Interested in purchasing investment houses in the 48238 zip code in Detroit, MI?
The zip code 48238 is in Wayne county with a latitude of -83.141290000000 and longitude of 42.396280000000, is in the state of Michigan. The average asking price of houses and condos is $37,450.00 and the average sale price was $31,685.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 23' 46.608" N, 83° 8' 28.644" W. The county F.I.P.S. is 26163. This zip code contains two cities including Detroit, MI (99.85%), and Highland Park, MI (0.15%) The total land area is 5.4 square miles and the water area is 0.0 square miles. The elevation in this area is 640 - 650 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48238 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 25,311 in 2019 and 31,743 in 2010. This further breaks down to 12,098 males (47.8%) and 13,212 females (52.2%). The median age of residents is 38.2 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 4,691. This zip code has a combined total of 17,307 houses and condos. There are 5,048 rented appartments. 50% of residents rent versus the 50% 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 $21,742 and the average salary is $19,799. The median household income of individuals is $30,855.00 and the average is $24,780.00. This zip code has a mean commute time to work of 28.2 minutes. The unemployment rate is 18.9%. Income earners by percent breakdown as 69.20% (Under $50,000), 23.40% ($50,000-$100,000), and 7.40% earn over $100,000. 36.0% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 87.5. The educational breakdown is 81.4% have a high school education or higher, 10.8% have a bachelor's degree or higher, and 4.2% have some kind of profesional degree.
This area has 12,698 households and the average size is 2.5 people. Individuals who are single and have never been married are 54.1%, 20.9% are now married, 3.6% are separated, 8.6% are widowed, and 12.8% are divorced. The average yearly contribution amount given by people to charity was $4,845 versus the state average of $4,225. The percent of residents who gave to charity was 8.6%.
The estimated median value of houses and condos is $46,552. The median monthly owner costs of mortgage holders was $1,041, where as the costs for those who don't have a mortgage are $452. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 5.4.
The real estate tax percent rate is 2.7% which equated to an average real estate tax amount payment of $1,234. 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 1.9% which amounted to an average tax amount of $1,303. Conversely, the median housing property tax percent for residents who don't have mortgages was 3.2% which amounted to an average tax amount of $1,221. Reported taxable interest for persons was $677, dividends $1,426, capital gains +$450, and itemized deductions $15,181. The average earned income tax credit is $2,917. The percent of individuals that use a tax preparer is 54.0%. The total average income taxes paid by individuals was $4,524. Businesses reported an average profit of $6,367.
Uptown Barbecue
15700 Livernois Ave, Detroit, MI 48238
Hook Fish and Chicken
10600 W 7 Mile Rd, Detroit, MI 48221 (2.1 miles away)
Manhattan Fish & Chicken
13224 Woodward Ave, Highland Park, MI 48203 (2.7 miles away)
Z's Villa
42 Piquette St, Detroit, MI 48202 (3.4 miles away)
Vickies Food
3845 W Warren Ave, Detroit, MI 48208 (4 miles away)
Bumbo's
3001 Holbrook St, Hamtramck, MI 48212 (4.3 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
