Interested in purchasing investment houses in the 56031 zip code in Fairmont, MN?
The zip code 56031 is in Martin county with a latitude of -94.467430000000 and longitude of 43.622180000000, is in the state of Minnesota. The average asking price of houses and condos is $119,844.00 and the average sale price was $174,772.00. this regions is classified as the Mankato metro area and is in the 507 area code. The location in degrees is 43° 37' 19.848" N, 94° 28' 2.748" W. The county F.I.P.S. is 27091. This zip code contains two cities including Fairmont, MN (10.38%), and Northrop, MN (0.05%) The total land area is 156.0 square miles and the water area is 7.1 square miles. The elevation in this area is 1132 - 1253 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56031 is in county number 109 and is L. Sector 93, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 11,930 in 2019 and 12,401 in 2010. Of this, the break down in 2019 was 9,582 urban and 2,347 rural. This further breaks down to 6,083 males (51.0%) and 5,847 females (49.0%). The median age of residents is 45.2 years. The population of the greater Fairmont, MN area is 20,369. The population density (people per square mile) is 76. This zip code has a combined total of 5,917 houses and condos. There are 1,633 rented appartments. 31% of residents rent versus the 31% 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 $56,817 and the average salary is $40,738. The median household income of individuals is $44,053.00 and the average is $76,280.00. This zip code has a mean commute time to work of 13.9 minutes. The unemployment rate is 4.1%. Income earners by percent breakdown as 55.30% (Under $50,000), 35.00% ($50,000-$100,000), and 9.60% earn over $100,000. 15.5% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 76.2. The educational breakdown is 94.0% have a high school education or higher, 24.0% have a bachelor's degree or higher, and 6.9% have some kind of profesional degree.
This area has 5,488 households and the average size is 2.2 people. Individuals who are single and have never been married are 23.4%, 52.7% are now married, 0.9% are separated, 9.7% are widowed, and 13.2% are divorced. The average yearly contribution amount given by people to charity was $5,497 versus the state average of $3,948. The percent of residents who gave to charity was 21.6%.
The estimated median value of houses and condos is $150,160. The median monthly owner costs of mortgage holders was $1,049, where as the costs for those who don't have a mortgage are $438. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,422. 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 0.9% which amounted to an average tax amount of $1,519. 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 $1,283. Reported taxable interest for persons was $2,302, dividends $5,278, capital gains +$11,882, and itemized deductions $24,411. The average earned income tax credit is $1,954. The percent of individuals that use a tax preparer is 67.0%. The total average income taxes paid by individuals was $10,249. Businesses reported an average profit of $11,454.
Ambiance on Albion - Taphouse and Grill
2321 Albion Ave, Fairmont, MN 56031
Channel Inn
330 W Lair Rd, Fairmont, MN 56031
The Ranch Restaurant
1330 N State St, Fairmont, MN 56031
Perkins Restaurant & Bakery
2220 N State St, Fairmont, MN 56031
Green Mill Restaurant & Bar
1201 Torgerson Dr, Fairmont, MN 56031
Edie's Restaurant
110 W 1st St, Fairmont, MN 56031
El Mariachi Mexican Restaurant
62 Downtown Plz, Fairmont, MN 56031
Comida Vida Inc
905 E 4th St, Fairmont, MN 56031
Figueroa's Mexican Store
500 Downtown Plz, Fairmont, MN 56031
Asian Palace
1153 Highway 15 S, Fairmont, MN 56031
China Buffet
314 S State St, Fairmont, MN 56031
Brewkaz Coffeehouse & Cafe
312 S State St, Fairmont, MN 56031
Sirloin House
Fairmont, MN 56031
The Downtowner Bakery & Coffee Shoppe
214 Downtown Plz, Fairmont, MN 56031
Graffiti Corner
1500 S State St, Fairmont, MN 56031
Caribou Coffee
907 S State St, Fairmont, MN 56031
Peet's Coffee & Tea
907 S State St, Fairmont, MN 56031
Peet's Coffee & Tea
1250 Goemann Rd, Fairmont, MN 56031
Taco John's
901 E Blue Earth Ave, Fairmont, MN 56031
Caseys Carryout Pizza
112 2nd St, Welcome, MN 56181 (7.2 miles away)
Granada Bar & Grill
125 S Main St, Granada, MN 56039 (7.7 miles away)
Aardvark's Bar & Grill
209 N 5th Ave E, Truman, MN 56088 (12.6 miles away)
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