Interested in purchasing investment houses in the 56054 zip code in Lafayette, MN?
The zip code 56054 is in both Nicollet and Sibley counties with a latitude of -94.373770000000 and longitude of 44.435190000000, is in the state of Minnesota. The average asking price of houses and condos is $75,000.00 and the average sale price was $34,000.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 44° 26' 6.684" N, 94° 22' 25.572" W. The county F.I.P.S. is 27103. The total land area is 59.5 square miles and the water area is 0.0 square miles. The elevation in this area is 968 - 1050 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56054 is in county number 143 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,065 in 2019 and 923 in 2010. This further breaks down to 534 males (50.2%) and 530 females (49.8%). The median age of residents is 35.5 years. The population of the greater Mankato-North Mankato, MN area is 94,122. The population density (people per square mile) is 18. This zip code has a combined total of 442 houses and condos. There are 45 rented appartments. 11% of residents rent versus the 11% 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 $46,443 and the average salary is $36,859. The median household income of individuals is $52,829.00 and the average is $57,480.00. This zip code has a mean commute time to work of 23.6 minutes. The unemployment rate is 0.8%. Income earners by percent breakdown as 45.40% (Under $50,000), 41.00% ($50,000-$100,000), and 13.60% earn over $100,000. 3.2% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.5. The educational breakdown is 96.5% have a high school education or higher, 19.0% have a bachelor's degree or higher, and 3.6% have some kind of profesional degree.
This area has 388 households and the average size is 2.6 people. Individuals who are single and have never been married are 33.3%, 57.7% are now married, 0.4% are separated, 2.9% are widowed, and 5.7% are divorced. The average yearly contribution amount given by people to charity was $2,250 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 $135,565. The median monthly owner costs of mortgage holders was $1,207, where as the costs for those who don't have a mortgage are $481. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 5.5.
The real estate tax percent rate is 1.2% which equated to an average real estate tax amount payment of $1,655. 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 1.1% which amounted to an average tax amount of $1,546. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,802. Reported taxable interest for persons was $1,039, dividends $1,208, capital gains +$2,056, and itemized deductions $15,967. The average earned income tax credit is $1,783. The percent of individuals that use a tax preparer is 73.5%. The total average income taxes paid by individuals was $6,833. Businesses reported an average profit of $6,700.
George's Fine Steaks & Spirits
301 N Minnesota St, New Ulm, MN 56073 (7.2 miles away)
Fresh Bistro
123 Meyers St, Courtland, MN 56021 (9.9 miles away)
Carmelitas Mexican Restaurant
112 E 2nd St, Winthrop, MN 55396 (10 miles away)
Carl's Corner
Essig, MN 56030 (10.1 miles away)
Hebrews Coffee House & Youth Center
1053 1st Ave, Gibbon, MN 55335 (11.9 miles away)
Ej's Bar
450 Main Ave, Gaylord, MN 55334 (15.3 miles away)
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