Interested in purchasing investment houses in the 56027 zip code in Elmore, MN?
The zip code 56027 is in both Faribault and Martin counties with a latitude of -94.119660000000 and longitude of 43.511510000000, is in the state of Minnesota. The average asking price of houses and condos is $150,000.00 and the average sale price was $166,560.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 43° 30' 41.436" N, 94° 7' 10.776" W. The county F.I.P.S. is 27043. The total land area is 78.0 square miles and the water area is 0.1 square miles. The elevation in this area is 1073 - 1155 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56027 is in county number 091 and is L. Sector 95, L. Segment 22, H. Sector 22, and H. Segment 22. The population was 683 in 2019 and 969 in 2010. This further breaks down to 341 males (50.0%) and 341 females (50.0%). The median age of residents is 47.7 years. The population density (people per square mile) is 9. This zip code has a combined total of 468 houses and condos. There are 63 rented appartments. 19% of residents rent versus the 19% 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 $49,016 and the average salary is $28,323. The median household income of individuals is $34,907.00 and the average is $47,890.00. This zip code has a mean commute time to work of 21.8 minutes. The unemployment rate is 4.6%. Income earners by percent breakdown as 67.80% (Under $50,000), 25.70% ($50,000-$100,000), and 6.50% earn over $100,000. 12.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 84.1. The educational breakdown is 90.8% have a high school education or higher, 14.2% have a bachelor's degree or higher, and 1.7% have some kind of profesional degree.
This area has 406 households and the average size is 2.0 people. Individuals who are single and have never been married are 31.3%, 41.5% are now married, 1.3% are separated, 6.7% are widowed, and 19.1% are divorced. The average yearly contribution amount given by people to charity was $4,200 versus the state average of $3,948. The percent of residents who gave to charity was 10.5%.
The estimated median value of houses and condos is $55,287. The median monthly owner costs of mortgage holders was $925, where as the costs for those who don't have a mortgage are $376. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.7.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $982. 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 1.7% which amounted to an average tax amount of $972. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.9% which amounted to an average tax amount of $994. Reported taxable interest for persons was $814, dividends $2,150, capital gains +$740, and itemized deductions $20,314. The average earned income tax credit is $2,178. The percent of individuals that use a tax preparer is 78.9%. The total average income taxes paid by individuals was $7,571. Businesses reported an average profit of $7,180.
Wildcat Cafe
203 E Willis St, Elmore, MN 56027
Ledyard Bar
203 Edmunds St, Ledyard, IA 50556 (6.5 miles away)
Country Kitchen
1430 Giant Dr, Blue Earth, MN 56013 (8.3 miles away)
Julie's
115 W 3rd St Apt 17, Frost, MN 56033 (8.7 miles away)
Clarks's Cafe & Bakery
405 Smith St, Lakota, IA 50451 (8.7 miles away)
Oranges
309 5th Ave SW, Buffalo Center, IA 50424 (13 miles away)
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