Roscommon County Real Estate and Livability Trends
Roscommon County, Michigan, has seen a steady rise in home values from $91,400 in 2015 to $133,400 in 2022, creating relatively affordable entry points compared to national and state medians. Average taxable income per tax return surged from $39,860.34 in 2013 to approximately $60,140.68 by 2021, which, along with rising average total tax liabilities, may suggest increasing property values. The... Read more
Roscommon County Market Trends
Home values in Roscommon County, Michigan steadily rose from $91,400 in 2015 to $133,400 in 2022, staying below the national and state median values and potentially signaling strong investment opportunities due to lower entry costs. The average residential energy tax credit per tax return peaked at $704.55 in 2021, reflecting a local emphasis on energy-efficient home improvements, which could... Read more
Median Value of Occupied Housing Units in Roscommon County, Michigan Over the Last 8 Years
Home values in Roscommon County, Michigan saw a gradual rise from $91,400 in 2015 to $133,400 in 2022. Compared to the national median, which jumped from $125,500 to $179,400, and Michigan’s state-wide median, escalating from $122,400 to $201,100, Roscommon County remains more affordable. However, the county's growth pace might indicate burgeoning opportunities for investors, as lower entry barriers combined with escalating value trends could signal promising returns.
Residential Energy Tax Credit Per Tax Return in Roscommon County, MI Over the Last 8 Years
Roscommon County, Michigan has seen a dramatic rise in the average residential energy tax credit per tax return over the last eight years, peaking at $704.55 in 2021. This trend indicates a growing emphasis on energy-efficient home improvements, creating opportunities for savvy investors and real estate agents to highlight these benefits in the current market. Builders and insurers may also find this information useful for targeting energy-conscious clients and promoting sustainable construction practices.
Average Real Estate Taxes Per Tax Return in Roscommon County, MI Over the Last 10 Years
Roscommon County, Michigan has seen a significant increase in average real estate taxes per tax return over the past ten years. Starting at around $2,988.21 in 2012, the average jumped to $5,741.94 by 2021. This upward trend, particularly steep between 2017 and 2019, suggests rising property values and possibly increased municipal budget needs. For investors, this trend may indicate growing demand and higher property assessments, whereas prospective homeowners should be mindful of the increasing tax burden. Real estate agents and appraisers might find this data useful for future valuation forecasts, while insurance agents could view it as a sign of potentially rising coverage costs.
Percentage of Farm Returns in Roscommon County, MI Over the Last 10 Years
The percentage of farm tax returns in Roscommon County, Michigan has shown a slight overall decline over the past decade, starting from approximately 0.44% in 2012 and dipping to around 0.28% by 2021. These farm tax returns indicate filings from agricultural businesses, which can be a marker for the agricultural economy in the region. A small but noticeable decrease could suggest changes in the agricultural landscape or shifts in economic focus. For investors, movers, or those interested in the area, this decline might reflect evolving opportunities and potential challenges within the local farming sector.
Number of Mortgages by Occupancy Type in Roscommon County, MI Over the Last 5 Years in Roscommon County
Roscommon County, Michigan has seen variances in mortgage counts based on occupancy over the past five years. Principal residences consistently represent the highest number of mortgages, peaking at 1,574 in 2021, suggesting strong local stability and demand for primary homes. Mortgages for second residences fluctuated but reached their zenith in 2020 with 904, indicating a significant interest in vacation or secondary homes during the pandemic. Investment property mortgages remained relatively stable but lower, with a slight decrease to just 27 in 2020, which could suggest either fewer investment opportunities or a focus on residential growth. These trends influence investment decisions, property valuations, and insurance assessments by highlighting where demand is most concentrated and how it shifts, providing essential insights for stakeholders in the real estate market.
Economic Outlook
Roscommon County, Michigan, has experienced consistent growth in average taxable income per tax return, rising from $39,860.34 in 2013 to roughly $60,140.68 in 2021, signalling increased affluence among residents and a stronger economic base. This trend, alongside a jump in average total tax liability from $5,509.38 in 2012 to $9,362.51 in 2021, may suggest growing property values or higher earnings, presenting both opportunities and financial considerations for investors and homebuyers.... Read more
Average Taxable Income per Tax Return in Roscommon County, MI over the last 9 years
Average taxable income per tax return in Roscommon County, Michigan, has seen a general upward trend over the last nine years, rising from $39,860.34 in 2013 to about $60,140.68 in 2021. This steady increase suggests a growing economic base and potentially increased affluence among residents. Such data might interest real estate investors, appraisers, and insurance agents looking for a stable or growing market. The spike in 2021 could indicate a significant economic event or change in the local industry, making it an intriguing point for further analysis.
Average State and Local Income Taxes Per Tax Return in Roscommon County, MI Over the Last 10 Years
Over the past decade, Roscommon County, Michigan, has experienced a noticeable upward trend in average state and local income taxes per tax return. Notably, the amount jumped significantly from $4,123.42 in 2012 to $7,953.33 in 2021. This increasing tax burden could be a crucial consideration for potential investors or homebuyers assessing cost implications in the area.
Average Total Tax Liability Per Tax Return in Roscommon County, MI Over the Last 10 Years
Roscommon County, Michigan has seen a notable increase in average total tax liability per tax return over the past decade. Starting from $5,509.38 in 2012, the average jumped to $9,362.51 by 2021, reflecting a general upward trend. Such data may imply higher earnings or possibly increased property values, both of which could signal a burgeoning local economy. For investors, appraisers, and real estate agents, these trends could mean rising opportunities but also suggest careful consideration of higher incurred costs. Those planning to move or build property here might want to account for these growing tax liabilities in their financial planning.
Cost of Living in Roscommon County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,105 | $1,335 | $1,678 | $1,161 | $1,032 |
| 1 adult 4 children | $1,105 | $1,090 | $1,282 | $1,161 | $1,123 |
| 2 adults 3 children | $1,105 | $1,091 | $1,457 | $1,161 | $854 |
| 1 adult 3 children | $1,105 | $890 | $1,060 | $1,161 | $912 |
| 2 adults 2 children | $826 | $893 | $1,236 | $1,006 | $761 |
| 1 adult 2 children | $826 | $667 | $839 | $1,006 | $672 |
| 2 adults 1 child | $826 | $706 | $1,014 | $503 | $699 |
| 1 adult 1 child | $826 | $456 | $618 | $503 | $574 |
| 2 adults | $628 | $567 | $793 | $0 | $595 |
| 1 adult | $623 | $309 | $397 | $0 | $496 |
Safety trends & Data
Roscommon County, Michigan has experienced a shift in property crime trends over the past five years, with theft peaking at 37 incidents in 2018 but falling to just 8 by 2022. Vandalism stayed low and stable, under 7 cases annually, while fraud ticked upward to 5 cases in 2022. These changes could influence insurance premiums, property values, and investment appeal in the area. Real estate stakeholders and movers should review these dynamics cautiously when assessing opportunities in Roscommon... Read more
Property Crime Trends in Roscommon County, MI Over the Last 5 Years
Roscommon County, Michigan has seen a noticeable fluctuation in property crimes over the past five years, with theft consistently leading but showing a peak in 2018 at 37 incidents before dropping to 8 incidents by 2022. Vandalism remained relatively low and stable, never exceeding 7 cases annually. Fraud incidents demonstrated an uptick in 2022, reaching 5 cases. Such trends may suggest an evolving threat landscape and could impact insurance premiums, property valuations, and overall investment attractiveness in Roscommon County. Real estate stakeholders and potential movers should carefully consider these dynamics when evaluating opportunities in the region.
Demographics
In Roscommon County, Michigan, the adult population is fairly evenly split between males and females. Education levels seem quite varied, with a significant portion of residents having completed high school, but a notably smaller segment attaining a graduate or professional degree. The demographic makeup is predominantly White, with very little representation from other races. Age-wise, there's a noticeable concentration of individuals in older age brackets, especially those 55 years and older.... Read more
Race Distribution in Roscommon County, Michigan (2022)
Educational Attainment in Roscommon County, Michigan (2022)
Age Distribution in Roscommon County, Michigan
Citizen Population in Roscommon County, Michigan (2022)
Political Trends & Data
Roscommon County in Michigan showed a notable preference for the Republican Party in the 2020 U.S. Presidential Election, with approximately 64% of the votes, while the Democratic Party lagged behind at around 34%. Minor parties like the Libertarian and Green received under 1% each, indicating a largely two-party system with minimal but present interest in alternative political... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Roscommon County in Michigan revealed a significant leaning towards the Republican Party in the 2020 U.S. Presidential Election, with roughly 64% of the votes. The Democratic Party trailed considerably, capturing about 34%. Minor parties, including the Libertarian and Green parties, garnered minimal support, each receiving less than 1%, suggesting a predominantly two-party voter base with some openness to alternative political perspectives.
64.39% of voters voted for the Republican party in the 2020 Presidential Election
34.40% of voters voted for the Democrat party in the 2020 Presidential Election
0.81% of voters voted for the Livertarian party in the 2020 Presidential Election
0.17% 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
In Roscommon County, Michigan, the student-to-teacher ratio has seen significant changes over the past decade, peaking at around 17 in 2021 before dropping to 12 in 2023, which is below the national average of 14. These trends could point to shifts in school funding, demographic changes, or evolving educational priorities, all of which may influence property values, housing demand, and overall community appeal. For those involved in real estate, monitoring these educational metrics might offer... Read more
Student-to-teacher ratio in Roscommon County, Michigan over the last 10 years
Over the last 10 years, the student-to-teacher ratio in Roscommon County, Michigan has seen notable fluctuations. Notably, the ratio peaked around 2016 and 2021, reaching approximately 15 and 17 students per teacher, respectively, before dropping significantly to a low of about 12 in 2023. While the 2023 figure is now below the national average of 14 students per teacher, previous years have generally hovered around or slightly exceeded this benchmark. For investors, appraisers, and real estate agents, these trends might suggest underlying shifts in school funding, population changes, or educational priorities, each of which could impact property values, demand for housing, and community attractiveness. By keeping an eye on such metrics, stakeholders could better gauge the area’s potential for future growth and stability.
