Interested in purchasing investment houses in the 49651 zip code in Lake City, MI?
The zip code 49651 is in both Missaukee and Wexford counties with a latitude of -85.112910000000 and longitude of 44.393990000000, is in the state of Michigan. The average asking price of houses and condos is $126,399.00 and the average sale price was $166,426.00. this regions is classified as the Traverse City metro area and is in the 231 area code. The location in degrees is 44° 23' 38.364" N, 85° 6' 46.476" W. The county F.I.P.S. is 26113. This zip code contains two cities including Lake City, MI (0.46%), and Jennings, MI (0.33%) The total land area is 223.7 square miles and the water area is 5.9 square miles. The elevation in this area is 1106 - 1381 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49651 is in county number 113 and is L. Sector 00, L. Segment 01, H. Sector 20, and H. Segment 20. The population was 7,923 in 2019 and 7,665 in 2010. This further breaks down to 4,043 males (51.0%) and 3,879 females (49.0%). The median age of residents is 47.0 years. The population of the greater Cadillac, MI area is 46,857. The population density (people per square mile) is 35. This zip code has a combined total of 5,404 houses and condos. There are 674 rented appartments. 20% of residents rent versus the 20% 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 $37,988 and the average salary is $30,665. The median household income of individuals is $39,868.00 and the average is $46,800.00. This zip code has a mean commute time to work of 24.9 minutes. The unemployment rate is 5.7%. Income earners by percent breakdown as 64.10% (Under $50,000), 28.70% ($50,000-$100,000), and 7.20% earn over $100,000. 15.5% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 81.8. The educational breakdown is 89.4% have a high school education or higher, 15.4% have a bachelor's degree or higher, and 5.4% have some kind of profesional degree.
This area has 3,150 households and the average size is 2.4 people. Individuals who are single and have never been married are 19.8%, 57.0% are now married, 2.1% are separated, 6.2% are widowed, and 14.9% are divorced. The average yearly contribution amount given by people to charity was $3,814 versus the state average of $4,225. The percent of residents who gave to charity was 12.9%.
The estimated median value of houses and condos is $130,920. The median monthly owner costs of mortgage holders was $993, where as the costs for those who don't have a mortgage are $404. The median number of rooms in houses and condos are 5.9 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,340. 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 $1,342. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $1,341. Reported taxable interest for persons was $1,246, dividends $3,315, capital gains +$7,944, and itemized deductions $17,560. The average earned income tax credit is $2,216. The percent of individuals that use a tax preparer is 56.9%. The total average income taxes paid by individuals was $5,304. Businesses reported an average profit of $8,972.
Frontier BBQ
104 N Main St, Lake City, MI 49651
Countryside Grill
1750 W Houghton Lake Rd, Lake City, MI 49651
The Patio On Main Lake City Mi
113 Main St, Lake City, MI 49651
The Coffee Cup
84 N Morey Rd, Lake City, MI 49651
Lake City Taphouse
181 N Morey Rd, Lake City, MI 49651
Pancho Villa Mexican Grill
106 S Main St, Lake City, MI 49651
Food Factory & Pub
118 S Main St, Lake City, MI 49651
Hammer's Pub And Grub
118 S Main St, Lake City, MI 49651
L C Family Restaurant
119 S Main St, Lake City, MI 49651
A & L Trading Post
130 N Morey Rd, Lake City, MI 49651
C J's Pub & Grub
1750 W Houghton Lake Rd, Lake City, MI 49651
Town Pump Saloon
117 S Main St, Lake City, MI 49651
Hollywood Bar
181 N Morey Rd, Lake City, MI 49651
Duane's Family Restaurant
456 E Prosper Rd, Falmouth, MI 49632 (9.4 miles away)
SunnySide Farm Coffe & Bake Shop
6700 W County Line Rd, Mc Bain, MI 49657 (12.9 miles away)
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