Interested in purchasing investment houses in the 48465 zip code in Palms, MI?
The zip code 48465 is in Sanilac county with a latitude of -82.707990000000 and longitude of 43.614600000000, is in the state of Michigan. The average asking price of houses and condos is $303,000.00 and the average sale price was $161,398.00. this regions is classified as the Detroit metro area and is in the 810 area code. The location in degrees is 43° 36' 52.56" N, 82° 42' 28.764" W. The county F.I.P.S. is 26151. The total land area is 41.1 square miles and the water area is 0.5 square miles. The elevation in this area is 614 - 837 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48465 is in county number 151 and is L. Sector 96, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 709 in 2019 and 629 in 2010. This further breaks down to 370 males (52.3%) and 338 females (47.7%). The median age of residents is 39.0 years. The population density (people per square mile) is 17. This zip code has a combined total of 505 houses and condos. There are 53 rented appartments. 20% of residents rent versus the 20% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $44,596 and the average salary is $31,542. The median household income of individuals is $41,001.00 and the average is $47,260.00. This zip code has a mean commute time to work of 33.7 minutes. The unemployment rate is 5.6%. Income earners by percent breakdown as 60.30% (Under $50,000), 31.90% ($50,000-$100,000), and 7.80% earn over $100,000. 15.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 82.0. The educational breakdown is 86.1% have a high school education or higher, 10.8% have a bachelor's degree or higher, and 4.5% have some kind of profesional degree.
This area has 262 households and the average size is 2.6 people. Individuals who are single and have never been married are 24.9%, 52.9% are now married, 1.1% are separated, 8.4% are widowed, and 12.7% are divorced. The average yearly contribution amount given by people to charity was $1,633 versus the state average of $4,225. The percent of residents who gave to charity was 11.1%.
The estimated median value of houses and condos is $155,689. The median monthly owner costs of mortgage holders was $1,111, where as the costs for those who don't have a mortgage are $497. The median number of rooms in houses and condos are 6.4 versus apartments which had a median number of 5.6.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,396. 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 0.9% which amounted to an average tax amount of $1,448. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $1,356. Reported taxable interest for persons was $950, dividends $1,167, capital gains +$9,400, and itemized deductions $17,300. The average earned income tax credit is $2,380. The percent of individuals that use a tax preparer is 81.5%. The total average income taxes paid by individuals was $5,275. Businesses reported an average profit of $5,200.
Firehouse Pizzeria & Grill
1746 Main St, Minden City, MI 48456 (4.1 miles away)
Foster's Bar & Grill
8070 Lakeshore Rd, Forestville, MI 48434 (5.1 miles away)
D-Ville Diner
3474 Main St, Deckerville, MI 48427 (7.7 miles away)
Farmers Tavern
4522 Ruth Rd, Ruth, MI 48470 (8.2 miles away)
Subway
4497 N Washington St, Ubly, MI 48475 (13.8 miles away)
Williams Inn
1724 S Lakeshore Rd, Harbor Beach, MI 48441 (14.2 miles away)
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