Van Buren County Real Estate and Livability Trends
Van Buren County, Michigan's real estate market is influenced by a mix of economic improvements and affordability challenges, with average taxable incomes growing from $45,616.88 in 2013 to $63,611.99 in 2021. Home values have gradually increased from $118,700 in 2015 to $172,100 in 2022, suggesting a steady market. Property crime trends are generally decreasing, though there have been slight... Read more
Van Buren County Market Trends
Van Buren County, Michigan, is witnessing a steady rise in median home values, though at a slower pace compared to the state. The eight-year growth from $118,700 in 2015 to $172,100 in 2022 could offer more accessible investment opportunities while still appreciating in value. Residential energy tax credits have shown volatility, with a significant spike in 2018 to $2,200.00 but a decline to... Read more
Median Value of Occupied Housing Units in Van Buren County, Michigan Over the Last 8 Years
Van Buren County, Michigan's median home values have experienced a consistent upward trend over the past eight years, starting from $118,700 in 2015 to $172,100 in 2022. When compared to the state of Michigan's trajectory, which escalated from $122,400 to $201,100 over the same period, Van Buren County's growth appears slightly slower. On a national level, home values also increased, but Van Buren County's figures have consistently trailed behind the broader U.S. market, which rose from $125,500 in 2015 to $179,400 in 2022. This could imply more accessible investment opportunities in Van Buren County while still providing steady property value appreciation.
Residential Energy Tax Credit Per Tax Return in Van Buren County, MI Over the Last 9 Years
Over the past nine years in Van Buren County, Michigan, the average residential energy tax credit per tax return has exhibited significant fluctuations. Particularly noteworthy is the spike in 2018, where the average credit jumped to $2200.00, followed by a marked decline in the subsequent years, leveling to $983.10 by 2021. This volatility in tax credits could influence the appeal for property investments and renovations focused on energy efficiency. Such trending data might be critical for investors and real estate professionals analyzing the potential return on energy-efficient upgrades in this region.
Average Real Estate Taxes Per Tax Return in Van Buren County, MI Over the Last 10 Years
Over the last decade, Van Buren County, Michigan has seen a consistent rise in average real estate taxes per tax return, beginning at approximately $3,199.10 in 2012 and escalating to about $6,413.71 by 2021. This nearly doubling of taxes suggests a significant increase in property values or levy rates, which could signal a growing local economy and rising demand for real estate. Such trends may be of particular interest to investors, real estate agents, and insurance agents looking to assess market conditions, property valuation, and insurance needs in the area. Potential home buyers and existing residents might also find this data useful for financial planning and understanding the long-term trajectory of property-related expenses.
Percentage of Farm Returns in Van Buren County, MI Over the Last 10 Years
Farm tax returns in Van Buren County, Michigan have exhibited a general decline over the last decade. Starting at approximately 2.52% in 2012, they decreased steadily each year, dropping to around 1.79% by 2021. For those considering investments, residential or commercial development, or agricultural ventures in Van Buren County, this trend could be indicative of broader economic shifts or changes in agricultural productivity and profitability. Understanding these changes could be vital for making informed decisions about the region’s economic stability and potential growth.
Number of Mortgages by Occupancy Type in Van Buren County, MI Over the Last 5 Years in Van Buren County
Van Buren County, Michigan, has seen notable fluctuations in the number of mortgages across different occupancy types over the past five years. Principal residences consistently dominate the market, with a significant spike in 2021. Investment properties, while the least in number, appear to slowly increase, which might suggest a growing interest in property investment. Second residences have also seen changes, peaking variably, which could indicate shifts in seasonal or lifestyle preferences among buyers. These trends can influence local market dynamics, guiding investors, real estate agents, and developers in their decision-making, potentially impacting property values and insurance underwriting in the region.
Economic Outlook
Van Buren County, Michigan has shown steady growth in average taxable income per tax return, jumping from $45,616.88 in 2013 to $63,611.99 in 2021, suggesting an improving economic outlook that could make the area more attractive for real estate investment. However, as incomes rise, state and local income taxes have also surged, reaching $10,155.28 in 2021, which might influence overall affordability for new residents. Total tax liabilities have seen fluctuations but have generally increased,... Read more
Average Taxable Income per Tax Return in Van Buren County, MI over the last 9 years
Over the past nine years, Van Buren County, Michigan has shown a noticeable increase in average taxable income per tax return, rising from $45,616.88 in 2013 to $63,611.99 in 2021. This upward trend suggests growing economic health and possibly an improving local job market, making it an appealing area for real estate development and investment. Elevated incomes could also affect property appraisals and insurance rates, indicating a robust financial foundation for prospective buyers and current residents.
Average State and Local Income Taxes Per Tax Return in Van Buren County, MI Over the Last 10 Years
Van Buren County, Michigan, has seen a noticeable uptick in average state and local income taxes per tax return over the last decade, surging from $4,331.09 in 2012 to $10,155.28 in 2021. This trend might suggest a growing economic base or higher earnings, but it could also indicate increased tax rates or changes in tax policy. For potential investors, property builders, and new residents, this could imply a need to evaluate the tax landscape carefully, as it directly impacts overall affordability and financial planning.
Average Total Tax Liability Per Tax Return in Van Buren County, MI Over the Last 10 Years
Over the past decade, Van Buren County, Michigan has seen notable fluctuations in average total tax liability per tax return, starting at approximately $7,370.18 in 2012 and increasing to about $9,656.13 in 2021. The growth has not been linear, with some years witnessing drops and others marked by significant increases. This trend is essential for appraisers, real estate agents, and investors who need to understand the evolving financial obligations of residents. Those moving to or living in the area might be particularly interested in how these changes could impact their cost of living and long-term financial planning.
Cost of Living in Van Buren County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,099 | $1,371 | $1,755 | $1,212 | $1,094 |
| 1 adult 4 children | $1,099 | $1,120 | $1,341 | $1,212 | $1,187 |
| 2 adults 3 children | $1,099 | $1,120 | $1,524 | $1,212 | $905 |
| 1 adult 3 children | $1,099 | $915 | $1,109 | $1,212 | $974 |
| 2 adults 2 children | $855 | $917 | $1,292 | $1,051 | $814 |
| 1 adult 2 children | $855 | $685 | $878 | $1,051 | $760 |
| 2 adults 1 child | $855 | $725 | $1,060 | $525 | $764 |
| 1 adult 1 child | $855 | $468 | $646 | $525 | $636 |
| 2 adults | $653 | $582 | $828 | $0 | $647 |
| 1 adult | $590 | $318 | $414 | $0 | $513 |
Safety trends & Data
Van Buren County, Michigan, saw fluctuating property crime trends from 2018 to 2022, with larceny-theft cases peaking at 122 in 2019 before settling around 50-64 incidents in later years. Burglary incidents slightly increased, reaching 29 in 2021, while fraud cases significantly dropped from 24 in 2019 to just 4 in 2021. Although motor vehicle thefts remained consistently low, these crime patterns may influence property values and insurance premiums, potentially affecting the real estate... Read more
Property Crime Trends in Van Buren County, MI Over the Last 5 Years
From 2018 to 2022, Van Buren County, Michigan, experienced variable trends in property crimes. Notably, larceny-theft cases peaked in 2019 at 122 incidents before stabilizing around 50-64 cases in subsequent years. Burglary figures showed a slight uptick, with a high of 29 incidents in 2021. Fraud cases saw a significant drop from 24 in 2019 to 4 in 2021. Motor vehicle thefts remained relatively low but consistent. For real estate agents and investors, these fluctuations could impact property values, while insurance agents might adjust premiums based on these crime patterns.
Demographics
Van Buren County, Michigan showcases a balanced population between genders with a slight female majority. Educational attainment is diverse, with a substantial portion of the county holding high school diplomas and an impressive number pursuing higher education degrees, although a notable segment falls below the high school level. The age distribution highlights a community with a strong presence of both young families and retirees, indicating a potentially varied housing and service need.... Read more
Race Distribution in Van Buren County, Michigan (2022)
Educational Attainment in Van Buren County, Michigan (2022)
Age Distribution in Van Buren County, Michigan
Citizen Population in Van Buren County, Michigan (2022)
Political Trends & Data
Van Buren County, Michigan leaned Republican in the 2020 U.S. Presidential Election, with about 55% of voters choosing the GOP candidate. However, 43% supporting the Democratic candidate hints at a competitive political landscape. This split suggests the county isn't solidly Republican and has a notable Democratic presence, reflecting a diverse voter... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Van Buren County in Michigan leaned slightly Republican during the 2020 U.S. Presidential Election, with approximately 55% of voters favoring the Republican candidate. Democrats garnered about 43% of the vote, hinting at a relatively competitive political landscape. The Libertarian and Green parties, along with other smaller parties, collectively made up a minor fraction of the vote share, suggesting limited impact on the overall election outcome. This distribution could indicate that while the county has Republican inclinations, there remains a significant proportion of Democratic voters.
55.27% of voters voted for the Republican party in the 2020 Presidential Election
43.01% of voters voted for the Democrat party in the 2020 Presidential Election
1.29% 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
0.20% of voters voted for the Other party in the 2020 Presidential Election
School Data
Van Buren County, Michigan has experienced fluctuating student-to-teacher ratios, peaking at over 20 in 2015 and 2016, before dropping to around 15 in 2019. Recently, the ratio has settled at around 18 to 19 students per teacher, consistently above the national average of 14. This could imply larger class sizes and potential resource constraints in local schools. For investors, real estate agents, and families, these dynamics might influence property values and community desirability, making it... Read more
Student-to-teacher ratio in Van Buren County, Michigan over the last 10 years
The student-to-teacher ratio in Van Buren County, Michigan has seen fluctuations over the past decade, peaking at over 20 in 2015 and 2016, and dropping to a low of 15 in 2019. Recently, the ratio has hovered around 18 to 19 students per teacher. This is consistently above the national average of 14 students per teacher, suggesting potential resource strains in local schools. For investors, real estate agents, and families considering a move, these ratios could imply larger class sizes and perhaps increased pressure on educational resources, which might influence property values and community desirability. Appraisers and insurance agents should be aware of these dynamics, as they could affect school district evaluations and local policy decisions.
