Interested in purchasing investment houses in the 48161 zip code in Monroe, MI?
The zip code 48161 is in Monroe county with a latitude of -83.471990000000 and longitude of 41.908050000000, is in the state of Michigan. The average asking price of houses and condos is $134,330.00 and the average sale price was $88,004.00. this regions is classified as the Detroit metro area and is in the 734 area code. The location in degrees is 41° 54' 28.98" N, 83° 28' 19.164" W. The county F.I.P.S. is 26115. This zip code contains three cities including Monroe, MI (7.55%), South Monroe, MI (5.08%), and West Monroe, MI (2.67%) The total land area is 44.8 square miles and the water area is 1.9 square miles. The elevation in this area is 574 - 646 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48161 is in county number 115 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 26,540 in 2019 and 26,470 in 2010. Of this, the break down in 2019 was 23,225 urban and 3,314 rural. This further breaks down to 12,863 males (48.5%) and 13,676 females (51.5%). The median age of residents is 40.4 years. The population of the greater Monroe, MI area is 155,856. The population density (people per square mile) is 593. This zip code has a combined total of 11,937 houses and condos. There are 3,113 rented appartments. 29% of residents rent versus the 29% 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 $47,897 and the average salary is $42,082. The median household income of individuals is $52,403.00 and the average is $55,440.00. This zip code has a mean commute time to work of 22.9 minutes. The unemployment rate is 6.0%. Income earners by percent breakdown as 47.80% (Under $50,000), 32.40% ($50,000-$100,000), and 19.80% earn over $100,000. 15.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 88.5. The educational breakdown is 87.2% have a high school education or higher, 17.0% have a bachelor's degree or higher, and 6.5% have some kind of profesional degree.
This area has 10,298 households and the average size is 2.4 people. Individuals who are single and have never been married are 29.6%, 47.8% are now married, 0.7% are separated, 7.0% are widowed, and 14.9% are divorced. The average yearly contribution amount given by people to charity was $3,185 versus the state average of $4,225. The percent of residents who gave to charity was 21.0%.
The estimated median value of houses and condos is $142,199. The median monthly owner costs of mortgage holders was $1,194, where as the costs for those who don't have a mortgage are $461. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,793. 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 1.3% which amounted to an average tax amount of $1,948. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $1,548. Reported taxable interest for persons was $1,158, dividends $3,830, capital gains +$5,177, and itemized deductions $19,107. The average earned income tax credit is $2,350. The percent of individuals that use a tax preparer is 60.0%. The total average income taxes paid by individuals was $6,855. Businesses reported an average profit of $12,187.
Bulls Harbor Cafe
13986 Laplaisance Rd, Monroe, MI 48161
Michigan Bar & Grill
1140 S Monroe St, Monroe, MI 48161
R Diner
723 S Monroe St, Monroe, MI 48161
Monroe Grill
1060 S Telegraph Rd, Monroe, MI 48161
Erie Bread Company
311 S Monroe St, Monroe, MI 48161
Front Street Diner
1190 W Front St, Monroe, MI 48161
Village Bistro
15 Washington St, Monroe, MI 48161
Asiana Restaurant
315 S Telegraph Rd, Monroe, MI 48161
Dena's Family Restaurant
15391 S Dixie Hwy, Monroe, MI 48161
Fino's Family Restaurant
881 S Monroe St, Monroe, MI 48161
Amaya's Fresh Mexican Grill
29 S Monroe St, Monroe, MI 48161
Monica's Baker Boy
5967 E Dunbar Rd, Monroe, MI 48161
China Express
1100 S Monroe St, Monroe, MI 48161
Lichee Gardens Monroe
37 S Monroe St, Monroe, MI 48161
Cravings
31 E Front St, Monroe, MI 48161
Don Larson's Bar
713 Stone St, Monroe, MI 48161
Agua Dulce Coffee & Tea
17 W 1st St, Monroe, MI 48161
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