Interested in purchasing investment houses in the 49402 zip code in Branch, MI?
The zip code 49402 is in both Lake and Mason counties with a latitude of -86.034500000000 and longitude of 43.933260000000, is in the state of Michigan. The average asking price of houses and condos is $185,571.00 and the average sale price was $71,477.00. this regions is classified as the Traverse City metro area and is in the 231 area code. The location in degrees is 43° 55' 59.736" N, 86° 2' 4.2" W. The county F.I.P.S. is 26105. The total land area is 123.4 square miles and the water area is 0.8 square miles. The elevation in this area is 673 - 981 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49402 is in county number 085 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,282 in 2019 and 1,380 in 2010. This further breaks down to 682 males (53.2%) and 600 females (46.8%). The median age of residents is 54.4 years. The population density (people per square mile) is 10. This zip code has a combined total of 1,412 houses and condos. There are 72 rented appartments. 13% of residents rent versus the 13% 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 $37,109 and the average salary is $30,400. The median household income of individuals is $34,516.00 and the average is $43,850.00. This zip code has a mean commute time to work of 27.5 minutes. The unemployment rate is 5.0%. Income earners by percent breakdown as 69.10% (Under $50,000), 24.30% ($50,000-$100,000), and 6.60% earn over $100,000. 13.8% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 82.7. The educational breakdown is 91.3% have a high school education or higher, 24.9% have a bachelor's degree or higher, and 8.4% have some kind of profesional degree.
This area has 645 households and the average size is 2.3 people. Individuals who are single and have never been married are 19.9%, 59.2% are now married, 0.0% are separated, 7.7% are widowed, and 13.2% are divorced. The average yearly contribution amount given by people to charity was $2,786 versus the state average of $4,225. The percent of residents who gave to charity was 12.5%.
The estimated median value of houses and condos is $134,127. The median monthly owner costs of mortgage holders was $923, where as the costs for those who don't have a mortgage are $382. The median number of rooms in houses and condos are 5.5 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,553. 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 $1,513. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,610. Reported taxable interest for persons was $595, dividends $1,678, capital gains +$1,375, and itemized deductions $17,620. The average earned income tax credit is $2,327. The percent of individuals that use a tax preparer is 62.5%. The total average income taxes paid by individuals was $5,140. Businesses reported an average profit of $4,550.
Ruby Creek Tavern
7980 E Washington Rd, Branch, MI 49402
Ross Oasis Inc
Branch, MI 49402
Countryside Family Diner
7070 W US Highway 10, Branch, MI 49402
Pizza Barn Plus
7487 S Riverbend Rd, Branch, MI 49402
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