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![]() | We Buy Homes |
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Investors
Interested in purchasing investment houses in the 48328 zip code in Waterford, MI?
Detailed Demographic Statistics
The zip code 48328 is in Oakland county, is in the state of Michigan. This zip code contains two cities including Orchard Lake Village, MI (0.86%), and Keego Harbor, MI (0.00%) The total land area is 9.0 square miles and the water area is 2.6 square miles.
The zip 48328 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 26,764 in 2019 and 24,960 in 2010. This further breaks down to 13,582 males (50.7%) and 13,182 females (49.3%). The median age of residents is 40.1 years. The population density (people per square mile) is 2,961. This zip code has a combined total of 12,146 houses and condos. There are 4,160 rented appartments. 36% of residents rent versus the 36% of residents in the state who rent.
The average individual gross adjusted income is $46,464 and the average salary is $40,950. The estimated median household income of individuals is around $57,334. This zip code has a mean commute time to work of 27.0 minutes. The unemployment rate is 4.9%. 12.1% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 89.0. The educational breakdown is 90.6% have a high school education or higher, 25.5% have a bachelor's degree or higher, and 8.1% have some kind of profesional degree.
The average size of households is 2.3 people. Individuals who are single and have never been married are 35.1%, 41.9% are now married, 0.8% are separated, 5.6% are widowed, and 16.6% are divorced. The average yearly contribution amount given by people to charity was $2,774 versus the state average of $4,225. The percent of residents who gave to charity was 23.3%.
The estimated median value of houses and condos is $162,213. The median monthly owner costs of mortgage holders was $1,195, where as the costs for those who don't have a mortgage are $493. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,962. 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 $2,030. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $1,826. Reported taxable interest for persons was $1,034, dividends $3,473, capital gains +$2,908, and itemized deductions $18,259. The average earned income tax credit is $2,096. The percent of individuals that use a tax preparer is 52.8%. The total average income taxes paid by individuals was $6,456. Businesses reported an average profit of $12,269.Local Restaurants
Red Lobster
479 N Telegraph Rd, Waterford, MI 48328
So Thai Restaurant
3377 Elizabeth Lake Rd, Waterford, MI 48328
Hot Pepper Thai Restaurant
4212 Pontiac Lake Rd, Waterford, MI 48328
Lion's Den
4444 Highland Rd, Waterford, MI 48328
CJ's Upper Deck
3270 W Huron St, Waterford, MI 48328
Copperstone of Waterford
4631 Highland Rd, Waterford, MI 48328
La Wing Station
4240 Pontiac Lake Rd, Waterford, MI 48328
Speedy Cafxc3x83xc2xa9
3510 Elizabeth Lake Rd, Waterford, MI 48328
Chung's Of Waterford
4187 Highland Rd, Waterford, MI 48328
Taqueria San Jose Inc.
4550 Elizabeth Lake Rd, Waterford, MI 48328