Interested in purchasing investment houses in the 48216 zip code in Detroit, MI?
The zip code 48216 is in Wayne county with a latitude of -83.078770000000 and longitude of 42.326560000000, is in the state of Michigan. The average asking price of houses and condos is $96,533.00 and the average sale price was $33,278.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 19' 35.616" N, 83° 4' 43.572" W. The county F.I.P.S. is 26163. The total land area is 2.2 square miles and the water area is 0.0 square miles. The elevation in this area is 594 - 594 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48216 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 5,376 in 2019 and 5,645 in 2010. This further breaks down to 2,759 males (51.3%) and 2,616 females (48.7%). The median age of residents is 38.1 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 2,423. This zip code has a combined total of 3,231 houses and condos. There are 1,580 rented appartments. 63% of residents rent versus the 63% 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 $28,450 and the average salary is $26,523. The median household income of individuals is $30,425.00 and the average is $40,790.00. This zip code has a mean commute time to work of 19.9 minutes. The unemployment rate is 10.1%. Income earners by percent breakdown as 69.10% (Under $50,000), 22.90% ($50,000-$100,000), and 8.00% earn over $100,000. 30.4% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 89.2. The educational breakdown is 79.0% have a high school education or higher, 27.3% have a bachelor's degree or higher, and 11.3% have some kind of profesional degree.
This area has 2,279 households and the average size is 2.0 people. Individuals who are single and have never been married are 54.6%, 22.8% are now married, 3.7% are separated, 6.3% are widowed, and 12.7% are divorced. The average yearly contribution amount given by people to charity was $3,005 versus the state average of $4,225. The percent of residents who gave to charity was 10.5%.
The estimated median value of houses and condos is $119,421. The median monthly owner costs of mortgage holders was $1,189, where as the costs for those who don't have a mortgage are $488. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,110. 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 1.1% which amounted to an average tax amount of $1,452. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $916. Reported taxable interest for persons was $529, dividends $933, capital gains +$171, and itemized deductions $14,517. The average earned income tax credit is $2,297. The percent of individuals that use a tax preparer is 51.1%. The total average income taxes paid by individuals was $6,157. Businesses reported an average profit of $6,431.
Mexican Village Restaurant
2600 Bagley St, Detroit, MI 48216
Vickies Food
3845 W Warren Ave, Detroit, MI 48208 (1.6 miles away)
Midtown Shangri-La
4710 Cass Ave, Detroit, MI 48201 (1.8 miles away)
24 Grille
204 Michigan Ave, Detroit, MI 48226 (1.8 miles away)
El Rancho Restaurant
5900 W Vernor Hwy, Detroit, MI 48209 (2.1 miles away)
Supino Pizzeria
2457 Russell St, Detroit, MI 48207 (3.3 miles away)
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