Interested in purchasing investment houses in the 55089 zip code in Welch, MN?
The zip code 55089 is in both Goodhue and Dakota counties with a latitude of -92.715920000000 and longitude of 44.581390000000, is in the state of Minnesota. The average asking price of houses and condos is $167,200.00 and the average sale price was $235,800.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 651 area code. The location in degrees is 44° 34' 53.004" N, 92° 42' 57.312" W. The county F.I.P.S. is 27049. The total land area is 60.4 square miles and the water area is 3.2 square miles. The elevation in this area is 682 - 1089 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55089 is in county number 037 and is L. Sector 95, L. Segment 02, H. Sector 02, and H. Segment 02. The population was 1,749 in 2019 and 1,814 in 2010. This further breaks down to 934 males (53.4%) and 814 females (46.6%). The median age of residents is 46.0 years. The population of the greater Red Wing, MN area is 46,429. The population density (people per square mile) is 29. This zip code has a combined total of 767 houses and condos. There are 75 rented appartments. 11% of residents rent versus the 11% 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 $98,708 and the average salary is $53,863. The median household income of individuals is $71,096.00 and the average is $98,970.00. This zip code has a mean commute time to work of 26.8 minutes. The unemployment rate is 2.6%. Income earners by percent breakdown as 29.50% (Under $50,000), 40.80% ($50,000-$100,000), and 29.70% earn over $100,000. 7.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 88.0. The educational breakdown is 93.9% have a high school education or higher, 24.6% have a bachelor's degree or higher, and 5.4% have some kind of profesional degree.
This area has 664 households and the average size is 2.5 people. Individuals who are single and have never been married are 24.7%, 60.0% are now married, 0.1% are separated, 6.3% are widowed, and 8.9% are divorced. The average yearly contribution amount given by people to charity was $2,834 versus the state average of $3,948. The percent of residents who gave to charity was 35.4%.
The estimated median value of houses and condos is $324,869. The median monthly owner costs of mortgage holders was $1,937, where as the costs for those who don't have a mortgage are $593. The median number of rooms in houses and condos are 7.2 versus apartments which had a median number of 6.3.
The real estate tax percent rate is 0.8% which equated to an average real estate tax amount payment of $2,688. 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 $2,709. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $2,661. Reported taxable interest for persons was $1,118, dividends $5,183, capital gains +$3,172, and itemized deductions $25,313. The average earned income tax credit is $1,814. The percent of individuals that use a tax preparer is 62.6%. The total average income taxes paid by individuals was $8,796. Businesses reported an average profit of $8,564.
Tado Steakhouse
5734 Sturgeon Lake Rd, Welch, MN 55089
Cannon River Inn
26374 County 7 Blvd, Welch, MN 55089
The Tipsy Turtle Bar & Grill
6690 Sturgeon Lake Rd, Welch, MN 55089
Trout Scream Cafe
14689 Welch Trl, Welch, MN 55089
The Bleu Dog Cafe
14689 Welch Trl, Welch, MN 55089
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