Interested in purchasing investment houses in the 48240 zip code in Redford, MI?
The zip code 48240 is in Wayne county with a latitude of -83.301280000000 and longitude of 42.424450000000, is in the state of Michigan. The average asking price of houses and condos is $38,890.00 and the average sale price was $31,490.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 25' 28.02" N, 83° 18' 4.608" W. The county F.I.P.S. is 26163. The total land area is 3.7 square miles and the water area is 0.0 square miles. The elevation in this area is 637 - 637 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48240 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 17,163 in 2019 and 17,722 in 2010. This further breaks down to 8,483 males (49.4%) and 8,679 females (50.6%). The median age of residents is 41.3 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 4,585. This zip code has a combined total of 7,378 houses and condos. There are 1,898 rented appartments. 28% of residents rent versus the 28% 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 $34,872 and the average salary is $34,011. The median household income of individuals is $60,199.00 and the average is $39,660.00. This zip code has a mean commute time to work of 25.7 minutes. The unemployment rate is 6.9%. Income earners by percent breakdown as 38.90% (Under $50,000), 45.80% ($50,000-$100,000), and 15.30% earn over $100,000. 13.9% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 88.9. The educational breakdown is 88.4% have a high school education or higher, 18.2% have a bachelor's degree or higher, and 6.9% have some kind of profesional degree.
This area has 6,917 households and the average size is 2.5 people. Individuals who are single and have never been married are 38.2%, 40.7% are now married, 1.2% are separated, 6.9% are widowed, and 13.1% are divorced. The average yearly contribution amount given by people to charity was $2,948 versus the state average of $4,225. The percent of residents who gave to charity was 18.0%.
The estimated median value of houses and condos is $89,566. The median monthly owner costs of mortgage holders was $1,053, where as the costs for those who don't have a mortgage are $457. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 2.2% which equated to an average real estate tax amount payment of $1,967. 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 2.1% which amounted to an average tax amount of $2,017. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.4% which amounted to an average tax amount of $1,906. Reported taxable interest for persons was $712, dividends $1,901, capital gains +$471, and itemized deductions $14,336. The average earned income tax credit is $2,474. The percent of individuals that use a tax preparer is 50.9%. The total average income taxes paid by individuals was $4,533. Businesses reported an average profit of $6,346.
Sushi Bay
25870 W 6 Mile Rd, Redford, MI 48240
Kabob Bistro
25911 W 6 Mile Rd, Redford, MI 48240
Redford Coney Island
25813 W 7 Mile Rd, Redford, MI 48240
Happy Garden Restaurant
25854 W 6 Mile Rd, Redford, MI 48240
HomeTown Buffet
17502 Macarthur, Redford, MI 48240
Mama Mia's Italian Restaurant
19385 Beech Daly Rd, Redford, MI 48240
Napoli's Pizzeria
25010 W 6 Mile Rd, Redford, MI 48240
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