Interested in purchasing investment houses in the 55357 zip code in Loretto, MN?
The zip code 55357 is in Hennepin county with a latitude of -93.659730000000 and longitude of 45.099120000000, is in the state of Minnesota. The average asking price of houses and condos is $359,973.00 and the average sale price was $368,138.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 763 area code. The location in degrees is 45° 5' 56.832" N, 93° 39' 35.028" W. The county F.I.P.S. is 27053. This zip code contains six cities including Greenfield, MN (66.34%), Corcoran, MN (19.88%), Medina, MN (6.59%), Independence, MN (5.42%), Loretto, MN (1.48%), and Hanover, MN (0.29%) The total land area is 19.0 square miles and the water area is 0.6 square miles. The elevation in this area is 961 - 1040 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55357 is in county number 053 and is L. Sector 00, L. Segment 01, H. Sector 16, and H. Segment 16. The population was 3,435 in 2019 and 3,246 in 2010. This further breaks down to 1,602 males (46.7%) and 1,832 females (53.3%). The median age of residents is 43.8 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 181. This zip code has a combined total of 1,198 houses and condos. There are 152 rented appartments. 13% of residents rent versus the 13% 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 $93,301 and the average salary is $75,051. The median household income of individuals is $105,135.00 and the average is $126,730.00. This zip code has a mean commute time to work of 28.7 minutes. The unemployment rate is 0.7%. Income earners by percent breakdown as 16.60% (Under $50,000), 29.70% ($50,000-$100,000), and 53.70% earn over $100,000. 1.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 95.5. The educational breakdown is 97.8% have a high school education or higher, 38.7% have a bachelor's degree or higher, and 11.6% have some kind of profesional degree.
This area has 1,127 households and the average size is 2.9 people. Individuals who are single and have never been married are 22.4%, 68.9% are now married, 0.4% are separated, 3.7% are widowed, and 4.6% are divorced. The average yearly contribution amount given by people to charity was $4,817 versus the state average of $3,948. The percent of residents who gave to charity was 48.7%.
The estimated median value of houses and condos is $437,544. The median monthly owner costs of mortgage holders was $2,389, where as the costs for those who don't have a mortgage are $734. The median number of rooms in houses and condos are 8.4 versus apartments which had a median number of 5.0.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $4,752. 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 1.1% which amounted to an average tax amount of $4,929. 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 $4,021. Reported taxable interest for persons was $2,037, dividends $4,791, capital gains +$10,707, and itemized deductions $29,456. The average earned income tax credit is $1,900. The percent of individuals that use a tax preparer is 56.3%. The total average income taxes paid by individuals was $13,874. Businesses reported an average profit of $16,989.
Warren's Restaurant
115 Railway St W, Loretto, MN 55357
Choo Choo Restaurant & Bar
160 Railway St W, Loretto, MN 55357
Axel's Tavern
130 Railway St W, Loretto, MN 55357
Pig On The Porch
130 Railway St W, Loretto, MN 55357
Detour 19
300 N Medina St, Loretto, MN 55357
Bistro 11
115 Railway St W, Loretto, MN 55357
Bonfire Wood Fire Cooking
130 Railway St W, Loretto, MN 55357
Restaurant
8230 Bridge St, Rockford, MN 55373 (2.9 miles away)
Big Bore Barbecue
10940 4th St NE, Hanover, MN 55341 (3.7 miles away)
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