Interested in purchasing investment houses in the 48025 zip code in Franklin, MI?
The zip code 48025 is in Oakland county with a latitude of -83.267370000000 and longitude of 42.520320000000, is in the state of Michigan. The average asking price of houses and condos is $411,540.00 and the average sale price was $253,165.00. this regions is classified as the Detroit metro area and consists of the following area codes: 248 and 947. The location in degrees is 42° 31' 13.152" N, 83° 16' 2.532" W. The county F.I.P.S. is 26125. This zip code contains four cities including Beverly Hills, MI (49.91%), Franklin, MI (33.06%), Bingham Farms, MI (14.72%), and Farmington Hills, MI (0.10%) The total land area is 8.0 square miles and the water area is 0.0 square miles. The elevation in this area is 725 - 764 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48025 is in county number 125 and is L. Sector 00, L. Segment 01, H. Sector 60, and H. Segment 60. The population was 14,981 in 2019 and 14,543 in 2010. This further breaks down to 7,064 males (47.2%) and 7,917 females (52.8%). The median age of residents is 48.9 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 1,866. This zip code has a combined total of 6,158 houses and condos. There are 508 rented appartments. 9% of residents rent versus the 9% 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 $170,438 and the average salary is $121,549. The median household income of individuals is $114,797.00 and the average is $239,110.00. This zip code has a mean commute time to work of 24.4 minutes. The unemployment rate is 2.3%. Income earners by percent breakdown as 15.80% (Under $50,000), 25.60% ($50,000-$100,000), and 58.50% earn over $100,000. 2.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 91.2. The educational breakdown is 100.5% have a high school education or higher, 74.7% have a bachelor's degree or higher, and 37.8% have some kind of profesional degree.
This area has 5,689 households and the average size is 2.5 people. Individuals who are single and have never been married are 21.4%, 64.2% are now married, 0.3% are separated, 6.6% are widowed, and 7.6% are divorced. The average yearly contribution amount given by people to charity was $9,318 versus the state average of $4,225. The percent of residents who gave to charity was 58.0%.
The estimated median value of houses and condos is $456,010. The median monthly owner costs of mortgage holders was $2,415, where as the costs for those who don't have a mortgage are $936. The median number of rooms in houses and condos are 8.0 versus apartments which had a median number of 5.3.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $6,672. 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 $6,793. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $6,425. Reported taxable interest for persons was $7,841, dividends $13,183, capital gains +$26,685, and itemized deductions $38,089. The average earned income tax credit is $1,525. The percent of individuals that use a tax preparer is 64.4%. The total average income taxes paid by individuals was $17,953. Businesses reported an average profit of $37,788.
Beverly Hills Grill
31471 Southfield Rd, Beverly Hills, MI 48025
Franklin Grill
32760 Franklin Rd, Franklin, MI 48025
Andiamo Ristorante in Bloomfield
6676 Telegraph Rd, Bloomfield Hills, MI 48301 (2.1 miles away)
Rugby Grille
100 Townsend St, Birmingham, MI 48009 (2.5 miles away)
Fishbone's Rhythm Kitchen Cafe
29244 Northwestern Hwy, Southfield, MI 48034 (2.6 miles away)
Detroit Shrimp & Fish
30780 Southfield Rd, Southfield, MI 48076 (2.9 miles away)
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