Interested in purchasing investment houses in the 49868 zip code in Newberry, MI?
The zip code 49868 is in both Luce and Chippewa counties with a latitude of -85.505730000000 and longitude of 46.493680000000, is in the state of Michigan. The average asking price of houses and condos is $81,636.00 and the average sale price was $113,771.00. this regions is classified as the Traverse City metro area and is in the 906 area code. The location in degrees is 46° 29' 37.248" N, 85° 30' 20.628" W. The county F.I.P.S. is 26095. The total land area is 705.0 square miles and the water area is 36.9 square miles. The elevation in this area is 604 - 968 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49868 is in county number 097 and is L. Sector 94, L. Segment 23, H. Sector 23, and H. Segment 23. The population was 5,350 in 2019 and 5,409 in 2010. Of this, the break down in 2019 was 2,994 urban and 2,355 rural. This further breaks down to 3,231 males (60.4%) and 2,119 females (39.6%). The median age of residents is 41.4 years. The population density (people per square mile) is 8. This zip code has a combined total of 3,089 houses and condos. There are 451 rented appartments. 26% of residents rent versus the 26% 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 $40,358 and the average salary is $33,657. The median household income of individuals is $36,554.00 and the average is $45,150.00. This zip code has a mean commute time to work of 12.0 minutes. The unemployment rate is 5.4%. Income earners by percent breakdown as 68.80% (Under $50,000), 25.80% ($50,000-$100,000), and 5.40% earn over $100,000. 16.1% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 76.4. The educational breakdown is 88.3% have a high school education or higher, 18.6% have a bachelor's degree or higher, and 6.7% have some kind of profesional degree.
This area has 1,873 households and the average size is 2.4 people. Individuals who are single and have never been married are 34.8%, 43.4% are now married, 1.3% are separated, 8.3% are widowed, and 12.1% are divorced. The average yearly contribution amount given by people to charity was $2,871 versus the state average of $4,225. The percent of residents who gave to charity was 8.7%.
The estimated median value of houses and condos is $89,455. The median monthly owner costs of mortgage holders was $940, where as the costs for those who don't have a mortgage are $371. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,069. 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 1.2% which amounted to an average tax amount of $1,245. 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 $872. Reported taxable interest for persons was $1,072, dividends $4,407, capital gains +$3,409, and itemized deductions $18,064. The average earned income tax credit is $2,083. The percent of individuals that use a tax preparer is 65.1%. The total average income taxes paid by individuals was $5,692. Businesses reported an average profit of $6,950.
Wing Street
13918 State Highway M28, Newberry, MI 49868
Red'z Wolf Inn
18568 County Road 407, Newberry, MI 49868
Zellar's Restaurant
7552 State Highway M123, Newberry, MI 49868
Johnny's Bar
121 E Helen St, Newberry, MI 49868
Joshua James Bar and Grill
12896 State Highway M28, Newberry, MI 49868
The Island Grill
7488 State Highway M123, Newberry, MI 49868
Pine Stump Junction
23583 County Road 407, Newberry, MI 49868
North Star Bakery
19639 State Highway M123, Newberry, MI 49868
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