48240 Zip Code Detailed Profile

Profiles Redford, MI (48240) houses, apartments, residents, cars, jobs...

City: Redford, MI
Wayne County, MI
Zip code population (2000): 19,151
Estimated population in 2005: 18,275

Age and Sex of Residents in zip code 48240

Zip code 48240 (Redford, Michigan) real estate house value trends

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Houses and condos: 7,478
Renter-occupied apartments: 826

% of renters here:	11%
State:	26%

2008 cost of living index in zip code 48240: 98.4 (near average, U.S. average is 100)

Land area: 3.7 sq. mi.
Water area: 0.0 sq. mi.

Population density: 4939 people per square mile

(average).

Real estate property taxes paid for housing units in 2000:

This zip code:	1.5% ($1,391)
Michigan:	1.3% ($1,461)

Median real estate property taxes paid for housing units with mortgages in 2005 in Wayne County: $2,312 (1.6%)
Median real estate property taxes paid for housing units with no mortgage in 2005 in Wayne County: $1,720 (1.5%)

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Males: 9,432	(49.3%)
Females: 9,719	(50.7%)

White population: 17,800
Black population: 635
American Indian population: 110
Asian population: 127
Native Hawaiian and Other Pacific Islander population: 1
Some other race population: 116
Two or more races population: 362

Discuss zip code 48240 area on our local forum with over 400,000 registered users

100% urban population.

Estimated median house/condo value in 2005: $133,781

48240	$133,781
Michigan:	$149,300

According to our research of public records there were 25 registered sex offenders living in 48240 zip code in early 2007.
The number of registered sex offenders compared to the number of residents in this zip code is smaller than the state average.

Median resident age:	34.7 years
Michigan median age:	35.5 years

Average household size:

This zip code:	2.6 people
Michigan:	2.6 people

Averages for the 2004 tax year for zip code 48240, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $37,712 (Individual Income Tax Returns)

Here: $37,712
State: $48,204

Salary/wage: $37,059 (reported on 86.5% of returns)

Here: $37,059
State: $42,791

(% of AGI for various income ranges: 79.3% for AGIs below $10k, 70.1% for AGIs $10k-25k, 86.6% for AGIs $25k-50k, 88.2% for AGIs $50k-75k, 90.8% for AGIs $75k-100k, 78.3% for AGIs over 100k)

Taxable interest for individuals: $1,005 (reported on 40.1% of returns)

This zip code: $1,005
Michigan: $1,725

(% of AGI for various income ranges: 4.6% for AGIs below $10k, 2.3% for AGIs $10k-25k, 0.9% for AGIs $25k-50k, 0.7% for AGIs $50k-75k, 0.6% for AGIs $75k-100k, 1.5% for AGIs over 100k)

Taxable dividends: $1,598 (reported on 18.3% of returns)

Here: $1,598
State: $3,420

(% of AGI for various income ranges: 2.7% for AGIs below $10k, 1.9% for AGIs $10k-25k, 0.5% for AGIs $25k-50k, 0.6% for AGIs $50k-75k, 0.4% for AGIs $75k-100k, 1.1% for AGIs over 100k)

Net capital gain/loss: +$3,790 (reported on 11.5% of returns)

Here: +$3,790
State: +$8,532

(% of AGI for various income ranges: -1.5% for AGIs below $10k, 0.0% for AGIs $10k-25k, 0.2% for AGIs $25k-50k, 0.3% for AGIs $50k-75k, 0.7% for AGIs $75k-100k, 8.0% for AGIs over 100k)

Profit/loss from business: +$6,658 (reported on 10.1% of returns)

Here: +$6,658
State: +$9,547

(% of AGI for various income ranges: 7.2% for AGIs below $10k, 5.2% for AGIs $10k-25k, 1.4% for AGIs $25k-50k, 1.3% for AGIs $50k-75k, 0.8% for AGIs $75k-100k, 1.3% for AGIs over 100k)

IRA payment deduction: $2,403 (reported on 2.0% of returns)

48240: $2,403
Michigan: $2,875

(% of AGI for various income ranges: 0.3% for AGIs $10k-25k, 0.2% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.1% for AGIs $75k-100k)

Total itemized deductions: $13,449 (2% of AGI, reported on 42.4% of returns)

Here: $13,449
State: $18,509

(% of AGI for various income ranges: 13.4% for AGIs below $10k, 13.0% for AGIs $10k-25k, 16.7% for AGIs $25k-50k, 15.7% for AGIs $50k-75k, 14.3% for AGIs $75k-100k, 12.7% for AGIs over 100k)

Charity contributions deductions: $1,868 (3.3% of AGI, reported on 36.2% of returns)

Here: $1,868
Michigan: $3,365

Here: 3.3% of AGI
State: 3.6% of AGI

(% of AGI for various income ranges: 0.9% for AGIs below $10k, 1.4% for AGIs $10k-25k, 1.6% for AGIs $25k-50k, 1.7% for AGIs $50k-75k, 1.9% for AGIs $75k-100k, 2.8% for AGIs over 100k)

Total tax: $4,283 (reported on 77.8% of returns)

48240: $4,283
State: $7,691

(% of AGI for various income ranges: 2.7% for AGIs below $10k, 4.4% for AGIs $10k-25k, 7.2% for AGIs $25k-50k, 9.0% for AGIs $50k-75k, 10.7% for AGIs $75k-100k, 15.2% for AGIs over 100k)

Earned income credit: $1,542 (reported on 11.9% of returns)

Here: $1,542
State: $1,737

(% of AGI for various income ranges: 5.7% for AGIs below $10k, 3.2% for AGIs $10k-25k, 0.2% for AGIs $25k-50k)

Percentage of individuals using paid preparers for their 2004 taxes: 53.8%

Here: 54%
State: 60%

(% for various income ranges: 47.8% for AGIs below $10k, 55.2% for AGIs $10k-25k, 53.9% for AGIs $25k-50k, 55.8% for AGIs $50k-75k, 55.8% for AGIs $75k-100k, 61.4% for AGIs over 100k)