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| The First and Original 1-800-932-8946 | |
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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 48374 zip code in Novi, MI?
Detailed Demographic Statistics
The zip code 48374 is in Oakland county, is in the state of Michigan. The total land area is 9.1 square miles and the water area is 0.1 square miles.
The zip 48374 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 16,769 in 2019 and 14,049 in 2010. Of this, the break down in 2019 was 16,153 urban and 615 rural. This further breaks down to 8,233 males (49.1%) and 8,536 females (50.9%). The median age of residents is 38.2 years. The population density (people per square mile) is 1,846. This zip code has a combined total of 5,406 houses and condos. There are 611 rented appartments. 11% of residents rent versus the 11% of residents in the state who rent.
The average individual gross adjusted income is $139,241 and the average salary is $117,899. The estimated median household income of individuals is around $145,324. This zip code has a mean commute time to work of 28.6 minutes. The unemployment rate is 2.8%. 5.5% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 94.1. The educational breakdown is 97.4% have a high school education or higher, 66.8% have a bachelor's degree or higher, and 34.8% 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 23.0%, 68.0% are now married, 0.0% are separated, 3.1% are widowed, and 5.9% are divorced. The average yearly contribution amount given by people to charity was $4,973 versus the state average of $4,225. The percent of residents who gave to charity was 51.0%.
The estimated median value of houses and condos is $477,793. The median monthly owner costs of mortgage holders was $2,768, where as the costs for those who don't have a mortgage are $811. The median number of rooms in houses and condos are 8.5 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $7,422. 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 1.5% which amounted to an average tax amount of $7,614. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.8% which amounted to an average tax amount of $6,821. Reported taxable interest for persons was $1,905, dividends $6,026, capital gains +$14,397, and itemized deductions $32,966. The average earned income tax credit is $1,914. The percent of individuals that use a tax preparer is 51.9%. The total average income taxes paid by individuals was $16,050. Businesses reported an average profit of $27,695.Local Restaurants
Gatsby's
45701 Grand River Ave, Novi, MI 48374
The Grand Diner
48730 Grand River Ave, Novi, MI 48374
La Herradura Mexican Restaurant
47690 Grand River Ave, Novi, MI 48374
Nearby Restaurants
Black Rock Bar and Grill
44175 W 12 Mile Rd, Novi, MI 48377 (2.9 miles away)
Steve & Rocky's of Novi
43150 Grand River Ave, Novi, MI 48375 (3.4 miles away)
Gaucho Steakhouse
39550 7 Mile Rd, Northville, MI 48167 (3.9 miles away)
Alex's Pizzeria
49000 Pontiac Trl, Wixom, MI 48393 (4.2 miles away)
Hyde Park Prime Steakhouse
17107 Haggerty Rd, Northville, MI 48168 (4.7 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!
