Interested in purchasing investment houses in the 55902 zip code in Rochester, MN?
The zip code 55902 is in Olmsted county with a latitude of -92.515970000000 and longitude of 43.967210000000, is in the state of Minnesota. The average asking price of houses and condos is $250,130.00 and the average sale price was $199,881.00. this regions is classified as the Rochester - Mason City - Austin metro area and is in the 507 area code. The location in degrees is 43° 58' 1.956" N, 92° 30' 57.492" W. The county F.I.P.S. is 27109. The total land area is 40.6 square miles and the water area is 0.1 square miles. The elevation in this area is 1030 - 1250 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55902 is in county number 109 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 25,339 in 2019 and 21,968 in 2010. Of this, the break down in 2019 was 22,318 urban and 3,020 rural. This further breaks down to 12,235 males (48.3%) and 13,103 females (51.7%). The median age of residents is 39.5 years. The population of the greater Rochester, MN area is 187,758. The population density (people per square mile) is 625. This zip code has a combined total of 10,924 houses and condos. There are 3,066 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 $113,908 and the average salary is $99,018. The median household income of individuals is $80,623.00 and the average is $142,440.00. This zip code has a mean commute time to work of 16.8 minutes. The unemployment rate is 2.7%. Income earners by percent breakdown as 27.60% (Under $50,000), 32.10% ($50,000-$100,000), and 40.30% earn over $100,000. 6.4% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 105.6. The educational breakdown is 98.6% have a high school education or higher, 62.0% have a bachelor's degree or higher, and 33.0% have some kind of profesional degree.
This area has 9,027 households and the average size is 2.4 people. Individuals who are single and have never been married are 28.9%, 58.5% are now married, 0.3% are separated, 4.2% are widowed, and 8.0% are divorced. The average yearly contribution amount given by people to charity was $5,516 versus the state average of $3,948. The percent of residents who gave to charity was 45.1%.
The estimated median value of houses and condos is $334,046. The median monthly owner costs of mortgage holders was $1,917, where as the costs for those who don't have a mortgage are $645. The median number of rooms in houses and condos are 8.2 versus apartments which had a median number of 3.6.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $3,523. 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 1.0% which amounted to an average tax amount of $3,746. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $3,234. Reported taxable interest for persons was $2,046, dividends $8,576, capital gains +$13,653, and itemized deductions $34,072. The average earned income tax credit is $1,782. The percent of individuals that use a tax preparer is 57.6%. The total average income taxes paid by individuals was $16,202. Businesses reported an average profit of $16,760.
Melissa's On 2nd
723 2nd St SW, Rochester, MN 55902
Victoria's Ristorante & Wine Bar
7 1st Ave SW, Rochester, MN 55902
Sontes
4 3rd St SW, Rochester, MN 55902
The Tap House
10 3rd St SW, Rochester, MN 55902
Newts
216 1st Ave SW, Rochester, MN 55902
Martini's
20 2nd Ave SW, Rochester, MN 55902
Lord Essex The Steakhouse
20 2nd Ave SW, Rochester, MN 55902
Twigs Tavern & Grille
401 6th St SW, Rochester, MN 55902
Grand Grill
20 2nd Ave SW, Rochester, MN 55902
Bleu Duck Kitchen
14 4th St SW, Rochester, MN 55902
Mcgoons Taxi Co Pub & Restaurant
7 2nd St SW, Rochester, MN 55902
Pasquale's Neighborhood Pizzeria
130 5th St SW, Rochester, MN 55902
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