Interested in purchasing investment houses in the 55417 zip code in Minneapolis, MN?
The zip code 55417 is in Hennepin county with a latitude of -93.230780000000 and longitude of 44.904090000000, is in the state of Minnesota. The average asking price of houses and condos is $195,013.00 and the average sale price was $196,731.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 612 area code. The location in degrees is 44° 54' 14.724" N, 93° 13' 50.808" W. The county F.I.P.S. is 27053. The total land area is 5.4 square miles and the water area is 0.6 square miles. The elevation in this area is 801 - 866 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55417 is in county number 053 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 26,883 in 2019 and 24,875 in 2010. This further breaks down to 13,159 males (49.0%) and 13,723 females (51.0%). The median age of residents is 38.5 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 4,943. This zip code has a combined total of 11,426 houses and condos. There are 2,226 rented appartments. 20% of residents rent versus the 20% 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 $64,998 and the average salary is $61,187. The median household income of individuals is $69,096.00 and the average is $83,850.00. This zip code has a mean commute time to work of 24.3 minutes. The unemployment rate is 2.4%. Income earners by percent breakdown as 31.70% (Under $50,000), 40.10% ($50,000-$100,000), and 28.20% earn over $100,000. 7.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 112.1. The educational breakdown is 98.2% have a high school education or higher, 58.5% have a bachelor's degree or higher, and 24.1% have some kind of profesional degree.
This area has 10,739 households and the average size is 2.4 people. Individuals who are single and have never been married are 32.7%, 54.4% are now married, 0.7% are separated, 2.6% are widowed, and 9.6% are divorced. The average yearly contribution amount given by people to charity was $2,489 versus the state average of $3,948. The percent of residents who gave to charity was 42.4%.
The estimated median value of houses and condos is $294,460. The median monthly owner costs of mortgage holders was $1,737, where as the costs for those who don't have a mortgage are $638. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 3.9.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $3,718. 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 $3,698. 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 $3,799. Reported taxable interest for persons was $738, dividends $3,235, capital gains +$5,986, and itemized deductions $20,349. The average earned income tax credit is $1,714. The percent of individuals that use a tax preparer is 46.9%. The total average income taxes paid by individuals was $9,185. Businesses reported an average profit of $13,483.
Sea Salt Eatery
4825 Minnehaha Ave, Minneapolis, MN 55417
Cap's Grille
5000 Hiawatha Ave, Minneapolis, MN 55417
Dominguez Family Mexican Restaurant
3313 E 50th St, Minneapolis, MN 55417
Fat Lorenzo's
5600 Cedar Ave S, Minneapolis, MN 55417
Andale Taqueria Y Mercado
7700 Nicollet Ave, Minneapolis, MN 55423 (2.3 miles away)
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