Interested in purchasing investment houses in the 48108 zip code in Ann Arbor, MI?
The zip code 48108 is in Washtenaw county with a latitude of -83.731800000000 and longitude of 42.222170000000, is in the state of Michigan. The average asking price of houses and condos is $255,667.00 and the average sale price was $210,873.00. this regions is classified as the Detroit metro area and is in the 734 area code. The location in degrees is 42° 13' 19.812" N, 83° 43' 54.48" W. The county F.I.P.S. is 26161. The total land area is 17.0 square miles and the water area is 0.0 square miles. The elevation in this area is 804 - 879 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48108 is in county number 161 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 27,044 in 2019 and 26,164 in 2010. Of this, the break down in 2019 was 26,412 urban and 631 rural. This further breaks down to 13,308 males (49.2%) and 13,736 females (50.8%). The median age of residents is 36.9 years. The population of the greater Ann Arbor, MI area is 353,808. The population density (people per square mile) is 1,593. This zip code has a combined total of 11,852 houses and condos. There are 5,361 rented appartments. 47% of residents rent versus the 47% 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 $80,865 and the average salary is $65,280. The median household income of individuals is $62,737.00 and the average is $96,630.00. This zip code has a mean commute time to work of 23.9 minutes. The unemployment rate is 3.7%. Income earners by percent breakdown as 39.30% (Under $50,000), 31.00% ($50,000-$100,000), and 29.80% earn over $100,000. 10.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 94.4. The educational breakdown is 96.7% have a high school education or higher, 61.2% have a bachelor's degree or higher, and 34.8% have some kind of profesional degree.
This area has 10,997 households and the average size is 2.3 people. Individuals who are single and have never been married are 39.2%, 46.9% are now married, 0.4% are separated, 3.2% are widowed, and 10.3% are divorced. The average yearly contribution amount given by people to charity was $4,797 versus the state average of $4,225. The percent of residents who gave to charity was 29.4%.
The estimated median value of houses and condos is $301,869. The median monthly owner costs of mortgage holders was $1,822, where as the costs for those who don't have a mortgage are $741. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 1.7% which equated to an average real estate tax amount payment of $4,983. 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 1.6% which amounted to an average tax amount of $5,044. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.7% which amounted to an average tax amount of $4,865. Reported taxable interest for persons was $1,493, dividends $7,457, capital gains +$15,550, and itemized deductions $26,104. The average earned income tax credit is $1,929. The percent of individuals that use a tax preparer is 46.5%. The total average income taxes paid by individuals was $12,128. Businesses reported an average profit of $15,589.
Romano's Macaroni Grill
3010 S State St, Ann Arbor, MI 48108
Mary's Fabulous Chicken
3220 Packard St, Ann Arbor, MI 48108
Mark's Midtown Coney Island
3672 S State St, Ann Arbor, MI 48108
Los Amigos Mexican Restaurant & Cantina
625 Hilton Blvd, Ann Arbor, MI 48108
Bennigan's
575 Briarwood Cir, Ann Arbor, MI 48108
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