Interested in purchasing investment houses in the 48221 zip code in Detroit, MI?
The zip code 48221 is in Wayne county with a latitude of -83.148730000000 and longitude of 42.427050000000, is in the state of Michigan. The average asking price of houses and condos is $47,037.00 and the average sale price was $35,304.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 25' 37.38" N, 83° 8' 55.428" W. The county F.I.P.S. is 26163. The total land area is 5.5 square miles and the water area is 0.0 square miles. The elevation in this area is 646 - 650 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48221 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 41,975 in 2019 and 38,727 in 2010. This further breaks down to 19,000 males (45.3%) and 22,976 females (54.7%). The median age of residents is 39.0 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 7,699. This zip code has a combined total of 18,922 houses and condos. There are 5,921 rented appartments. 37% of residents rent versus the 37% 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 $36,100 and the average salary is $30,580. The median household income of individuals is $50,138.00 and the average is $41,680.00. This zip code has a mean commute time to work of 26.8 minutes. The unemployment rate is 13.3%. Income earners by percent breakdown as 49.90% (Under $50,000), 30.70% ($50,000-$100,000), and 19.50% earn over $100,000. 19.0% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 88.1. The educational breakdown is 89.9% have a high school education or higher, 27.8% have a bachelor's degree or higher, and 12.0% have some kind of profesional degree.
This area has 14,771 households and the average size is 2.6 people. Individuals who are single and have never been married are 51.5%, 26.1% are now married, 2.1% are separated, 8.1% are widowed, and 12.3% are divorced. The average yearly contribution amount given by people to charity was $5,377 versus the state average of $4,225. The percent of residents who gave to charity was 22.2%.
The estimated median value of houses and condos is $85,253. The median monthly owner costs of mortgage holders was $1,356, where as the costs for those who don't have a mortgage are $560. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 5.6.
The real estate tax percent rate is 2.6% which equated to an average real estate tax amount payment of $2,184. 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 2.3% which amounted to an average tax amount of $2,554. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.7% which amounted to an average tax amount of $1,956. Reported taxable interest for persons was $712, dividends $2,828, capital gains +$2,540, and itemized deductions $18,581. The average earned income tax credit is $2,807. The percent of individuals that use a tax preparer is 56.4%. The total average income taxes paid by individuals was $6,852. Businesses reported an average profit of $5,098.
Hook Fish and Chicken
10600 W 7 Mile Rd, Detroit, MI 48221
Uptown Barbecue
15700 Livernois Ave, Detroit, MI 48238 (2.1 miles away)
Mr. Corned Beef
8906 W 8 Mile Rd, Ferndale, MI 48220 (2.4 miles away)
Manhattan Fish & Chicken
13224 Woodward Ave, Highland Park, MI 48203 (2.5 miles away)
Whistle Stop
24060 Woodward Ave, Pleasant Ridge, MI 48069 (3.1 miles away)
Walleyes Fish Fry
13701 W 9 Mile Rd, Oak Park, MI 48237 (3.3 miles away)