Oscoda County Real Estate and Livability Trends
Oscoda County, Michigan has shown a notable rise in home values from $80,600 in 2015 to $122,500 in 2022, making it a more affordable option compared to the state median of $201,100. Economic growth is underscored by average taxable incomes per tax return climbing from $34,865.28 in 2013 to $52,545.09 in 2021, alongside increased state and local income taxes. Property crime trends, particularly... Read more
Oscoda County Market Trends
Oscoda County, Michigan has seen home values rise from $80,600 in 2015 to $122,500 in 2022—offering more affordable housing compared to the statewide median of $201,100. The uptick in average residential energy tax credits, from $200.00 in 2013 to a peak of $700.00 in 2020, points to increased energy-efficient home investments. Real estate taxes peaked in 2018 and 2019 around $3,300.00, but... Read more
Median Value of Occupied Housing Units in Oscoda County, Michigan Over the Last 8 Years
Oscoda County, Michigan has seen a steady increase in median home values over the past eight years, rising from $80,600 in 2015 to $122,500 in 2022. While this growth trend is encouraging, it's worth noting that both Michigan as a whole and the national figures have consistently outpaced Oscoda County. Michigan's median home values grew from $122,400 to $201,100 over the same period, and national values climbed from $125,500 to $179,400. This disparity might suggest that Oscoda County offers relatively more affordable housing options, potentially appealing to budget-conscious buyers or investors looking for growth potential.
Residential Energy Tax Credit Per Tax Return in Oscoda County, MI Over the Last 8 Years
Oscoda County, Michigan has seen a noticeable increase in the average residential energy tax credit per tax return over the past eight years. From a modest $200.00 in 2013, it surged to $700.00 in 2020 before settling at $500.00 in 2021. This upward trend could indicate growing investments in energy-efficient home improvements by residents, making Oscoda County more appealing for environmentally-conscious investors, property developers, and real estate agents. Higher tax credits often align with broader community efforts to enhance energy efficiency, which might also be appealing to new homeowners and appraisers.
Average Real Estate Taxes Per Tax Return in Oscoda County, MI Over the Last 10 Years
Over the past decade, Oscoda County, Michigan has experienced a fluctuating trend in average real estate taxes per tax return. The most notable peak appears around 2018 and 2019, where average taxes reached $3,244.44 and $3,337.50 respectively, potentially indicating a market upswing or increased property valuations during those years. However, there was a noticeable dip in 2021 to $2,312.50, which could signal adjustments in property values or tax rates. For investors and real estate agents, these trends suggest periods of rapid tax escalation, which might influence property attractiveness and market dynamics in Oscoda County.
Percentage of Farm Returns in Oscoda County, MI Over the Last 10 Years
Over the past decade in Oscoda County, Michigan, the percentage of farm tax returns has shown minor fluctuations, oscillating between 2.24% and 2.53%. Despite slight dips in certain years, such as 2.25% in 2015, the percentages suggest a relatively steady agricultural presence. Farm tax returns are essential since they represent the region's farming economic activities and can impact local property values and investment opportunities. Stability in farm returns may imply consistent farming operations, which could be a positive indicator for those planning to invest in, move to, or build property in the area.
Number of Mortgages by Occupancy Type in Oscoda County, MI Over the Last 5 Years in Oscoda County
Over the last five years in Oscoda County, Michigan, the number of mortgages has generally been highest for principal residences, followed by second residences, with investment properties trailing significantly behind. This trend could indicate a stable preference for primary living arrangements in the area, making Oscoda County potentially more attractive for families and long-term residents. The variations in mortgage counts also suggest that there might be shifts in how people are viewing Oscoda County as a location for secondary or investment properties, which can influence local property values, rental market dynamics, and insurance risks. Investors, appraisers, and real estate agents should be mindful of these changes when evaluating market trends and making decisions.
Economic Outlook
Oscoda County, Michigan has seen its average taxable income per tax return climb from $34,865.28 in 2013 to $52,545.09 in 2021, hinting at economic growth and rising affluence. Concurrently, average state and local income taxes have grown from $4,102.56 in 2012 to $7,528.57 in 2021, potentially signaling increased economic activity and government expenditure. These changes, alongside a rise in total tax liability peaking at $6,709.03 in 2021, reflect shifting economic conditions that might... Read more
Average Taxable Income per Tax Return in Oscoda County, MI over the last 9 years
Oscoda County, Michigan has experienced a notable increase in average taxable income per tax return over the past nine years, with figures rising from approximately $34,865.28 in 2013 to around $52,545.09 in 2021. This consistent upward trend suggests potential economic growth and increasing affluence in the area, making it an intriguing prospect for investors, real estate developers, and insurance agents. The sharp rise in 2021 could be indicative of broader economic factors, possibly including a post-pandemic economic rebound. This economic trajectory may also appeal to those looking to move to or expand their financial interest in Oscoda County.
Average State and Local Income Taxes Per Tax Return in Oscoda County, MI Over the Last 10 Years
Over the last decade, Oscoda County, Michigan has seen a notable upward trend in average state and local income taxes per tax return, rising from approximately $4,102.56 in 2012 to $7,528.57 in 2021. This increasing tax burden may hint at growing economic activity and possibly escalating government spending locally. However, potential investors and residents should weigh these costs against other local factors such as property values, infrastructure developments, and community growth to get a full picture of the county's financial landscape. High tax rates might reflect enhanced public services and amenities, which could appeal to newcomers despite the increased tax outlay.
Average Total Tax Liability Per Tax Return in Oscoda County, MI Over the Last 10 Years
Oscoda County, Michigan has experienced some notable fluctuations in average total tax liability per tax return over the past decade. From $4,570.82 in 2012, the liability peaked at $6,709.03 in 2021, marking a significant increase. These shifts may reflect broader economic trends or policy changes affecting taxpayers in the area. For real estate agents, appraisers, and potential investors, these trends could indicate changing economic conditions that might affect property values and investment opportunities.
Cost of Living in Oscoda County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,061 | $1,311 | $1,678 | $1,214 | $1,051 |
| 1 adult 4 children | $1,061 | $1,071 | $1,282 | $1,214 | $1,149 |
| 2 adults 3 children | $1,061 | $1,071 | $1,457 | $1,214 | $869 |
| 1 adult 3 children | $1,061 | $874 | $1,060 | $1,214 | $939 |
| 2 adults 2 children | $826 | $877 | $1,236 | $1,052 | $790 |
| 1 adult 2 children | $826 | $655 | $839 | $1,052 | $712 |
| 2 adults 1 child | $826 | $693 | $1,014 | $526 | $722 |
| 1 adult 1 child | $826 | $448 | $618 | $526 | $600 |
| 2 adults | $708 | $557 | $793 | $0 | $632 |
| 1 adult | $571 | $304 | $397 | $0 | $501 |
Safety trends & Data
Property crime trends in Oscoda County, Michigan, appear to influence real estate decisions significantly. Burglary incidents remain consistently low, yet larceny-theft spiked in 2019 with 9 reported cases, later stabilizing. Motor vehicle theft fluctuates, peaking at 5 cases in 2019 and reaching 3 cases in 2022. Vandalism shows an upward trend, with notable spikes in 2019 and 2022, possibly impacting insurance rates and property values. These crime patterns might be crucial for investors and... Read more
Property Crime Trends in Oscoda County, MI Over the Last 5 Years
Property crime in Oscoda County, Michigan, has shown varied trends over the past five years, impacting decisions for investors and real estate agents alike. Burglary consistently appears with a small number of incidents each year, while larceny-theft saw a notable spike in 2019 with 9 instances but stabilized in subsequent years. Motor vehicle theft fluctuates, peaking in 2019 and 2022 with 5 and 3 cases respectively. Embezzlement remains minimal but persistent, while vandalism trends upwards with the highest instances recorded in 2019 and 2022. Potential movers might find these trends indicative of certain risk factors, influencing insurance rates and property values.
Demographics
Oscoda County, Michigan, exhibits a nearly balanced gender ratio with a slight male majority. Educationally, most adults possess a high school diploma, and while higher education degrees are present, they are relatively less common. Age demographics hint at an older population, with substantial numbers aged 55 and above. The county's racial composition appears quite homogeneous, predominantly White, with very minimal representation from other racial groups. This demographic snapshot implies a... Read more
Race Distribution in Oscoda County, Michigan (2022)
Educational Attainment in Oscoda County, Michigan (2022)
Age Distribution in Oscoda County, Michigan
Citizen Population in Oscoda County, Michigan (2022)
Political Trends & Data
Oscoda County, Michigan's real estate market might be subtly influenced by its strong Republican lean, with potentially over 70% voting GOP in the 2020 presidential election. This political landscape could indicate a community that values conservative priorities, potentially impacting preferences for property amenities, zoning laws, and local development projects. Meanwhile, the minimal support for third parties suggests a relatively stable political climate, which could ease concerns over... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Oscoda County, Michigan, showed strong Republican support in the 2020 presidential election, capturing likely over 70% of the vote. The Democratic party appeared to trail significantly, with their vote share potentially hovering around 27%. Libertarian and Green parties, along with other minor parties, combined for only a small fraction of the total votes, suggesting limited third-party influence in the region.
71.11% of voters voted for the Republican party in the 2020 Presidential Election
27.53% of voters voted for the Democrat party in the 2020 Presidential Election
0.80% 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
0.33% of voters voted for the Other party in the 2020 Presidential Election
School Data
Oscoda County, Michigan has experienced an increase in its student-to-teacher ratio from around 16-17 to roughly 20 in 2023, diverging from the national average of 14 students per teacher. This shift may impact educational outcomes, standardized test scores, and overall school ratings, which could influence property values and local demographics. Appraisers and insurance providers might also see this trend as indicative of evolving community needs and potential changes in local infrastructure... Read more
Student-to-teacher ratio in Oscoda County, Michigan over the last 10 years
Over the last decade, Oscoda County, Michigan has seen its student-to-teacher ratio hover mostly in the 16 to 17 range, but a sharp increase to approximately 20 in 2023 marks a notable deviation. Investors, new residents, and real estate agents should note that classroom size can impact educational outcomes and community desirability. With the national average at 14 students per teacher, Oscoda County's larger ratios might affect standardized test scores, the depth of teacher-student interaction, and overall school ratings, which in turn could influence property values and local demographics. Appraisers and insurance providers might also find these trends indicative of changing community needs and potential shifts in local infrastructure demands.
