 | $1,014 | $505 | $710 |
| 1 adult 1 child | $826 | $448 | $618 | $505 | $590 |
| 2 adults | $731 | $557 | $793 | $0 | $634 |
| 1 adult | $613 | $304 | $397 | $0 | $510 |
Safety trends & Data
In Ogemaw County, Michigan, property crime trends have shown notable fluctuations over the past five years. Larceny-theft peaked at 84.00 in 2019, plummeted to 31.00 in 2020, and then rebounded to 68.00 the following year. Fraud cases saw a dramatic decline from 44.00 in 2018 to just 3.00 in 2020, before rising again to 27.00 in 2021. Embezzlement showed sporadic spikes, with a notable 9.00 cases in 2020. Despite the variability in theft and fraud, burglary and vandalism remained relatively... Read more
Property Crime Trends in Ogemaw County, MI Over the Last 5 Years
In Ogemaw County, Michigan, property crime data over the past five years suggests fluctuating trends with significant annual variations. Larceny-theft consistently topped the charts, peaking at a value of 84.0 in 2019 before dropping to 31.0 in 2020, then bouncing back to 68.0 the following year. Fraud saw a dramatic decrease after 2018's value of 44.0, hitting a low of 3.0 in 2020 but exhibited resurgence in 2021 with 27.0 cases. Burglary and vandalism remained relatively stable but lower in volume compared to theft and fraud. Interestingly, embezzlement had sporadic spikes, notably with a value of 9.0 in 2020. While motor vehicle theft, forgery, and arson witnessed minimal occurrences, the overall data reflects a landscape where larceny and fraud are primary concerns for potential stakeholders.
Demographics
Ogemaw County, Michigan showcases a balanced gender distribution among its adult population, with nearly equal numbers of men and women. The majority of residents have completed high school, although a notably smaller percentage hold bachelor's or higher degrees. The age structure indicates a significant proportion of residents are in the 45 to 64 age range, followed closely by those 65 and older, hinting at a potentially aging population. Racially, the county is predominantly White, with very... Read more
Race Distribution in Ogemaw County, Michigan (2022)
Educational Attainment in Ogemaw County, Michigan (2022)
Age Distribution in Ogemaw County, Michigan
Citizen Population in Ogemaw County, Michigan (2022)
Political Trends & Data
Ogemaw County, Michigan, showed a pronounced lean towards the Republican Party in the 2020 U.S. Presidential Election, suggesting that conservative values might resonate strongly with local residents. With the Democratic Party capturing just under a third of the vote, there seems to be a considerable yet minor liberal segment. Libertarian and Green Party support remained minimal, hinting at scant interest in these... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ogemaw County, Michigan, exhibited a strong tilt towards the Republican Party in the 2020 U.S. Presidential Election, potentially reflecting conservative values among its residents. The Democratic Party garnered slightly less than a third of the vote, which may suggest a significant but minority liberal presence. Libertarians and Green Party supporters constituted only a small fraction of the electorate, indicating limited traction for these alternative parties in the area.
69.31% of voters voted for the Republican party in the 2020 Presidential Election
29.18% of voters voted for the Democrat party in the 2020 Presidential Election
1.13% of voters voted for the Livertarian party in the 2020 Presidential Election
0.22% 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
Over the past decade, Ogemaw County, Michigan's student-to-teacher ratio has fluctuated, peaking at nearly 24 students per teacher in 2015 and gradually declining to about 18 in 2023. Given the national average is 14, this might suggest larger class sizes that could affect education quality. This trend is particularly relevant for families moving to the area, as well as investors and real estate agents who may see it impact property values. Appraisers and insurance agents might also find these... Read more
Student-to-teacher ratio in Ogemaw County, Michigan over the last 10 years
Over the past decade, Ogemaw County, Michigan has seen its student-to-teacher ratio fluctuate, peaking at nearly 24 students per teacher in 2015 and then gradually declining to about 18 in 2023. Considering the current national average is 14 students per teacher, Ogemaw County's ratios may hint at larger class sizes which could impact the quality of education. This trend is particularly relevant for families considering a move as well as for investors and real estate agents who may find it a crucial factor for property values. Appraisers and insurance agents might also note these data points, as they can subtly influence demographic shifts and community needs.
