Tuscola County Real Estate and Livability Trends
Tuscola County, Michigan has seen a rise in median home values from $93,700 in 2015 to $127,200 in 2022, though still below Michigan's state average of $201,100. This market could be particularly appealing for budget-conscious buyers. Additionally, increases in real estate taxes from $2,079.25 in 2012 to around $3,589.13 by 2021 may reflect growing property values. Mortgage data suggests a strong... Read more
Tuscola County Market Trends
Tuscola County’s median home values grew from $93,700 in 2015 to $127,200 in 2022, still below Michigan’s state average of $201,100 and the national average of $179,400, making it potentially attractive for budget-conscious buyers. There has been considerable variability in residential energy tax credits, notably spiking to $2,900.00 in 2018 before stabilizing at elevated levels, which could... Read more
Median Value of Occupied Housing Units in Tuscola County, Michigan Over the Last 8 Years
Tuscola County, Michigan has seen consistent growth in median home values over the past eight years, increasing from $93,700 in 2015 to $127,200 in 2022. Although values have risen, they still lag behind both the state average for Michigan, which grew to $201,100 in 2022, and the national average, which reached $179,400 the same year. This slower rate of increase might make Tuscola County appealing for buyers seeking more affordable options relative to broader trends in both Michigan and across the United States.
Residential Energy Tax Credit Per Tax Return in Tuscola County, MI Over the Last 9 Years
Over the past nine years in Tuscola County, Michigan, there's been notable variability in residential energy tax credits per tax return, reflecting potential shifts in energy-efficient investments and policy changes. The average credit saw a substantial spike in 2018, reaching $2900.00, a value significantly higher compared to other years. Even with this peak, subsequent years didn’t return to earlier lower levels, maintaining relatively elevated figures like $928.57 in 2019 and $748.21 in 2021. These trends may be insightful for investors, builders, and real estate agents looking to understand the financial incentives in energy-efficient housing within the county.
Average Real Estate Taxes Per Tax Return in Tuscola County, MI Over the Last 10 Years
Over the past decade in Tuscola County, Michigan, average real estate taxes per tax return have seen notable increases. Starting at $2,079.25 in 2012, they climbed steadily, surpassing $3,000 by 2018. By 2021, this figure reached approximately $3,589.13. This upward trajectory may indicate growing property values or tax adjustments, important for potential investors, homeowners, and related professionals to consider.
Percentage of Farm Returns in Tuscola County, MI Over the Last 10 Years
Over the last 10 years, the percentage of farm returns in Tuscola County, Michigan, has slightly fluctuated. From a high of approximately 4.05% in 2013 to a low near 3.69% in 2020, the changes show a pattern of stability with minor dips and rises. Farm tax returns are essentially financial declarations that reflect the income derived from agricultural activities, serving as indicators of economic health in the agricultural sector. Investors or new residents can use these metrics to gauge the stability and potential of the farming economy, which can influence decisions on buying property or investing in local businesses.
Number of Mortgages by Occupancy Type in Tuscola County, MI Over the Last 5 Years in Tuscola County
Mortgages for principal residences in Tuscola County, Michigan, have consistently outstripped those for investment properties or second residences over the last five years, peaking at 2617 in 2021. This trend suggests a strong demand for owner-occupied housing, which might appeal to investors seeking a stable market, and insurers could see such properties as lower risk. The fluctuation in investment property mortgages, with highest in 2021 at 71, indicates an intermittent interest in rental or resale properties, potentially signaling changing economic or demographic factors. The relatively low and stable presence of second residences could imply a lesser focus on vacation homes, affecting real estate agents and developers targeting luxury or seasonal markets. Those planning to move or build in the area might consider the dominant presence of principal residences as an indicator of community stability.
Economic Outlook
Tuscola County, Michigan has seen a steady rise in average taxable income per tax return, climbing from about $41,969.48 in 2013 to roughly $54,288.74 by 2021. This upward trend may hint at a strengthening local economy and better earning opportunities. Interestingly, the average state and local income taxes have also surged, jumping significantly between 2017 and 2018 from $4,733.72 to $6,657.14, reaching $7,200.00 by 2021. Total tax liability per tax return followed a similar trajectory, with... Read more
Average Taxable Income per Tax Return in Tuscola County, MI over the last 9 years
Tuscola County, Michigan has seen a consistent rise in average taxable income per tax return over the past nine years, creeping from around $41,969.48 in 2013 to approximately $54,288.74 by 2021. This gradual increase may suggest a strengthening local economy and potentially higher earning opportunities for residents. Real estate agents, appraisers, and investors might view this trend as a positive indicator for property values and market stability. For insurance agents, this could imply more disposable income for coverage or premium options. These financial shifts are essential for anyone engaged in the area's economic or housing market.
Average State and Local Income Taxes Per Tax Return in Tuscola County, MI Over the Last 10 Years
In Tuscola County, Michigan, the average state and local income taxes per tax return have shown a noticeable increase over the last decade. From $3,718.49 in 2012, the average has risen to $7,200.00 by 2021. A significant jump occurred between 2017 and 2018, where taxes escalated from $4,733.72 to $6,657.14. This upward trend might indicate economic growth or changes in tax policies, essential factors for potential investors and residents to consider.
Average Total Tax Liability Per Tax Return in Tuscola County, MI Over the Last 10 Years
Tuscola County, Michigan has seen a steady increase in total tax liability per tax return over the past decade, particularly noteworthy is the jump to $6,816.19 in 2021, indicative of probable shifts in income levels or changes in tax policy. Between 2012 and 2017, the tax liability grew steadily from approximately $5,465.08 to $6,083.87 before experiencing a dip in 2018. This trend is essential for appraisors, real estate agents, and investors as it may reflect the evolving economic landscape and tax burden residents face, affecting property values and financial planning strategies.
Cost of Living in Tuscola County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,151 | $1,299 | $1,623 | $1,181 | $1,019 |
| 1 adult 4 children | $1,151 | $1,061 | $1,239 | $1,181 | $1,117 |
| 2 adults 3 children | $1,151 | $1,061 | $1,410 | $1,181 | $850 |
| 1 adult 3 children | $1,151 | $866 | $1,026 | $1,181 | $917 |
| 2 adults 2 children | $826 | $869 | $1,196 | $1,023 | $747 |
| 1 adult 2 children | $826 | $649 | $812 | $1,023 | $665 |
| 2 adults 1 child | $826 | $687 | $982 | $512 | $690 |
| 1 adult 1 child | $826 | $443 | $598 | $512 | $576 |
| 2 adults | $689 | $552 | $768 | $0 | $608 |
| 1 adult | $571 | $301 | $384 | $0 | $496 |
Safety trends & Data
Tuscola County, Michigan has experienced variable trends in property crime over the past five years, potentially impacting real estate decisions. Larceny-theft incidents peaked at 114 in 2022, and burglary rates also spiked after prior declines. Vandalism saw notable increases in 2019 and 2022, though motor vehicle theft remained stable. Despite generally low numbers, embezzlement and forgery cases are still present, highlighting a growing concern for property security among investors,... Read more
Property Crime Trends in Tuscola County, MI Over the Last 5 Years
Over the past five years, Tuscola County, Michigan has seen notable fluctuations in property crimes. Larceny-theft incidents have generally increased, peaking at 114 in 2022, while burglary numbers spiked in 2022 after a decline in previous years. Motor vehicle theft rates remained relatively stable, however, vandalism saw a significant rise in 2019 and again in 2022. Embezzlement and forgery cases have been generally low but not negligible. Overall, these trends might suggest a growing concern for property security and could influence decisions for potential investors, residents, and those involved in real estate and property management.
Demographics
Tuscola County, Michigan exhibits a roughly balanced gender distribution among adults, with a slight male majority. The population is predominantly White, with racial minorities making up a small percentage. Educational attainment shows potential areas for growth, as a significant portion of residents have only completed high school, with fewer holding associate, bachelor's, or advanced degrees. The age demographic reveals a mature population, where those aged 55 years and over constitute a... Read more
Race Distribution in Tuscola County, Michigan (2022)
Educational Attainment in Tuscola County, Michigan (2022)
Age Distribution in Tuscola County, Michigan
Citizen Population in Tuscola County, Michigan (2022)
Political Trends & Data
In Tuscola County, Michigan, the 2020 U.S. Presidential Election results reveal a strong Republican preference, with nearly 69% of votes. Democrats secured roughly 30%, while Libertarians, Greens, and others grabbed a mere 1.4%. This trend might point to underlying regional political inclinations, potentially shaping future campaign strategies and voter outreach... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Tuscola County, Michigan, the 2020 U.S. Presidential Election results suggest a strong leaning towards the Republican Party, with nearly 69% of the votes. Democrats secured close to 30%, indicating a noticeable, though significantly smaller, base. Libertarians, Greens, and other parties collectively garnered around 1.4% of the vote, showing limited traction among the electorate. This data might reflect underlying regional political dynamics and could be useful for strategizing future campaigns or understanding local voter behavior.
68.93% of voters voted for the Republican party in the 2020 Presidential Election
29.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.11% of voters voted for the Livertarian party in the 2020 Presidential Election
0.18% of voters voted for the Green party in the 2020 Presidential Election
0.19% of voters voted for the Other party in the 2020 Presidential Election
School Data
In Tuscola County, Michigan, the student-to-teacher ratio peaked at nearly 25 students per teacher in 2015 and 2020 before dropping to around 17 in recent years, compared to the national average of 14. These fluctuations could signal changes in educational resource allocation and teacher availability, potentially affecting property values and community dynamics. Real estate agents, insurance agents, and appraisers might find these trends crucial for advising clients who prioritize education,... Read more
Student-to-teacher ratio in Tuscola County, Michigan over the last 10 years
Over the last decade, Tuscola County, Michigan has seen a fluctuation in the student-to-teacher ratio, with numbers peaking at nearly 25 students per teacher in 2015 and 2020 before dropping to around 17 in recent years. This is significantly higher than the national average of 14 students per teacher. For potential investors and those considering a move, these changes might suggest evolving educational resource allocation and varying teacher availability, which could impact property values and community dynamics. For insurance agents and appraisers, understanding these trends could be pivotal in assessing risk and value accurately. Real estate agents might find this data useful in guiding families who prioritize education in their decision-making process.
