Interested in purchasing investment houses in the 48742 zip code in Lincoln, MI?
The zip code 48742 is in Alcona county with a latitude of -83.443630000000 and longitude of 44.728320000000, is in the state of Michigan. The average asking price of houses and condos is $119,864.00 and the average sale price was $69,302.00. this regions is classified as the Alpena metro area and is in the 989 area code. The location in degrees is 44° 43' 41.952" N, 83° 26' 37.068" W. The county F.I.P.S. is 26001. This zip code contains two cities including Lost Lake Woods, MI (6.85%), and Lincoln, MI (1.40%) The total land area is 74.8 square miles and the water area is 0.8 square miles. The elevation in this area is 748 - 951 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48742 is in county number 001 and is L. Sector 00, L. Segment 01, H. Sector 58, and H. Segment 58. The population was 1,635 in 2019 and 1,647 in 2010. This further breaks down to 801 males (49.0%) and 834 females (51.0%). The median age of residents is 57.7 years. The population density (people per square mile) is 22. This zip code has a combined total of 1,417 houses and condos. There are 96 rented appartments. 12% of residents rent versus the 12% 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 $39,690 and the average salary is $33,113. The median household income of individuals is $35,915.00 and the average is $47,940.00. This zip code has a mean commute time to work of 24.4 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 66.80% (Under $50,000), 25.80% ($50,000-$100,000), and 7.40% earn over $100,000. 13.0% 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 92.8% have a high school education or higher, 14.5% have a bachelor's degree or higher, and 5.0% have some kind of profesional degree.
This area has 747 households and the average size is 2.1 people. Individuals who are single and have never been married are 16.1%, 54.7% are now married, 1.5% are separated, 9.3% are widowed, and 18.4% are divorced. The average yearly contribution amount given by people to charity was $1,782 versus the state average of $4,225. The percent of residents who gave to charity was 13.8%.
The estimated median value of houses and condos is $130,810. The median monthly owner costs of mortgage holders was $861, where as the costs for those who don't have a mortgage are $331. The median number of rooms in houses and condos are 5.7 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,253. 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 $1,272. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $1,239. Reported taxable interest for persons was $884, dividends $2,930, and itemized deductions $18,736. The average earned income tax credit is $2,292. The percent of individuals that use a tax preparer is 57.5%. The total average income taxes paid by individuals was $5,364. Businesses reported an average profit of $9,309.
Rox's Family Diner
118 2nd St, Lincoln, MI 48742
North Swamp
3985 F 41, Lincoln, MI 48742
Iron Skillet
101 W Traverse Bay Rd, Lincoln, MI 48742
Flour Garden
105 S State St, Harrisville, MI 48740 (4.7 miles away)
Mikado Tavern
2167 S F 41, Mikado, MI 48745 (9.1 miles away)
Smokeys Bar
5982 N Hubbard Lake Rd, Spruce, MI 48762 (9.4 miles away)
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!
