48807 ZIP Code – Bannister, Michigan
48807 is a ZIP code serving Bannister, Michigan in Gratiot County with a population of approximately 787 residents. The median household income of $58,333 is near the Michigan average and below the national average. The median home value of $105,200 is well below the national average, with 88.7% owner-occupied housing (increasing). , and the median rent of $755 is below the national average. Housing consists of 86% single-family (increasing).
The unemployment rate is 3.0%, well below the national average. About 12.5% of residents live below the poverty line, near the national rate. About 18.6% of residents have completed a four-year degree, below the national rate. The median age is 50.1, above the national median. Nearby ZIP codes include 48831, 48806, 48614.
ZIP Code 48807 Data
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ZIP 48807 vs. Michigan vs. U.S.
| Metric | ZIP 48807 | MI Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 787 | 10k | 10k |
| Median Household Income | $58k | $68k | $73k |
| Median Home Value | $105k | $190k | $258k |
| Median Rent | $755 | $949 | $1,088 |
| Median Age | 50.1 | 44.7 | 43.2 |
| Unemployment Rate | 3.0% | 5.6% | 5.0% |
| Poverty Rate | 12.5% | 12.5% | 13.3% |
| Bachelor's Degree or Higher | 18.6% | 25.8% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 48831 – Elsie
- 48806 – Ashley
- 48614 – Brant
- 48841 – Henderson
- 48649 – Oakley
- 48874 – Pompeii
- 48862 – North Star
- 48866 – Ovid
- 48847 – Ithaca
- 48879 – Saint Johns
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 48831 | ELSIE | 3,307 | $60,395 |
| 48806 | ASHLEY | 1,794 | $57,083 |
| 48614 | BRANT | 978 | $54,286 |
| 48841 | HENDERSON | 713 | $66,125 |
| 48649 | OAKLEY | 1,309 | $63,587 |