Interested in purchasing investment houses in the 49506 zip code in Grand Rapids, MI?
The zip code 49506 is in Kent county with a latitude of -85.614000000000 and longitude of 42.945100000000, is in the state of Michigan. The average asking price of houses and condos is $250,096.00 and the average sale price was $167,668.00. this regions is classified as the Grand Rapids metro area and is in the 616 area code. The location in degrees is 42° 56' 42.36" N, 85° 36' 50.4" W. The county F.I.P.S. is 26081. This zip code contains two cities including Grand Rapids, MI (49.76%), and East Grand Rapids, MI (43.45%) The total land area is 7.3 square miles and the water area is 0.5 square miles. The elevation in this area is 745 - 791 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49506 is in county number 087 and is L. Sector 23, L. Segment 75, H. Sector 75, and H. Segment 75. The population was 34,904 in 2019 and 31,354 in 2010. This further breaks down to 16,806 males (48.1%) and 18,098 females (51.9%). The median age of residents is 34.4 years. The population of the greater Grand Rapids-Wyoming, MI area is 790,673. The population density (people per square mile) is 4,792. This zip code has a combined total of 13,377 houses and condos. There are 3,241 rented appartments. 25% of residents rent versus the 25% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $86,954 and the average salary is $66,579. The median household income of individuals is $64,125.00 and the average is $119,160.00. This zip code has a mean commute time to work of 19.3 minutes. The unemployment rate is 3.7%. Income earners by percent breakdown as 37.90% (Under $50,000), 34.20% ($50,000-$100,000), and 27.90% earn over $100,000. 7.9% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 85.9. The educational breakdown is 96.4% have a high school education or higher, 64.9% have a bachelor's degree or higher, and 27.6% have some kind of profesional degree.
This area has 11,658 households and the average size is 2.6 people. Individuals who are single and have never been married are 37.3%, 51.4% are now married, 0.5% are separated, 3.6% are widowed, and 7.2% are divorced. The average yearly contribution amount given by people to charity was $8,397 versus the state average of $4,225. The percent of residents who gave to charity was 37.3%.
The estimated median value of houses and condos is $262,947. The median monthly owner costs of mortgage holders was $1,533, where as the costs for those who don't have a mortgage are $624. The median number of rooms in houses and condos are 7.6 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $3,583. 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 1.4% which amounted to an average tax amount of $3,660. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $3,397. Reported taxable interest for persons was $2,659, dividends $11,700, capital gains +$19,386, and itemized deductions $30,418. The average earned income tax credit is $2,084. The percent of individuals that use a tax preparer is 50.4%. The total average income taxes paid by individuals was $13,024. Businesses reported an average profit of $18,268.
Maru Sushi & Grill
927 Cherry St SE, Grand Rapids, MI 49506
Marie Catrib's
1001 Lake Dr SE, Grand Rapids, MI 49506
Electric Cheetah
1015 Wealthy St SE, Grand Rapids, MI 49506
Wolfgang's Restaurant
1530 Wealthy St SE, Grand Rapids, MI 49506
Grove
919 Cherry St SE, Grand Rapids, MI 49506
Gino's Pizza
1556 Wealthy St SE, Grand Rapids, MI 49506
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