Presque Isle County Real Estate and Livability Trends
Presque Isle County, Michigan, has seen a notable rise in average taxable income from $41,180.22 in 2013 to $56,839.50 by 2021, signaling potential shifts in economic opportunities or rising property values. Median home values climbed modestly from $92,900 to $124,800 between 2015 and 2022, possibly pointing to more accessible real estate opportunities compared to broader trends. Property crimes,... Read more
Presque Isle County Market Trends
Presque Isle County's median home values have experienced a modest climb, rising from $92,900 to $124,800 between 2015 and 2022, lagging behind broader trends in Michigan and nationwide. This suggests possibly more accessible real estate opportunities or lower cost of living for potential homeowners. Fluctuations in residential energy tax credits, peaking around $650.00 in 2017 and 2021, indicate... Read more
Median Value of Occupied Housing Units in Presque Isle County, Michigan Over the Last 8 Years
Presque Isle County's median home values have seen a fairly steady increase over the past eight years, rising from $92,900 in 2015 to $124,800 in 2022. While this growth is steady, it's somewhat modest compared to the broader trends in Michigan and nationwide, where values jumped from $122,400 to $201,100 and $125,500 to $179,400, respectively. This slower appreciation might indicate more accessible real estate investment opportunities or lower cost of living for potential homeowners.
Residential Energy Tax Credit Per Tax Return in Presque Isle County, MI Over the Last 8 Years
Residential energy tax credits in Presque Isle County, Michigan have seen fluctuating averages over the past eight years, ranging from a low of $268.75 in 2014 to peaks of around $650.00 in 2017 and 2021. Investments in energy-efficient improvements have evidently impacted the average credit amounts, making it a compelling point for potential investors or homeowners considering energy-efficient upgrades. These trends could also inform insurance agents and appraisers about the increased focus on energy efficiency in the area, potentially affecting property values and insurance considerations.
Average Real Estate Taxes Per Tax Return in Presque Isle County, MI Over the Last 10 Years
Over the past decade, Presque Isle County, Michigan has seen a noticeable upward trend in average real estate taxes per tax return, with a significant jump after 2017. In 2012, the average taxes per return were around $2,453.04, gradually increasing to $2,849.02 by 2017. However, from 2018 onward, there's a sharp rise, reaching $4,320.00 by 2020. This upward trajectory suggests that the area might be seeing an increase in property values or changes in tax policies, which could be crucial for potential investors, builders, real estate agents, and residents trying to gauge the financial landscape.
Percentage of Farm Returns in Presque Isle County, MI Over the Last 10 Years
Presque Isle County, Michigan, might show somewhat of a downward trend in farm tax returns over the last decade, dipping from around 4.72% in 2012 to about 3.31% in 2021. In this context, farm tax returns often indicate the economic health and activity level of the agricultural sector in the region. For prospective investors or those looking to move to the area, a decrease in farm tax returns could suggest shifting land use priorities, evolving local economies, or changes in farming viability. As the agricultural landscape changes, this could potentially impact land value and local job markets, making it an important consideration for those interested in the area's future growth and development.
Number of Mortgages by Occupancy Type in Presque Isle County, MI Over the Last 5 Years in Presque Isle County
In Presque Isle County, Michigan, there's been an overall increase in mortgage counts across all categories over the last five years, especially noticeable in principal and second residences. While investment properties haven't shown significant growth, the data suggests heightened interest in both primary living spaces and vacation homes. This trend implies likely real estate appreciation, impacting housing affordability, and offers opportunities for investors seeking stable long-term gains. For insurance agents and appraisers, the higher volume of principal and second residences indicates intensified demand for assessment and coverage services.
Economic Outlook
Presque Isle County, Michigan has shown a notable increase in average taxable income, rising from about $41,180.22 in 2013 to approximately $56,839.50 by 2021. This trend, punctuated by fluctuations such as a dip to $49,594.12 in 2019, might signal shifting economic opportunities or rising property values, catching the eye of investors. Additionally, state and local income taxes have seen significant swings, peaking at $10,564.71 in 2018, which could influence financial planning and investment... Read more
Average Taxable Income per Tax Return in Presque Isle County, MI over the last 9 years
Presque Isle County, Michigan has seen a general upward trend in average taxable income per tax return over the past nine years. Starting at approximately $41,180.22 in 2013, the average has risen to about $56,839.50 by 2021, despite some fluctuations. Notably, there was a spike to $54,946.25 in 2018 followed by a dip to $49,594.12 in 2019, and then a recovery in the subsequent years. These variations highlight potential economic shifts in the area, making it a point of interest for investors, real estate agents, and anyone considering property developments in the region. The increasing trend in average income could imply growing economic opportunities or rising property values, which might interest insurers and appraisers as well.
Average State and Local Income Taxes Per Tax Return in Presque Isle County, MI Over the Last 10 Years
Over the past decade, state and local income taxes per tax return in Presque Isle County, Michigan have experienced significant volatility. Noteworthy spikes occurred in 2018 with a peak of $10,564.71, followed by more moderate yet increased levels in subsequent years, reaching $6,360.00 in 2021. Such fluctuations could impact financial planning for prospective residents and investors, indicating potential economic shifts or policy changes within the county.
Average Total Tax Liability Per Tax Return in Presque Isle County, MI Over the Last 10 Years
Presque Isle County, Michigan has experienced noticeable fluctuations in average total tax liability per tax return over the past decade. The most significant peaks occurred in 2018 and 2020, reaching $8,893.23 and $8,286.84 respectively, likely reflecting economic factors or policy changes affecting the area. This variability can impact decisions for potential investors, appraisers, and real estate agents, as it suggests a dynamic financial environment. For those considering moving or building property here, understanding these tax trends could be crucial in forecasting future financial commitments.
Cost of Living in Presque Isle County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,071 | $1,363 | $1,678 | $1,049 | $1,032 |
| 1 adult 4 children | $1,071 | $1,113 | $1,282 | $1,049 | $1,123 |
| 2 adults 3 children | $1,071 | $1,114 | $1,457 | $1,049 | $852 |
| 1 adult 3 children | $1,071 | $909 | $1,060 | $1,049 | $908 |
| 2 adults 2 children | $826 | $912 | $1,236 | $909 | $772 |
| 1 adult 2 children | $826 | $681 | $839 | $909 | $685 |
| 2 adults 1 child | $826 | $721 | $1,014 | $455 | $720 |
| 1 adult 1 child | $826 | $465 | $618 | $455 | $595 |
| 2 adults | $628 | $579 | $793 | $0 | $624 |
| 1 adult | $571 | $316 | $397 | $0 | $513 |
Safety trends & Data
In Presque Isle County, Michigan, property crimes have generally decreased over the past three years. Larceny-theft incidents dropped from 5.0 cases in 2018 to 2.0 in 2020, and burglary rates fell from 5.0 to 1.0 within the same period. Vandalism also showed a minor dip, reflecting a broader trend toward reduced property crimes overall. This could hint at enhanced security measures or increased community vigilance, potentially making the area more attractive for real estate investments and... Read more
Property Crime Trends in Presque Isle County, MI Over the Last 3 Years
Over the last three years in Presque Isle County, Michigan, property crimes like burglary, larceny-theft, motor vehicle theft, and vandalism have demonstrated varying frequencies with larceny-theft showing a marked decrease from 5.0 cases in 2018 to 2.0 in 2020. Burglary incidents have also dropped significantly from 5.0 in 2018 to just 1.0 in 2020. Motor vehicle theft stayed relatively low, peaking at 2.0 cases in 2019. In terms of vandalism, while there was a slight drop from 2.0 in 2018 to 1.0 in 2019 and 2020, the overall property crime trends suggest a decline, hinting at possibly improved security measures or community vigilance. This nuanced reduction could imply safer investment opportunities and reduced insurance premiums for those eyeing the region, benefitting real estate agents, appraisers, and potential residents.
Demographics
Presque Isle County, Michigan shows a nearly balanced gender distribution in its adult population, slightly tipped towards males. Educational attainment reveals a strong prevalence of high school graduates and those with some college experience, though a notable segment has not finished high school. The population skews older, with significant proportions aged 55 and above. Racial demographics indicate an overwhelmingly White population, with minimal representation from other racial groups.... Read more
Race Distribution in Presque Isle County, Michigan (2022)
Educational Attainment in Presque Isle County, Michigan (2022)
Age Distribution in Presque Isle County, Michigan
Citizen Population in Presque Isle County, Michigan (2022)
Political Trends & Data
In Presque Isle County, Michigan, the 2020 U.S. Presidential Election hinted at a strong Republican preference with around 64% of the vote, while Democrats received about 35%. Third-party candidates had minimal impact, indicating a robust two-party dynamic in the area. This voting trend might reflect broader political sentiment in similar counties across... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Presque Isle County, Michigan, the 2020 U.S. Presidential Election trends possibly reflect a predominantly Republican preference, with around 64% of the vote. The Democrats trailed with approximately 35%, suggesting a significant but not dominant presence. Third-party candidates, including Libertarians and Greens, garnered minimal support, hinting at a strong two-party system in this region. This voting pattern could potentially mirror broader political sentiment within similar counties in the state.
64.02% of voters voted for the Republican party in the 2020 Presidential Election
34.89% of voters voted for the Democrat party in the 2020 Presidential Election
0.84% of voters voted for the Livertarian party in the 2020 Presidential Election
0.06% 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
Student-to-teacher ratios in Presque Isle County, Michigan, have hovered between 17 to 20 students per teacher over the past decade, peaking at 20.47 in 2018 and dipping to 16.23 in 2023. These numbers generally exceed the national average of 14 students per teacher, possibly indicating larger class sizes and influencing families' relocation decisions. This trend might impact appraisers, insurance agents, and real estate agents assessing the area's desirability and educational quality, guiding... Read more
Student-to-teacher ratio in Presque Isle County, Michigan over the last 10 years
Student-to-teacher ratios in Presque Isle County, Michigan, have varied significantly over the past decade. With a few spikes and dips, the ratios mostly hovered around 17 to 20 students per teacher, peaking in 2018 at 20.47 and dipping to 16.23 in 2023. Compared to the national average of 14 students per teacher, the county has generally seen higher ratios, which might suggest larger class sizes. This fluctuation can influence decisions for families considering moving to the area and may also impact appraisers, insurance agents, and real estate agents evaluating the desirability and educational quality of the region. Understanding these trends helps investors and property developers prioritize which areas to develop or improve and informs potential residents about the schooling environment.
