Interested in purchasing investment houses in the 55052 zip code in Morristown, MN?
The zip code 55052 is in both Rice and Waseca counties with a latitude of -93.439510000000 and longitude of 44.232230000000, is in the state of Minnesota. The average asking price of houses and condos is $158,800.00 and the average sale price was $113,455.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 44° 13' 56.028" N, 93° 26' 22.236" W. The county F.I.P.S. is 27131. This zip code contains two cities including Morristown, MN (2.08%), and Warsaw, MN (0.17%) The total land area is 46.6 square miles and the water area is 2.8 square miles. The elevation in this area is 1030 - 1109 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55052 is in county number 161 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,035 in 2019 and 2,090 in 2010. Of this, the break down in 2019 was 65 urban and 1,969 rural. This further breaks down to 1,035 males (50.9%) and 1,000 females (49.1%). The median age of residents is 43.2 years. The population of the greater Faribault-Northfield, MN area is 64,316. The population density (people per square mile) is 44. This zip code has a combined total of 958 houses and condos. There are 96 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 $47,957 and the average salary is $40,182. The median household income of individuals is $53,657.00 and the average is $59,290.00. This zip code has a mean commute time to work of 25.2 minutes. The unemployment rate is 1.1%. Income earners by percent breakdown as 46.40% (Under $50,000), 40.50% ($50,000-$100,000), and 13.10% earn over $100,000. 6.8% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.4. The educational breakdown is 93.1% have a high school education or higher, 18.7% have a bachelor's degree or higher, and 5.7% have some kind of profesional degree.
This area has 823 households and the average size is 2.5 people. Individuals who are single and have never been married are 25.1%, 55.2% are now married, 0.6% are separated, 7.2% are widowed, and 11.9% are divorced. The average yearly contribution amount given by people to charity was $2,515 versus the state average of $3,948. The percent of residents who gave to charity was 27.4%.
The estimated median value of houses and condos is $197,155. The median monthly owner costs of mortgage holders was $1,415, where as the costs for those who don't have a mortgage are $510. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 5.4.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,679. 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 0.8% which amounted to an average tax amount of $1,700. 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 $1,650. Reported taxable interest for persons was $1,050, dividends $1,272, capital gains +$2,353, and itemized deductions $18,378. The average earned income tax credit is $2,093. The percent of individuals that use a tax preparer is 61.1%. The total average income taxes paid by individuals was $6,025. Businesses reported an average profit of $9,500.
Archie's Bar
108 Division St N, Morristown, MN 55052
The Channel Inn
23219 Farwell Ave, Warsaw, MN 55087 (3 miles away)
Corner Bar
Waterville, MN 56096 (6.1 miles away)
Vintage Escapes Winery & Vineyard
8950 Dodd Rd, Kilkenny, MN 56052 (6.6 miles away)
Country Kitchen
3050 Highway 60 W, Faribault, MN 55021 (9.4 miles away)
Boxcar Bar
202 Elm Ave W, Waseca, MN 56093 (10.8 miles away)
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