Interested in purchasing investment houses in the 55940 zip code in Hayfield, MN?
The zip code 55940 is in both Dodge and Olmsted counties with a latitude of -92.804230000000 and longitude of 43.894910000000, is in the state of Minnesota. The average asking price of houses and condos is $114,000.00 and the average sale price was $124,546.00. 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° 53' 41.676" N, 92° 48' 15.228" W. The county F.I.P.S. is 27039. The total land area is 90.6 square miles and the water area is 0.0 square miles. The elevation in this area is 1221 - 1352 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55940 is in county number 109 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,869 in 2019 and 2,666 in 2010. This further breaks down to 1,407 males (49.1%) and 1,462 females (50.9%). The median age of residents is 40.0 years. The population of the greater Rochester, MN area is 187,758. The population density (people per square mile) is 32. This zip code has a combined total of 1,191 houses and condos. There are 236 rented appartments. 21% of residents rent versus the 21% 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 $55,454 and the average salary is $43,259. The median household income of individuals is $55,891.00 and the average is $63,630.00. This zip code has a mean commute time to work of 26.8 minutes. The unemployment rate is 2.1%. Income earners by percent breakdown as 43.60% (Under $50,000), 41.20% ($50,000-$100,000), and 15.20% earn over $100,000. 6.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 86.1. The educational breakdown is 95.6% have a high school education or higher, 25.9% have a bachelor's degree or higher, and 7.0% have some kind of profesional degree.
This area has 1,010 households and the average size is 2.5 people. Individuals who are single and have never been married are 29.4%, 52.2% are now married, 0.9% are separated, 7.6% are widowed, and 9.9% are divorced. The average yearly contribution amount given by people to charity was $2,797 versus the state average of $3,948. The percent of residents who gave to charity was 29.8%.
The estimated median value of houses and condos is $182,338. The median monthly owner costs of mortgage holders was $1,458, where as the costs for those who don't have a mortgage are $477. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $1,867. 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 $1,936. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $1,568. Reported taxable interest for persons was $1,133, dividends $1,591, capital gains +$7,200, and itemized deductions $19,829. The average earned income tax credit is $1,778. The percent of individuals that use a tax preparer is 70.2%. The total average income taxes paid by individuals was $7,184. Businesses reported an average profit of $8,265.
Oaks Supper Club & Banquet
Hayfield, MN 55940
Uncle Mony's Restaurant
18 2nd St NE, Hayfield, MN 55940
Marv's Bar
4 Center Ave N, Hayfield, MN 55940
A&W All-American Food
720 2nd St NW, Hayfield, MN 55940
Casey's Carryout Pizza
720 2nd St NW, Hayfield, MN 55940
The Port
101 Main St NE, Sargeant, MN 55973 (6.4 miles away)
Cheers of Waltham Bar and Grill
215 Main St S, Waltham, MN 55982 (6.5 miles away)
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