Shiawassee County Real Estate and Livability Trends
Shiawassee County, Michigan has seen median home values climb from $105,100 in 2015 to $151,900 in 2022, outperforming state trends, while real estate taxes almost doubled by 2019, reflecting rising property values. Despite the financial upturn, farm tax returns slightly declined, hinting at possible challenges in agriculture. Residential energy tax credits spiked in 2018, suggesting... Read more
Shiawassee County Market Trends
Shiawassee County, Michigan, has seen its median home values rise from $105,100 in 2015 to $151,900 in 2022, marking a significant growth rate compared to the state's median of $201,100. The area also experienced notable spikes in residential energy tax credits, particularly in 2018, indicating financial opportunities for energy-efficient home upgrades. Average real estate taxes rose from... Read more
Median Value of Occupied Housing Units in Shiawassee County, Michigan Over the Last 8 Years
Shiawassee County, Michigan, has experienced a substantial increase in median home values over the past eight years, growing from $105,100 in 2015 to $151,900 in 2022. Compared to the wider Michigan state trend, Shiawassee County's home values might seem lower, as the state's median value reached $201,100 by 2022. However, this local market's rate of growth is still impressive, highlighting its potential for real estate investors. Nationally, the median value was $179,400 in 2022, placing Shiawassee County as a potentially more affordable alternative while still providing a solid appreciation over time, an enticing factor for buyers and investors alike.
Residential Energy Tax Credit Per Tax Return in Shiawassee County, MI Over the Last 9 Years
Shiawassee County, Michigan has seen fluctuations in the average residential energy tax credit per tax return over the past nine years, with dramatic increases observed particularly in 2018 when the average spiked to $3,133.33. This suggests an unsteady but potentially lucrative area for homeowners and builders focusing on energy-efficient upgrades. These trends might be of particular interest to investors, real estate agents, and insurance agents aiming to understand the financial incentives in the region for energy-efficient property improvements.
Average Real Estate Taxes Per Tax Return in Shiawassee County, MI Over the Last 10 Years
Over the past decade, Shiawassee County, Michigan has seen a notable rise in average real estate taxes per tax return, reflecting a growing financial commitment for property owners. Starting from $2,404.56 in 2012 to a peak of $4,098.17 in 2019, this upward trend suggests increasing property values and possibly enhanced public services and infrastructure. Investors, potential movers, and real estate professionals might find this data indicative of a strong property market, although the higher tax burden may impact affordability. Appraisers might factor these steady increases into property valuations, while insurance agents could see implications for coverage costs. For those building or looking to invest in the area, understanding this trend is crucial for financial planning.
Percentage of Farm Returns in Shiawassee County, MI Over the Last 10 Years
Over the last decade, Shiawassee County, Michigan has seen a slight decrease in the percentage of farm tax returns filed, starting at approximately 2.99% in 2012 and edging down to around 2.65% by 2021. Farm tax returns indicate the number of taxpayers reporting income and expenses related to farming, suggesting a modest decline in farm operations reporting to tax authorities. This trend could imply challenges in the local agricultural economy or shifts in land use, which might be relevant for prospective investors, property developers, and residents considering relocating to the area.
Number of Mortgages by Occupancy Type in Shiawassee County, MI Over the Last 5 Years in Shiawassee County
In Shiawassee County, Michigan, the mortgage landscape over the last five years reveals fluctuating interest in various occupancy types. Notably, the highest number of mortgages were consistently for Principal Residences, peaking in 2021 with 4,823 mortgages, compared to a low of 3,183 in 2018. Investment Properties saw modest fluctuations, remaining relatively stable but with a slight decline from 115 mortgages in 2018 to 112 in both 2021 and 2022. Second Residences, while the smallest category, experienced a subtle rise, peaking at 46 mortgages in 2020. These variations can impact investors, movers, and builders by indicating shifts in the housing market's demand side, directly influencing property values, insurance rates, and real estate strategies. Changes in occupancy type signify evolving consumer priorities and can signal broader economic trends affecting homeownership and investment behaviors.
Economic Outlook
Shiawassee County, Michigan, has seen a consistent rise in average taxable income per tax return, climbing from about $44,067.20 in 2013 to around $59,457.93 by 2021. At the same time, average state and local income taxes have nearly doubled, suggesting increased economic activity or shifts in tax policies. Average total tax liability has also risen, hitting $8,068.07 in 2021, which could signal growing wealth and property values. Despite these financial gains, the percentage of residents under... Read more
Average Taxable Income per Tax Return in Shiawassee County, MI over the last 9 years
The average taxable income per tax return in Shiawassee County, Michigan has shown a general upward trend over the past nine years. Starting at approximately $44,067.20 in 2013, it has steadily increased each year, reaching about $59,457.93 in 2021. This consistent rise in taxable income could be indicative of economic growth in the area, potentially making it a promising location for real estate investment and development. For professionals like appraisers, insurance agents, and real estate agents, this upward trend is a valuable indicator of increasing financial health among residents.
Average State and Local Income Taxes Per Tax Return in Shiawassee County, MI Over the Last 10 Years
Over the past decade, Shiawassee County, Michigan has seen a notable upward trend in average state and local income taxes per tax return. Starting at approximately $3,871.21 in 2012, there has been a steady increase, reaching around $7,298.80 by 2021. The most significant jumps happened between 2017 and 2020, with a particularly sharp rise in 2018. This trend might suggest growing economic activity and/or changes in tax policies, which could be crucial for potential investors, new residents, or anyone looking to understand the financial landscape of the area.
Average Total Tax Liability Per Tax Return in Shiawassee County, MI Over the Last 10 Years
Shiawassee County, Michigan has seen a general upward trend in average total tax liability per tax return over the past decade, with notable increases from $5,865.76 in 2012 to $8,068.07 in 2021. This trend suggests a potential increase in overall wealth and property values, impacting investment and real estate opportunities. Those in appraisal, insurance, and property development might find this data useful for evaluating market conditions and forecasting future financial landscapes.
Cost of Living in Shiawassee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,162 | $1,335 | $1,581 | $1,572 | $1,126 |
| 1 adult 4 children | $1,162 | $1,090 | $1,215 | $1,572 | $1,248 |
| 2 adults 3 children | $1,162 | $1,091 | $1,369 | $1,572 | $946 |
| 1 adult 3 children | $1,162 | $890 | $1,003 | $1,572 | $1,046 |
| 2 adults 2 children | $858 | $893 | $1,157 | $1,372 | $824 |
| 1 adult 2 children | $858 | $667 | $791 | $1,372 | $771 |
| 2 adults 1 child | $858 | $706 | $945 | $720 | $732 |
| 1 adult 1 child | $858 | $456 | $578 | $720 | $622 |
| 2 adults | $652 | $567 | $732 | $0 | $577 |
| 1 adult | $648 | $309 | $366 | $0 | $496 |
Safety trends & Data
Shiawassee County in Michigan experienced notable property crime trends over the past five years. Burglary incidents spiked at 23 in 2021 but dramatically fell to 6 in 2022. Larceny-theft, while the most common crime, showed a steady decline from 59 in 2018 to 38 in 2022. Motor vehicle thefts remained relatively stable, with 5-6 occurrences annually. These trends could influence insurance premiums and property values, highlighting the importance for potential buyers, investors, and appraisers... Read more
Property Crime Trends in Shiawassee County, MI Over the Last 5 Years
Investors and real estate agents might find it notable that property crime in Shiawassee County, Michigan, saw fluctuations over the past five years, with significant variability in categories like burglary and larceny-theft. Burglary incidents peaked at 23 in 2021 while dropping to just 6 in 2022. Larceny-theft consistently remained the most frequent crime, though it showed a downward trend from 59 in 2018 to 38 in 2022. Motor vehicle thefts hovered consistently around 5-6 occurrences annually. These trends could impact insurance premiums and property values, making awareness critical for potential buyers, investors, and appraisers.
Demographics
Shiawassee County, Michigan's adult population shows a nearly balanced gender distribution with a slight lean toward females. Educational attainment suggests a majority have high school diplomas or some college experience, while fewer residents pursue higher degrees. The age distribution reveals a significant portion of the population is in the 55 to 64 age range, followed closely by those aged 25 to 34. Racially, the county is predominantly white, with minimal representation from other racial... Read more
Race Distribution in Shiawassee County, Michigan (2022)
Educational Attainment in Shiawassee County, Michigan (2022)
Age Distribution in Shiawassee County, Michigan
Citizen Population in Shiawassee County, Michigan (2022)
Political Trends & Data
In Shiawassee County, Michigan, the real estate market may be subtly influenced by its political leanings, with about 59% of votes favoring the GOP in the 2020 U.S. Presidential Election. Democratic support sits around 39%, showcasing a notable but less dominant presence. Minor parties like Libertarian and Green collectively account for a modest 2%, highlighting their limited sway in the area. This political makeup could potentially impact local housing demand, community engagement, and... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
The voting patterns in Shiawassee County, Michigan, suggest a Republican lean, with approximately 59% of votes cast for the GOP in the 2020 U.S. Presidential Election. The Democratic Party garnered close to 39% of the vote, which indicates a significant but not prevailing support. Minor parties like Libertarian, Green, and others collectively made up just around 2% of the total votes, reflecting their marginal influence in this county's political landscape.
59.02% of voters voted for the Republican party in the 2020 Presidential Election
39.13% of voters voted for the Democrat party in the 2020 Presidential Election
1.34% 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
0.27% of voters voted for the Other party in the 2020 Presidential Election
School Data
Shiawassee County, Michigan's student-to-teacher ratio shows notable variability, peaking at 23 students per teacher in 2018 and currently standing at around 17, which remains above the national average of 14. This higher ratio could suggest challenges in individualized classroom attention, affecting educational outcomes and in turn impacting property values. For investors, homebuyers, appraisers, and real estate agents, these trends highlight the community's commitment to schooling resources... Read more
Student-to-teacher ratio in Shiawassee County, Michigan over the last 10 years
Shiawassee County, Michigan has seen significant fluctuations in its student-to-teacher ratios over the past decade. The ratio peaked at 23 students per teacher in 2018 but has since decreased to around 17 in 2023, which is still above the national average of 14. This higher ratio might suggest potential challenges in providing individualized attention in classrooms, affecting both educational outcomes and property values. Investors, homebuyers, appraisers, and real estate agents may find these trends important as they reflect on both the quality of education and the community's commitment to investing in schooling resources. Such metrics could influence decisions on relocation, property development, and insurance evaluations.
