Interested in purchasing investment houses in the 49078 zip code in Otsego, MI?
The zip code 49078 is in both Allegan and Kalamazoo counties with a latitude of -85.728060000000 and longitude of 42.465080000000, is in the state of Michigan. The average asking price of houses and condos is $112,929.00 and the average sale price was $85,690.00. this regions is classified as the Grand Rapids metro area and is in the 269 area code. The location in degrees is 42° 27' 54.288" N, 85° 43' 41.016" W. The county F.I.P.S. is 26005. The total land area is 48.0 square miles and the water area is 0.7 square miles. The elevation in this area is 712 - 843 feet. The zip code is on eastern standard time and observes daylight savings time.
The zip 49078 is in county number 077 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 9,555 in 2019 and 8,902 in 2010. Of this, the break down in 2019 was 5,154 urban and 4,400 rural. This further breaks down to 4,593 males (48.1%) and 4,961 females (51.9%). The median age of residents is 41.7 years. The population of the greater Allegan, MI area is 115,068. The population density (people per square mile) is 199. This zip code has a combined total of 4,236 houses and condos. There are 752 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 middle class. The average individual gross adjusted income is $45,887 and the average salary is $42,366. The median household income of individuals is $51,310.00 and the average is $55,770.00. This zip code has a mean commute time to work of 26.5 minutes. The unemployment rate is 2.2%. Income earners by percent breakdown as 48.20% (Under $50,000), 40.30% ($50,000-$100,000), and 11.50% earn over $100,000. 9.8% of residents live below poverty line versus the 13.0% in the state that are below this line. The cost of living index is 78.9. The educational breakdown is 87.7% have a high school education or higher, 16.5% have a bachelor's degree or higher, and 6.9% have some kind of profesional degree.
This area has 3,488 households and the average size is 2.5 people. Individuals who are single and have never been married are 25.0%, 54.9% are now married, 0.4% are separated, 6.4% are widowed, and 13.3% are divorced. The average yearly contribution amount given by people to charity was $2,995 versus the state average of $4,225. The percent of residents who gave to charity was 18.9%.
The estimated median value of houses and condos is $149,939. The median monthly owner costs of mortgage holders was $1,139, where as the costs for those who don't have a mortgage are $448. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $2,160. 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 $2,194. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.7% which amounted to an average tax amount of $2,110. Reported taxable interest for persons was $913, dividends $2,200, capital gains +$1,679, and itemized deductions $16,792. The average earned income tax credit is $2,001. The percent of individuals that use a tax preparer is 61.5%. The total average income taxes paid by individuals was $5,950. Businesses reported an average profit of $7,515.
Mezzo Coffee House
100 W Allegan St, Otsego, MI 49078
Brewsters Smokehouse
1420 E M 89, Otsego, MI 49078
Our Table Family Restaurant
108 E Allegan St, Otsego, MI 49078
Casa Real
232 W Allegan St, Otsego, MI 49078
LNB & the Arpeggio
119 E Allegan St, Otsego, MI 49078
Jr McGonigle's Saloon
113 N Farmer St, Otsego, MI 49078
Upper Crust
1420 E M 89, Otsego, MI 49078
BLIMPIE
1567 111th Ave, Otsego, MI 49078
Judy's Restaurant
120 W Allegan St, Otsego, MI 49078
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