Interested in purchasing investment houses in the 48224 zip code in Detroit, MI?
The zip code 48224 is in Wayne county with a latitude of -82.941280000000 and longitude of 42.410670000000, is in the state of Michigan. The average asking price of houses and condos is $38,830.00 and the average sale price was $34,332.00. this regions is classified as the Detroit metro area and is in the 313 area code. The location in degrees is 42° 24' 38.412" N, 82° 56' 28.608" W. The county F.I.P.S. is 26163. The total land area is 5.7 square miles and the water area is 0.0 square miles. The elevation in this area is 587 - 597 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 48224 is in county number 163 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 41,905 in 2019 and 44,439 in 2010. This further breaks down to 19,799 males (47.2%) and 22,106 females (52.8%). The median age of residents is 32.0 years. The population of the greater Detroit-Warren-Livonia, MI area is 4,473,111. The population density (people per square mile) is 7,307. This zip code has a combined total of 19,868 houses and condos. There are 6,277 rented appartments. 43% of residents rent versus the 43% 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 $26,578 and the average salary is $25,203. The median household income of individuals is $50,641.00 and the average is $29,910.00. This zip code has a mean commute time to work of 28.7 minutes. The unemployment rate is 11.8%. Income earners by percent breakdown as 49.30% (Under $50,000), 34.30% ($50,000-$100,000), and 16.40% earn over $100,000. 31.6% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 87.7. The educational breakdown is 82.0% have a high school education or higher, 11.7% have a bachelor's degree or higher, and 4.6% have some kind of profesional degree.
This area has 15,123 households and the average size is 2.9 people. Individuals who are single and have never been married are 55.9%, 24.8% are now married, 3.5% are separated, 6.0% are widowed, and 9.8% are divorced. The average yearly contribution amount given by people to charity was $4,426 versus the state average of $4,225. The percent of residents who gave to charity was 14.8%.
The estimated median value of houses and condos is $51,307. The median monthly owner costs of mortgage holders was $1,087, where as the costs for those who don't have a mortgage are $449. The median number of rooms in houses and condos are 6.1 versus apartments which had a median number of 5.7.
The real estate tax percent rate is 3.2% which equated to an average real estate tax amount payment of $1,659. 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 2.5% which amounted to an average tax amount of $1,592. Conversely, the median housing property tax percent for residents who don't have mortgages was 3.6% which amounted to an average tax amount of $1,692. Reported taxable interest for persons was $1,500, dividends $1,692, capital gains +$314, and itemized deductions $15,595. The average earned income tax credit is $3,108. The percent of individuals that use a tax preparer is 53.9%. The total average income taxes paid by individuals was $5,776. Businesses reported an average profit of $7,083.
Blue Pointe Restaurant
17131 E Warren Ave, Detroit, MI 48224
T N Thai Bistro
17100 Kercheval Ave, Grosse Pointe, MI 48230 (2 miles away)
Yoshi Hibachi Grille
19304 Kelly Rd, Harper Woods, MI 48225 (2.1 miles away)
Licavoli's Market
20915 Mack Ave, Grosse Pointe, MI 48236 (2.5 miles away)
Hollywood Coney Island Restaurant
9951 Gratiot Ave, Detroit, MI 48213 (2.6 miles away)
Cloverleaf Bar & Restaurant
24443 Gratiot Ave, Eastpointe, MI 48021 (3.9 miles away)
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