48756 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Ogemaw County
Centroid: Latitude 44.183, Longitude -84.035
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 48756 has segments in 2 Counties (Arenac, Ogemaw).

Businesses Addresses: 65
PO Box Addresses: 206
Residential Addresses: 1,868

Multi-Family Addresses: 34
Single Family Addresses: 1,834

Foreclosures in MI 48756

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Prescott, MI 48756 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	3,977 (100%)
Population in Households	3,977 (100.0%)
Population in Families	3,054 (76.8%)
Population in Group Quarters¹	0
Population Density	50
Diversity Index²	18


INCOME
Median Household Income	$38,269
Average Household Income	$51,775
% of Income for Mortgage⁴	11%
Per Capita Income	$22,762
Wealth Index⁵	42

HOUSING
Total HU (Housing Units)	2,993 (100%)
Owner Occupied HU	1,399 (46.7%)
Renter Occupied HU	353 (11.8%)
Vacant Housing Units	1,241 (41.5%)
Median Home Value	$80,177
Average Home Value	$121,891
Housing Affordability Index³	224

HOUSEHOLDS
Total Households	1,752
Average Household Size	2.27
Family Households	1,104
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Prescott, MI 48756 - Peer Comparisons by Rank and Percentile

The table below compares 48756 to the other 977 ZIP Codes in Michigan by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	-0.30%	-0.39%
Households	-0.80%	-0.28%
Families		-0.36%
Median Household Income		2.88%
Per Capita Income		3.01%
Owner Occupied HU		-0.14%

Variable Description	Rank	Percentile
Total Population	# 527	46th
Population Density	# 693	29th
Median Household Income	# 921	6th
Housing Affordability Index	# 903	92nd
Per Capita Income	# 920	6th
Diversity Index	# 707	28th

48756 ZIP Code Profile, Map, Data & Demographics

ZIP Code 48756: Basic Data & USPS Preferred City Name

Prescott, MI 48756 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Prescott, MI 48756 - Peer Comparisons by Rank and Percentile

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