Interested in purchasing investment houses in the 48647 zip code in Mio, MI?
The zip code 48647 is in both Oscoda and Alcona counties with a latitude of -84.104860000000 and longitude of 44.658920000000, is in the state of Michigan. The average asking price of houses and condos is $87,713.00 and the average sale price was $129,000.00. this regions is classified as the Traverse City metro area and is in the 989 area code. The location in degrees is 44° 39' 32.112" N, 84° 6' 17.496" W. The county F.I.P.S. is 26135. The total land area is 141.4 square miles and the water area is 1.8 square miles. The elevation in this area is 948 - 1293 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48647 is in county number 001 and is L. Sector 93, L. Segment 90, H. Sector 90, and H. Segment 90. The population was 4,431 in 2019 and 4,420 in 2010. This further breaks down to 2,293 males (51.7%) and 2,138 females (48.3%). The median age of residents is 44.7 years. The population density (people per square mile) is 31. This zip code has a combined total of 3,912 houses and condos. There are 392 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 $32,305 and the average salary is $24,770. The median household income of individuals is $33,674.00 and the average is $41,330.00. This zip code has a mean commute time to work of 21.0 minutes. The unemployment rate is 11.4%. Income earners by percent breakdown as 71.30% (Under $50,000), 23.00% ($50,000-$100,000), and 5.70% earn over $100,000. 15.0% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 80.9. The educational breakdown is 80.7% have a high school education or higher, 11.1% have a bachelor's degree or higher, and 4.9% have some kind of profesional degree.
This area has 1,853 households and the average size is 2.3 people. Individuals who are single and have never been married are 25.6%, 49.0% are now married, 1.3% are separated, 6.4% are widowed, and 17.6% are divorced. The average yearly contribution amount given by people to charity was $4,650 versus the state average of $4,225. The percent of residents who gave to charity was 8.7%.
The estimated median value of houses and condos is $98,080. The median monthly owner costs of mortgage holders was $866, where as the costs for those who don't have a mortgage are $329. The median number of rooms in houses and condos are 5.6 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,018. 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 1.1% which amounted to an average tax amount of $1,114. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $898. Reported taxable interest for persons was $687, dividends $1,579, capital gains +$3,106, and itemized deductions $17,458. The average earned income tax credit is $1,980. The percent of individuals that use a tax preparer is 68.5%. The total average income taxes paid by individuals was $4,063. Businesses reported an average profit of $13,371.
Ausable River Restaurant
412 N Morenci Ave, Mio, MI 48647
Paddle Inn
253 S Mount Tom Rd, Mio, MI 48647
Tin Lizzie's Restaurant
412 S Morenci Ave, Mio, MI 48647
Dj's Scenic Bar & Restaurant
4700 Mckinley Rd, Mio, MI 48647
Walker's Bar & Restaurant
221 S Morenci Ave, Mio, MI 48647
The Farmer's Creamery
50 W Kittle Rd, Mio, MI 48647
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