Schoolcraft County Real Estate and Livability Trends
Schoolcraft County, Michigan has seen a notable rise in average taxable income, from $43,241.82 in 2013 to $58,777.06 by 2021, suggesting potential for investment. Median home values have climbed from $89,000 in 2015 to $129,100 in 2022, though they still lag behind state and national averages, hinting at growth opportunities for investors. The student-to-teacher ratio has increased... Read more
Schoolcraft County Market Trends
In Schoolcraft County, Michigan, median home values have steadily climbed from $89,000 in 2015 to $129,100 in 2022, yet still trail state and national averages. This gap could hint at untapped growth potential for savvy investors. The average residential energy tax credit has shown significant peaks and troughs, reflecting a dynamic energy-efficiency landscape, potentially attractive for those... Read more
Median Value of Occupied Housing Units in Schoolcraft County, Michigan Over the Last 8 Years
Median home values in Schoolcraft County, Michigan have shown a steady upward trend over the last eight years, increasing from $89,000 in 2015 to $129,100 in 2022. This rise, while consistent, lags behind both the state of Michigan and the national averages. In comparison, Michigan's median values rose from $122,400 to $201,100, and the national average went from $125,500 to $179,400 during the same period. This disparity might suggest potential for value growth in Schoolcraft County, making it an intriguing option for investors and homebuyers looking for more affordable entry points with growth potential.
Residential Energy Tax Credit Per Tax Return in Schoolcraft County, MI Over the Last 8 Years
Over the last eight years in Schoolcraft County, Michigan, the average residential energy tax credit per tax return has shown significant fluctuations. It peaked in 2014 at $550.00, suggesting possible increased incentives or higher adoption of energy-efficient practices that year. Notably, there's been a consistent value of $300.00 from 2015 to 2017, which might indicate a period of policy stability or consistent investment levels. The variation indicates a dynamic adoption landscape, potentially influenced by changing regulations, economic conditions, or awareness levels. For those interested in real estate, investment, or insurance in the area, these trends could reflect broader economic health and community engagement in sustainability efforts.
Average Real Estate Taxes Per Tax Return in Schoolcraft County, MI Over the Last 10 Years
Over the last decade, Schoolcraft County, Michigan has experienced fluctuations in the average real estate taxes per tax return, peaking notably at $4,060.00 in 2019 compared to a low of $2,393.75 in 2012. Despite periodic declines, the general trend shows an upward trajectory, reflecting a potential increase in property values or tax rates. This could be relevant for investors, appraisers, and real estate agents anticipating market behavior, as well as for residents and prospective homeowners assessing long-term financial commitments.
Percentage of Farm Returns in Schoolcraft County, MI Over the Last 10 Years
Schoolcraft County, Michigan has seen a fluctuating percentage of farm tax returns over the past decade, with values generally hovering around 1.08% in 2012 and reaching a low of approximately 0.77% in 2017. Farm tax returns are a critical indicator of the presence and economic health of agricultural activity in the area. This metric can be especially insightful for those looking to invest in local agricultural enterprises, build property on farmland, or move to a rural community with an agricultural base. The slight dips and peaks over the years could suggest varying levels of agricultural stability and profitability which might influence property values and economic opportunities in the region.
Number of Mortgages by Occupancy Type in Schoolcraft County, MI Over the Last 5 Years in Schoolcraft County
Investment in different occupancy types in Schoolcraft County, Michigan shows fluctuating interest. While principal residences consistently lead, peaking in 2021 with 239 mortgages, investment properties, and second residences reveal lower but varied demand. Noting these shifts could matter for investors and real estate agents identifying evolving market trends. Particularly, a dip in investment properties from 12 in 2020 to 5 in 2022 might signal a cooling market, while fluctuations in second residences indicate changing recreational or secondary home interest. Appraisers and insurance agents may use these trends to better assess property values and risks, and those planning to build or move here can better gauge the community's evolving profile.
Economic Outlook
Schoolcraft County, Michigan has experienced a significant rise in average taxable income, growing from $43,241.82 in 2013 to $58,777.06 by 2021. This trend suggests a potentially improving local economy, attractive for investors and property developers. Alongside, state and local income taxes have nearly doubled over the past decade, indicating higher local income levels. With total tax liabilities also seeing a steep rise since 2016, reflecting changes in economic conditions and tax policies,... Read more
Average Taxable Income per Tax Return in Schoolcraft County, MI over the last 9 years
Schoolcraft County, Michigan has seen a steady increase in average taxable income over the past nine years. Starting at $43,241.82 in 2013, it has grown to $58,777.06 by 2021. This gradual rise, punctuated by notable jumps in 2018 and 2021, suggests a potentially improving local economy and could be appealing for investors, property developers, and real estate agents. Current and prospective residents might find this indicative of a community with increasing financial health. However, appraisers and insurance agents should consider these trends when evaluating policies and property values in the area.
Average State and Local Income Taxes Per Tax Return in Schoolcraft County, MI Over the Last 10 Years
Schoolcraft County, Michigan has seen a notable increase in average state and local income taxes per tax return over the last decade. In 2012, the average tax was approximately $3,580.36, rising to around $7,162.50 by 2021. Significant jumps occurred notably between 2017 and 2019, with the average tax increasing from $4,517.00 to $8,262.50. This steady upward trend could signal a growth in local income levels, potentially making the county an attractive area for future investments, housing developments, and businesses looking to tap into a financially capable community.
Average Total Tax Liability Per Tax Return in Schoolcraft County, MI Over the Last 10 Years
Over the past decade, Schoolcraft County, Michigan has seen a substantial increase in average total tax liability per tax return, rising from $5,435.00 in 2012 to $7,940.07 in 2021. Particularly notable is the steep rise starting in 2016, suggesting a growing tax burden that potential investors, home buyers, and business owners should consider. This trend may reflect changes in local economic conditions, shifts in population demographics, or adjustments in tax policy, which could impact property values, insurance rates, and overall cost of living in the county.
Cost of Living in Schoolcraft County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,089 | $1,420 | $2,100 | $1,107 | $1,221 |
| 1 adult 4 children | $1,089 | $1,159 | $1,608 | $1,107 | $1,306 |
| 2 adults 3 children | $1,089 | $1,160 | $1,822 | $1,107 | $1,005 |
| 1 adult 3 children | $1,089 | $947 | $1,329 | $1,107 | $1,061 |
| 2 adults 2 children | $826 | $949 | $1,543 | $959 | $871 |
| 1 adult 2 children | $826 | $709 | $1,050 | $959 | $783 |
| 2 adults 1 child | $826 | $750 | $1,264 | $480 | $799 |
| 1 adult 1 child | $826 | $485 | $771 | $480 | $650 |
| 2 adults | $628 | $603 | $985 | $0 | $679 |
| 1 adult | $571 | $329 | $493 | $0 | $546 |
Safety trends & Data
Property crime trends in Schoolcraft County, Michigan, over the past five years have shown fluctuations rather than a consistent rise or decline. There were notable spikes in vandalism in 2021 and 2022, reaching 8.0 and 10.0 arrests, respectively. Burglaries peaked in 2021 with 7.0 arrests, while embezzlement and fraud remained relatively low. Larceny-theft incidents varied, with 8.0 arrests both in 2019 and 2022. These patterns could interest investors and real estate agents evaluating area... Read more
Property Crime Trends in Schoolcraft County, MI Over the Last 5 Years
Property crime trends in Schoolcraft County, Michigan, over the past five years suggest fluctuations rather than a consistent rise or decline. The number of vandalism occurrences spiked notably in 2021 and 2022, reaching 8.0 and 10.0 arrests, respectively. Burglaries peaked in 2021 at 7.0 arrests, while embezzlement and fraud have remained relatively low and sporadic. Larceny-theft incidents varied, with 8.0 arrests in both 2019 and 2022, indicating potential cyclical or situational influences. These patterns may be of interest to investors and real estate agents evaluating the stability and safety of the area, as well as appraisers and insurance agents assessing risk.
Demographics
Schoolcraft County, Michigan exhibits a balanced gender distribution with a nearly even split between male and female residents. Educational attainment levels suggest a community with a strong penchant for high school education, yet relatively fewer individuals hold bachelor's or graduate-level degrees compared to those with some college experience or associate degrees. The age distribution highlights a significant proportion of residents aged 55 and over, possibly indicating an older... Read more
Race Distribution in Schoolcraft County, Michigan (2022)
Educational Attainment in Schoolcraft County, Michigan (2022)
Age Distribution in Schoolcraft County, Michigan
Citizen Population in Schoolcraft County, Michigan (2022)
Political Trends & Data
In Schoolcraft County, Michigan, the 2020 Presidential election might suggest a conservative-leaning voter base, with about 65% voting for the Republican candidate and roughly 33% for the Democrat. Libertarians and other minor parties captured less than 1% each, indicating their limited influence. This political landscape could influence local real estate trends, as conservative areas might attract buyers seeking like-minded... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Schoolcraft County, Michigan, the 2020 Presidential election likely reflected a strong Republican leaning with approximately 65% of the votes going to the Republican candidate. Democrats received around 33%, while Libertarians and other minor parties collectively garnered a small fraction of the electorate, each below 1%. This distribution potentially indicates a predominantly conservative voter base in this county.
65.12% of voters voted for the Republican party in the 2020 Presidential Election
33.49% 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
0.25% of voters voted for the Green party in the 2020 Presidential Election
0.30% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Schoolcraft County, Michigan, the student-to-teacher ratio has notably varied, soaring to over 20 in 2022 from around 15 in 2014, which is considerably higher than the national average of 14. This trend could influence investment in local education infrastructure and play a crucial role for families prioritizing school quality. Real estate agents might leverage these stats to address class size concerns, affecting property values near schools. Builders and insurance agents could also... Read more
Student-to-teacher ratio in Schoolcraft County, Michigan over the last 10 years
Schoolcraft County, Michigan has experienced significant fluctuations in its student-to-teacher ratio over the last decade. Starting at approximately 15 students per teacher in 2014, the ratio saw a peak in 2022 at over 20, well above the national average of 14. This shift could impact investment in local education infrastructure, as potential investors or new residents may weigh the quality and attention in schools. Real estate agents might highlight these ratios to families concerned about class sizes, and appraisers might consider them when valuing properties near schools. Insurance agents and builders could also find these trends relevant for risk assessments and development planning.
