48622 Zip Code

April 19, 2024

Zip Code:	48622
City/Town:	Farwell
State:	Michigan

Population:	6,491
Per Capita Income:	$20,268
Mean Household Income:	$51,031

Total Housing Units:	2,597
Median Home Value:	$81,900
Median Year Homes Built:	1975

Land Area:	95.1 sq miles 246.4 sq kilometers
Water Area:	1.2 sq miles 3.0 sq kilometers

Population Information (48622 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

6,491

Male:

3,207

49.4%

49.2%

Female:

3,284

50.6%

50.8%

Median Age:

44.4 yrs

37.2 yrs

Under 5 years:

364

5.6%

6.5%

5 to 9 years:

367

6.2%

6.6%

10 to 19 years:

840

12.9%

13.8%

20 to 29 years:

606

9.3%

13.8%

30 to 39 years:

706

10.9%

13.0%

40 to 49 years:

874

13.5%

14.2%

50 to 59 years:

1,039

16.0%

13.6%

60 to 69 years:

847

13.0%

9.4%

70 to 79 years:

534

8.2%

5.4%

80 years and over:

314

4.8%

3.7%

Housing Information (48622 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$81,900

$119,600

Median year homes build:

1975

1971

Median real estate taxes:

$683 / yr.

$1,334 / yr.

Median rent:

$337 / mo.

$519 / mo.

Total households:

2,597

Family households:

1,841

70.9%

66.4%

Nonfamily households:

756

29.1%

33.6%

Households with individuals under 18 years:

744

28.6%

33.4%

Households with individuals 65 years and over:

826

31.8%

24.9%

Average household size:

2.5

Average family size:

2.9

Total housing units:

3,535

Occupied housing units:

2,597

73.5%

88.6%

Vacant housing units:

938

26.5%

11.4%

For rent:

0.9%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

2.0%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

705

19.9%

3.5%

All other vacants:

112

3.2%

2.8%

Homeowner vacancy rate:

3.2%

2.4%

Rental vacancy rate:

6.8%

9.2%

Owner-occupied housing units:

2,160

Population in owner-occupied housing units:

5,246

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

437

Population in renter-occupied housing units:

1,126

Average household size of renter-occupied units:

2.6

2.44

Educational Attainment (48622 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

4,236

Less than 9th grade:

242

5.7%

6.2%

9th to 12th grade, no diploma:

638

15.1%

8.7%

High school graduate (includes equivalency):

1,850

43.7%

29.0%

Some college, no degree:

937

22.1%

20.6%

Associate degree:

233

5.5%

7.5%

Bachelor's degree:

189

4.5%

17.6%

Graduate or professional degree:

147

3.5%

10.3%

Percent high school graduate or higher:

79.2%

85.0%

Percent bachelor's degree or higher:

7.9%

27.9%

Income Information (48622 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:

2,231

34.4%

50.4%

Median income:

$23,902 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,008

15.5%

59.7%

Median income:

$31,875 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,152

33.2%

49.6%

Median income:

$11,814 / yr.

$16,327 / yr.

Full-time, year-round workers:

651

10.0%

40.3%

Median income:

$22,746 / yr.

$28,135 / yr.

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