Interested in purchasing investment houses in the 48206 zip code in Detroit, MI?
The zip code 48206 is in Wayne county with a latitude of -83.107850000000 and longitude of 42.375100000000, is in the state of Michigan. The average asking price of houses and condos is $48,940.00 and the average sale price was $29,463.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 22' 30.36" N, 83° 6' 28.26" W. The county F.I.P.S. is 26163. The total land area is 3.1 square miles and the water area is 0.0 square miles. The elevation in this area is 633 - 640 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48206 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 16,240 in 2019 and 21,954 in 2010. This further breaks down to 7,368 males (45.4%) and 8,871 females (54.6%). The median age of residents is 40.5 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 5,196. This zip code has a combined total of 13,404 houses and condos. There are 3,716 rented appartments. 55% of residents rent versus the 55% 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 $23,687 and the average salary is $21,730. The median household income of individuals is $28,229.00 and the average is $30,530.00. This zip code has a mean commute time to work of 26.5 minutes. The unemployment rate is 10.1%. Income earners by percent breakdown as 72.30% (Under $50,000), 20.00% ($50,000-$100,000), and 7.70% earn over $100,000. 36.2% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 87.9. The educational breakdown is 83.2% have a high school education or higher, 15.0% have a bachelor's degree or higher, and 7.1% have some kind of profesional degree.
This area has 8,632 households and the average size is 2.3 people. Individuals who are single and have never been married are 52.8%, 21.6% are now married, 4.0% are separated, 7.8% are widowed, and 13.9% are divorced. The average yearly contribution amount given by people to charity was $4,687 versus the state average of $4,225. The percent of residents who gave to charity was 10.2%.
The estimated median value of houses and condos is $57,278. The median monthly owner costs of mortgage holders was $1,306, where as the costs for those who don't have a mortgage are $529. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 5.4.
The real estate tax percent rate is 2.6% which equated to an average real estate tax amount payment of $1,483. 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 $2,043. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.8% which amounted to an average tax amount of $1,395. Reported taxable interest for persons was $828, dividends $1,126, capital gains +$93, and itemized deductions $15,859. The average earned income tax credit is $2,962. The percent of individuals that use a tax preparer is 51.9%. The total average income taxes paid by individuals was $5,580. Businesses reported an average profit of $6,713.
Z's Villa
42 Piquette St, Detroit, MI 48202 (1.5 miles away)
Vickies Food
3845 W Warren Ave, Detroit, MI 48208 (1.9 miles away)
Uptown Barbecue
15700 Livernois Ave, Detroit, MI 48238 (2.2 miles away)
Midtown Shangri-La
4710 Cass Ave, Detroit, MI 48201 (3.1 miles away)
Manhattan Fish & Chicken
13224 Woodward Ave, Highland Park, MI 48203 (3.2 miles away)
Bumbo's
3001 Holbrook St, Hamtramck, MI 48212 (3.4 miles away)
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