Interested in purchasing investment houses in the 48763 zip code in Tawas City, MI?
The zip code 48763 is in both Iosco and Arenac counties with a latitude of -83.612710000000 and longitude of 44.252530000000, is in the state of Michigan. The average asking price of houses and condos is $144,864.00 and the average sale price was $78,320.00. this regions is classified as the Flint - Saginaw metro area and is in the 989 area code. The location in degrees is 44° 15' 9.108" N, 83° 36' 45.756" W. The county F.I.P.S. is 26069. The total land area is 93.4 square miles and the water area is 4.4 square miles. The elevation in this area is 584 - 781 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48763 is in county number 011 and is L. Sector 94, L. Segment 05, H. Sector 05, and H. Segment 05. The population was 5,005 in 2019 and 5,012 in 2010. Of this, the break down in 2019 was 2,042 urban and 2,962 rural. This further breaks down to 2,467 males (49.3%) and 2,537 females (50.7%). The median age of residents is 51.4 years. The population density (people per square mile) is 54. This zip code has a combined total of 3,161 houses and condos. There are 253 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 $42,155 and the average salary is $33,386. The median household income of individuals is $41,299.00 and the average is $51,550.00. This zip code has a mean commute time to work of 20.2 minutes. The unemployment rate is 5.8%. Income earners by percent breakdown as 62.80% (Under $50,000), 28.70% ($50,000-$100,000), and 8.50% earn over $100,000. 11.2% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 81.1. The educational breakdown is 92.2% have a high school education or higher, 21.7% have a bachelor's degree or higher, and 9.0% have some kind of profesional degree.
This area has 2,109 households and the average size is 2.3 people. Individuals who are single and have never been married are 23.7%, 54.1% are now married, 0.6% are separated, 9.1% are widowed, and 12.5% are divorced. The average yearly contribution amount given by people to charity was $3,086 versus the state average of $4,225. The percent of residents who gave to charity was 16.7%.
The estimated median value of houses and condos is $126,829. The median monthly owner costs of mortgage holders was $992, where as the costs for those who don't have a mortgage are $377. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,296. 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 1.0% which amounted to an average tax amount of $1,296. 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 $1,301. Reported taxable interest for persons was $1,093, dividends $3,061, capital gains +$2,776, and itemized deductions $16,948. The average earned income tax credit is $1,937. The percent of individuals that use a tax preparer is 59.5%. The total average income taxes paid by individuals was $5,502. Businesses reported an average profit of $6,582.
Boneyard BBQ
646 W Lake St, Tawas City, MI 48763
Augie's on the Bay
175 W Lake St, Tawas City, MI 48763
Boathouse Beer Co. & Boozery
450 W Lake St, Tawas City, MI 48763
The Lodge
1217 S Us Highway 23, Tawas City, MI 48763
Pizza Place
115 E Lake St, Tawas City, MI 48763
Tawas Bay Pizza Company
115 E Lake St, Tawas City, MI 48763
Northwoods Steakhouse
1222 E Us 23, East Tawas, MI 48730 (4 miles away)
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