Ottawa County Real Estate and Livability Trends
Ottawa County, Michigan's real estate market has seen median home values soar from $155,400 in 2015 to $269,200 in 2022, hinting at growing demand and investment potential. Rising real estate taxes over the past decade may impact affordability, while a noted spike in residential energy tax credits in 2018 points to increased energy efficiency investments, attracting eco-conscious buyers.... Read more
Ottawa County Market Trends
Ottawa County, Michigan has seen median home values climb significantly from $155,400 in 2015 to $269,200 in 2022, outpacing both state and national rates. This trend underscores growing demand and potential investment opportunities. A notable 2018 spike in residential energy tax credits, peaking at $2,345.83, possibly indicates increased energy efficiency investments, which could attract... Read more
Median Value of Occupied Housing Units in Ottawa County, Michigan Over the Last 8 Years
Ottawa County, Michigan has seen a steady upward trend in median home values over the past eight years, jumping from $155,400 in 2015 to $269,200 in 2022. This increase vastly outpaces both state and national figures. For context, Michigan’s median home values rose from $122,400 in 2015 to $201,100 in 2022, while national values moved from $125,500 to $179,400 in the same period. The escalating home prices in Ottawa County may be a signal of strong local demand and could represent a promising investment opportunity for buyers and developers considering the area.
Residential Energy Tax Credit Per Tax Return in Ottawa County, MI Over the Last 9 Years
Over the past nine years, Ottawa County, Michigan has seen fluctuations in residential energy tax credits per tax return, with a notable spike in 2018 where it peaked at $2345.83. While the amounts generally hovered below $400.00 from 2013 to 2017, a significant increase occurred from 2018 onwards, reflecting a potential shift in energy efficiency investments or policy changes. This rise suggests a growing emphasis on energy-saving measures, which could influence property values and attract eco-conscious buyers and investors.
Average Real Estate Taxes Per Tax Return in Ottawa County, MI Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Ottawa County, Michigan, have demonstrated a notable upward trend. Starting at approximately $3,211.67 in 2012, they have nearly doubled by 2021, reaching around $6,594.75. This significant increase may affect property investors, homebuyers, and real estate agents by potentially altering the affordability and desirability of the area. For insurance agents and appraisers, the rising taxes could also influence property valuations and insurance costs, suggesting a need for continuous re-evaluation. Builders and developers might find this trend important when considering the overall cost implications for new projects in the region.
Percentage of Farm Returns in Ottawa County, MI Over the Last 10 Years
Over the past decade, farm tax returns in Ottawa County, Michigan have seen a steady decline, dropping from around 0.81% in 2012 to about 0.61% in 2021. This trend might indicate a shift away from agricultural activities or changes in land use, potentially opening up opportunities for different types of investment and development. For those looking to move to or build property in the area, this shift could suggest evolving economic dynamics and possibly more available land for non-farming purposes.
Number of Mortgages by Occupancy Type in Ottawa County, MI Over the Last 5 Years in Ottawa County
Mortgage trends in Ottawa County, Michigan show a relatively stable interest in investment properties and second residences, while principal residence mortgages have displayed significant annual fluctuations. Understanding shifts in occupancy type can be critical; a rise in principal residence mortgages might suggest an influx of long-term residents influencing the local housing market dynamics. For investors and builders, it's insightful to note higher stability in secondary residence and investment mortgages, potentially indicating consistent demand in these sectors. Real estate agents and appraisers may look at these trends to adjust their strategies and valuations, while insurance agents might find patterns conducive to tailoring specialized policies.
Economic Outlook
Ottawa County, Michigan, has seen a notable rise in the average taxable income per tax return, from $61,039 in 2013 to $90,019 in 2021, indicating potential economic growth and improved job opportunities. Interestingly, state and local income taxes have also surged, with figures jumping from $5,214.14 in 2012 to $15,590.81 in 2021, particularly between 2017 and 2021. This could reflect growing economic activity or tax policy changes. Total tax liabilities have similarly risen, pointing toward... Read more
Average Taxable Income per Tax Return in Ottawa County, MI over the last 9 years
Over the last nine years, Ottawa County, Michigan, has seen a steady upward trend in the average taxable income per tax return, increasing from around $61,039 in 2013 to approximately $90,019 in 2021. This significant rise suggests economic growth and possibly improved job opportunities in the area, potentially making it an attractive location for real estate investors and prospective homebuyers. Additionally, insurance agents and appraisers might find it noteworthy for assessing property values and adjusting premiums.
Average State and Local Income Taxes Per Tax Return in Ottawa County, MI Over the Last 10 Years
In the last decade, Ottawa County, Michigan has seen a noticeable and consistent rise in average state and local income taxes per tax return, starting at approximately $5,214.14 in 2012 and reaching $15,590.81 by 2021. The sharpest increases occurred between 2017 and 2021, with 2018 showing a significant spike to $11,115.86 followed by continued steep climbs. This trend might suggest growing economic activity or changes in tax policies, impacting the financial landscape for potential investors, homebuyers, and locals.
Average Total Tax Liability Per Tax Return in Ottawa County, MI Over the Last 10 Years
In Ottawa County, Michigan, over the past decade, the average total tax liability per tax return showed a generally upward trend with some fluctuations. From $9,748.38 in 2012 to a significant increase reaching $15,216.97 in 2021, individuals saw rising financial obligations. This pattern suggests a potentially growing economy or increases in taxable incomes, which might interest investors and real estate agents assessing the financial landscape. For appraisers and insurance agents, these insights can hint at changing property values and living costs in the area.
Cost of Living in Ottawa County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,532 | $1,484 | $1,655 | $2,000 | $1,623 |
| 1 adult 4 children | $1,532 | $1,212 | $1,272 | $2,000 | $1,775 |
| 2 adults 3 children | $1,532 | $1,212 | $1,432 | $2,000 | $1,401 |
| 1 adult 3 children | $1,532 | $990 | $1,050 | $2,000 | $1,536 |
| 2 adults 2 children | $1,148 | $992 | $1,210 | $1,745 | $1,099 |
| 1 adult 2 children | $1,148 | $741 | $827 | $1,745 | $1,162 |
| 2 adults 1 child | $1,148 | $784 | $988 | $916 | $961 |
| 1 adult 1 child | $1,148 | $507 | $605 | $916 | $851 |
| 2 adults | $1,016 | $630 | $766 | $0 | $756 |
| 1 adult | $904 | $344 | $383 | $0 | $588 |
Safety trends & Data
Property crime trends in Ottawa County, Michigan have shown some variability, with larceny-theft decreasing from 382 incidents in 2019 to 223 in 2020. Vandalism, however, has been on the rise, topping at 108 incidents in 2022, which might be a point of concern for property owners and insurers. Burglary numbers have been mostly stable but peaked at 61 incidents in 2021. Arson remains low, suggesting minimal fire-related risks. These shifts could influence real estate evaluations for agents and... Read more
Property Crime Trends in Ottawa County, MI Over the Last 5 Years
Property crime trends in Ottawa County, Michigan over the last five years exhibit some fluctuations across various categories. Larceny-theft remains the most prevalent, although it saw a significant dip from 2019's 382 incidents to 2020's 223. In contrast, vandalism incidents have been increasing, peaking at 108 in 2022, which might raise concerns for property owners and insurance agents. Burglary numbers stayed relatively stable but saw a notable spike in 2021 with 61 incidents. Meanwhile, arson incidents remain quite low, suggesting limited fire-related risks for new homeowners. These trends could be pivotal for real estate agents and investors assessing community safety and the overall desirability of the area.
Demographics
Ottawa County, Michigan shows a slightly higher population of females compared to males. The age distribution suggests a strong presence of working-age adults, especially those between 25 and 44 years. Education levels are varied, with significant portions of the population attaining high school diplomas, some college education, or bachelor's degrees. The racial makeup is predominantly White, with other racial demographics like Black or African American, Asian, and mixed races also present in... Read more
Race Distribution in Ottawa County, Michigan (2022)
Educational Attainment in Ottawa County, Michigan (2022)
Age Distribution in Ottawa County, Michigan
Citizen Population in Ottawa County, Michigan (2022)
Political Trends & Data
Ottawa County, Michigan, appears to lean conservative, with Republicans potentially securing nearly 60% of the vote in the 2020 U.S. Presidential Election. Democrats might have gained around 38%, while minor parties like the Libertarian and Green parties possibly accounted for less than 3% combined. This predominantly Republican trend could influence local policies and market preferences, yet the varied minor party votes suggest some political diversity within the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Ottawa County, Michigan, showed Republicans possibly having a strong lead in the 2020 U.S. Presidential Election with nearly 60% of the vote, while Democrats garnered about 38%. The Libertarian, Green, and other minor parties combined might have received less than 3% of the total vote. These figures could suggest a conservative tilt in this region, but the presence of minor party votes might hint at varied political dynamics beyond the two major parties.
59.81% of voters voted for the Republican party in the 2020 Presidential Election
38.35% of voters voted for the Democrat party in the 2020 Presidential Election
1.37% 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
0.24% of voters voted for the Other party in the 2020 Presidential Election
School Data
Ottawa County, Michigan has experienced a shift in student-to-teacher ratios, peaking at 21 students per teacher in 2016 and declining to around 16 in 2023. This trend is significant for those considering moving or investing in the area, as smaller class sizes may indicate better educational outcomes and personalized learning, potentially making the area more attractive for families. Improved school metrics can impact property values, making this data valuable for real estate agents and... Read more
Student-to-teacher ratio in Ottawa County, Michigan over the last 10 years
Ottawa County, Michigan has seen a notable fluctuation in its student-to-teacher ratios over the last decade, peaking at 21 students per teacher in 2016 before gradually declining to around 16 in 2023. This shift matters particularly for those considering moving or investing in the area, as smaller class sizes can often signify better educational outcomes and a more personalized learning experience, making the region potentially more attractive for families. Real estate agents and appraisers might also find this trend valuable, as improved school metrics can directly impact property values. For insurance agents and builders, understanding these trends can help in assessing community growth and development needs. Comparing the current ratio of 16 students per teacher to the national average of 14 highlights that while the county has made strides, there may still be opportunities for improvement in educational density.
