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ZipNumbers

Alcona County · Michigan

ZIP code 48762

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 48762 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
1,014

ZCTA residents

Median income
$67,955

Household, past 12 months

Median home
$198,900

Owner-occupied value

Sales tax
6%

Michigan state rate

Quick answer

ZIP 48762 sits in Alcona County, Michigan and is home to 1,014 people. Median household income is $67,955, the median home is worth $198,900 and median gross rent is . 96% of households own their home, and purchases are taxed at 6% (Michigan state rate).

County
Alcona County

FIPS 26001

State
Michigan (MI)

992 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 48762

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
1,014ZIP 48762 residents
Median household income
$67,955Past 12 months, inflation adjusted
Median home value
$198,900Owner-occupied units
Median gross rent
Rent plus utilities, monthly
Median age
59.5 yrsAll residents
Homeownership rate
96%Owner-occupied households

Sales tax in 48762

What a purchase inside this ZIP costs at checkout.

Rate applied
6%State base rate only
Tax on $100
$6Rounded to the dollar
Tax on $1,000
$60Before any exemptions

Michigan levies 6% statewide with no local add-ons. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
Median rent ÷ median income
Price-to-income
2.9×Home value ÷ household income
Est. mortgage
$1,032/mo20% down, 30-yr at 6.75%
Poverty rate
10%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 48762 compares

ZIP 48762 against the median ZIP in Alcona County and across Michigan.

MeasureZIP 48762County medianState medianvs state
Median household income$67,955$57,344$66,726+2%
Median home value$198,900$159,550$179,300+11%
Median gross rent$875$930
Population1,0141,1094,540-78%

Medians are computed across the 10 ZIP areas in Alcona County and the 992 ZIP areas in Michigan.

Statewide rank

Where this ZIP places among all 992 Michigan ZIP areas.

Income

richer than 53% of 963 state ZIPs

#456
Home value

above 58% of 961 state ZIPs

#400
Population

larger than 18% of 992 state ZIPs

#816

Comparable ZIP codes

Michigan ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
49930Houghton County$67,946$211,900$749
48746Tuscola County$67,879$166,300$923
48476Shiawassee County$67,857$122,200$1,063
48192Wayne County$67,846$159,700$995
49768Chippewa County$67,813$198,600$572
48616Saginaw County$67,801$153,400$744

Nearby ZIP codes

Other ZIP codes filed under Alcona County.

ZIP 48762 questions

Common questions about this ZIP code.

Where is ZIP code 48762?
ZIP 48762 lies mostly in Alcona County, Michigan. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 48762?
Michigan charges 6% statewide.
Is 48762 expensive to live in?
Median rent runs a month, and the median home is worth $198,900+11% against the typical Michigan ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 48762, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.