Interested in purchasing investment houses in the 55431 zip code in Minneapolis, MN?
The zip code 55431 is in Hennepin county with a latitude of -93.312430000000 and longitude of 44.826050000000, is in the state of Minnesota. The average asking price of houses and condos is $238,571.00 and the average sale price was $192,068.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 952 area code. The location in degrees is 44° 49' 33.78" N, 93° 18' 44.748" W. The county F.I.P.S. is 27053. The total land area is 8.0 square miles and the water area is 0.2 square miles. The elevation in this area is 778 - 856 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55431 is in county number 053 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 18,474 in 2019 and 18,435 in 2010. This further breaks down to 8,766 males (47.5%) and 9,708 females (52.5%). The median age of residents is 44.6 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 2,315. This zip code has a combined total of 8,318 houses and condos. There are 2,436 rented appartments. 30% of residents rent versus the 30% 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 $65,655 and the average salary is $53,590. The median household income of individuals is $72,224.00 and the average is $72,790.00. This zip code has a mean commute time to work of 22.6 minutes. The unemployment rate is 2.2%. Income earners by percent breakdown as 32.00% (Under $50,000), 37.40% ($50,000-$100,000), and 30.50% earn over $100,000. 4.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 113.3. The educational breakdown is 96.5% have a high school education or higher, 45.5% have a bachelor's degree or higher, and 13.7% have some kind of profesional degree.
This area has 7,914 households and the average size is 2.3 people. Individuals who are single and have never been married are 29.0%, 52.4% are now married, 0.8% are separated, 6.4% are widowed, and 11.5% are divorced. The average yearly contribution amount given by people to charity was $3,710 versus the state average of $3,948. The percent of residents who gave to charity was 38.4%.
The estimated median value of houses and condos is $284,177. The median monthly owner costs of mortgage holders was $1,780, where as the costs for those who don't have a mortgage are $593. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 3.7.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $3,282. 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 $3,331. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $3,190. Reported taxable interest for persons was $1,507, dividends $5,093, capital gains +$6,780, and itemized deductions $22,933. The average earned income tax credit is $1,773. The percent of individuals that use a tax preparer is 50.6%. The total average income taxes paid by individuals was $8,768. Businesses reported an average profit of $13,669.
Ciao Bella
3501 Minnesota Dr, Minneapolis, MN 55435 (3.3 miles away)
Twin City Grill
130 N Garden, Minneapolis, MN 55425 (3.8 miles away)
Andale Taqueria Y Mercado
7700 Nicollet Ave, Minneapolis, MN 55423 (4.3 miles away)
Spice Thai Cuisine
3989 W County Road 42, Savage, MN 55378 (4.9 miles away)
Chianti Grill
14296 Plymouth Ave, Burnsville, MN 55337 (5 miles away)
Broders' Pasta Bar
5000 Penn Ave S, Minneapolis, MN 55419 (5.2 miles away)
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