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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 48334 zip code in Farmington, MI?
Detailed Demographic Statistics
The zip code 48334 is in Oakland county, is in the state of Michigan. The total land area is 9.0 square miles and the water area is 0.0 square miles.
The zip 48334 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 19,315 in 2019 and 18,540 in 2010. This further breaks down to 9,046 males (46.8%) and 10,269 females (53.2%). The median age of residents is 46.3 years. The population density (people per square mile) is 2,149. This zip code has a combined total of 8,597 houses and condos. There are 3,087 rented appartments. 38% of residents rent versus the 38% of residents in the state who rent.
The average individual gross adjusted income is $86,003 and the average salary is $62,476. The estimated median household income of individuals is around $85,417. This zip code has a mean commute time to work of 25.8 minutes. The unemployment rate is 3.7%. 6.2% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 91.0. The educational breakdown is 94.6% have a high school education or higher, 54.9% have a bachelor's degree or higher, and 25.0% 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 28.9%, 50.3% are now married, 0.9% are separated, 6.8% are widowed, and 13.1% are divorced. The average yearly contribution amount given by people to charity was $6,178 versus the state average of $4,225. The percent of residents who gave to charity was 37.7%.
The estimated median value of houses and condos is $266,706. The median monthly owner costs of mortgage holders was $1,740, where as the costs for those who don't have a mortgage are $685. The median number of rooms in houses and condos are 7.5 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $4,367. 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 1.6% which amounted to an average tax amount of $4,490. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $4,072. Reported taxable interest for persons was $3,662, dividends $9,633, capital gains +$15,490, and itemized deductions $27,258. The average earned income tax credit is $1,920. The percent of individuals that use a tax preparer is 60.2%. The total average income taxes paid by individuals was $10,435. Businesses reported an average profit of $15,799.Local Restaurants
Buffalo Wild Wings
31205 Orchard Lake Rd, Farmington Hills, MI 48334
Buddy's Pizza
31800 Northwestern Hwy Ste 206, Farmington, MI 48334
Tomatoes A Pizza Inc
29275 W 14 Mile Rd, Farmington Hills, MI 48334
Nearby Restaurants
Samurai Steakho use
32821 Grand River Ave, Farmington, MI 48336 (2.9 miles away)
Outback Steakhouse
6203 Orchard Lake Rd, West Bloomfield, MI 48322 (2.9 miles away)
Fishbone's Rhythm Kitchen Cafe
29244 Northwestern Hwy, Southfield, MI 48034 (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!
