Interested in purchasing investment houses in the 55437 zip code in Minneapolis, MN?
The zip code 55437 is in Hennepin county with a latitude of -93.345250000000 and longitude of 44.824640000000, is in the state of Minnesota. The average asking price of houses and condos is $215,077.00 and the average sale price was $215,661.00. 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' 28.704" N, 93° 20' 42.9" W. The county F.I.P.S. is 27053. The total land area is 6.6 square miles and the water area is 0.4 square miles. The elevation in this area is 810 - 866 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55437 is in county number 053 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 18,333 in 2019 and 17,484 in 2010. This further breaks down to 9,013 males (49.2%) and 9,319 females (50.8%). The median age of residents is 45.4 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 2,794. This zip code has a combined total of 8,430 houses and condos. There are 2,357 rented appartments. 29% of residents rent versus the 29% 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 $78,542 and the average salary is $60,461. The median household income of individuals is $75,247.00 and the average is $87,300.00. This zip code has a mean commute time to work of 21.1 minutes. The unemployment rate is 1.7%. Income earners by percent breakdown as 29.40% (Under $50,000), 35.80% ($50,000-$100,000), and 34.80% earn over $100,000. 4.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 113.6. The educational breakdown is 95.8% have a high school education or higher, 50.6% have a bachelor's degree or higher, and 18.7% have some kind of profesional degree.
This area has 7,816 households and the average size is 2.3 people. Individuals who are single and have never been married are 30.5%, 52.9% are now married, 0.4% are separated, 6.0% are widowed, and 10.3% are divorced. The average yearly contribution amount given by people to charity was $5,627 versus the state average of $3,948. The percent of residents who gave to charity was 42.3%.
The estimated median value of houses and condos is $302,643. The median monthly owner costs of mortgage holders was $1,836, where as the costs for those who don't have a mortgage are $668. The median number of rooms in houses and condos are 7.4 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $3,492. 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 $3,438. 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 $3,629. Reported taxable interest for persons was $1,842, dividends $5,099, capital gains +$10,700, and itemized deductions $26,058. The average earned income tax credit is $1,779. The percent of individuals that use a tax preparer is 52.0%. The total average income taxes paid by individuals was $10,754. Businesses reported an average profit of $17,887.
Ciao Bella
3501 Minnesota Dr, Minneapolis, MN 55435 (3.4 miles away)
Lions Tap
16180 Flying Cloud Dr, Eden Prairie, MN 55347 (4.2 miles away)
Spice Thai Cuisine
3989 W County Road 42, Savage, MN 55378 (4.5 miles away)
Campiello
6411 City West Pkwy, Eden Prairie, MN 55344 (4.6 miles away)
Twin City Grill
130 N Garden, Minneapolis, MN 55425 (5.9 miles away)
Andale Taqueria Y Mercado
7700 Nicollet Ave, Minneapolis, MN 55423 (5.9 miles away)
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