Interested in purchasing investment houses in the 48760 zip code in Silverwood, MI?
The zip code 48760 is in both Lapeer and Tuscola counties with a latitude of -83.257540000000 and longitude of 43.321160000000, is in the state of Michigan. The average asking price of houses and condos is $81,619.00 and the average sale price was $76,600.00. this regions is classified as the Detroit metro area and is in the 989 area code. The location in degrees is 43° 19' 16.176" N, 83° 15' 27.144" W. The county F.I.P.S. is 26157. The total land area is 27.4 square miles and the water area is 0.7 square miles. The elevation in this area is 797 - 846 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48760 is in county number 157 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,434 in 2019 and 1,351 in 2010. This further breaks down to 774 males (54.0%) and 660 females (46.0%). The median age of residents is 45.7 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 52. This zip code has a combined total of 751 houses and condos. There are 63 rented appartments. 11% of residents rent versus the 11% of residents in the state who rent.
The average individual gross adjusted income is $37,409 and the average salary is $32,282. The median household income of individuals is $50,000.00 and the average is $47,410.00. This zip code has a mean commute time to work of 42.1 minutes. The unemployment rate is 5.0%. Income earners by percent breakdown as 50.00% (Under $50,000), 35.70% ($50,000-$100,000), and 14.30% earn over $100,000. 10.0% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 83.2. The educational breakdown is 85.3% have a high school education or higher, 12.1% have a bachelor's degree or higher, and 5.1% have some kind of profesional degree.
This area has 493 households and the average size is 2.4 people. Individuals who are single and have never been married are 25.2%, 56.9% are now married, 0.6% are separated, 6.3% are widowed, and 10.9% are divorced. The average yearly contribution amount given by people to charity was $4,467 versus the state average of $4,225. The percent of residents who gave to charity was 17.0%.
The estimated median value of houses and condos is $101,950. The median monthly owner costs of mortgage holders was $1,169, where as the costs for those who don't have a mortgage are $442. The median number of rooms in houses and condos are 6.0 versus apartments which had a median number of 6.1.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,330. 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 $1,361. 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 $1,271. Reported taxable interest for persons was $686, dividends $667, capital gains +$1,225, and itemized deductions $17,591. The average earned income tax credit is $2,125. The percent of individuals that use a tax preparer is 66.0%. The total average income taxes paid by individuals was $4,727. Businesses reported an average profit of $6,400.
Hollywood & Vine
9975 Silverwood Rd, Silverwood, MI 48760
Maria's Pizzeria
230 W Main St, Mayville, MI 48744 (5.8 miles away)
Fire Escape
9258 Foster St, Fostoria, MI 48435 (6.4 miles away)
Ruby's Diner
6002 State St, Kingston, MI 48741 (7.3 miles away)
BBQ Guys
5716 Falkenbury Rd, North Branch, MI 48461 (7.8 miles away)
H & S Meat Market
6401 Detroit St, Otter Lake, MI 48464 (10.1 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!
