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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 48307 zip code in Rochester, MI?
Detailed Demographic Statistics
The zip code 48307 is in Oakland county, is in the state of Michigan. This zip code contains two cities including Rochester Hills, MI (77.48%), and Rochester, MI (22.52%) The total land area is 15.3 square miles and the water area is 0.1 square miles.
The zip 48307 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 44,150 in 2019 and 41,369 in 2010. This further breaks down to 21,119 males (47.8%) and 23,031 females (52.2%). The median age of residents is 39.4 years. The population density (people per square mile) is 2,877. This zip code has a combined total of 19,711 houses and condos. There are 6,138 rented appartments. 34% of residents rent versus the 34% of residents in the state who rent.
The average individual gross adjusted income is $77,165 and the average salary is $66,377. The estimated median household income of individuals is around $84,886. This zip code has a mean commute time to work of 28.3 minutes. The unemployment rate is 3.0%. 6.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 91.4. The educational breakdown is 97.9% have a high school education or higher, 55.4% have a bachelor's degree or higher, and 24.7% have some kind of profesional degree.
The average size of households is 2.4 people. Individuals who are single and have never been married are 28.8%, 54.3% are now married, 0.7% are separated, 5.9% are widowed, and 10.3% are divorced. The average yearly contribution amount given by people to charity was $3,830 versus the state average of $4,225. The percent of residents who gave to charity was 35.2%.
The estimated median value of houses and condos is $298,883. The median monthly owner costs of mortgage holders was $1,767, where as the costs for those who don't have a mortgage are $649. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $3,682. 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 1.2% which amounted to an average tax amount of $3,822. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $3,403. Reported taxable interest for persons was $1,276, dividends $4,462, capital gains +$3,621, and itemized deductions $23,639. The average earned income tax credit is $1,931. The percent of individuals that use a tax preparer is 53.5%. The total average income taxes paid by individuals was $9,191. Businesses reported an average profit of $15,625.Local Restaurants
Rochester Chop House & Oyster Bar
306 S Main St, Rochester, MI 48307
Kruse & Muer On Main
327 S Main St, Rochester, MI 48307
Mamma Mia Tuscan Grille
543 N Main St, Rochester, MI 48307
The Silver Spoon Restaurant
543 N Main St, Rochester, MI 48307
Bologna Via Cucina
334 S Main St, Rochester, MI 48307
Sukho Thai Cuisine
54 W Auburn Rd, Rochester, MI 48307
Sumo Sushi & Seafood
418 S Main St, Rochester, MI 48307
Penny Black
124 W 4th St, Rochester, MI 48307
Chomp
200 S Main St, Rochester, MI 48307
The Victorian Rose
118 W 3rd St, Rochester, MI 48307
Paul's On Main Inc
630 N Main St, Rochester, MI 48307
Red Olive Restaurant
1194 Walton Blvd, Rochester, MI 48307
O'Connor's Public House
324 S Main St, Rochester, MI 48307
Rochester Brunch House
301 Walnut Blvd, Rochester, MI 48307
Gus O'Connor's
324 S Main St, Rochester, MI 48307
Dino's Cookie Dough Bar
111 E University Dr, Rochester, MI 48307
PARK 600 Locally Crafted
600 E University Dr, Rochester, MI 48307
Recipes Restaurant
134 W University Dr, Rochester, MI 48307
Too Ra Loo
139 S Main St, Rochester, MI 48307
Bar Louie
1488 N Rochester Rd, Rochester, MI 48307
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!
