Interested in purchasing investment houses in the 48460 zip code in New Lothrop, MI?
The zip code 48460 is in both Shiawassee and Saginaw counties with a latitude of -83.987220000000 and longitude of 43.128200000000, is in the state of Michigan. The average asking price of houses and condos is $112,643.00 and the average sale price was $86,235.00. this regions is classified as the Flint - Saginaw metro area and is in the 810 area code. The location in degrees is 43° 7' 41.52" N, 83° 59' 13.992" W. The county F.I.P.S. is 26155. The total land area is 33.7 square miles and the water area is 0.4 square miles. The elevation in this area is 653 - 715 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48460 is in county number 155 and is L. Sector 97, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 2,381 in 2019 and 2,330 in 2010. This further breaks down to 1,215 males (51.0%) and 1,165 females (49.0%). The median age of residents is 41.9 years. The population of the greater Owosso, MI area is 70,760. The population density (people per square mile) is 71. This zip code has a combined total of 995 houses and condos. There are 164 rented appartments. 17% of residents rent versus the 17% 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 $47,147 and the average salary is $40,110. The median household income of individuals is $57,409.00 and the average is $61,920.00. This zip code has a mean commute time to work of 33.9 minutes. The unemployment rate is 3.1%. Income earners by percent breakdown as 40.90% (Under $50,000), 38.80% ($50,000-$100,000), and 20.30% earn over $100,000. 6.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 81.0. The educational breakdown is 92.5% have a high school education or higher, 21.1% have a bachelor's degree or higher, and 6.2% have some kind of profesional degree.
This area has 924 households and the average size is 2.5 people. Individuals who are single and have never been married are 25.2%, 57.6% are now married, 0.2% are separated, 8.6% are widowed, and 8.4% are divorced. The average yearly contribution amount given by people to charity was $3,139 versus the state average of $4,225. The percent of residents who gave to charity was 19.8%.
The estimated median value of houses and condos is $162,877. The median monthly owner costs of mortgage holders was $1,258, where as the costs for those who don't have a mortgage are $529. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $2,146. 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 1.3% which amounted to an average tax amount of $2,141. 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 $2,161. Reported taxable interest for persons was $1,098, dividends $2,728, capital gains +$1,786, and itemized deductions $18,079. The average earned income tax credit is $2,350. The percent of individuals that use a tax preparer is 69.8%. The total average income taxes paid by individuals was $6,561. Businesses reported an average profit of $2,363.
New Lothrop Tavern
9513 Genesee St, New Lothrop, MI 48460
Arthur's Pizzeria
9496 Genesee St, New Lothrop, MI 48460
Naples Pizzeria & Restaurant
103 W State St, Montrose, MI 48457 (5.8 miles away)
Smokin Johnny V s
446 E McNeil St, Corunna, MI 48817 (7.1 miles away)
Riverfront Grille
128 N Front St, Chesaning, MI 48616 (7.1 miles away)
Backwoods Bar & Grill of Burt
12201 Albee Rd, Burt, MI 48417 (7.2 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!
