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![]() | We Buy Homes |
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Investors
Interested in purchasing investment houses in the 48359 zip code in Lake Orion, MI?
Detailed Demographic Statistics
The zip code 48359 is in Oakland county, is in the state of Michigan. The total land area is 10.8 square miles and the water area is 0.3 square miles.
The zip 48359 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 9,906 in 2019 and 8,044 in 2010. This further breaks down to 4,873 males (49.2%) and 5,033 females (50.8%). The median age of residents is 38.7 years. The population density (people per square mile) is 920. This zip code has a combined total of 4,060 houses and condos. There are 1,191 rented appartments. 31% of residents rent versus the 31% of residents in the state who rent.
The average individual gross adjusted income is $63,730 and the average salary is $59,017. The estimated median household income of individuals is around $88,456. This zip code has a mean commute time to work of 28.2 minutes. The unemployment rate is 2.9%. 7.5% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 90.5. The educational breakdown is 94.7% have a high school education or higher, 48.6% have a bachelor's degree or higher, and 22.0% have some kind of profesional degree.
The average size of households is 2.6 people. Individuals who are single and have never been married are 31.2%, 57.1% are now married, 0.4% are separated, 3.2% are widowed, and 8.1% are divorced. The average yearly contribution amount given by people to charity was $3,186 versus the state average of $4,225. The percent of residents who gave to charity was 33.2%.
The estimated median value of houses and condos is $294,682. The median monthly owner costs of mortgage holders was $1,831, where as the costs for those who don't have a mortgage are $561. The median number of rooms in houses and condos are 7.7 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 $3,537. 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 $3,715. 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 $2,738. Reported taxable interest for persons was $681, dividends $1,836, capital gains +$1,275, and itemized deductions $21,410. The average earned income tax credit is $2,169. The percent of individuals that use a tax preparer is 48.0%. The total average income taxes paid by individuals was $8,078. Businesses reported an average profit of $10,951.Local Restaurants
LongHorn Steakhouse
4965 S Baldwin Rd, Lake Orion, MI 48359
Joe's Crab Shack
4975 S Baldwin Rd, Lake Orion, MI 48359
Thai Fix
3763 S Baldwin Rd, Lake Orion, MI 48359
Bad Brads BBQ
3437 S Baldwin Rd, Lake Orion, MI 48359
Dickey's Barbecue Pit
4761 S Baldwin Rd, Lake Orion, MI 48359
Iris Cafe Restaurant
3667 S Baldwin Rd, Lake Orion, MI 48359
Pete's Coney Island II
4083 S Baldwin Rd, Lake Orion, MI 48359
Oscar'sxc2xa0 Bar And Grill
3575 S Baldwin Rd, Lake Orion, MI 48359
Carrie Lee's of Orion
3047 S Baldwin Rd, Lake Orion, MI 48359
Baldwin Cafe
3010 S Baldwin Rd, Lake Orion, MI 48359
Nearby Restaurants
Speedy Cafe
1030 S Lapeer Rd, Lake Orion, MI 48360 (1.4 miles away)
Valentino's
185 S Broadway St, Lake Orion, MI 48362 (3.7 miles away)