Interested in purchasing investment houses in the 48911 zip code in Lansing, MI?
The zip code 48911 is in both Ingham and Eaton counties with a latitude of -84.570880000000 and longitude of 42.674430000000, is in the state of Michigan. The average asking price of houses and condos is $92,410.00 and the average sale price was $59,692.00. this regions is classified as the Lansing metro area and is in the 517 area code. The location in degrees is 42° 40' 27.948" N, 84° 34' 15.168" W. The county F.I.P.S. is 26065. This zip code contains two cities including Lansing, MI (64.17%), and Holt, MI (17.72%) The total land area is 15.9 square miles and the water area is 0.3 square miles. The elevation in this area is 856 - 886 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48911 is in county number 045 and is L. Sector 11, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 41,297 in 2019 and 40,111 in 2010. Of this, the break down in 2019 was 41,254 urban and 42 rural. This further breaks down to 18,943 males (45.9%) and 22,354 females (54.1%). The median age of residents is 34.7 years. The population of the greater Lansing-East Lansing, MI area is 457,943. The population density (people per square mile) is 2,597. This zip code has a combined total of 18,373 houses and condos. There are 8,072 rented appartments. 49% of residents rent versus the 49% 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 $36,043 and the average salary is $31,607. The median household income of individuals is $49,053.00 and the average is $41,620.00. This zip code has a mean commute time to work of 20.0 minutes. The unemployment rate is 6.8%. Income earners by percent breakdown as 51.00% (Under $50,000), 35.00% ($50,000-$100,000), and 14.00% earn over $100,000. 19.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 83.7. The educational breakdown is 90.3% have a high school education or higher, 22.8% have a bachelor's degree or higher, and 8.3% have some kind of profesional degree.
This area has 16,150 households and the average size is 2.5 people. Individuals who are single and have never been married are 38.5%, 39.1% are now married, 1.2% are separated, 6.2% are widowed, and 15.1% are divorced. The average yearly contribution amount given by people to charity was $3,728 versus the state average of $4,225. The percent of residents who gave to charity was 17.6%.
The estimated median value of houses and condos is $99,517. The median monthly owner costs of mortgage holders was $1,112, where as the costs for those who don't have a mortgage are $493. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 2.5% which equated to an average real estate tax amount payment of $2,456. 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 2.3% which amounted to an average tax amount of $2,420. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.7% which amounted to an average tax amount of $2,528. Reported taxable interest for persons was $756, dividends $2,850, capital gains +$2,362, and itemized deductions $17,497. The average earned income tax credit is $2,509. The percent of individuals that use a tax preparer is 51.4%. The total average income taxes paid by individuals was $6,034. Businesses reported an average profit of $7,414.
Texas Roadhouse
280 East Edgewood Boulevard, Lansing, MI 48911
China Palace
3700 S Waverly Rd, Lansing, MI 48911
Krispy's Pizza
3700 S Waverly Rd, Lansing, MI 48911
Applebee's
6270 S Cedar St, Lansing, MI 48911
Fresh Fish
3140 S Martin Luther King Jr Blvd, Lansing, MI 48910 (2 miles away)
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