Interested in purchasing investment houses in the 56087 zip code in Springfield, MN?
The zip code 56087 is in both Brown and Redwood counties with a latitude of -94.974560000000 and longitude of 44.240090000000, is in the state of Minnesota. The average asking price of houses and condos is $56,875.00 and the average sale price was $172,937.00. this regions is classified as the Mankato metro area and is in the 507 area code. The location in degrees is 44° 14' 24.324" N, 94° 58' 28.416" W. The county F.I.P.S. is 27015. The total land area is 146.6 square miles and the water area is 0.4 square miles. The elevation in this area is 1040 - 1158 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56087 is in county number 127 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,984 in 2019 and 3,179 in 2010. This further breaks down to 1,505 males (50.5%) and 1,478 females (49.5%). The median age of residents is 47.7 years. The population of the greater New Ulm, MN area is 25,821. The population density (people per square mile) is 20. This zip code has a combined total of 1,486 houses and condos. There are 258 rented appartments. 20% of residents rent versus the 20% 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 $51,179 and the average salary is $36,651. The median household income of individuals is $41,463.00 and the average is $56,570.00. This zip code has a mean commute time to work of 17.3 minutes. The unemployment rate is 1.1%. Income earners by percent breakdown as 63.80% (Under $50,000), 28.50% ($50,000-$100,000), and 7.80% earn over $100,000. 5.0% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.5. The educational breakdown is 93.6% have a high school education or higher, 18.8% have a bachelor's degree or higher, and 3.9% have some kind of profesional degree.
This area has 1,308 households and the average size is 2.3 people. Individuals who are single and have never been married are 20.6%, 59.2% are now married, 1.5% are separated, 8.1% are widowed, and 10.7% are divorced. The average yearly contribution amount given by people to charity was $3,696 versus the state average of $3,948. The percent of residents who gave to charity was 17.7%.
The estimated median value of houses and condos is $125,502. The median monthly owner costs of mortgage holders was $987, where as the costs for those who don't have a mortgage are $483. The median number of rooms in houses and condos are 7.3 versus apartments which had a median number of 5.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,133. 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 $1,210. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.7% which amounted to an average tax amount of $1,037. Reported taxable interest for persons was $1,137, dividends $2,719, capital gains +$9,841, and itemized deductions $19,263. The average earned income tax credit is $2,250. The percent of individuals that use a tax preparer is 76.2%. The total average income taxes paid by individuals was $7,459. Businesses reported an average profit of $10,435.
Tommy's Central Street Steak House
8 W Central St, Springfield, MN 56087
Expressway Springfield
11 E Rock St, Springfield, MN 56087
Fritz's Place
15 S Marshall Ave, Springfield, MN 56087
Outlaws Bar & Grill
404 N Washington Ave, Springfield, MN 56087
Pizza Ranch
18 S Marshall Ave, Springfield, MN 56087
Hot Stuff Pizza Buffet
1035 Central St, Springfield, MN 56087
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