Interested in purchasing investment houses in the 55427 zip code in Minneapolis, MN?
The zip code 55427 is in Hennepin county with a latitude of -93.380220000000 and longitude of 45.006280000000, is in the state of Minnesota. The average asking price of houses and condos is $184,521.00 and the average sale price was $209,939.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 763 area code. The location in degrees is 45° 0' 22.608" N, 93° 22' 48.792" W. The county F.I.P.S. is 27053. This zip code contains three cities including Golden Valley, MN (52.08%), New Hope, MN (28.77%), and Crystal, MN (19.15%) The total land area is 7.2 square miles and the water area is 0.1 square miles. The elevation in this area is 886 - 915 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55427 is in county number 053 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 22,893 in 2019 and 22,919 in 2010. This further breaks down to 10,831 males (47.3%) and 12,062 females (52.7%). The median age of residents is 40.7 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 3,182. This zip code has a combined total of 10,155 houses and condos. There are 2,792 rented appartments. 28% of residents rent versus the 28% 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 $61,776 and the average salary is $55,837. The median household income of individuals is $69,854.00 and the average is $71,260.00. This zip code has a mean commute time to work of 23.6 minutes. The unemployment rate is 1.7%. Income earners by percent breakdown as 31.90% (Under $50,000), 39.80% ($50,000-$100,000), and 28.30% earn over $100,000. 5.4% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 112.4. The educational breakdown is 96.6% have a high school education or higher, 47.9% have a bachelor's degree or higher, and 15.9% have some kind of profesional degree.
This area has 9,750 households and the average size is 2.3 people. Individuals who are single and have never been married are 33.6%, 48.7% are now married, 0.9% are separated, 6.4% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $3,240 versus the state average of $3,948. The percent of residents who gave to charity was 37.5%.
The estimated median value of houses and condos is $269,360. The median monthly owner costs of mortgage holders was $1,694, where as the costs for those who don't have a mortgage are $591. The median number of rooms in houses and condos are 7.2 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 $3,470. 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 $3,474. 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 $3,476. Reported taxable interest for persons was $1,239, dividends $4,096, capital gains +$8,073, and itemized deductions $20,493. The average earned income tax credit is $1,834. The percent of individuals that use a tax preparer is 47.1%. The total average income taxes paid by individuals was $8,733. Businesses reported an average profit of $12,310.
Latuff's Pizzeria
10820 Highway 55, Minneapolis, MN 55441 (1.4 miles away)
Travail Kitchen and Amusements
4124 W Broadway Ave, Minneapolis, MN 55422 (2.5 miles away)
Sunshine Factory Bar & Grill
4100 Vinewood Ln N, Minneapolis, MN 55442 (3.8 miles away)
Romano's Macaroni Grill
11390 Wayzata Blvd, Hopkins, MN 55305 (4 miles away)
Kai & I - Fresh Asian Fare
3355 Plymouth Blvd, Plymouth, MN 55447 (4.7 miles away)
Oyama
4130 Berkshire Ln N, Minneapolis, MN 55446 (5.4 miles away)
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