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| The First and Original 1-800-932-8946 | |
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Investors
Interested in purchasing investment houses in the 48377 zip code in Novi, MI?
Detailed Demographic Statistics
The zip code 48377 is in Oakland county, is in the state of Michigan. The total land area is 9.6 square miles and the water area is 0.8 square miles.
The zip 48377 is in county number and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 16,917 in 2019 and 15,244 in 2010. Of this, the break down in 2019 was 15,703 urban and 1,213 rural. This further breaks down to 8,185 males (48.4%) and 8,732 females (51.6%). The median age of residents is 38.4 years. The population density (people per square mile) is 1,754. This zip code has a combined total of 8,536 houses and condos. There are 4,007 rented appartments. 51% of residents rent versus the 51% of residents in the state who rent.
The average individual gross adjusted income is $71,410 and the average salary is $62,693. The estimated median household income of individuals is around $71,550. This zip code has a mean commute time to work of 27.3 minutes. The unemployment rate is 1.2%. 3.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 91.8. The educational breakdown is 95.8% have a high school education or higher, 57.7% have a bachelor's degree or higher, and 26.0% have some kind of profesional degree.
The average size of households is 2.1 people. Individuals who are single and have never been married are 29.5%, 50.9% are now married, 0.2% are separated, 9.3% are widowed, and 10.0% are divorced. The average yearly contribution amount given by people to charity was $3,912 versus the state average of $4,225. The percent of residents who gave to charity was 31.1%.
The estimated median value of houses and condos is $304,633. The median monthly owner costs of mortgage holders was $2,042, where as the costs for those who don't have a mortgage are $703. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.5% which equated to an average real estate tax amount payment of $4,626. 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 1.4% which amounted to an average tax amount of $4,898. 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 $3,483. Reported taxable interest for persons was $1,909, dividends $7,482, capital gains +$5,182, and itemized deductions $22,754. The average earned income tax credit is $2,065. The percent of individuals that use a tax preparer is 55.9%. The total average income taxes paid by individuals was $8,433. Businesses reported an average profit of $13,523.Local Restaurants
Black Rock Bar and Grill
44175 W 12 Mile Rd, Novi, MI 48377
Red Lobster
27760 Novi Rd, Novi, MI 48377
Carrabba's Italian Grill
43455 W Oaks Dr, Novi, MI 48377
Cherry Blossom Japanese Restaurant
43588 W Oaks Dr, Novi, MI 48377
Riki Sushi
42165 W 14 Mile Rd, Novi, MI 48377
The Cheesecake Factory
27862 Novi Rd, Novi, MI 48377
Farm Grill
30990 Beck Rd, Novi, MI 48377
Toasted Oak Grill & Market
27790 Novi Rd, Novi, MI 48377
Restaurant Gigantie
45003 W Pontiac Trl, Novi, MI 48377
Rojo Mexican Bistro
44375 W 12 Mile Rd, Novi, MI 48377
New Royal Wall
31178 Beck Rd, Novi, MI 48377
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!
