Interested in purchasing investment houses in the 55381 zip code in Silver Lake, MN?
The zip code 55381 is in McLeod county with a latitude of -94.187510000000 and longitude of 44.926710000000, is in the state of Minnesota. The average asking price of houses and condos is $115,533.00 and the average sale price was $153,293.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 44° 55' 36.156" N, 94° 11' 15.036" W. The county F.I.P.S. is 27085. The total land area is 45.6 square miles and the water area is 1.3 square miles. The elevation in this area is 1053 - 1099 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55381 is in county number 171 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,097 in 2019 and 2,063 in 2010. This further breaks down to 1,053 males (50.2%) and 1,044 females (49.8%). The median age of residents is 42.2 years. The population of the greater Hutchinson, MN area is 37,787. The population density (people per square mile) is 46. This zip code has a combined total of 918 houses and condos. There are 111 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 $48,500 and the average salary is $43,642. The median household income of individuals is $52,839.00 and the average is $59,730.00. This zip code has a mean commute time to work of 28.3 minutes. The unemployment rate is 1.8%. Income earners by percent breakdown as 46.40% (Under $50,000), 40.30% ($50,000-$100,000), and 13.30% earn over $100,000. 5.0% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.6. The educational breakdown is 96.3% have a high school education or higher, 13.7% have a bachelor's degree or higher, and 3.5% have some kind of profesional degree.
This area has 807 households and the average size is 2.5 people. Individuals who are single and have never been married are 28.7%, 58.2% are now married, 0.1% are separated, 6.5% are widowed, and 6.5% are divorced. The average yearly contribution amount given by people to charity was $1,909 versus the state average of $3,948. The percent of residents who gave to charity was 24.2%.
The estimated median value of houses and condos is $191,073. The median monthly owner costs of mortgage holders was $1,362, where as the costs for those who don't have a mortgage are $486. The median number of rooms in houses and condos are 6.5 versus apartments which had a median number of 4.9.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,977. 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 1.0% which amounted to an average tax amount of $2,014. 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 $1,917. Reported taxable interest for persons was $1,024, dividends $1,883, capital gains +$3,106, and itemized deductions $15,677. The average earned income tax credit is $2,220. The percent of individuals that use a tax preparer is 70.5%. The total average income taxes paid by individuals was $5,484. Businesses reported an average profit of $10,669.
V's Grill
220 Main St E, Silver Lake, MN 55381
Forepaugh's Restaurant
674 Grand Ave NW, Silver Lake, MN 55381
Punch Neapolitan Pizza
100 Cleveland St SE, Silver Lake, MN 55381
Caseys Carry Out Pizza
12686 245th St, Silver Lake, MN 55381
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