48006, Avoca, MI

The 48006 zip code of Avoca, Michigan has a population of around 2,000 people. The median household income in this zip code is $60,000 which is lower than the statewide median household income of $75,000. The homeownership rate in this zip code is around 60% which is lower than the statewide homeownership rate of 70%. The average home value in this zip code is $135,000 which is higher than the statewide average home value of $127,500.

One reason that the homeownership rate in this zip code is lower than the statewide homeownership rate may be because there are a greater number of renters living in this zip code compared to homeowners. There are 1,811 renters living in this zipcode compared to 816 homeowners. Additionally, there are a greater number of single-family homes and condos in this zipcode compared to multi-family homes and apartments. There are 1,068 single-family homes and condos and 587 multi-family homes and apartments in this zipcode. This may be why the average home value is higher than the statewide average home value.