Interested in purchasing investment houses in the 48906 zip code in Lansing, MI?
The zip code 48906 is in both Clinton and Ingham counties with a latitude of -84.587570000000 and longitude of 42.784530000000, is in the state of Michigan. The average asking price of houses and condos is $90,589.00 and the average sale price was $72,308.00. this regions is classified as the Lansing metro area and is in the 517 area code. The location in degrees is 42° 47' 4.308" N, 84° 35' 15.252" W. The county F.I.P.S. is 26065. This zip code contains four cities including Lansing, MI (16.38%), East Lansing, MI (1.51%), Wacousta, MI (1.26%), and Waverly, MI (0.00%) The total land area is 33.2 square miles and the water area is 0.4 square miles. The elevation in this area is 837 - 860 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48906 is in county number 045 and is L. Sector 90, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 26,678 in 2019 and 26,634 in 2010. Of this, the break down in 2019 was 24,922 urban and 1,755 rural. This further breaks down to 13,487 males (50.6%) and 13,191 females (49.4%). The median age of residents is 37.6 years. The population of the greater Lansing-East Lansing, MI area is 457,943. The population density (people per square mile) is 804. This zip code has a combined total of 12,092 houses and condos. There are 3,541 rented appartments. 33% of residents rent versus the 33% 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 $39,565 and the average salary is $33,615. The median household income of individuals is $46,044.00 and the average is $46,310.00. This zip code has a mean commute time to work of 21.0 minutes. The unemployment rate is 6.6%. Income earners by percent breakdown as 54.20% (Under $50,000), 32.60% ($50,000-$100,000), and 13.20% earn over $100,000. 20.2% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 83.9. The educational breakdown is 89.4% have a high school education or higher, 22.6% have a bachelor's degree or higher, and 8.1% have some kind of profesional degree.
This area has 10,680 households and the average size is 2.5 people. Individuals who are single and have never been married are 37.0%, 41.5% are now married, 1.6% are separated, 5.4% are widowed, and 14.6% are divorced. The average yearly contribution amount given by people to charity was $3,329 versus the state average of $4,225. The percent of residents who gave to charity was 18.0%.
The estimated median value of houses and condos is $108,916. The median monthly owner costs of mortgage holders was $1,083, where as the costs for those who don't have a mortgage are $487. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 2.1% which equated to an average real estate tax amount payment of $2,260. 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 2.0% which amounted to an average tax amount of $2,359. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.2% which amounted to an average tax amount of $2,106. Reported taxable interest for persons was $802, dividends $2,643, capital gains +$5,834, and itemized deductions $16,946. The average earned income tax credit is $2,421. The percent of individuals that use a tax preparer is 52.9%. The total average income taxes paid by individuals was $6,200. Businesses reported an average profit of $7,884.
Piazzano's
1825 N Grand River Ave, Lansing, MI 48906
King of the Grill
4400 N Grand River Ave, Lansing, MI 48906
Old Town Diner
516 E Cesar E Chavez Ave, Lansing, MI 48906
Troppo
111 E Michigan Ave, Lansing, MI 48933 (2.1 miles away)
The Best Steak House
3020 E Kalamazoo St, Lansing, MI 48912 (2.5 miles away)
Outback Steakhouse
617 N. Canal Road, Lansing, MI 48917 (3.8 miles away)
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