Interested in purchasing investment houses in the 55960 zip code in Oronoco, MN?
The zip code 55960 is in both Olmsted and Wabasha counties with a latitude of -92.537420000000 and longitude of 44.140750000000, is in the state of Minnesota. The average asking price of houses and condos is $289,714.00 and the average sale price was $213,000.00. this regions is classified as the Rochester - Mason City - Austin metro area and is in the 507 area code. The location in degrees is 44° 8' 26.7" N, 92° 32' 14.712" W. The county F.I.P.S. is 27109. This zip code contains three cities including Oronoco, MN (7.82%), Rochester, MN (0.52%), and Pine Island, MN (0.26%) The total land area is 35.6 square miles and the water area is 0.4 square miles. The elevation in this area is 1014 - 1142 feet. The zip code is on central standard time and observes daylight savings time.
The zip 55960 is in county number 157 and is L. Sector 95, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 3,286 in 2019 and 3,134 in 2010. This further breaks down to 1,576 males (48.0%) and 1,709 females (52.0%). The median age of residents is 45.8 years. The population of the greater Rochester, MN area is 187,758. The population density (people per square mile) is 92. This zip code has a combined total of 1,365 houses and condos. There are 85 rented appartments. 7% of residents rent versus the 7% 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 $78,863 and the average salary is $72,267. The median household income of individuals is $65,024.00 and the average is $101,660.00. This zip code has a mean commute time to work of 24.5 minutes. The unemployment rate is 0.6%. Income earners by percent breakdown as 34.20% (Under $50,000), 39.30% ($50,000-$100,000), and 26.60% earn over $100,000. 4.0% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 89.5. The educational breakdown is 97.7% have a high school education or higher, 43.2% have a bachelor's degree or higher, and 15.9% have some kind of profesional degree.
This area has 1,174 households and the average size is 2.6 people. Individuals who are single and have never been married are 17.8%, 68.6% are now married, 0.3% are separated, 2.7% are widowed, and 10.6% are divorced. The average yearly contribution amount given by people to charity was $3,791 versus the state average of $3,948. The percent of residents who gave to charity was 43.3%.
The estimated median value of houses and condos is $332,830. The median monthly owner costs of mortgage holders was $1,940, where as the costs for those who don't have a mortgage are $594. The median number of rooms in houses and condos are 7.8 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 1.0% which equated to an average real estate tax amount payment of $3,442. 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 $3,624. 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 $3,136. Reported taxable interest for persons was $1,014, dividends $2,406, capital gains +$9,245, and itemized deductions $24,366. The average earned income tax credit is $2,046. The percent of individuals that use a tax preparer is 58.0%. The total average income taxes paid by individuals was $11,004. Businesses reported an average profit of $15,065.
Tilly's American Trevelers RV Park
1175 Lake Shady Ave S, Oronoco, MN 55960
Black Bear Diner
3030 Black Bear Ln NW, Oronoco, MN 55960
Tilly's Bar & Grill
1175 Lake Shady Ave S, Oronoco, MN 55960
Douglas Saloon & Social Club
6460 75th St NW, Oronoco, MN 55960
Casey's Carryout Pizza
30 Energy Dr SW, Oronoco, MN 55960
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