Washtenaw County Real Estate and Livability Trends
Washtenaw County, Michigan, has seen average taxable incomes rise from $73,349.95 in 2013 to $109,090.36 in 2021, pointing to more disposable income and potentially higher property values. Median home values surged from $208,200 in 2015 to $336,300 in 2022, outpacing state and national growth rates. The significant decline in property crime rates since 2018, especially in larceny-theft, and a... Read more
Washtenaw County Market Trends
Over the last 8 years, Washtenaw County, Michigan has experienced a notable surge in median home values from $208,200 in 2015 to $336,300 in 2022, outpacing both state and national growth rates. This dynamic could point to strong market demand and robust economic factors at play. Additionally, residential energy tax credits peaked in 2018 at $4058.14, suggesting significant investment in... Read more
Median Value of Occupied Housing Units in Washtenaw County, Michigan Over the Last 8 Years
Over the last 8 years, Washtenaw County, Michigan has seen a consistent rise in median home values from $208,200 in 2015 to $336,300 in 2022. This county's growth rate outpaces both the Michigan state median, which grew from $122,400 to $201,100 in the same period, and the national median, which increased from $125,500 to $179,400. For potential investors or homebuyers, this trend might indicate strong market demand and robust economic factors specific to Washtenaw County, offering promising investment opportunities despite higher entry costs compared to state and national averages.
Residential Energy Tax Credit Per Tax Return in Washtenaw County, MI Over the Last 9 Years
Over the past nine years, Washtenaw County, Michigan has seen fluctuating average residential energy tax credits per tax return. Notable increases occurred in 2018 and 2019, with a peak in 2018 at $4058.14. Although there was a decline post-2018, the numbers have remained higher than the pre-2018 levels, hovering around $1200 to $1400. This could potentially reflect a growing trend in energy-efficient home improvements and investment in renewable energy, making the county an interesting case for property investors, builders, and appraisers keen on energy incentives.
Average Real Estate Taxes Per Tax Return in Washtenaw County, MI Over the Last 10 Years
In the past decade, Washtenaw County, Michigan has seen a significant upward trend in real estate taxes per tax return, nearly doubling from approximately $5,075.58 in 2012 to around $9,148.85 by 2021. This sharp increase, particularly noticeable from 2016 onward, suggests rising property valuations or higher tax rates, impacting homeowners and potential investors. For real estate agents, appraisers, insurance agents, and prospective buyers, understanding this trend may be crucial for future planning and investment strategies in the county.
Percentage of Farm Returns in Washtenaw County, MI Over the Last 10 Years
Over the past decade, the percentage of farm tax returns in Washtenaw County, Michigan shows a slight decline, starting from approximately 0.62% in 2012 to around 0.54% in 2021. Farm tax returns refer to the filing of taxes by farm owners, providing insights into the agricultural sector’s economic activity. This trend might suggest a gradual reduction in the number of active farms or shifts in the economic landscape towards other industries. For investors, property developers, or prospective residents, understanding these nuances could be essential for making informed decisions about land use and economic opportunities in the area.
Number of Mortgages by Occupancy Type in Washtenaw County, MI Over the Last 5 Years in Washtenaw County
Over the past five years in Washtenaw County, Michigan, mortgage counts for principal residences have fluctuated notably, peaking in 2020 at around 26,842 but then nearly halving by 2022. Meanwhile, investment property mortgages saw an increase up until 2021 before falling again in 2022, and second residences remained consistently low throughout. These variations in occupancy type could influence real estate investment strategies and impact demand for different property types. Lenders, appraisers, and real estate agents may want to consider these trends when assessing market conditions, as shifts in mortgage activity might reflect broader economic factors or changing consumer preferences.
Economic Outlook
Washtenaw County, Michigan, has seen average taxable incomes climb from $73,349.95 in 2013 to $109,090.36 in 2021, indicating more disposable income among residents. This could signal rising property values and heightened real estate demand. Over this period, state and local income taxes have also increased significantly, potentially suggesting higher income levels in the area. Additionally, tax liabilities surged from $14,176.29 in 2012 to $21,332.45 in 2021, hinting at a growing affluent... Read more
Average Taxable Income per Tax Return in Washtenaw County, MI over the last 9 years
Average taxable incomes in Washtenaw County, Michigan have shown a steady upward trend over the past nine years, increasing from $73,349.95 in 2013 to $109,090.36 in 2021. This growth suggests more disposable income among residents, which could indicate a thriving local economy. For potential investors, real estate agents, or those looking to build, this trend may signal rising property values and a robust demand in the housing market. Insurance agents and appraisers might also find these trends useful for adjusting their valuations and policies accordingly.
Average State and Local Income Taxes Per Tax Return in Washtenaw County, MI Over the Last 10 Years
The last decade in Washtenaw County, Michigan shows a notable rise in average state and local income taxes per tax return, jumping from approximately $6,408.02 in 2012 to about $13,634.41 in 2021. This upward trend, especially the steep increases observed post-2017, could indicate economic growth or increasing income levels in the area. For investors, property developers, or new residents, understanding these tax trends might be crucial for financial planning and assessing the long-term viability of establishing oneself in this region.
Average Total Tax Liability Per Tax Return in Washtenaw County, MI Over the Last 10 Years
Over the last decade, Washtenaw County, Michigan has seen a noticeable increase in the average total tax liability per tax return, rising from $14,176.29 in 2012 to $21,332.45 in 2021. This upward trend could imply a growing affluent population and possibly an increase in property values and incomes. Such data may interest potential investors, real estate professionals, and developers as indicators of economic growth and stability in the county. However, higher tax liabilities might also be a consideration for those looking to move to the area or for insurance assessments.
Cost of Living in Washtenaw County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,684 | $1,629 | $1,604 | $2,465 | $1,838 |
| 1 adult 4 children | $1,684 | $1,330 | $1,233 | $2,465 | $1,985 |
| 2 adults 3 children | $1,684 | $1,331 | $1,389 | $2,465 | $1,601 |
| 1 adult 3 children | $1,684 | $1,086 | $1,018 | $2,465 | $1,761 |
| 2 adults 2 children | $1,384 | $1,089 | $1,174 | $2,151 | $1,319 |
| 1 adult 2 children | $1,384 | $814 | $802 | $2,151 | $1,378 |
| 2 adults 1 child | $1,384 | $861 | $958 | $1,129 | $1,056 |
| 1 adult 1 child | $1,384 | $556 | $587 | $1,129 | $983 |
| 2 adults | $1,153 | $692 | $743 | $0 | $766 |
| 1 adult | $1,148 | $377 | $371 | $0 | $619 |
Safety trends & Data
Washtenaw County, Michigan, has seen notable shifts in property crime over the past five years. Larceny-theft, the most common crime type, peaked at 509 incidents in 2018 but declined significantly by 2021 and 2022. Burglary incidents fluctuated, starting at 88 in 2018 and dropping to 55 in 2021 before rebounding in 2022. Arson cases were minimal until an unexpected rise to 8 in 2022. These crime trends could provide valuable context for investors and real estate professionals assessing market... Read more
Property Crime Trends in Washtenaw County, MI Over the Last 5 Years
Property crime trends in Washtenaw County, Michigan, reveal some notable patterns over the past five years. Larceny-theft stands out as the most prevalent property crime, peaking in 2018 with 509 incidents but showing a significant decline by 2021 and 2022. Burglary incidents have also fluctuated, starting at 88 in 2018 and dropping to their lowest at 55 in 2021. However, burglary numbers saw a rebound in 2022. Surprisingly, arson cases remained minimal until an unexpected rise to 8 in 2022. These fluctuations can offer insights for investors and real estate professionals assessing market risks and the overall safety landscape in the county.
Demographics
Washtenaw County's demographic profile showcases a nearly even split between male and female adults, but its educational landscape is more discernible with a high concentration of residents holding advanced degrees. Even though the racial composition is predominantly White, the county also has notable Black and Asian populations. The age distribution is fairly spread out, with a notable cluster in the young adult segment, likely influenced by the proximity to University of Michigan drawing a... Read more
Race Distribution in Washtenaw County, Michigan (2022)
Educational Attainment in Washtenaw County, Michigan (2022)
Age Distribution in Washtenaw County, Michigan
Citizen Population in Washtenaw County, Michigan (2022)
Political Trends & Data
Washtenaw County, Michigan, likely saw a significant lean towards Democratic candidates in the 2020 U.S. Presidential Election, with approximately 73.00% of the vote potentially going to the Democratic party. This trend hints at a strong Democratic presence, contrasting with the Republican vote share of roughly 26.00%. Minor parties such as the Libertarians and Greens collectively made up a small fraction of the total, which might suggest limited influence. These voting patterns could reflect... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Washtenaw County, Michigan, likely saw a significant lean towards Democratic candidates in the 2020 U.S. Presidential Election, with approximately 73% of the vote potentially going to the Democratic party. This trend hints at a strong Democratic presence, contrasting with the Republican vote share of roughly 26%. Minor parties such as the Libertarians and Greens collectively made up a small fraction of the total, which could suggest limited influence. These voting patterns might reflect broader political attitudes and voter priorities within the county.
25.99% of voters voted for the Republican party in the 2020 Presidential Election
72.61% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.30% of voters voted for the Green party in the 2020 Presidential Election
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Over the past decade, Washtenaw County, Michigan's student-to-teacher ratio has seen a decline from 18 students per teacher in 2014 to about 14.5 in 2023, aligning with the national average of 14. Spikes like the jump to 20 students per teacher in 2020 hint at pandemic-related disruptions. These changes could signal shifting resources and priorities in education, potentially impacting property values and community... Read more
Student-to-teacher ratio in Washtenaw County, Michigan over the last 10 years
Over the past decade, the student-to-teacher ratio in Washtenaw County, Michigan has shown some variability. A noticeable decline from 18 students per teacher in 2014 to approximately 14.5 in 2023 reflects efforts to enhance educational quality, aligning closely with the current US national average of 14 students per teacher. Yet, the significant spike to 20 students per teacher in 2020 suggests pandemic-related disruptions that are worth considering. For investors, educators, and families, these shifts might indicate changing resources and priorities within the educational infrastructure, potentially affecting property values and community attractiveness.
