Menominee County Real Estate and Livability Trends
Menominee County, Wisconsin has experienced a notable increase in average taxable income per tax return from $31,953.49 in 2013 to $44,552.69 by 2021, suggesting potential economic growth that could attract property developers. Median home values have fluctuated between $83,500 and $105,900, significantly lower than state and national medians, while real estate taxes have varied, possibly due to... Read more
Menominee County Market Trends
In Menominee County, Wisconsin, median home values have oscillated between $83,500 and $105,900 over the past eight years, staying well below the state and national medians. Meanwhile, real estate taxes have varied significantly, from $5,215.38 in 2017 to $7,466.67 in 2021, possibly reflecting shifts in market assessments or local tax policies. Principal and second residence mortgages vastly... Read more
Median Value of Occupied Housing Units in Menominee County, Wisconsin Over the Last 8 Years
Menominee County, Wisconsin has seen relatively modest fluctuations in median home values over the past eight years, dipping and rising between $83,500 and $105,900. This is significantly lower than the state median, which peaked at $231,400 in 2022, and the national median, which reached $179,400 the same year. For potential investors or individuals considering a move, Menominee County might offer more affordable housing options compared to broader state and national markets, though the returns on investment may differ.
Average Real Estate Taxes Per Tax Return in Menominee County, WI Over the Last 10 Years
Over the last decade, Menominee County, Wisconsin has seen significant fluctuations in average real estate taxes per tax return, with values ranging from $5,215.38 in 2017 to $7,466.67 in 2021. This variation may indicate shifts in property market value assessments or changes in local tax policies. For investors, real estate agents, and potential homeowners, understanding these trends could be crucial for financial planning and property investment decisions.
Number of Mortgages by Occupancy Type in Menominee County, WI Over the Last 5 Years in Menominee County
In Menominee County, Wisconsin, there's a noticeable trend where mortgages for principal and second residences significantly outnumber those for investment properties across the past five years. From 2018 through 2022, the number of principal residence mortgages peaked in 2020 at 91, while second residences saw their highest in the same year at 109. Interestingly, investment property mortgages consistently remained in the low single digits each year. These shifts might hint at a primarily residential-focused market with less speculative investment, potentially offering steadier home values. For people looking to invest, move to, or work in real estate in the county, understanding the dominance of primary and second-home buyers could inform decisions on property developments, lending focus, and insurance policies.
Economic Outlook
In Menominee County, Wisconsin, average taxable income per tax return has climbed from $31,953.49 in 2013 to around $44,552.69 by 2021, suggesting possible economic growth that might pique the interest of property developers and real estate professionals. The tax landscape shows notable volatility, especially in state and local income taxes, which spiked during 2019 and 2020 before dropping in 2021, influencing investment and financial strategies. Overall tax liabilities exhibit a recent upward... Read more
Average Taxable Income per Tax Return in Menominee County, WI over the last 9 years
Menominee County, Wisconsin exhibits a gradual increase in average taxable income per tax return over the past nine years. Starting at roughly $31,953.49 in 2013, there’s a notable rise to about $44,552.69 by 2021, with some minor fluctuations during the period. This upward trend suggests potential economic growth and may appeal to investors, property developers, and real estate agents eyeing an evolving market. The increase in income could also influence appraisals and insurance rates, making this region an intriguing prospect for those looking to move or invest.
Average State and Local Income Taxes Per Tax Return in Menominee County, WI Over the Last 10 Years
Menominee County, Wisconsin, has seen a notable fluctuation in average state and local income taxes per tax return over the past decade. Recent years, specifically 2019 and 2020, saw significant spikes, with averages reaching $10,500.00 and $11,433.33 respectively, before dropping to approximately $7,766.67 in 2021. This variability could signal changing financial policies or economic shifts, crucial for potential investors, property developers, and real estate agents to consider. The steep increase during 2018-2020 might affect long-term financial planning and taxation strategies.
Average Total Tax Liability Per Tax Return in Menominee County, WI Over the Last 10 Years
Over the past decade in Menominee County, Wisconsin, the average total tax liability per tax return has shown notable fluctuations, peaking at roughly $6,221.71 in 2021 after a steady incline since 2018. Though it saw a significant dip down to around $4,187.10 in 2014, these figures indicate an overall upward trend, particularly in recent years. Prospective investors, appraisers, and real estate agents might find these trends indicative of an increasing economic base and potentially rising property values in the area, while insurance agents may consider the implications on policy costs.
Cost of Living in Menominee County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,108 | $1,375 | $1,931 | $1,597 | $1,344 |
| 1 adult 4 children | $1,108 | $1,123 | $1,477 | $1,597 | $1,509 |
| 2 adults 3 children | $1,108 | $1,124 | $1,676 | $1,597 | $1,100 |
| 1 adult 3 children | $1,108 | $917 | $1,221 | $1,597 | $1,246 |
| 2 adults 2 children | $880 | $920 | $1,420 | $1,384 | $913 |
| 1 adult 2 children | $880 | $687 | $966 | $1,384 | $944 |
| 2 adults 1 child | $880 | $727 | $1,164 | $692 | $787 |
| 1 adult 1 child | $880 | $470 | $710 | $692 | $698 |
| 2 adults | $669 | $584 | $908 | $0 | $574 |
| 1 adult | $617 | $319 | $454 | $0 | $521 |
Safety trends & Data
Menominee County, Wisconsin, has seen erratic property crime trends over the last five years that could impact real estate decisions. Vandalism cases surged in 2019 with 19 incidents reported, up from six in 2018. Burglary arrests jumped significantly in 2019 to 12, compared to three the prior year. Interestingly, motor vehicle thefts hit a high in 2019 and 2020 with six arrests each but tapered off to just one by 2021 and 2022. These trends might influence property values, insurance costs, and... Read more
Property Crime Trends in Menominee County, WI Over the Last 5 Years
Over the last five years, property crime trends in Menominee County, Wisconsin, have shown fluctuations in various categories. Notably, there was a spike in vandalism cases in 2019 with 19 incidents reported, compared to just six in 2018. Burglary arrests saw a significant increase in 2019, with 12 arrests compared to only three in the previous year. Conversely, motor vehicle thefts peaked in 2019 and 2020 with six arrests each but declined to just one arrest by 2021 and 2022. If you're considering investing, moving, or engaging in real estate activities in Menominee County, it's essential to consider these trends as they might impact property values, insurance premiums, and the overall safety environment.
Demographics
Menominee County, Wisconsin, has a fairly balanced gender distribution with more females than males. The county's population skews predominantly American Indian and Alaska Native. Educational levels reveal a majority hold high school diplomas, but fewer have advanced degrees. The age distribution highlights a significant young population, with notable groups under ten and between 55-64 years. This demographic setup suggests potentially diverse community needs, with a focus on both youth-related... Read more
Race Distribution in Menominee County, Wisconsin (2022)
Educational Attainment in Menominee County, Wisconsin (2022)
Age Distribution in Menominee County, Wisconsin
Citizen Population in Menominee County, Wisconsin (2022)
School Data
Menominee County, Wisconsin has seen its student-to-teacher ratio rise from 9 in 2014 to nearly 12 in 2023, still below the national average of 14. This could imply that local schools offer more personalized education, which may attract families prioritizing educational quality. Consequently, this trend might influence property values and make the area more appealing for... Read more
Student-to-teacher ratio in Menominee County, Wisconsin over the last 9 years
Menominee County, Wisconsin has seen a gradual increase in the student-to-teacher ratio over the past nine years, rising from 9 in 2014 to nearly 12 in 2023. This trend is noteworthy for investors, potential residents, and real estate professionals because smaller class sizes are often perceived as providing more individualized attention for students, which may be appealing for families considering relocation. With the national average standing at 14 students per teacher, Menominee County's current ratio of roughly 12 suggests that local schools might still be offering comparatively more personalized education. This metric could influence property values and the desirability of the area for those prioritizing educational quality.
