Interested in purchasing investment houses in the 48220 zip code in Ferndale, MI?
The zip code 48220 is in Oakland county with a latitude of -83.135170000000 and longitude of 42.458060000000, is in the state of Michigan. The average asking price of houses and condos is $75,172.00 and the average sale price was $54,246.00. this regions is classified as the Detroit metro area and consists of the following area codes: 248 and 947. The location in degrees is 42° 27' 29.016" N, 83° 8' 6.612" W. The county F.I.P.S. is 26125. The total land area is 4.4 square miles and the water area is 0.0 square miles. The elevation in this area is 637 - 653 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48220 is in county number 125 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 22,793 in 2019 and 22,319 in 2010. This further breaks down to 11,411 males (50.1%) and 11,382 females (49.9%). The median age of residents is 35.5 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 5,143. This zip code has a combined total of 12,503 houses and condos. There are 4,075 rented appartments. 35% of residents rent versus the 35% 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 $43,485 and the average salary is $42,309. The median household income of individuals is $54,472.00 and the average is $61,150.00. This zip code has a mean commute time to work of 25.3 minutes. The unemployment rate is 2.5%. Income earners by percent breakdown as 45.00% (Under $50,000), 38.40% ($50,000-$100,000), and 16.60% earn over $100,000. 9.7% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 89.2. The educational breakdown is 95.6% have a high school education or higher, 46.3% have a bachelor's degree or higher, and 16.4% have some kind of profesional degree.
This area has 10,583 households and the average size is 2.0 people. Individuals who are single and have never been married are 51.0%, 32.4% are now married, 1.3% are separated, 3.2% are widowed, and 12.1% are divorced. The average yearly contribution amount given by people to charity was $2,053 versus the state average of $4,225. The percent of residents who gave to charity was 21.8%.
The estimated median value of houses and condos is $175,924. The median monthly owner costs of mortgage holders was $1,284, where as the costs for those who don't have a mortgage are $514. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $3,124. 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 1.8% which amounted to an average tax amount of $3,336. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.8% which amounted to an average tax amount of $2,742. Reported taxable interest for persons was $677, dividends $2,243, capital gains +$2,623, and itemized deductions $15,499. The average earned income tax credit is $1,776. The percent of individuals that use a tax preparer is 47.2%. The total average income taxes paid by individuals was $6,111. Businesses reported an average profit of $9,145.
Mr. Corned Beef
8906 W 8 Mile Rd, Ferndale, MI 48220
Pop's For Italian
280 W 9 Mile Rd # 2, Ferndale, MI 48220
Bangkok Cafe
323 W 9 Mile Rd, Ferndale, MI 48220
May's Bangkok Express
254 W 9 Mile Rd, Ferndale, MI 48220
Sakana Sushi Lounge
22914 Woodward Ave, Ferndale, MI 48220
Inyo Restaurant and Lounge
22871 Woodward Ave, Ferndale, MI 48220
Dickeys Barbecue Pit
23123 Woodward Ave, Ferndale, MI 48220
Public House
241 W 9 Mile Rd, Ferndale, MI 48220
M.C.'Wiches
172 W 9 Mile Rd, Ferndale, MI 48220
Zeke's Rock N Roll BBQ
240 W 9 Mile Rd, Ferndale, MI 48220
Rosie O'Grady's
279 W 9 MIle Rd, Ferndale, MI 48220
Toast Ferndale
23144 Woodward Ave, Ferndale, MI 48220
Christine's Cuisine
729 E 9 Mile Rd, Ferndale, MI 48220
The Emory
22700 Woodward Ave, Ferndale, MI 48220
One-Eyed Betty's
175 W Troy St, Ferndale, MI 48220
The Fly Trap
22950 Woodward Ave, Ferndale, MI 48220
Double Ee Restaurant
1861 E 9 Mile Rd, Ferndale, MI 48220
Otus Supply
345 E 9 Mile Rd, Ferndale, MI 48220
J's Penalty Box
22726 Woodward Ave, Ferndale, MI 48220
Conserva
201 E 9 Mile Rd, Ferndale, MI 48220
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