Interested in purchasing investment houses in the 55020 zip code in Elko, MN?
The zip code 55020 is in Scott county with a latitude of -93.369470000000 and longitude of 44.576240000000, is in the state of Minnesota. The average asking price of houses and condos is $268,462.00 and the average sale price was $222,545.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 952 area code. The location in degrees is 44° 34' 34.464" N, 93° 22' 10.092" W. The county F.I.P.S. is 27139. The total land area is 25.0 square miles and the water area is 0.2 square miles. The elevation in this area is 994 - 1106 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55020 is in county number 131 and is L. Sector 96, L. Segment 00, H. Sector 00, and H. Segment 00. The population was 4,306 in 2019 and 3,717 in 2010. This further breaks down to 2,073 males (48.2%) and 2,232 females (51.8%). The median age of residents is 33.6 years. The population of the greater Minneapolis-St. Paul-Bloomington, MN-WI area is 3,328,053. The population density (people per square mile) is 172. This zip code has a combined total of 1,308 houses and condos. There are 18 rented appartments. 1% of residents rent versus the 1% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $77,309 and the average salary is $67,976. The median household income of individuals is $92,163.00 and the average is $93,850.00. This zip code has a mean commute time to work of 32.3 minutes. The unemployment rate is 1.1%. Income earners by percent breakdown as 13.40% (Under $50,000), 42.30% ($50,000-$100,000), and 44.30% earn over $100,000. 2.8% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 116.0. The educational breakdown is 98.3% have a high school education or higher, 50.5% have a bachelor's degree or higher, and 14.7% have some kind of profesional degree.
This area has 1,181 households and the average size is 3.3 people. Individuals who are single and have never been married are 22.9%, 69.3% are now married, 0.0% are separated, 2.0% are widowed, and 5.8% are divorced. The average yearly contribution amount given by people to charity was $2,822 versus the state average of $3,948. The percent of residents who gave to charity was 48.2%.
The estimated median value of houses and condos is $406,473. The median monthly owner costs of mortgage holders was $2,208, where as the costs for those who don't have a mortgage are $666. The median number of rooms in houses and condos are 8.0 versus apartments which had a median number of 10.0.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $4,082. In comparision, the average real estate tax percent rate in the state is 1.1% which equated to an average real estate tax amount payment in the state of $2,670. The median housing property tax percent for residents with mortgages was 1.0% which amounted to an average tax amount of $4,069. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $4,170. Reported taxable interest for persons was $816, dividends $2,351, capital gains +$5,600, and itemized deductions $23,884. The average earned income tax credit is $1,808. The percent of individuals that use a tax preparer is 54.1%. The total average income taxes paid by individuals was $9,713. Businesses reported an average profit of $9,441.
Captain Black's Bar & Grill
9660 Main St, Elko New Market, MN 55020
Redeye Inc
9646 Main St, Elko New Market, MN 55020
End Zone Bar & Grill
10491 E 260th St, Elko New Market, MN 55020
Firehouse Grille
7875 Old Town Rd, Elko New Market, MN 55054 (1.9 miles away)
Ranchero Supper Club
4452 40th St W, Webster, MN 55088 (6.2 miles away)
Mystic Steakhouse
2400 Mystic Lake Blvd, Prior Lake, MN 55372 (8.5 miles away)
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