Interested in purchasing investment houses in the 55024 zip code in Farmington, MN?
The zip code 55024 is in Dakota county with a latitude of -93.134280000000 and longitude of 44.629940000000, is in the state of Minnesota. The average asking price of houses and condos is $200,655.00 and the average sale price was $178,595.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 651 area code. The location in degrees is 44° 37' 47.784" N, 93° 8' 3.408" W. The county F.I.P.S. is 27037. This zip code contains two cities including Farmington, MN (15.98%), and Lakeville, MN (3.70%) The total land area is 89.0 square miles and the water area is 1.2 square miles. The elevation in this area is 873 - 1027 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55024 is in county number 037 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 35,906 in 2019 and 32,406 in 2010. Of this, the break down in 2019 was 31,162 urban and 4,743 rural. This further breaks down to 17,585 males (49.0%) and 18,321 females (51.0%). The median age of residents is 35.0 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 403. This zip code has a combined total of 12,564 houses and condos. There are 1,514 rented appartments. 12% of residents rent versus the 12% 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 $65,822 and the average salary is $61,056. The median household income of individuals is $81,386.00 and the average is $76,280.00. This zip code has a mean commute time to work of 29.7 minutes. The unemployment rate is 1.7%. Income earners by percent breakdown as 18.20% (Under $50,000), 50.60% ($50,000-$100,000), and 31.20% earn over $100,000. 1.9% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 112.0. The educational breakdown is 96.6% have a high school education or higher, 37.0% have a bachelor's degree or higher, and 9.4% have some kind of profesional degree.
This area has 10,878 households and the average size is 2.9 people. Individuals who are single and have never been married are 27.2%, 60.6% are now married, 0.7% are separated, 2.6% are widowed, and 8.9% are divorced. The average yearly contribution amount given by people to charity was $2,309 versus the state average of $3,948. The percent of residents who gave to charity was 43.0%.
The estimated median value of houses and condos is $284,177. The median monthly owner costs of mortgage holders was $1,801, where as the costs for those who don't have a mortgage are $589. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $3,281. 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 1.2% which amounted to an average tax amount of $3,357. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $2,991. Reported taxable interest for persons was $586, dividends $1,618, capital gains +$3,827, and itemized deductions $20,895. The average earned income tax credit is $2,093. The percent of individuals that use a tax preparer is 49.2%. The total average income taxes paid by individuals was $8,172. Businesses reported an average profit of $10,858.
Farmington Steak House
329 3rd St, Farmington, MN 55024
Baldys BBQ
122 Elm St, Farmington, MN 55024
Longbranch Saloon & Eatery
309 3rd St, Farmington, MN 55024
Dq
705 Willow St, Farmington, MN 55024
El Charro Mexican Restaurant
120 Elm St, Farmington, MN 55024
Taco Andale
18500 Pilot Knob Rd, Farmington, MN 55024
Las Enchiladas
18500 Pilot Knob Rd, Farmington, MN 55024
Celts Pub
200 3rd St, Farmington, MN 55024
The Mug
18450 Pilot Knob Rd, Farmington, MN 55024
Weng's Kitchen
115 Elm St, Farmington, MN 55024
Mei Wei
18500 Pilot Knob Rd, Farmington, MN 55024
Carbone's Pizzeria
10 8th St, Farmington, MN 55024
Las Margaritas
953 8th St, Farmington, MN 55024
El Loro
953 8th St, Farmington, MN 55024
Rebel Chef
953 8th St, Farmington, MN 55024
Hong KONG Bistro
18496 Duluth St, Farmington, MN 55024
Farmington Tap House and Grill
313 3rd St, Farmington, MN 55024
Farmington Bakery
212 Oak St, Farmington, MN 55024
Country Lane Cafe
27 5th St, Farmington, MN 55024
Peet's Coffee & Tea
115 Elm St, Farmington, MN 55024
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