Interested in purchasing investment houses in the 49505 zip code in Grand Rapids, MI?
The zip code 49505 is in Kent county with a latitude of -85.636870000000 and longitude of 42.998380000000, is in the state of Michigan. The average asking price of houses and condos is $104,969.00 and the average sale price was $80,252.00. this regions is classified as the Grand Rapids metro area and is in the 616 area code. The location in degrees is 42° 59' 54.168" N, 85° 38' 12.732" W. The county F.I.P.S. is 26081. The total land area is 8.9 square miles and the water area is 0.2 square miles. The elevation in this area is 682 - 764 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49505 is in county number 081 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 32,725 in 2019 and 31,216 in 2010. This further breaks down to 16,084 males (49.2%) and 16,640 females (50.8%). The median age of residents is 35.9 years. The population of the greater Grand Rapids-Wyoming, MI area is 790,673. The population density (people per square mile) is 3,677. This zip code has a combined total of 14,249 houses and condos. There are 4,642 rented appartments. 34% of residents rent versus the 34% 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 $41,171 and the average salary is $37,908. The median household income of individuals is $49,758.00 and the average is $51,310.00. This zip code has a mean commute time to work of 20.0 minutes. The unemployment rate is 4.2%. Income earners by percent breakdown as 50.30% (Under $50,000), 36.70% ($50,000-$100,000), and 13.00% earn over $100,000. 13.4% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 85.6. The educational breakdown is 92.3% have a high school education or higher, 38.8% have a bachelor's degree or higher, and 11.0% have some kind of profesional degree.
This area has 12,898 households and the average size is 2.3 people. Individuals who are single and have never been married are 37.5%, 41.9% are now married, 1.3% are separated, 6.3% are widowed, and 13.0% are divorced. The average yearly contribution amount given by people to charity was $3,932 versus the state average of $4,225. The percent of residents who gave to charity was 21.9%.
The estimated median value of houses and condos is $159,117. The median monthly owner costs of mortgage holders was $1,094, where as the costs for those who don't have a mortgage are $453. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $2,107. 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 1.3% which amounted to an average tax amount of $2,014. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.4% which amounted to an average tax amount of $2,309. Reported taxable interest for persons was $803, dividends $2,996, capital gains +$2,251, and itemized deductions $16,545. The average earned income tax credit is $2,304. The percent of individuals that use a tax preparer is 48.2%. The total average income taxes paid by individuals was $6,061. Businesses reported an average profit of $9,921.
Graydon's Crossing
1223 Plainfield Ave NE, Grand Rapids, MI 49505
Hunan Chinese Restaurant
1263 Leonard St NE, Grand Rapids, MI 49505
Rio Grand Steakhouse
5501 Northland Dr NE, Grand Rapids, MI 49525 (1.4 miles away)
The Chop House - Grand Rapids
190 Monroe Ave NW, Grand Rapids, MI 49503 (3.4 miles away)
Vitales Sports Lounge
3868 W River Dr NE, Comstock Park, MI 49321 (4.2 miles away)
Maru Sushi & Grill
927 Cherry St SE, Grand Rapids, MI 49506 (4.7 miles away)
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