Osceola County Real Estate and Livability Trends
Osceola County, Michigan has seen a notable rise in median home values, climbing from $90,300 in 2015 to $128,200 in 2022, which surpasses national and state averages. Energy-efficient upgrades have also been on the rise, reflected in increased residential energy tax credits from $360.71 in 2013 to $1,026.32 in 2021. Property crime patterns show fluctuations, with a peak in Larceny-Theft in 2020... Read more
Osceola County Market Trends
Osceola County, Michigan's median home values have surged from $90,300 in 2015 to $128,200 in 2022, outperforming national and state increases. Residential energy tax credits have also spiked, from $360.71 in 2013 to $1026.32 in 2021, reflecting rising investments in energy-efficient upgrades. Real estate taxes have followed an upward trajectory, hinting at growing property values and demand,... Read more
Median Value of Occupied Housing Units in Osceola County, Michigan Over the Last 8 Years
Over the past eight years, Osceola County, Michigan has seen a significant rise in median home values, jumping from $90,300 in 2015 to $128,200 in 2022. This local growth trend has outpaced the national median value increase, which moved from $125,500 to $179,400 over the same period. Additionally, home values in Michigan as a whole also rose from $122,400 to $201,100, indicating that Osceola County's housing market might offer more affordable investment opportunities within the state. This could make Osceola County an appealing option for potential buyers and investors compared to broader trends at both state and national levels.
Residential Energy Tax Credit Per Tax Return in Osceola County, MI Over the Last 8 Years
Residential energy tax credits in Osceola County, Michigan, showed notable fluctuations over the last eight years, with a significant rise from $360.71 per tax return in 2013 to $1026.32 in 2021. This climb, especially between 2019 and 2021, hints at increased homeowner investments in energy-efficient upgrades. These trends may intrigue investors, real estate agents, and builders as they suggest a growing emphasis on sustainable living, which could influence property values, insurance costs, and market appeal in the area.
Average Real Estate Taxes Per Tax Return in Osceola County, MI Over the Last 10 Years
Osceola County, Michigan has seen a notable upward trend in average real estate taxes per tax return over the past decade. From $2,171.92 in 2012 to $4,176.47 in 2021, the increase signifies a potentially growing property value and greater demand in the area. This can suggest a developing real estate market, and could be essential information for investors and prospective homeowners to consider. Particularly striking spikes occurred from 2017 to 2019, indicating periods of rapid change that may be worth exploring further for insights into local economic conditions or infrastructural developments.
Percentage of Farm Returns in Osceola County, MI Over the Last 10 Years
Over the last decade in Osceola County, Michigan, the percentage of farm returns has seen a gradual decline. Starting at 5.02% in 2012, it has dipped to approximately 4.07% by 2021, with slight fluctuations around 2019 and 2020. This trend may indicate shifts in economic factors or farming challenges in the area. For investors and those looking to build or move to Osceola County, understanding farm tax returns could be vital, as these returns reflect the agricultural sector's performance and potential land value implications.
Number of Mortgages by Occupancy Type in Osceola County, MI Over the Last 5 Years in Osceola County
In Osceola County, Michigan, a steady increase has been observed in the number of mortgages for principal residences over the past five years, peaking at 1,245 in 2021. Second residence and investment property mortgages have seen more modest fluctuations, with investment properties remaining below 30 annually. Changing occupancy types reflect evolving housing demand and economic trends. For real estate agents, investors, or developers, such data suggests a growing preference for primary homes, possibly indicating stable, long-term opportunities. Appraisers and insurance agents might need to reconsider property evaluations and coverage plans accordingly to align with these market dynamics.
Economic Outlook
Osceola County, Michigan has experienced a steady rise in average taxable income per tax return, jumping from $38,862.60 in 2013 to $52,515.40 in 2021. This trend potentially indicates improving economic conditions, which could appeal to investors, property developers, and real estate agents. Meanwhile, state and local income taxes have also climbed significantly, from $3,593.18 in 2012 to $8,826.32 in 2021, suggesting possible impacts from economic shifts or local policy changes. Additionally,... Read more
Average Taxable Income per Tax Return in Osceola County, MI over the last 9 years
Over the past nine years, Osceola County, Michigan has seen a steady increase in the average taxable income per tax return, climbing from approximately $38,862.60 in 2013 to about $52,515.40 in 2021. This noticeable upward trend suggests that the area's economic conditions may be improving, offering potentially attractive opportunities for investors, property developers, and real estate agents. For those considering moving to or insuring property in Osceola County, this growth in taxable income may hint at a strengthening local economy and increasing property values.
Average State and Local Income Taxes Per Tax Return in Osceola County, MI Over the Last 10 Years
Osceola County, Michigan, has seen a significant increase in average state and local income taxes per tax return over the past decade. Starting at approximately $3,593.18 in 2012, taxes have steadily risen, peaking at around $8,826.32 by 2021. This uptick in taxes might reflect broader economic changes or local policy adjustments, making it a critical factor for those considering financial decisions in this region. Investors, potential residents, and property developers should closely scrutinize these trends as fluctuating tax rates could impact overall living costs and return on investment.
Average Total Tax Liability Per Tax Return in Osceola County, MI Over the Last 10 Years
Over the past decade, Osceola County, Michigan has shown somewhat variable but generally increasing trends in average total tax liability per tax return. Starting from $5,095.63 in 2012, the county saw a mixture of decreases and significant increases, peaking most recently at $6,611.68 in 2021. This upward trend might reflect economic factors, property value changes, or shifts in local taxation policies, making it an area of interest for investors, real estate professionals, and those involved in property development or appraisal.
Cost of Living in Osceola County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,034 | $1,287 | $1,746 | $1,108 | $993 |
| 1 adult 4 children | $1,034 | $1,051 | $1,334 | $1,108 | $1,077 |
| 2 adults 3 children | $1,034 | $1,051 | $1,515 | $1,108 | $826 |
| 1 adult 3 children | $1,034 | $858 | $1,103 | $1,108 | $868 |
| 2 adults 2 children | $826 | $861 | $1,285 | $961 | $761 |
| 1 adult 2 children | $826 | $643 | $873 | $961 | $673 |
| 2 adults 1 child | $826 | $680 | $1,054 | $480 | $707 |
| 1 adult 1 child | $826 | $439 | $642 | $480 | $586 |
| 2 adults | $628 | $546 | $824 | $0 | $610 |
| 1 adult | $571 | $298 | $412 | $0 | $505 |
Safety trends & Data
In Osceola County, Michigan, the property crime trends over the last five years highlight fluctuating patterns in specific crime categories. Larceny-Theft peaked notably in 2020 with 31 reported incidents, while burglary saw a significant drop to just 2 cases in 2022. Vandalism remained relatively stable with around 7-12 incidents annually. Motor Vehicle Theft spiked to 8 incidents in 2018 but generally stayed low in subsequent years. These trends may indicate shifting risk factors essential... Read more
Property Crime Trends in Osceola County, MI Over the Last 5 Years
In Osceola County, Michigan, property crime trends over the last five years show fluctuating patterns, with significant variations in specific crime categories. Larceny - Theft has seen notable peaks, particularly in 2020 with 31 reported incidents, while burglary, although initially higher, dropped significantly to just 2 cases in 2022. Vandalism has remained relatively stable, averaging around 7-12 incidents annually. Motor Vehicle Theft, although lower in numbers, spiked to 8 incidents in 2018 but generally stayed low in subsequent years. These trends could indicate changing risk factors and areas of concern for potential investors, real estate professionals, and residents aiming to understand the safety and security landscape in the county.
Demographics
In Osceola County, Michigan, males barely outnumber females among adults, suggesting a balanced gender distribution. Educational attainment appears skewed towards a high school education or some college experience, with fewer residents obtaining higher degrees. Age-wise, the population is fairly spread out but leans slightly toward older age groups, possibly indicating an aging community. The county remains predominantly White, with very small percentages of other... Read more
Race Distribution in Osceola County, Michigan (2022)
Educational Attainment in Osceola County, Michigan (2022)
Age Distribution in Osceola County, Michigan
Citizen Population in Osceola County, Michigan (2022)
Political Trends & Data
Osceola County, Michigan, leaned heavily Republican in the 2020 Presidential Election, with Republican votes possibly outnumbering Democratic votes by a factor of three. Third-party candidates like Libertarian and Green received minimal support, indicating a strong conservative preference in the area. This conservative tilt might influence local policies and could be a key factor for potential real estate investors to consider if political climate matters in their... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Osceola County, Michigan, leaned predominantly Republican in the 2020 U.S. Presidential Election, with Republican support potentially three times higher than Democratic. Libertarian and Green parties saw minimal votes, barely scratching the surface. This distribution may suggest a strong conservative inclination in the county, with third-party candidates having a negligible impact.
72.41% of voters voted for the Republican party in the 2020 Presidential Election
26.07% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% 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
Osceola County, Michigan’s student-to-teacher ratio has fluctuated over the last decade but notably dipped to 14 in 2022, aligning with the national average. These changes might reflect shifts in educational policy and demographics. This lower ratio suggests more personalized education, potentially increasing local real estate appeal and property values, which is relevant for investors, agents, appraisers, and insurance... Read more
Student-to-teacher ratio in Osceola County, Michigan over the last 10 years
Osceola County, Michigan has experienced significant fluctuations in its student-to-teacher ratio over the last ten years. While the ratio remained above 16 students per teacher for most of the period, it saw a notable dip to 14 students per teacher in 2022, closer to the current national average of 14. These variations may suggest changes in educational policy, funding, or demographic shifts in the area. For potential investors, real estate agents, or families considering a move, a lower student-to-teacher ratio often implies a more personalized and potentially higher-quality education, which can enhance the appeal and value of the local housing market. Appraisers and insurance agents should take note of these trends, as they could influence property values and risk assessments.
