Interested in purchasing investment houses in the 56007 zip code in Albert Lea, MN?
The zip code 56007 is in Freeborn county with a latitude of -93.325260000000 and longitude of 43.660360000000, is in the state of Minnesota. The average asking price of houses and condos is $132,938.00 and the average sale price was $139,576.00. 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° 39' 37.296" N, 93° 19' 30.936" W. The county F.I.P.S. is 27047. This zip code contains three cities including Albert Lea, MN (8.20%), Manchester, MN (0.04%), and Glenville, MN (0.00%) The total land area is 169.1 square miles and the water area is 6.9 square miles. The elevation in this area is 1201 - 1332 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56007 is in county number 047 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 21,304 in 2019 and 21,228 in 2010. Of this, the break down in 2019 was 17,975 urban and 3,328 rural. This further breaks down to 10,278 males (48.2%) and 11,026 females (51.8%). The median age of residents is 43.6 years. The population of the greater Albert Lea, MN area is 30,910. The population density (people per square mile) is 126. This zip code has a combined total of 10,085 houses and condos. There are 2,528 rented appartments. 28% of residents rent versus the 28% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $47,220 and the average salary is $38,929. The median household income of individuals is $44,689.00 and the average is $55,720.00. This zip code has a mean commute time to work of 17.5 minutes. The unemployment rate is 3.5%. Income earners by percent breakdown as 56.40% (Under $50,000), 33.00% ($50,000-$100,000), and 10.60% earn over $100,000. 11.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 75.4. The educational breakdown is 86.9% have a high school education or higher, 17.6% have a bachelor's degree or higher, and 5.2% have some kind of profesional degree.
This area has 9,065 households and the average size is 2.3 people. Individuals who are single and have never been married are 28.6%, 50.8% are now married, 1.0% are separated, 8.0% are widowed, and 11.6% are divorced. The average yearly contribution amount given by people to charity was $3,811 versus the state average of $3,948. The percent of residents who gave to charity was 20.4%.
The estimated median value of houses and condos is $119,863. The median monthly owner costs of mortgage holders was $1,039, where as the costs for those who don't have a mortgage are $411. The median number of rooms in houses and condos are 6.3 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,298. 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 $1,302. 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 $1,298. Reported taxable interest for persons was $1,560, dividends $3,642, capital gains +$13,274, and itemized deductions $21,355. The average earned income tax credit is $2,053. The percent of individuals that use a tax preparer is 66.5%. The total average income taxes paid by individuals was $8,479. Businesses reported an average profit of $10,291.
Abrego's Cafe
120 S Washington Ave, Albert Lea, MN 56007
Crescendo Exquisite Food & Fine Wines
118 S Broadway Ave, Albert Lea, MN 56007
Big Island Grille
2306 E Main St, Albert Lea, MN 56007
Mamaseeta Inc
916 S Broadway Ave, Albert Lea, MN 56007
B & J Bar
112 N 4th Ave, Albert Lea, MN 56007
Piggy Blues Bar-B-Que
2558 Bridge Ave, Albert Lea, MN 56007
Harold's Bar
1318 E Main St, Albert Lea, MN 56007
Plaza Morena Restaurant
2588 Bridge Ave, Albert Lea, MN 56007
Village Inn
1811 E Main St, Albert Lea, MN 56007
Perkins Restaurant & Bakery
2215 E Main St, Albert Lea, MN 56007
Grandma's Kitchen
115 E Clark St, Albert Lea, MN 56007
Iron Skillet
820 Happy Trails Ln, Albert Lea, MN 56007
Petro Travel Center
820 Happy Trails Ln, Albert Lea, MN 56007
Crescendo Exquisite Food & Fine Wines
118 S Broadway Ave, Albert Lea, MN 56007
Main Street Family Restaurant
2306 E Main St, Albert Lea, MN 56007
Nasty Habit
134 W William St, Albert Lea, MN 56007
Dq
2530 Bridge Ave, Albert Lea, MN 56007
Diana's Diner
522 S Broadway Ave, Albert Lea, MN 56007
Trumble's Restaurant
1811 E Main St, Albert Lea, MN 56007
Fieldstone Restaurant Corp
1637 W Main St, Albert Lea, MN 56007
Korner Kafe
101 E Front St, Hayward, MN 56043 (6.7 miles away)
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