Interested in purchasing investment houses in the 48118 zip code in Chelsea, MI?
The zip code 48118 is in Washtenaw county with a latitude of -84.038730000000 and longitude of 42.312570000000, is in the state of Michigan. The average asking price of houses and condos is $288,987.00 and the average sale price was $144,588.00. this regions is classified as the Detroit metro area and is in the 734 area code. The location in degrees is 42° 18' 45.252" N, 84° 2' 19.428" W. The county F.I.P.S. is 26161. The total land area is 87.7 square miles and the water area is 4.2 square miles. The elevation in this area is 899 - 994 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48118 is in county number 075 and is L. Sector 94, L. Segment 52, H. Sector 52, and H. Segment 52. The population was 12,966 in 2019 and 12,552 in 2010. Of this, the break down in 2019 was 5,249 urban and 7,716 rural. This further breaks down to 6,294 males (48.5%) and 6,672 females (51.5%). The median age of residents is 47.3 years. The population of the greater Ann Arbor, MI area is 353,808. The population density (people per square mile) is 148. This zip code has a combined total of 5,426 houses and condos. There are 942 rented appartments. 19% of residents rent versus the 19% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $77,222 and the average salary is $65,762. The median household income of individuals is $76,368.00 and the average is $93,200.00. This zip code has a mean commute time to work of 27.8 minutes. The unemployment rate is 3.6%. Income earners by percent breakdown as 30.20% (Under $50,000), 36.50% ($50,000-$100,000), and 33.40% earn over $100,000. 2.7% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 86.3. The educational breakdown is 97.3% have a high school education or higher, 50.8% have a bachelor's degree or higher, and 21.2% have some kind of profesional degree.
This area has 5,003 households and the average size is 2.5 people. Individuals who are single and have never been married are 24.2%, 57.2% are now married, 0.1% are separated, 9.1% are widowed, and 9.4% are divorced. The average yearly contribution amount given by people to charity was $3,777 versus the state average of $4,225. The percent of residents who gave to charity was 40.3%.
The estimated median value of houses and condos is $298,994. The median monthly owner costs of mortgage holders was $1,810, where as the costs for those who don't have a mortgage are $687. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $4,439. In comparision, the average real estate tax percent rate in the state is 1.4% which equated to an average real estate tax amount payment in the state of $2,455. The median housing property tax percent for residents with mortgages was 1.5% which amounted to an average tax amount of $4,466. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $4,406. Reported taxable interest for persons was $1,495, dividends $5,493, capital gains +$9,071, and itemized deductions $25,888. The average earned income tax credit is $1,353. The percent of individuals that use a tax preparer is 55.2%. The total average income taxes paid by individuals was $9,621. Businesses reported an average profit of $17,513.
The Chelsea Grill
1120 S Main St, Chelsea, MI 48118
Smokehouse 52 BBQ
125 S Main St, Chelsea, MI 48118
Uptown Coney Island
1555 S Main St, Chelsea, MI 48118
Stivers Restaurant
11 S Fletcher Rd, Chelsea, MI 48118
Mike's Deli
114 W Middle St, Chelsea, MI 48118
Brahma Haus
312 N Main St, Chelsea, MI 48118
Spad's Twisters
901 S Main St, Chelsea, MI 48118
Speedy Cafxc3x83xc2xa9
930 S Main St, Chelsea, MI 48118
Bob's Big Boy
1610 S Main St, Chelsea, MI 48118
Los Tres Amigos
350 N Main St, Chelsea, MI 48118
Cleary's Pub
113 S Main St, Chelsea, MI 48118
Krispy Krunchy Chicken
5 S Fletcher Rd, Chelsea, MI 48118
Chinese Tonite Restaurant
1127 S Main St, Chelsea, MI 48118
China Garden
1165 S Main St, Chelsea, MI 48118
Thompson's Pizzeria
20700 W Old Us Highway 12, Chelsea, MI 48118
Back To The Roots
115 S Main St, Chelsea, MI 48118
The Treehouse
320 N Main St, Chelsea, MI 48118
The Grateful Crow
420 N Main St, Chelsea, MI 48118
C L's Carry Out
1070 S Main St, Chelsea, MI 48118
Zou Zou's
101 N Main St, Chelsea, MI 48118
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