Interested in purchasing investment houses in the 48912 zip code in Lansing, MI?
The zip code 48912 is in Ingham county with a latitude of -84.523540000000 and longitude of 42.740200000000, is in the state of Michigan. The average asking price of houses and condos is $70,945.00 and the average sale price was $60,564.00. this regions is classified as the Lansing metro area and is in the 517 area code. The location in degrees is 42° 44' 24.72" N, 84° 31' 24.744" W. The county F.I.P.S. is 26065. This zip code contains two cities including Lansing, MI (70.70%), and East Lansing, MI (0.28%) The total land area is 4.8 square miles and the water area is 0.1 square miles. The elevation in this area is 856 - 863 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48912 is in county number 006 and is L. Sector 50, L. Segment , H. Sector , and H. Segment . The population was 17,642 in 2019 and 17,035 in 2010. This further breaks down to 8,956 males (50.8%) and 8,685 females (49.2%). The median age of residents is 31.8 years. The population of the greater Lansing-East Lansing, MI area is 457,943. The population density (people per square mile) is 3,675. This zip code has a combined total of 8,980 houses and condos. There are 4,340 rented appartments. 55% of residents rent versus the 55% 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 $36,682 and the average salary is $32,413. The median household income of individuals is $42,450.00 and the average is $44,070.00. This zip code has a mean commute time to work of 18.5 minutes. The unemployment rate is 7.6%. Income earners by percent breakdown as 58.30% (Under $50,000), 31.50% ($50,000-$100,000), and 10.20% earn over $100,000. 22.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 84.4. The educational breakdown is 90.1% have a high school education or higher, 38.9% have a bachelor's degree or higher, and 16.7% have some kind of profesional degree.
This area has 7,633 households and the average size is 2.2 people. Individuals who are single and have never been married are 49.8%, 30.9% are now married, 1.5% are separated, 3.6% are widowed, and 14.3% are divorced. The average yearly contribution amount given by people to charity was $3,486 versus the state average of $4,225. The percent of residents who gave to charity was 16.1%.
The estimated median value of houses and condos is $112,565. The median monthly owner costs of mortgage holders was $1,131, where as the costs for those who don't have a mortgage are $471. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 2.1% which equated to an average real estate tax amount payment of $2,358. 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 2.1% which amounted to an average tax amount of $2,570. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.1% which amounted to an average tax amount of $2,016. Reported taxable interest for persons was $1,064, dividends $2,907, capital gains +$2,789, and itemized deductions $16,008. The average earned income tax credit is $2,084. The percent of individuals that use a tax preparer is 44.6%. The total average income taxes paid by individuals was $6,207. Businesses reported an average profit of $8,591.
The Best Steak House
3020 E Kalamazoo St, Lansing, MI 48912
Mitchell's Fish Market
2975 Preyde Blvd, Lansing, MI 48912
Smokey Bones Lansing
2401 Lake Lansing Rd, Lansing, MI 48912
Soup Spoon Cafe
1419 E Michigan Ave, Lansing, MI 48912
Batter Up Bistro
621 E Michigan Ave, Lansing, MI 48912
La Senorita Mexican Restaurant
2706 Lake Lansing Rd, Lansing, MI 48912
Boston's Restaurant & Sports Bar
3301 Towne Centre Blvd, Lansing, MI 48912
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