Interested in purchasing investment houses in the 48226 zip code in Detroit, MI?
The zip code 48226 is in Wayne county with a latitude of -83.050120000000 and longitude of 42.331670000000, is in the state of Michigan. The average asking price of houses and condos is $584,857.00 and the average sale price was $201,667.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 19' 54.012" N, 83° 3' 0.432" W. The county F.I.P.S. is 26163. The total land area is 1.2 square miles and the water area is 0.0 square miles. The zip code is on eastern standard time and observes daylight savings time.
The zip 48226 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 7,227 in 2019 and 5,302 in 2010. This further breaks down to 4,204 males (58.2%) and 3,023 females (41.8%). The median age of residents is 32.5 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 5,854. This zip code has a combined total of 5,201 houses and condos. There are 3,779 rented appartments. 87% of residents rent versus the 87% 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 $130,517 and the average salary is $57,758. The median household income of individuals is $35,249.00 and the average is $256,060.00. This zip code has a mean commute time to work of 20.1 minutes. The unemployment rate is 1.2%. Income earners by percent breakdown as 64.10% (Under $50,000), 24.80% ($50,000-$100,000), and 11.10% earn over $100,000. 16.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 92.9. The educational breakdown is 93.6% have a high school education or higher, 55.3% have a bachelor's degree or higher, and 28.3% have some kind of profesional degree.
This area has 3,308 households and the average size is 1.4 people. Individuals who are single and have never been married are 64.1%, 20.7% are now married, 1.3% are separated, 4.0% are widowed, and 9.9% are divorced. The average yearly contribution amount given by people to charity was $32,524 versus the state average of $4,225. The percent of residents who gave to charity was 20.6%.
The estimated median value of houses and condos is $283,403. The median monthly owner costs of mortgage holders was $1,864, where as the costs for those who don't have a mortgage are $575. The median number of rooms in houses and condos are 3.9 versus apartments which had a median number of 3.1.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $2,113. 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 0.9% which amounted to an average tax amount of $2,617. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $1,486. Reported taxable interest for persons was $19,285, dividends $114,993, capital gains +$258,172, and itemized deductions $72,437. The average earned income tax credit is $1,617. The percent of individuals that use a tax preparer is 50.8%. The total average income taxes paid by individuals was $24,322. Businesses reported an average profit of $11,405.
24 Grille
204 Michigan Ave, Detroit, MI 48226
Fishbones
400 Monroe St, Detroit, MI 48226
Floods Bar & Grill
731 Saint Antoine St, Detroit, MI 48226
New Parthenon
547 Monroe St, Detroit, MI 48226
Loco's Tex-Mex Grille
454 E Lafayette Blvd, Detroit, MI 48226
Golden Fleece Restaurant
525 Monroe St, Detroit, MI 48226
Midtown Shangri-La
4710 Cass Ave, Detroit, MI 48201 (1.2 miles away)
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