48465 Zip Code

April 16, 2024

Zip Code:	48465
City/Town:	Palms
State:	Michigan

Population:	629
Per Capita Income:	$20,253
Mean Household Income:	$48,759

Total Housing Units:	262
Median Home Value:	$95,300
Median Year Homes Built:	1963

Land Area:	41.1 sq miles 106.3 sq kilometers
Water Area:	0.5 sq miles 1.4 sq kilometers

Population Information (48465 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

629

Male:

328

52.1%

49.2%

Female:

301

47.9%

50.8%

Median Age:

49.9 yrs

37.2 yrs

Under 5 years:

5.4%

6.5%

5 to 9 years:

4.8%

6.6%

10 to 19 years:

10.3%

13.8%

20 to 29 years:

7.5%

13.8%

30 to 39 years:

10.2%

13.0%

40 to 49 years:

10.8%

14.2%

50 to 59 years:

116

18.4%

13.6%

60 to 69 years:

102

16.2%

9.4%

70 to 79 years:

8.9%

5.4%

80 years and over:

6.2%

3.7%

Housing Information (48465 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$95,300

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$825 / yr.

$1,334 / yr.

Median rent:

$365 / mo.

$519 / mo.

Total households:

262

Family households:

188

71.8%

66.4%

Nonfamily households:

28.2%

33.6%

Households with individuals under 18 years:

21.0%

33.4%

Households with individuals 65 years and over:

35.1%

24.9%

Average household size:

2.4

Average family size:

2.9

Total housing units:

471

Occupied housing units:

262

55.6%

88.6%

Vacant housing units:

209

44.4%

11.4%

For rent:

0.2%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

2.1%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

167

35.5%

3.5%

All other vacants:

6.4%

2.8%

Homeowner vacancy rate:

3.9%

2.4%

Rental vacancy rate:

6.3%

9.2%

Owner-occupied housing units:

247

Population in owner-occupied housing units:

591

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

Average household size of renter-occupied units:

2.5

2.44

Educational Attainment (48465 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

397

Less than 9th grade:

9.3%

6.2%

9th to 12th grade, no diploma:

13.9%

8.7%

High school graduate (includes equivalency):

155

39.0%

29.0%

Some college, no degree:

105

26.4%

20.6%

Associate degree:

4.3%

7.5%

Bachelor's degree:

3.0%

17.6%

Graduate or professional degree:

4.0%

10.3%

Percent high school graduate or higher:

76.8%

85.0%

Percent bachelor's degree or higher:

7.1%

27.9%

Income Information (48465 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

271

43.1%

50.4%

Median income:

$22,202 / yr.

$27,932 / yr.

Full-time, year-round workers:

126

20.0%

59.7%

Median income:

$29,375 / yr.

$38,349 / yr.

Females 15 years and over with income:

164

26.1%

49.6%

Median income:

$15,441 / yr.

$16,327 / yr.

Full-time, year-round workers:

9.9%

40.3%

Median income:

$19,167 / yr.

$28,135 / yr.

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