Interested in purchasing investment houses in the 48622 zip code in Farwell, MI?
The zip code 48622 is in both Clare and Isabella counties with a latitude of -84.880390000000 and longitude of 43.840050000000, is in the state of Michigan. The average asking price of houses and condos is $108,882.00 and the average sale price was $39,339.00. this regions is classified as the Traverse City metro area and is in the 989 area code. The location in degrees is 43° 50' 24.18" N, 84° 52' 49.404" W. The county F.I.P.S. is 26035. The total land area is 95.1 square miles and the water area is 1.2 square miles. The elevation in this area is 873 - 1165 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48622 is in county number 073 and is L. Sector 92, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 5,901 in 2019 and 6,491 in 2010. This further breaks down to 2,754 males (46.7%) and 3,147 females (53.3%). The median age of residents is 47.1 years. The population density (people per square mile) is 62. This zip code has a combined total of 3,432 houses and condos. There are 337 rented appartments. 14% of residents rent versus the 14% 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 $41,707 and the average salary is $35,949. The median household income of individuals is $38,272.00 and the average is $48,670.00. This zip code has a mean commute time to work of 27.7 minutes. The unemployment rate is 7.5%. Income earners by percent breakdown as 64.40% (Under $50,000), 26.70% ($50,000-$100,000), and 8.90% earn over $100,000. 12.2% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 81.5. The educational breakdown is 88.7% have a high school education or higher, 14.7% have a bachelor's degree or higher, and 4.8% have some kind of profesional degree.
This area has 2,597 households and the average size is 2.5 people. Individuals who are single and have never been married are 23.5%, 56.4% are now married, 1.0% are separated, 9.4% are widowed, and 9.7% are divorced. The average yearly contribution amount given by people to charity was $2,811 versus the state average of $4,225. The percent of residents who gave to charity was 12.7%.
The estimated median value of houses and condos is $118,536. The median monthly owner costs of mortgage holders was $1,011, where as the costs for those who don't have a mortgage are $440. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 5.0.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,388. 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 $1,454. 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 $1,328. Reported taxable interest for persons was $1,114, dividends $2,811, capital gains +$2,680, and itemized deductions $19,396. The average earned income tax credit is $2,272. The percent of individuals that use a tax preparer is 65.5%. The total average income taxes paid by individuals was $5,965. Businesses reported an average profit of $8,580.
Birchwood Restaurant
2497 W Cadillac Dr, Farwell, MI 48622
Big R's Hogs & Dogs
1876 W Ludington Dr, Farwell, MI 48622
Bonnie N Clyde's
111 E Main St, Farwell, MI 48622
Conlays Cafe
Farwell, MI 48622
Deb's & Nana's Place
310 W Main St, Farwell, MI 48622
K's Diner
2105 W Ludington Dr, Farwell, MI 48622
The Mad Cafe
310 W Main St, Farwell, MI 48622
The Nest
310 W Main St, Farwell, MI 48622
Bonds DJ's Lounge
210 W Main St, Farwell, MI 48622
Ponderosa Steakhouse
10306 S Clare Ave, Clare, MI 48617 (5.6 miles away)
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