48460 Zip Code

April 24, 2024

Zip Code:	48460
City/Town:	New Lothrop
State:	Michigan

Population:	2,330
Per Capita Income:	$27,442
Mean Household Income:	$66,694

Total Housing Units:	924
Median Home Value:	$99,600
Median Year Homes Built:	1962

Land Area:	33.7 sq miles 87.3 sq kilometers
Water Area:	0.4 sq miles 1.1 sq kilometers

Population Information (48460 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,330

Male:

1,138

48.8%

49.2%

Female:

1,192

51.2%

50.8%

Median Age:

43.3 yrs

37.2 yrs

Under 5 years:

122

5.2%

6.5%

5 to 9 years:

135

6.7%

6.6%

10 to 19 years:

309

13.3%

13.8%

20 to 29 years:

252

10.8%

13.8%

30 to 39 years:

241

10.3%

13.0%

40 to 49 years:

367

15.8%

14.2%

50 to 59 years:

368

15.8%

13.6%

60 to 69 years:

274

11.8%

9.4%

70 to 79 years:

170

7.3%

5.4%

80 years and over:

3.9%

3.7%

Housing Information (48460 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$99,600

$119,600

Median year homes build:

1962

1971

Median real estate taxes:

$1,208 / yr.

$1,334 / yr.

Median rent:

$348 / mo.

$519 / mo.

Total households:

924

Family households:

682

73.8%

66.4%

Nonfamily households:

242

26.2%

33.6%

Households with individuals under 18 years:

279

30.2%

33.4%

Households with individuals 65 years and over:

268

29.0%

24.9%

Average household size:

2.5

Average family size:

3.0

Total housing units:

972

Occupied housing units:

924

95.1%

88.6%

Vacant housing units:

4.9%

11.4%

For rent:

1.0%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

0.9%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

0.6%

3.5%

All other vacants:

2.0%

2.8%

Homeowner vacancy rate:

1.2%

2.4%

Rental vacancy rate:

6.0%

9.2%

Owner-occupied housing units:

768

Population in owner-occupied housing units:

1,989

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

156

Population in renter-occupied housing units:

341

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (48460 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,538

Less than 9th grade:

3.1%

6.2%

9th to 12th grade, no diploma:

112

7.3%

8.7%

High school graduate (includes equivalency):

747

48.6%

29.0%

Some college, no degree:

350

22.8%

20.6%

Associate degree:

4.9%

7.5%

Bachelor's degree:

142

9.2%

17.6%

Graduate or professional degree:

4.1%

10.3%

Percent high school graduate or higher:

89.6%

85.0%

Percent bachelor's degree or higher:

13.3%

27.9%

Income Information (48460 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:

908

39.0%

50.4%

Median income:

$32,857 / yr.

$27,932 / yr.

Full-time, year-round workers:

423

18.2%

59.7%

Median income:

$47,102 / yr.

$38,349 / yr.

Females 15 years and over with income:

769

33.0%

49.6%

Median income:

$13,157 / yr.

$16,327 / yr.

Full-time, year-round workers:

232

10.0%

40.3%

Median income:

$24,569 / yr.

$28,135 / yr.

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