Interested in purchasing investment houses in the 48083 zip code in Troy, MI?
The zip code 48083 is in Oakland county with a latitude of -83.116850000000 and longitude of 42.557060000000, is in the state of Michigan. The average asking price of houses and condos is $160,174.00 and the average sale price was $149,172.00. 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° 33' 25.416" N, 83° 7' 0.66" W. The county F.I.P.S. is 26125. The total land area is 8.6 square miles and the water area is 0.0 square miles. The elevation in this area is 633 - 669 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48083 is in county number 125 and is L. Sector 10, L. Segment , H. Sector , and H. Segment . The population was 22,807 in 2019 and 22,507 in 2010. This further breaks down to 11,365 males (49.8%) and 11,441 females (50.2%). The median age of residents is 41.1 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 2,639. This zip code has a combined total of 9,831 houses and condos. There are 3,642 rented appartments. 39% of residents rent versus the 39% 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 $61,876 and the average salary is $58,224. The median household income of individuals is $75,638.00 and the average is $79,110.00. This zip code has a mean commute time to work of 25.7 minutes. The unemployment rate is 3.0%. Income earners by percent breakdown as 32.50% (Under $50,000), 36.10% ($50,000-$100,000), and 31.30% earn over $100,000. 7.7% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 90.4. The educational breakdown is 94.5% have a high school education or higher, 50.7% have a bachelor's degree or higher, and 21.4% have some kind of profesional degree.
This area has 8,918 households and the average size is 2.4 people. Individuals who are single and have never been married are 30.2%, 53.7% are now married, 0.7% are separated, 5.6% are widowed, and 9.8% are divorced. The average yearly contribution amount given by people to charity was $3,172 versus the state average of $4,225. The percent of residents who gave to charity was 30.1%.
The estimated median value of houses and condos is $247,466. The median monthly owner costs of mortgage holders was $1,601, where as the costs for those who don't have a mortgage are $552. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $3,539. 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 $3,720. 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 $3,156. Reported taxable interest for persons was $992, dividends $4,238, capital gains +$2,118, and itemized deductions $19,993. The average earned income tax credit is $2,094. The percent of individuals that use a tax preparer is 55.4%. The total average income taxes paid by individuals was $7,950. Businesses reported an average profit of $11,155.
Picano's Italian Grille
3775 Rochester Rd, Troy, MI 48083
Penn's Thai Cafe
3658 Rochester Rd, Troy, MI 48083
Mon Jin Lau
1515 E Maple Rd, Troy, MI 48083
Joe Kools
1835 E Big Beaver Rd, Troy, MI 48083
The Hills City Grille
2940 Rochester Rd, Troy, MI 48083
Norm's Field Of Dreams
1090 Rochester Rd, Troy, MI 48083
Apovini Grill
1915 E Maple Rd, Troy, MI 48083
Lukich's Family Dining
3900 Rochester Rd, Troy, MI 48083
Picano's Restaurant & Lounge
3775 Rochester Rd, Troy, MI 48083
Smashburger
1735 E Big Beaver Rd, Troy, MI 48083
Beirut Palace Restaurant
2095 15 Mile Rd, Sterling Heights, MI 48310 (2.3 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
