Interested in purchasing investment houses in the 48202 zip code in Detroit, MI?
The zip code 48202 is in Wayne county with a latitude of -83.077720000000 and longitude of 42.374820000000, is in the state of Michigan. The average asking price of houses and condos is $51,378.00 and the average sale price was $62,896.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 22' 29.352" N, 83° 4' 39.792" W. The county F.I.P.S. is 26163. The total land area is 3.3 square miles and the water area is 0.0 square miles. The elevation in this area is 633 - 637 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48202 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 15,988 in 2019 and 16,603 in 2010. This further breaks down to 8,239 males (51.5%) and 7,748 females (48.5%). The median age of residents is 36.6 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 4,806. This zip code has a combined total of 11,095 houses and condos. There are 5,684 rented appartments. 74% of residents rent versus the 74% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $28,371 and the average salary is $26,772. The median household income of individuals is $25,336.00 and the average is $39,170.00. This zip code has a mean commute time to work of 22.7 minutes. The unemployment rate is 10.1%. Income earners by percent breakdown as 74.70% (Under $50,000), 18.10% ($50,000-$100,000), and 7.30% earn over $100,000. 33.8% 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 88.2% have a high school education or higher, 28.7% have a bachelor's degree or higher, and 13.8% have some kind of profesional degree.
This area has 7,382 households and the average size is 1.8 people. Individuals who are single and have never been married are 59.5%, 19.7% are now married, 2.7% are separated, 4.0% are widowed, and 14.0% are divorced. The average yearly contribution amount given by people to charity was $4,790 versus the state average of $4,225. The percent of residents who gave to charity was 12.5%.
The estimated median value of houses and condos is $129,925. The median monthly owner costs of mortgage holders was $1,468, where as the costs for those who don't have a mortgage are $533. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 3.7.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $1,856. 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 1.2% which amounted to an average tax amount of $2,547. 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 $1,602. Reported taxable interest for persons was $440, dividends $2,076, capital gains +$205, and itemized deductions $17,954. The average earned income tax credit is $2,540. The percent of individuals that use a tax preparer is 50.9%. The total average income taxes paid by individuals was $6,234. Businesses reported an average profit of $6,241.
Z's Villa
42 Piquette St, Detroit, MI 48202
New Center Eatery
3100 W Grand Blvd, Detroit, MI 48202
Vickies Food
3845 W Warren Ave, Detroit, MI 48208 (2 miles away)
Midtown Shangri-La
4710 Cass Ave, Detroit, MI 48201 (2.3 miles away)
Bumbo's
3001 Holbrook St, Hamtramck, MI 48212 (2.4 miles away)
Supino Pizzeria
2457 Russell St, Detroit, MI 48207 (3.2 miles away)
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