Saginaw County Real Estate and Livability Trends
Saginaw County, Michigan's real estate environment showcases significant trends worth noting. Median home values have risen from $92,900 in 2015 to $131,100 in 2022, albeit trailing national and state averages, suggesting potential for catch-up growth. Higher state and local income taxes, which have more than doubled, and a fluctuating poverty rate peaking at 21.1% might affect long-term... Read more
Saginaw County Market Trends
Saginaw County, Michigan has seen its median home values climb from $92,900 in 2015 to $131,100 in 2022, though they still trail behind national and state medians. Fluctuations in residential energy tax credits highlight a peak in 2018 with an average of $1,745.45 per tax return, indicating a possible surge in energy-efficient home upgrades, while recent averages suggest sustained interest in... Read more
Median Value of Occupied Housing Units in Saginaw County, Michigan Over the Last 8 Years
Saginaw County, Michigan has seen a steady increase in median home values over the past eight years, jumping from $92,900 in 2015 to $131,100 in 2022. While the county's growth is impressive, its values still lag behind the national median, which reached $179,400 in 2022, and the state of Michigan's median at $201,100. This could make Saginaw County an attractive option for investors or homebuyers looking for more affordable opportunities in a market that appears to have consistent upward momentum.
Residential Energy Tax Credit Per Tax Return in Saginaw County, MI Over the Last 9 Years
Residential energy tax credits in Saginaw County, Michigan have seen significant fluctuations over the past nine years. Notably, there was a substantial spike in 2018, hitting an average of $1,745.45 per tax return, which dwarfs the typical values observed in other years. This anomaly might suggest a large-scale adoption of energy-efficient upgrades during that period, presenting potential investment opportunities in green technology sectors. More recent years show a stabilization, with a notable higher average around $633.11 in 2021, suggesting sustained interest in energy efficiency. This could be an essential consideration for investors, real estate agents, and builders focusing on energy-efficient projects in the area.
Average Real Estate Taxes Per Tax Return in Saginaw County, MI Over the Last 10 Years
Over the past decade, average real estate taxes per tax return in Saginaw County, Michigan have seen a noticeable upward trend, roughly doubling from around $2,688.78 in 2012 to approximately $5,030.12 by 2021. The jump between 2017 to 2018 is particularly striking, with a significant increase from $3,242.47 to $4,426.16, potentially indicating changes in property valuations or tax policies. This steady rise could impact decisions for potential homebuyers, investors, and real estate professionals in the area, suggesting a closer look at factors influencing these tax hikes.
Percentage of Farm Returns in Saginaw County, MI Over the Last 10 Years
Farm tax returns in Saginaw County, Michigan over the past decade have shown a gradual decline, with values starting at approximately 1.26% in 2012 and dropping to around 1.12% by 2021. This data might suggest a decrease in the number of farms or profitability in the county, which could be concerning for those looking to invest in agricultural ventures or considering the local economy's health. Such trends could impact property values, local business investments, and economic development plans in the area. Potential residents and investors should consider these factors when making informed decisions about engaging with Saginaw County.
Number of Mortgages by Occupancy Type in Saginaw County, MI Over the Last 5 Years in Saginaw County
Saginaw County, Michigan has seen varying trends in mortgage counts by occupancy type over the last five years. Principal residences dominate the market, showing a peak in 2021 with 8,968 mortgages before dropping to 6,197 in 2022. Investment properties have shown a modest increase from 257 mortgages in 2018 to 368 in 2021, though slightly decreasing to 323 in 2022. Second residences remain a small fraction, with entries typically well below one hundred each year. Such shifts may signal changing perceptions of economic stability and attractiveness of the area for both homebuyers and investors, impacting real estate strategies, valuation, risk assessments, and community development.
Economic Outlook
Saginaw County, Michigan has seen a steady rise in average taxable income per tax return, climbing from around $45,184.70 in 2013 to approximately $61,940.37 in 2021. This suggests increasing prosperity and economic growth, possibly attracting investors and real estate developers. Meanwhile, average state and local income taxes per tax return have more than doubled from roughly $4,930.45 in 2012 to about $11,163.74 in 2021. The higher tax rates could influence decisions to invest or build in... Read more
Average Taxable Income per Tax Return in Saginaw County, MI over the last 9 years
Over the past nine years, Saginaw County, MI has seen a steady increase in average taxable income per tax return, rising from approximately $45,184.70 in 2013 to around $61,940.37 in 2021. This upward trend indicates potential economic growth and increasing prosperity within the region, possibly making it more attractive for investors and real estate developers. The notable jump in average income especially since 2020 may hint at new opportunities for local businesses and a potentially higher demand in the housing market.
Average State and Local Income Taxes Per Tax Return in Saginaw County, MI Over the Last 10 Years
Over the past decade, Saginaw County, Michigan has seen a significant increase in average state and local income taxes per tax return. Starting at around $4,930.45 in 2012, the figure has more than doubled to approximately $11,163.74 by 2021. There's a particularly sharp rise noted from 2017 to 2018, where taxes jumped from about $5,711.21 to $8,837.80. This upward trend may influence decisions for those considering relocating, investing, or building property in the county, as the higher tax rates could impact overall living and operational costs.
Average Total Tax Liability Per Tax Return in Saginaw County, MI Over the Last 10 Years
Over the past decade, Saginaw County, Michigan has experienced a notable increase in average total tax liability per tax return, rising from $7,152.74 in 2012 to $9,820.35 by 2021. Key spikes in 2015, 2017, and especially 2021 suggest economic activities influencing higher tax liabilities, which could indicate growing incomes or property values. This trend may interest investors, property developers, and real estate agents looking at Saginaw County for its potential upside in financial growth and real estate value appreciation.
Cost of Living in Saginaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,186 | $1,371 | $1,590 | $1,652 | $1,150 |
| 1 adult 4 children | $1,186 | $1,120 | $1,222 | $1,652 | $1,270 |
| 2 adults 3 children | $1,186 | $1,120 | $1,376 | $1,652 | $966 |
| 1 adult 3 children | $1,186 | $915 | $1,008 | $1,652 | $1,064 |
| 2 adults 2 children | $931 | $917 | $1,163 | $1,442 | $852 |
| 1 adult 2 children | $931 | $685 | $795 | $1,442 | $806 |
| 2 adults 1 child | $931 | $725 | $950 | $757 | $751 |
| 1 adult 1 child | $931 | $468 | $582 | $757 | $637 |
| 2 adults | $707 | $582 | $736 | $0 | $574 |
| 1 adult | $623 | $318 | $368 | $0 | $472 |
Safety trends & Data
Saginaw County, Michigan's property crime rates have fluctuated over the last five years, with a notable rise in larceny-theft peaking at 513.00 incidents in 2018 before dropping in 2020 and gradually increasing again. Burglary and motor vehicle theft numbers have remained relatively stable, with slight upticks in 2022. While arson, embezzlement, and fraud have stayed low, these trends highlight areas that may need more security or present safer investment opportunities for real estate... Read more
Property Crime Trends in Saginaw County, MI Over the Last 5 Years
Over the last five years, Saginaw County, Michigan has experienced fluctuating property crime rates, with a notable surge in larceny-theft in recent years, peaking at 513.00 incidents in 2018 and dipping significantly in 2020 before gradually rising again. Burglary and motor vehicle theft numbers have been relatively stable but saw slight increases in 2022. Other crimes like arson, embezzlement, and fraud have remained low but consistent, reflecting a relatively stable but vigilant environment. These trends are crucial for investors, potential residents, appraisers, and real estate agents to understand, indicating areas that may require enhanced security measures or offer safer investment opportunities.
Demographics
Saginaw County, Michigan presents a diverse demographic landscape with a population where females slightly outnumber males. Educational attainment shows a strong base in high school graduates and some college education, yet fewer residents have pursued graduate or professional degrees. The age distribution hints at a relatively balanced age spread with notable clusters in the 25-34 and 55-64 brackets. Racially, the community is predominantly White at around $137,164, but it also includes... Read more
Race Distribution in Saginaw County, Michigan (2022)
Educational Attainment in Saginaw County, Michigan (2022)
Age Distribution in Saginaw County, Michigan
Citizen Population in Saginaw County, Michigan (2022)
Political Trends & Data
Saginaw County in Michigan saw closely contested results in the 2020 U.S. Presidential Election, with Democrats edging out Republicans by a small margin. This balanced political environment might indicate a battleground area where both major parties could invest heavily in future... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Saginaw County, Michigan, the 2020 U.S. Presidential Election results were almost evenly split between Republican and Democrat voters, with Democrats slightly ahead. Libertarian, Green, and other parties garnered only a negligible portion of the vote. These results hint at a highly competitive political landscape, which could suggest significant campaign efforts from both major parties in future elections.
49.14% of voters voted for the Republican party in the 2020 Presidential Election
49.43% of voters voted for the Democrat party in the 2020 Presidential Election
0.97% 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
0.23% of voters voted for the Other party in the 2020 Presidential Election
School Data
Saginaw County, Michigan's student-to-teacher ratio has seen significant swings over the past decade, with peaks like 31 students per teacher in 2014 and a recent spike to 27 in 2022, before settling at 19 in 2023. While still above the national average of around 14 students, these fluctuations can influence educational quality, a key factor for families moving to the area. This variability is also relevant for real estate agents promoting local schools, property appraisers, investors,... Read more
Student-to-teacher ratio in Saginaw County, Michigan over the last 10 years
Saginaw County, Michigan has experienced notable fluctuations in its student-to-teacher ratio over the last decade, peaking at an alarming 31 students per teacher in 2014 before ultimately declining to approximately 19 in 2023. This is still above the national average of around 14 students. The volatile range, especially the spike in 2022 to 27 students, could signal shifts in resource allocation, district policies, or population changes. These variations might impact educational quality, which is critical for families deciding to move to the area, real estate agents promoting local schools, and appraisers evaluating property value. Investors and builders should also consider these dynamics, as well as insurance agents who might assess risks differently with variations in local school environments.
