Interested in purchasing investment houses in the 55738 zip code in Forbes, MN?
The zip code 55738 is in Saint Louis county with a latitude of -92.672360000000 and longitude of 47.274340000000, is in the state of Minnesota. The average asking price of houses and condos is $52,400.00 and the average sale price was $118,667.00. this regions is classified as the Duluth - Superior metro area and is in the 218 area code. The location in degrees is 47° 16' 27.624" N, 92° 40' 20.496" W. The county F.I.P.S. is 27137. The total land area is 108.7 square miles and the water area is 1.6 square miles. The elevation in this area is 1283 - 1362 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55738 is in county number 137 and is L. Sector 03, L. Segment 01, H. Sector 76, and H. Segment 76. The population was 519 in 2019 and 544 in 2010. This further breaks down to 282 males (54.5%) and 236 females (45.5%). The median age of residents is 53.6 years. The population of the greater Duluth, MN-WI area is 275,286. The population density (people per square mile) is 5. This zip code has a combined total of 277 houses and condos. There are 11 rented appartments. 5% of residents rent versus the 5% of residents in the state who rent.
The average individual gross adjusted income is $50,273 and the average salary is $45,568. The median household income of individuals is $50,000.00 and the average is $58,220.00. This zip code has a mean commute time to work of 34.2 minutes. The unemployment rate is 3.5%. Income earners by percent breakdown as 50.00% (Under $50,000), 44.40% ($50,000-$100,000), and 5.60% earn over $100,000. 6.9% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 87.6. The educational breakdown is 93.6% have a high school education or higher, 13.2% have a bachelor's degree or higher, and 5.8% have some kind of profesional degree.
This area has 221 households and the average size is 2.5 people. Individuals who are single and have never been married are 22.3%, 65.1% are now married, 0.2% are separated, 5.6% are widowed, and 6.8% are divorced. The average yearly contribution amount given by people to charity was $2,140 versus the state average of $3,948. The percent of residents who gave to charity was 19.2%.
The estimated median value of houses and condos is $130,036. The median monthly owner costs of mortgage holders was $1,268, where as the costs for those who don't have a mortgage are $390. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 0.5% which equated to an average real estate tax amount payment of $702. 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 0.5% which amounted to an average tax amount of $842. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $646. Reported taxable interest for persons was $156, dividends $533, capital gains +$100, and itemized deductions $17,443. The average earned income tax credit is $1,867. The percent of individuals that use a tax preparer is 53.8%. The total average income taxes paid by individuals was $5,871. Businesses reported an average profit of $4,000.
Royal Cafe
8880 Norway Ridge Rd, Forbes, MN 55738
King's Wok
8942 Highway 7, Kelsey, MN 55724 (14.1 miles away)
Boomtown Woodfire Eveleth
501 Hat Trick Ave, Eveleth, MN 55734 (14.1 miles away)
Country Kitchen
2520 E Beltline, Hibbing, MN 55746 (15.7 miles away)
Billy's Bar
124 State St, Buhl, MN 55713 (15.8 miles away)
Perkins Restaurant & Bakery
8586 Rock Ridge Dr, Mountain Iron, MN 55768 (16.8 miles away)
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