Interested in purchasing investment houses in the 48414 zip code in Bancroft, MI?
The zip code 48414 is in Shiawassee county with a latitude of -84.078820000000 and longitude of 42.861810000000, is in the state of Michigan. The average asking price of houses and condos is $122,318.00 and the average sale price was $61,200.00. this regions is classified as the Flint - Saginaw metro area and is in the 989 area code. The location in degrees is 42° 51' 42.516" N, 84° 4' 43.752" W. The county F.I.P.S. is 26155. The total land area is 32.2 square miles and the water area is 1.0 square miles. The elevation in this area is 817 - 860 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48414 is in county number 155 and is L. Sector 00, L. Segment 01, H. Sector 16, and H. Segment 16. The population was 2,638 in 2019 and 2,492 in 2010. This further breaks down to 1,296 males (49.1%) and 1,341 females (50.9%). The median age of residents is 44.5 years. The population of the greater Owosso, MI area is 70,760. The population density (people per square mile) is 82. This zip code has a combined total of 1,106 houses and condos. There are 101 rented appartments. 10% of residents rent versus the 10% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $44,889 and the average salary is $39,641. The median household income of individuals is $52,767.00 and the average is $54,050.00. This zip code has a mean commute time to work of 34.4 minutes. The unemployment rate is 3.3%. Income earners by percent breakdown as 46.70% (Under $50,000), 37.70% ($50,000-$100,000), and 15.60% earn over $100,000. 6.5% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 82.1. The educational breakdown is 94.3% have a high school education or higher, 13.0% have a bachelor's degree or higher, and 4.3% have some kind of profesional degree.
This area has 934 households and the average size is 2.7 people. Individuals who are single and have never been married are 27.1%, 58.9% are now married, 1.4% are separated, 4.0% are widowed, and 8.6% are divorced. The average yearly contribution amount given by people to charity was $2,300 versus the state average of $4,225. The percent of residents who gave to charity was 18.5%.
The estimated median value of houses and condos is $154,362. The median monthly owner costs of mortgage holders was $1,222, where as the costs for those who don't have a mortgage are $422. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 5.4.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,762. 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 1.1% which amounted to an average tax amount of $1,761. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,771. Reported taxable interest for persons was $830, dividends $2,200, capital gains +$325, and itemized deductions $16,950. The average earned income tax credit is $2,082. The percent of individuals that use a tax preparer is 63.0%. The total average income taxes paid by individuals was $5,827. Businesses reported an average profit of $5,027.
HomeTown Buffet
6701 Bancroft Rd, Bancroft, MI 48414
Kits Cafe
114 S Main St, Bancroft, MI 48414
Diane's Country Kitchen
329 Main St, Morrice, MI 48857 (4.1 miles away)
Sherman's Irish Pub
122 E Main St # 358, Vernon, MI 48476 (6 miles away)
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