Interested in purchasing investment houses in the 55350 zip code in Hutchinson, MN?
The zip code 55350 is in both McLeod and Meeker counties with a latitude of -94.393900000000 and longitude of 44.895350000000, is in the state of Minnesota. The average asking price of houses and condos is $154,237.00 and the average sale price was $76,000.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 44° 53' 43.26" N, 94° 23' 38.04" W. The county F.I.P.S. is 27085. This zip code contains two cities including Hutchinson, MN (5.34%), and Cedar Mills, MN (0.20%) The total land area is 160.7 square miles and the water area is 8.4 square miles. The elevation in this area is 1063 - 1145 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55350 is in county number 093 and is L. Sector 91, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 18,098 in 2019 and 18,280 in 2010. Of this, the break down in 2019 was 13,777 urban and 4,320 rural. This further breaks down to 9,061 males (50.1%) and 9,036 females (49.9%). The median age of residents is 41.6 years. The population of the greater Hutchinson, MN area is 37,787. The population density (people per square mile) is 113. This zip code has a combined total of 8,475 houses and condos. There are 2,116 rented appartments. 27% of residents rent versus the 27% 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 $54,861 and the average salary is $44,996. The median household income of individuals is $58,120.00 and the average is $63,350.00. This zip code has a mean commute time to work of 18.7 minutes. The unemployment rate is 2.7%. Income earners by percent breakdown as 42.10% (Under $50,000), 41.50% ($50,000-$100,000), and 16.40% earn over $100,000. 7.2% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 77.7. The educational breakdown is 95.5% have a high school education or higher, 21.5% have a bachelor's degree or higher, and 6.5% have some kind of profesional degree.
This area has 7,475 households and the average size is 2.3 people. Individuals who are single and have never been married are 28.8%, 53.6% are now married, 0.8% are separated, 5.5% are widowed, and 11.3% are divorced. The average yearly contribution amount given by people to charity was $3,451 versus the state average of $3,948. The percent of residents who gave to charity was 29.3%.
The estimated median value of houses and condos is $181,785. The median monthly owner costs of mortgage holders was $1,311, where as the costs for those who don't have a mortgage are $526. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $2,104. 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 $2,099. 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 $2,125. Reported taxable interest for persons was $1,250, dividends $3,255, capital gains +$9,754, and itemized deductions $20,251. The average earned income tax credit is $1,888. The percent of individuals that use a tax preparer is 63.0%. The total average income taxes paid by individuals was $8,022. Businesses reported an average profit of $13,107.
Country Kitchen
528 Highway 7 E, Hutchinson, MN 55350
Tokyo Grill
1190 Highway 7 W, Hutchinson, MN 55350
McCormick's Family Restaurant
1102 Highway 15 S, Hutchinson, MN 55350
Wing Street
1310 Highway 15 S, Hutchinson, MN 55350
Dq
46 Main St N, Hutchinson, MN 55350
McCormick's Family Restaurant
1102 Mn-15, Hutchinson, MN 55350
El Loro Mexican Restaurant
705 Atlanta Ave SW, Hutchinson, MN 55350
Las Palmas
15 2nd Ave SW, Hutchinson, MN 55350
Buffalo Wild Wings
1040 Highway 15 S, Hutchinson, MN 55350
Hutch Cafe
1311 Mcdonald Dr SW, Hutchinson, MN 55350
King's Wok Chinese Restaurant
1025 Highway 15 S, Hutchinson, MN 55350
Happy Panda
1310 Highway 15 S Ste 101, Hutchinson, MN 55350
Main Street Sports Bar
16 Main St N, Hutchinson, MN 55350
Red's Hot
549 Main St S, Hutchinson, MN 55350
Pete's Grill
144 Main St S, Hutchinson, MN 55350
Hutch Bowl
122 Main St S, Hutchinson, MN 55350
Coney Island Eatery
114 Main St N Ste 102, Hutchinson, MN 55350
Zellas
14 Main St S, Hutchinson, MN 55350
Caribou Coffee
1100 Mn-15, Hutchinson, MN 55350
Peet's Coffee & Tea
1020 Highway 15 S, Hutchinson, MN 55350
V's Grill
220 Main St E, Silver Lake, MN 55381 (9.3 miles away)
Lake Marion Supper Club
11331 Highway 15, Brownton, MN 55312 (11.8 miles away)
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
