Interested in purchasing investment houses in the 48464 zip code in Otter Lake, MI?
The zip code 48464 is in both Lapeer and Tuscola counties with a latitude of -83.421020000000 and longitude of 43.219050000000, is in the state of Michigan. The average asking price of houses and condos is $86,739.00 and the average sale price was $67,750.00. this regions is classified as the Detroit metro area and is in the 810 area code. The location in degrees is 43° 13' 8.58" N, 83° 25' 15.672" W. The county F.I.P.S. is 26049. The total land area is 18.5 square miles and the water area is 0.8 square miles. The elevation in this area is 830 - 899 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48464 is in county number 157 and is L. Sector 94, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 2,180 in 2019 and 2,231 in 2010. This further breaks down to 1,104 males (50.7%) and 1,075 females (49.3%). The median age of residents is 48.2 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 118. This zip code has a combined total of 1,045 houses and condos. There are 66 rented appartments. 8% of residents rent versus the 8% 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 $40,456 and the average salary is $32,847. The median household income of individuals is $53,217.00 and the average is $49,010.00. This zip code has a mean commute time to work of 38.2 minutes. The unemployment rate is 2.8%. Income earners by percent breakdown as 45.40% (Under $50,000), 41.70% ($50,000-$100,000), and 12.90% earn over $100,000. 9.9% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 84.6. The educational breakdown is 86.5% have a high school education or higher, 10.6% have a bachelor's degree or higher, and 3.7% have some kind of profesional degree.
This area has 836 households and the average size is 2.7 people. Individuals who are single and have never been married are 22.7%, 59.2% are now married, 0.2% are separated, 8.3% are widowed, and 9.7% are divorced. The average yearly contribution amount given by people to charity was $2,106 versus the state average of $4,225. The percent of residents who gave to charity was 18.3%.
The estimated median value of houses and condos is $141,093. The median monthly owner costs of mortgage holders was $1,133, where as the costs for those who don't have a mortgage are $371. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 6.0.
The real estate tax percent rate is 1.2% 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 1.2% which amounted to an average tax amount of $1,865. 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 $1,567. Reported taxable interest for persons was $396, dividends $1,589, and itemized deductions $17,277. The average earned income tax credit is $1,984. The percent of individuals that use a tax preparer is 62.4%. The total average income taxes paid by individuals was $5,059. Businesses reported an average profit of $3,258.
H & S Meat Market
6401 Detroit St, Otter Lake, MI 48464
Fire Escape
9258 Foster St, Fostoria, MI 48435 (3.9 miles away)
Italian Village Market
4794 Lapeer Rd, Columbiaville, MI 48421 (5.2 miles away)
Otie's
229 S State Rd, Otisville, MI 48463 (5.7 miles away)
McPherson's Family Restaurant
8580 State Rd, Millington, MI 48746 (7.9 miles away)
Maria's Pizzeria
230 W Main St, Mayville, MI 48744 (9.9 miles away)
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