ZIP Code 48763 has segments in 2 Counties (Arenac, Iosco).
The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.
POPULATION | |
---|---|
Total Population | 4,530 (100%) |
Population in Households | 4,365 (96.4%) |
Population in Families | 3,446 (76.1%) |
Population in Group Quarters1 | 165 ( 3.6%) |
Population Density | 52 |
Diversity Index2 | 16 |
INCOME | |
Median Household Income | $58,317 |
Average Household Income | $78,439 |
% of Income for Mortgage4 | 16% |
Per Capita Income | $35,193 |
Wealth Index5 | 73 |
Socioeconomic Status Index6 | Moderate (50.9) |
HOUSING | |
---|---|
Total HU (Housing Units) | 2,867 (100%) |
Owner Occupied HU | 1,760 (61.4%) |
Renter Occupied HU | 269 ( 9.4%) |
Vacant Housing Units | 838 (29.2%) |
Median Home Value | $152,941 |
Average Home Value | $191,335 |
Housing Affordability Index3 | 148 |
HOUSEHOLDS | |
Total Households | 2,029 |
Average Household Size | 2.15 |
Family Households | 1,295 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -1.31% | -0.21% |
Households | -0.33% | 0.19% |
Families | 0.05% | |
Median Household Income | 2.69% | |
Per Capita Income | 3.31% | |
Owner Occupied HU | 0.18% |
The table below compares 48763 to the other 977 ZIP Codes in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 490 | 50th |
Population Density | # 680 | 31st |
Median Household Income | # 569 | 42nd |
Housing Affordability Index | # 819 | 84th |
Per Capita Income | # 448 | 54th |
Diversity Index | # 788 | 20th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.