48464 Zip Code

April 25, 2024

Zip Code:	48464
City/Town:	Otter Lake
State:	Michigan

Population:	2,231
Per Capita Income:	$25,441
Mean Household Income:	$60,668

Total Housing Units:	836
Median Home Value:	$100,800
Median Year Homes Built:	1964

Land Area:	18.5 sq miles 48.0 sq kilometers
Water Area:	0.8 sq miles 2.0 sq kilometers

Population Information (48464 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,231

Male:

1,147

51.4%

49.2%

Female:

1,084

48.6%

50.8%

Median Age:

42.4 yrs

37.2 yrs

Under 5 years:

108

4.8%

6.5%

5 to 9 years:

128

7.8%

6.6%

10 to 19 years:

320

14.3%

13.8%

20 to 29 years:

217

9.7%

13.8%

30 to 39 years:

282

12.6%

13.0%

40 to 49 years:

324

14.5%

14.2%

50 to 59 years:

420

18.8%

13.6%

60 to 69 years:

252

11.3%

9.4%

70 to 79 years:

120

5.4%

80 years and over:

2.7%

3.7%

Housing Information (48464 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$100,800

$119,600

Median year homes build:

1964

1971

Median real estate taxes:

$912 / yr.

$1,334 / yr.

Median rent:

$397 / mo.

$519 / mo.

Total households:

836

Family households:

649

77.6%

66.4%

Nonfamily households:

187

22.4%

33.6%

Households with individuals under 18 years:

271

32.4%

33.4%

Households with individuals 65 years and over:

211

25.2%

24.9%

Average household size:

2.7

Average family size:

3.0

Total housing units:

1,013

Occupied housing units:

836

82.5%

88.6%

Vacant housing units:

177

17.5%

11.4%

For rent:

0.5%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

2.5%

1.4%

Sold, not occupied:

1.6%

0.3%

For seasonal, recreational, or occasional use:

113

11.2%

3.5%

All other vacants:

1.8%

2.8%

Homeowner vacancy rate:

3.2%

2.4%

Rental vacancy rate:

5.4%

9.2%

Owner-occupied housing units:

748

Population in owner-occupied housing units:

1,987

Average household size of owner-occupied units:

2.7

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

237

Average household size of renter-occupied units:

2.7

2.44

Educational Attainment (48464 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,334

Less than 9th grade:

3.6%

6.2%

9th to 12th grade, no diploma:

228

17.1%

8.7%

High school graduate (includes equivalency):

589

44.2%

29.0%

Some college, no degree:

285

21.4%

20.6%

Associate degree:

5.4%

7.5%

Bachelor's degree:

6.0%

17.6%

Graduate or professional degree:

2.4%

10.3%

Percent high school graduate or higher:

79.3%

85.0%

Percent bachelor's degree or higher:

8.4%

27.9%

Income Information (48464 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:

754

33.8%

50.4%

Median income:

$29,492 / yr.

$27,932 / yr.

Full-time, year-round workers:

382

17.1%

59.7%

Median income:

$41,184 / yr.

$38,349 / yr.

Females 15 years and over with income:

565

25.3%

49.6%

Median income:

$16,197 / yr.

$16,327 / yr.

Full-time, year-round workers:

194

8.7%

40.3%

Median income:

$26,932 / yr.

$28,135 / yr.

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