Interested in purchasing investment houses in the 49950 zip code in Mohawk, MI?
The zip code 49950 is in Keweenaw county with a latitude of -88.119980000000 and longitude of 47.380630000000, is in the state of Michigan. The average asking price of houses and condos is $162,214.00 and the average sale price was $64,788.00. this regions is classified as the Marquette metro area and is in the 906 area code. The location in degrees is 47° 22' 50.268" N, 88° 7' 11.928" W. The county F.I.P.S. is 26083. This zip code contains two cities including Eagle River, MI (3.14%), and Eagle Harbor, MI (1.08%) The total land area is 178.7 square miles and the water area is 11.4 square miles. The elevation in this area is 600 - 1303 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49950 is in county number 083 and is L. Sector 00, L. Segment 01, H. Sector 19, and H. Segment 19. The population was 1,219 in 2019 and 1,121 in 2010. This further breaks down to 616 males (50.6%) and 602 females (49.4%). The median age of residents is 57.1 years. The population of the greater Houghton, MI area is 37,262. The population density (people per square mile) is 7. This zip code has a combined total of 1,424 houses and condos. There are 96 rented appartments. 15% of residents rent versus the 15% 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 $46,428 and the average salary is $30,538. The median household income of individuals is $34,898.00 and the average is $62,520.00. This zip code has a mean commute time to work of 24.1 minutes. The unemployment rate is 8.0%. Income earners by percent breakdown as 71.00% (Under $50,000), 22.00% ($50,000-$100,000), and 7.00% earn over $100,000. 10.3% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 80.2. The educational breakdown is 95.9% have a high school education or higher, 31.5% have a bachelor's degree or higher, and 14.1% have some kind of profesional degree.
This area has 534 households and the average size is 1.9 people. Individuals who are single and have never been married are 20.1%, 63.0% are now married, 0.5% are separated, 6.7% are widowed, and 9.6% are divorced. The average yearly contribution amount given by people to charity was $3,356 versus the state average of $4,225. The percent of residents who gave to charity was 16.7%.
The estimated median value of houses and condos is $129,704. The median monthly owner costs of mortgage holders was $902, where as the costs for those who don't have a mortgage are $376. The median number of rooms in houses and condos are 5.8 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,585. 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 $1,743. 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 $1,433. Reported taxable interest for persons was $1,169, dividends $5,318, capital gains +$2,810, and itemized deductions $20,123. The average earned income tax credit is $1,817. The percent of individuals that use a tax preparer is 50.0%. The total average income taxes paid by individuals was $6,846. Businesses reported an average profit of $4,400.
Glacia Tavern
3607 Us Highway 41, Mohawk, MI 49950
Fitzgerald's Restaurant
5033 Front St, Eagle River, MI 49950
Eagle Harbor Inn
460 W North St, Mohawk, MI 49950
Vansville Bar
5064 Us Highway 41, Mohawk, MI 49950
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