Interested in purchasing investment houses in the 48640 zip code in Midland, MI?
The zip code 48640 is in Midland county with a latitude of -84.335730000000 and longitude of 43.585640000000, is in the state of Michigan. The average asking price of houses and condos is $162,493.00 and the average sale price was $145,136.00. this regions is classified as the Flint - Saginaw metro area and is in the 989 area code. The location in degrees is 43° 35' 8.304" N, 84° 20' 8.628" W. The county F.I.P.S. is 26111. The total land area is 101.0 square miles and the water area is 3.7 square miles. The elevation in this area is 604 - 663 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48640 is in county number 017 and is L. Sector 58, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 32,553 in 2019 and 32,690 in 2010. Of this, the break down in 2019 was 20,874 urban and 11,678 rural. This further breaks down to 15,942 males (49.0%) and 16,610 females (51.0%). The median age of residents is 40.7 years. The population of the greater Midland, MI area is 83,094. The population density (people per square mile) is 322. This zip code has a combined total of 14,303 houses and condos. There are 3,562 rented appartments. 27% of residents rent versus the 27% 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 $67,685 and the average salary is $58,149. The median household income of individuals is $57,530.00 and the average is $78,010.00. This zip code has a mean commute time to work of 21.6 minutes. The unemployment rate is 5.7%. Income earners by percent breakdown as 44.30% (Under $50,000), 30.80% ($50,000-$100,000), and 24.90% earn over $100,000. 10.9% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 78.0. The educational breakdown is 96.3% have a high school education or higher, 37.8% have a bachelor's degree or higher, and 14.4% have some kind of profesional degree.
This area has 13,120 households and the average size is 2.4 people. Individuals who are single and have never been married are 27.6%, 54.1% are now married, 0.9% are separated, 5.2% are widowed, and 12.3% are divorced. The average yearly contribution amount given by people to charity was $5,760 versus the state average of $4,225. The percent of residents who gave to charity was 28.3%.
The estimated median value of houses and condos is $166,636. The median monthly owner costs of mortgage holders was $1,253, where as the costs for those who don't have a mortgage are $516. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 1.6% which equated to an average real estate tax amount payment of $2,680. 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 1.6% which amounted to an average tax amount of $2,697. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $2,659. Reported taxable interest for persons was $1,349, dividends $10,502, capital gains +$7,389, and itemized deductions $23,521. The average earned income tax credit is $1,984. The percent of individuals that use a tax preparer is 51.9%. The total average income taxes paid by individuals was $9,541. Businesses reported an average profit of $14,659.
Gratzi Midland
120 E Main St, Midland, MI 48640
Basil Thai Bistro
416 E Ellsworth St, Midland, MI 48640
979 Golden Buffett
979 S Saginaw Rd, Midland, MI 48640
Genji Japenses Steak House
2929 S Saginaw Rd, Midland, MI 48640
Maru Sushi & Grill
715 E Main St, Midland, MI 48640
Molasses Smokehouse + Bar
201 E Main St, Midland, MI 48640
Diamond Jim's
101 E Main St, Midland, MI 48640
Lanny's Restaurant
4312 N Saginaw Rd, Midland, MI 48640
Lasko's Restaurant
1301 Washington St, Midland, MI 48640
Whichcraft Taproom
124 Ashman St, Midland, MI 48640
ONe eighteen
111 W Main St, Midland, MI 48640
Aster
134 Ashman St, Midland, MI 48640
Good to Go Take Out
128 Townsend St, Midland, MI 48640
Oscar's Restaurant & Entertainment
140 E Main St, Midland, MI 48640
Lil' Chef Restaurant
1616 S Saginaw Rd, Midland, MI 48640
Table Restaurant
111 W Main St, Midland, MI 48640
Entre Amigos
2600 N Saginaw Rd, Midland, MI 48640
Bamboo Garden
2600 N Saginaw Rd, Midland, MI 48640
My Alibi
2185 S Meridian Rd, Midland, MI 48640
China Palace
1908 S Saginaw Rd, Midland, MI 48640
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!
