St. Joseph County Real Estate and Livability Trends
St. Joseph County, Michigan has seen an upward trend in home values, climbing from $105,900 in 2015 to $152,800 in 2022, a figure that still trails state and national averages, potentially making it an appealing spot for investment. Average taxable income per tax return significantly rose from $42,913.35 in 2013 to $63,481.11 in 2021, suggesting economic improvement. The jump in state and local... Read more
St. Joseph County Market Trends
St. Joseph County, Michigan has seen home values increase steadily from $105,900 in 2015 to $152,800 in 2022, still trailing state and national averages which might present attractive investment opportunities due to its relative affordability. Residential energy tax credits experienced significant fluctuations, notably peaking in 2018, indicating brief but intensive periods of energy-efficient... Read more
Median Value of Occupied Housing Units in St. Joseph County, Michigan Over the Last 8 Years
The median home values in St. Joseph County, Michigan, have seen a steady rise over the last eight years, jumping from $105,900 in 2015 to $152,800 in 2022. This growth trend appears to be significant when compared to both state and national levels. For context, Michigan's median home values increased from $122,400 to $201,100 over the same period, while the national median went from $125,500 to $179,400. This suggests that while St. Joseph County’s home values are growing, they remain significantly lower than both state and national averages. This could present attractive investment opportunities, affordability for new residents, or potential for property development given its relatively lower entry price.
Residential Energy Tax Credit Per Tax Return in St. Joseph County, MI Over the Last 9 Years
Residential energy tax credits in St. Joseph County, Michigan have seen notable fluctuations over the past nine years, with the average amount per tax return peaking dramatically in 2018 at $1,730.00. This surge suggests a significant, albeit short-lived, spike in energy-efficient home improvements or upgrades during that year. A more stable trend is observed in other years, with 2017 experiencing a noticeable increase to $562.07 before dropping to $710.26 in 2019. The data for 2021 indicates a renewed interest, with averages reaching $967.80. This information could be pivotal for investors, real estate agents, and builders looking to gauge the financial incentives associated with energy-efficient upgrades in the area.
Average Real Estate Taxes Per Tax Return in St. Joseph County, MI Over the Last 10 Years
Over the past decade, real estate taxes per tax return in St. Joseph County, Michigan have experienced a significant upward trend. Starting from $2,485.71 in 2012, there's been a notable increase, peaking at $5,057.75 by 2021. The most substantial jumps seem to have occurred between 2017 and 2018, then continuing a steady rise, which may indicate increasing property values and potentially more robust municipal services or higher budget needs. This matters for investors, potential residents, and real estate professionals as it highlights the escalating cost of ownership in this area.
Percentage of Farm Returns in St. Joseph County, MI Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in St. Joseph County, Michigan, has shown a subtle decline, moving from approximately 2.90% in 2012 to around 2.35% in 2021. This trend might suggest a gradual shift in the county's economic landscape or possibly indicate changes in agricultural profitability and land use. While the decrease seems slight, it could be a signal to potential investors or new residents about evolving investment opportunities or shifting economic priorities in the region. These figures offer insights into local economic health and can help inform decisions related to property investment, business development, or relocation strategies in St. Joseph County.
Number of Mortgages by Occupancy Type in St. Joseph County, MI Over the Last 5 Years in St. Joseph County
Over the past five years in St. Joseph County, Michigan, there seems to be a stable trend in the number of investment property mortgages, fluctuating slightly but staying relatively low compared to other occupancy types. Principal residences command the largest share of mortgages, peaking in 2021, which might suggest heightened activity due to market conditions or demographic shifts. Second residences show modest activity, with slight decreases observed recently. Changes in the number of mortgages by occupancy type can indicate shifts in market demand and usage patterns, which are crucial for potential investors, real estate agents, and developers to understand. Variations in occupancy types could also impact property value assessments and insurance risks, affecting both appraisals and policy rates.
Economic Outlook
St. Joseph County, Michigan has experienced an impressive rise in average taxable income per tax return, growing from $42,913.35 in 2013 to $63,481.11 in 2021, suggesting a healthier economic climate. The significant jump in state and local income taxes, from $4,408.01 in 2012 to $13,097.22 in 2021, might mean a bolstering economic base or a change in tax laws, impacting the financial planning landscape for investors and residents alike. Additionally, the average total tax liability per return... Read more
Average Taxable Income per Tax Return in St. Joseph County, MI over the last 9 years
St. Joseph County, Michigan, has seen a general upward trend in average taxable income per tax return from $42,913.35 in 2013 to $63,481.11 in 2021. This growth suggests an improving economic landscape, potentially making the area a more attractive option for investment and property development. For real estate agents and appraisers, the rising income might indicate increasing property values and a more affluent clientele. Insurance agents could interpret this trend as a shift towards potentially higher-value policies, reflecting the community's enhanced economic standing.
Average State and Local Income Taxes Per Tax Return in St. Joseph County, MI Over the Last 10 Years
St. Joseph County, Michigan has seen a notable upward trajectory in average state and local income taxes per tax return over the past decade, with an increase from around $4,408.01 in 2012 to approximately $13,097.22 in 2021. This sharp rise, particularly substantial after 2017, may suggest a growing economic base or shifts in local tax policies. For investors, homebuyers, and current residents, understanding these tax trends could be pivotal in financial planning and evaluating the overall cost of living in the area.
Average Total Tax Liability Per Tax Return in St. Joseph County, MI Over the Last 10 Years
In St. Joseph County, Michigan, the average total tax liability per tax return reveals some notable trends over the past decade. From 2012 to 2017, tax liability showed a gradual increase, climbing from $6,427.10 to $7,350.02, likely reflecting incremental income growth. A slight dip was seen in 2018 and 2019, with values of $7,032.83 and $6,917.61 respectively, perhaps tied to economic fluctuations or changes in tax laws. The liability rebounded in 2020 to $7,155.00 and saw a significant spike in 2021, reaching $9,360.13. This sharp rise could imply a substantial increase in income levels or changes in tax policy, signaling potential changes in the local economy that investors, real estate agents, and residents might want to explore further.
Cost of Living in St. Joseph County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,115 | $1,315 | $1,755 | $1,193 | $1,034 |
| 1 adult 4 children | $1,115 | $1,074 | $1,341 | $1,193 | $1,120 |
| 2 adults 3 children | $1,115 | $1,074 | $1,524 | $1,193 | $857 |
| 1 adult 3 children | $1,115 | $877 | $1,109 | $1,193 | $914 |
| 2 adults 2 children | $826 | $879 | $1,292 | $1,034 | $762 |
| 1 adult 2 children | $826 | $657 | $878 | $1,034 | $674 |
| 2 adults 1 child | $826 | $695 | $1,060 | $517 | $700 |
| 1 adult 1 child | $826 | $449 | $646 | $517 | $579 |
| 2 adults | $643 | $558 | $828 | $0 | $602 |
| 1 adult | $571 | $305 | $414 | $0 | $496 |
Safety trends & Data
St. Joseph County, Michigan experienced significant shifts in property crime over the past five years. Burglary and larceny-theft incidents initially surged, peaking at 109 larceny-theft cases in 2019, before declining sharply. Vandalism and motor vehicle theft, however, have shown more erratic trends, remaining notable concerns. These patterns potentially reflect changing criminal behaviors and law enforcement strategies, valuable for investors, real estate agents, and residents evaluating... Read more
Property Crime Trends in St. Joseph County, MI Over the Last 5 Years
St. Joseph County, Michigan has seen notable fluctuations in property crime over the past five years. Burglary and larceny-theft incidents initially surged, especially in 2019, with larceny-theft peaking at 109 cases before witnessing a sharp decline in subsequent years. Meanwhile, vandalism and motor vehicle theft have exhibited a more erratic pattern but remained prominent concerns. This trend may indicate evolving criminal behaviors and law enforcement efforts, providing valuable insights for potential investors, real estate agents, and residents looking to assess the area's safety and property values.
Demographics
In St. Joseph County, Michigan, the population displays a nearly even split between male and female adults. Educational attainment generally peaks at the high school level, with a significant portion not advancing beyond some college. The age distribution is skewed toward the older demographics, particularly those aged 55 and above. The population is predominantly White, with very limited representation from other racial groups, notably Black or African American, Asian, and other... Read more
Race Distribution in St. Joseph County, Michigan (2022)
Educational Attainment in St. Joseph County, Michigan (2022)
Age Distribution in St. Joseph County, Michigan
Citizen Population in St. Joseph County, Michigan (2022)
Political Trends & Data
Saint Joseph County, Michigan, demonstrated a significant preference for the Republican party in the 2020 Presidential Election, with Republicans capturing about 65% of the vote. Democrats lagged at around 33%, indicating a strong conservative presence which might shape local and state political dynamics. Libertarians and other minor parties combined received less than 2%, hinting at limited appeal beyond the two major... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Saint Joseph County, Michigan saw a notable lean toward the Republican party in the 2020 U.S. Presidential Election, with Republicans capturing approximately 65% of the vote. Democrats trailed with around 33%, while Libertarians and other smaller parties collectively garnered a negligible share, barely scratching 2% together. This could suggest a strong conservative presence or voter base in the county, potentially influencing local and state political dynamics.
64.89% of voters voted for the Republican party in the 2020 Presidential Election
33.15% of voters voted for the Democrat party in the 2020 Presidential Election
1.49% of voters voted for the Livertarian party in the 2020 Presidential Election
0.23% 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
Over the past decade, the student-to-teacher ratio in St. Joseph County, Michigan has consistently exceeded the national average of 14 students per teacher, and recent years have seen notable peaks, reaching as high as 27 students per teacher in 2023. These elevated ratios could raise concerns for parents seeking individualized attention for their children, which might influence family decisions on where to settle. This trend could impact property values and market demand, making it a relevant... Read more
Student-to-teacher ratio in St. Joseph County, Michigan over the last 10 years
Over the past decade, the student-to-teacher ratio in St. Joseph County, Michigan has consistently exceeded the national average of 14 students per teacher, with notable peaks in recent years. From 2014 to 2020, ratios fluctuated between 17 and 20, but there has been a sharp increase from 2021 onward, with the ratio reaching as high as 27 students per teacher in 2023. These elevated ratios could indicate potential challenges in providing individualized attention to students, which might be a point of concern for parents considering relocating to the area. For investors and real estate agents, higher student-to-teacher ratios might influence family decisions on settlements, potentially affecting property values and market demand. Similarly, insurance agents and appraisers might consider these ratios when assessing risk and property attractiveness.
