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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 48370 zip code in Oxford, MI?
Detailed Demographic Statistics
The zip code 48370 is in Oakland county, is in the state of Michigan. The total land area is 12.0 square miles and the water area is 0.1 square miles.
The zip 48370 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 1,921 in 2019 and 1,685 in 2010. Of this, the break down in 2019 was 219 urban and 1,701 rural. This further breaks down to 866 males (45.1%) and 1,055 females (54.9%). The median age of residents is 44.0 years. The population density (people per square mile) is 161. This zip code has a combined total of 650 houses and condos. There are 61 rented appartments. 10% of residents rent versus the 10% of residents in the state who rent.
The average individual gross adjusted income is $96,220 and the average salary is $75,645. The estimated median household income of individuals is around $101,062. This zip code has a mean commute time to work of 31.3 minutes. The unemployment rate is 2.0%. 5.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 88.2. The educational breakdown is 96.9% have a high school education or higher, 48.3% have a bachelor's degree or higher, and 26.0% have some kind of profesional degree.
The average size of households is 3.1 people. Individuals who are single and have never been married are 27.8%, 57.1% are now married, 0.6% are separated, 5.4% are widowed, and 9.0% are divorced. The average yearly contribution amount given by people to charity was $3,545 versus the state average of $4,225. The percent of residents who gave to charity was 46.9%.
The estimated median value of houses and condos is $391,766. The median monthly owner costs of mortgage holders was $2,156, where as the costs for those who don't have a mortgage are $822. The median number of rooms in houses and condos are 8.3 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $5,086. 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 $4,922. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $5,399. Reported taxable interest for persons was $2,018, dividends $4,320, capital gains +$2,372, and itemized deductions $26,223. The average earned income tax credit is $1,900. The percent of individuals that use a tax preparer is 59.3%. The total average income taxes paid by individuals was $10,700. Businesses reported an average profit of $23,782.Local Restaurants
The Roadhouse
1318 Rochester Rd, Lakeville, MI 48366 (1.8 miles away)
The Celtic Knot
1318 Rochester Rd, Leonard, MI 48367 (3.3 miles away)
Italia Gardens Restaurant
1076 S Lapeer Rd, Oxford, MI 48371 (4.2 miles away)
Valentino's
185 S Broadway St, Lake Orion, MI 48362 (5.1 miles away)
Speedy Cafe
1030 S Lapeer Rd, Lake Orion, MI 48360 (6.8 miles away)
Paint Creek Cider Mill
4480 Orion Rd, Rochester, MI 48306 (7.3 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!
