Interested in purchasing investment houses in the 48205 zip code in Detroit, MI?
The zip code 48205 is in Wayne county with a latitude of -82.981090000000 and longitude of 42.433150000000, is in the state of Michigan. The average asking price of houses and condos is $36,081.00 and the average sale price was $34,692.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 25' 59.34" N, 82° 58' 51.924" W. The county F.I.P.S. is 26163. The total land area is 6.4 square miles and the water area is 0.0 square miles. The elevation in this area is 600 - 620 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48205 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 34,326 in 2019 and 44,045 in 2010. This further breaks down to 16,126 males (47.0%) and 18,199 females (53.0%). The median age of residents is 30.3 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 5,378. This zip code has a combined total of 19,813 houses and condos. There are 8,754 rented appartments. 65% of residents rent versus the 65% 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 $22,720 and the average salary is $21,466. The median household income of individuals is $40,039.00 and the average is $25,550.00. This zip code has a mean commute time to work of 20.9 minutes. The unemployment rate is 14.2%. Income earners by percent breakdown as 59.40% (Under $50,000), 29.90% ($50,000-$100,000), and 10.60% earn over $100,000. 23.7% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 87.2. The educational breakdown is 89.0% have a high school education or higher, 5.6% have a bachelor's degree or higher, and 1.8% have some kind of profesional degree.
This area has 14,116 households and the average size is 2.6 people. Individuals who are single and have never been married are 67.3%, 16.4% are now married, 2.8% are separated, 5.2% are widowed, and 8.3% are divorced. The average yearly contribution amount given by people to charity was $4,231 versus the state average of $4,225. The percent of residents who gave to charity was 10.7%.
The estimated median value of houses and condos is $35,163. The median monthly owner costs of mortgage holders was $967, where as the costs for those who don't have a mortgage are $465. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 6.9.
The real estate tax percent rate is 4.1% which equated to an average real estate tax amount payment of $1,440. 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 4.1% which amounted to an average tax amount of $1,496. Conversely, the median housing property tax percent for residents who don't have mortgages was 4.2% which amounted to an average tax amount of $1,414. Reported taxable interest for persons was $1,298, dividends $1,106, capital gains +$356, and itemized deductions $14,876. The average earned income tax credit is $3,184. The percent of individuals that use a tax preparer is 55.5%. The total average income taxes paid by individuals was $5,200. Businesses reported an average profit of $7,270.
Hollywood Coney Island Restaurant
9951 Gratiot Ave, Detroit, MI 48213 (2.4 miles away)
Blue Pointe Restaurant
17131 E Warren Ave, Detroit, MI 48224 (2.4 miles away)
Firenze Restaurant
11028 E 10 Mile Rd, Warren, MI 48089 (2.7 miles away)
Yoshi Hibachi Grille
19304 Kelly Rd, Harper Woods, MI 48225 (2.7 miles away)
Cloverleaf Bar & Restaurant
24443 Gratiot Ave, Eastpointe, MI 48021 (3 miles away)
Lucky R Market
8324 E 10 Mile Rd, Center Line, MI 48015 (4 miles away)
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