Interested in purchasing investment houses in the 48662 zip code in Wheeler, MI?
The zip code 48662 is in both Gratiot and Midland counties with a latitude of -84.410980000000 and longitude of 43.411150000000, is in the state of Michigan. The average asking price of houses and condos is $81,833.00 and the average sale price was $73,063.00. this regions is classified as the Flint - Saginaw metro area and is in the 989 area code. The location in degrees is 43° 24' 40.14" N, 84° 24' 39.528" W. The county F.I.P.S. is 26057. The total land area is 46.5 square miles and the water area is 0.1 square miles. The elevation in this area is 666 - 712 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48662 is in county number 111 and is L. Sector 96, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 1,677 in 2019 and 1,594 in 2010. This further breaks down to 921 males (55.0%) and 755 females (45.0%). The median age of residents is 45.9 years. The population of the greater Alma, MI area is 42,481. The population density (people per square mile) is 36. This zip code has a combined total of 681 houses and condos. There are 51 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 lower middle class. The average individual gross adjusted income is $48,539 and the average salary is $37,618. The median household income of individuals is $42,217.00 and the average is $57,590.00. This zip code has a mean commute time to work of 28.3 minutes. The unemployment rate is 4.9%. Income earners by percent breakdown as 60.40% (Under $50,000), 31.60% ($50,000-$100,000), and 8.00% earn over $100,000. 16.5% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 81.7. The educational breakdown is 91.9% have a high school education or higher, 10.1% have a bachelor's degree or higher, and 4.1% have some kind of profesional degree.
This area has 591 households and the average size is 2.5 people. Individuals who are single and have never been married are 28.6%, 57.8% are now married, 0.2% are separated, 4.2% are widowed, and 9.2% are divorced. The average yearly contribution amount given by people to charity was $4,900 versus the state average of $4,225. The percent of residents who gave to charity was 9.9%.
The estimated median value of houses and condos is $98,633. The median monthly owner costs of mortgage holders was $976, where as the costs for those who don't have a mortgage are $507. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 6.7.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,316. 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 $1,272. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $1,380. Reported taxable interest for persons was $848, dividends $1,444, capital gains +$1,367, and itemized deductions $17,618. The average earned income tax credit is $2,255. The percent of individuals that use a tax preparer is 64.8%. The total average income taxes paid by individuals was $5,282. Businesses reported an average profit of $5,144.
Hartman Wendy
7200 E Mcgregor Rd, Wheeler, MI 48662
Anschutz Cafe
212 E Saginaw St, Breckenridge, MI 48615 (3.9 miles away)
Woody's Place
124 N Midland St, Merrill, MI 48637 (4.7 miles away)
Tony's Home Of The Giant Steak Sandwich
518 W Washington St, Saint Louis, MI 48880 (8.9 miles away)
Mama Mia's Pizzeria
16535 Gratiot Rd, Hemlock, MI 48626 (10 miles away)
B & L's Shed Inc
11995 S Merrill Rd, Brant, MI 48614 (11.7 miles away)
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