Interested in purchasing investment houses in the 55406 zip code in Minneapolis, MN?
The zip code 55406 is in Hennepin county with a latitude of -93.221130000000 and longitude of 44.939550000000, is in the state of Minnesota. The average asking price of houses and condos is $186,153.00 and the average sale price was $160,549.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 612 area code. The location in degrees is 44° 56' 22.38" N, 93° 13' 16.068" W. The county F.I.P.S. is 27053. The total land area is 5.0 square miles and the water area is 0.2 square miles. The elevation in this area is 827 - 850 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55406 is in county number 053 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 33,929 in 2019 and 32,112 in 2010. This further breaks down to 16,855 males (49.7%) and 17,073 females (50.3%). The median age of residents is 39.0 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 6,782. This zip code has a combined total of 16,470 houses and condos. There are 5,454 rented appartments. 34% of residents rent versus the 34% 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 $52,767 and the average salary is $49,016. The median household income of individuals is $55,069.00 and the average is $68,760.00. This zip code has a mean commute time to work of 23.3 minutes. The unemployment rate is 3.4%. Income earners by percent breakdown as 44.00% (Under $50,000), 38.10% ($50,000-$100,000), and 17.90% earn over $100,000. 12.6% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 112.6. The educational breakdown is 93.1% have a high school education or higher, 54.6% have a bachelor's degree or higher, and 23.6% have some kind of profesional degree.
This area has 14,765 households and the average size is 2.1 people. Individuals who are single and have never been married are 37.9%, 44.0% are now married, 1.6% are separated, 3.4% are widowed, and 13.2% are divorced. The average yearly contribution amount given by people to charity was $2,639 versus the state average of $3,948. The percent of residents who gave to charity was 32.4%.
The estimated median value of houses and condos is $256,533. The median monthly owner costs of mortgage holders was $1,613, where as the costs for those who don't have a mortgage are $591. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $3,243. 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 1.3% which amounted to an average tax amount of $3,250. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $3,235. Reported taxable interest for persons was $697, dividends $3,651, capital gains +$5,934, and itemized deductions $18,316. The average earned income tax credit is $1,723. The percent of individuals that use a tax preparer is 46.0%. The total average income taxes paid by individuals was $7,952. Businesses reported an average profit of $12,232.
Birchwood Cafe
3311 E 25th St, Minneapolis, MN 55406
Fraternal Order of Eagles
2507 E. 25th St., Minneapolis, MN 55406
Caffe Biaggio
2356 University Ave W, Saint Paul, MN 55114 (2.3 miles away)
Sea Salt Eatery
4825 Minnehaha Ave, Minneapolis, MN 55417 (2.4 miles away)
Alma
528 University Ave SE, Minneapolis, MN 55414 (2.7 miles away)
Luci Ancora
2060 Randolph Ave, Saint Paul, MN 55105 (2.8 miles away)
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