Interested in purchasing investment houses in the 48067 zip code in Royal Oak, MI?
The zip code 48067 is in Oakland county with a latitude of -83.137930000000 and longitude of 42.490460000000, is in the state of Michigan. The average asking price of houses and condos is $163,338.00 and the average sale price was $129,958.00. 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° 29' 25.656" N, 83° 8' 16.548" W. The county F.I.P.S. is 26125. This zip code contains two cities including Royal Oak, MI (99.49%), and Pleasant Ridge, MI (0.51%) The total land area is 4.6 square miles and the water area is 0.0 square miles. The elevation in this area is 643 - 656 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48067 is in county number 125 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 24,823 in 2019 and 24,458 in 2010. This further breaks down to 12,604 males (50.8%) and 12,218 females (49.2%). The median age of residents is 35.2 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 5,408. This zip code has a combined total of 13,519 houses and condos. There are 3,829 rented appartments. 31% of residents rent versus the 31% 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 $70,561 and the average salary is $63,444. The median household income of individuals is $65,832.00 and the average is $97,420.00. This zip code has a mean commute time to work of 25.6 minutes. The unemployment rate is 2.5%. Income earners by percent breakdown as 36.40% (Under $50,000), 35.60% ($50,000-$100,000), and 28.00% earn over $100,000. 5.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 90.5. The educational breakdown is 99.0% have a high school education or higher, 63.2% have a bachelor's degree or higher, and 25.8% have some kind of profesional degree.
This area has 12,146 households and the average size is 2.0 people. Individuals who are single and have never been married are 40.4%, 44.3% are now married, 0.5% are separated, 4.5% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $2,341 versus the state average of $4,225. The percent of residents who gave to charity was 34.5%.
The estimated median value of houses and condos is $258,966. The median monthly owner costs of mortgage holders was $1,555, where as the costs for those who don't have a mortgage are $564. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $3,578. 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 1.4% which amounted to an average tax amount of $3,742. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $3,064. Reported taxable interest for persons was $864, dividends $3,432, capital gains +$5,010, and itemized deductions $18,705. The average earned income tax credit is $1,330. The percent of individuals that use a tax preparer is 49.3%. The total average income taxes paid by individuals was $8,297. Businesses reported an average profit of $18,632.
Sign Of The Beefcarver
27400 Woodward Ave, Royal Oak, MI 48067
Lily's Seafood
410 S Washington Ave, Royal Oak, MI 48067
Tom's Oyster Bar
318 S Main St, Royal Oak, MI 48067
Two Guys From Italy
1111 N Campbell Rd, Royal Oak, MI 48067
Ronin Sushi
326 W 4th St, Royal Oak, MI 48067
Lockhart's BBQ
202 E 3rd St, Royal Oak, MI 48067
D'amato's Neighborhood Restaurant
222 S Sherman Dr, Royal Oak, MI 48067
Oak City Grille
212 W 6th St, Royal Oak, MI 48067
Pronto
608 S Washington Ave, Royal Oak, MI 48067
Cafe Muse
418 S Washington Ave, Royal Oak, MI 48067
Nello's Eatery
25994 Woodward Ave, Royal Oak, MI 48067
Inn Season Cafe
500 E 4th St, Royal Oak, MI 48067
Fifth Avenue Billiards
215 W 5th Ave, Royal Oak, MI 48067
Jim Brady's Detroit
1214 S Main St, Royal Oak, MI 48067
Tequila Blue
526 S Main St, Royal Oak, MI 48067
Pinky's Rooftop
100 S Main St Rear Alley Entrance, Royal Oak, MI 48067
Jimi's Restaurant
714 S Washington Ave, Royal Oak, MI 48067
Trattoria Pizzeria Da Luigi
415 S Washington Ave, Royal Oak, MI 48067
Cantina Diablos
100 S Main St, Royal Oak, MI 48067
Camelia's Mexican Grill
1304 E 11 Mile Rd, Royal Oak, MI 48067
Whistle Stop
24060 Woodward Ave, Pleasant Ridge, MI 48069 (1.4 miles away)
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