Interested in purchasing investment houses in the 56088 zip code in Truman, MN?
The zip code 56088 is in both Martin and Watonwan counties with a latitude of -94.445620000000 and longitude of 43.826130000000, is in the state of Minnesota. The average asking price of houses and condos is $67,500.00 and the average sale price was $35,000.00. this regions is classified as the Mankato metro area and is in the 507 area code. The location in degrees is 43° 49' 34.068" N, 94° 26' 44.232" W. The county F.I.P.S. is 27091. The total land area is 125.5 square miles and the water area is 0.7 square miles. The elevation in this area is 1076 - 1165 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56088 is in county number 165 and is L. Sector 92, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,786 in 2019 and 1,946 in 2010. This further breaks down to 871 males (48.8%) and 915 females (51.2%). The median age of residents is 52.0 years. The population of the greater Fairmont, MN area is 20,369. The population density (people per square mile) is 14. This zip code has a combined total of 934 houses and condos. There are 190 rented appartments. 23% of residents rent versus the 23% 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 $54,852 and the average salary is $34,829. The median household income of individuals is $43,953.00 and the average is $54,820.00. This zip code has a mean commute time to work of 21.7 minutes. The unemployment rate is 1.0%. Income earners by percent breakdown as 56.60% (Under $50,000), 33.90% ($50,000-$100,000), and 9.50% earn over $100,000. 6.9% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.3. The educational breakdown is 92.2% have a high school education or higher, 14.6% have a bachelor's degree or higher, and 4.2% have some kind of profesional degree.
This area has 814 households and the average size is 2.1 people. Individuals who are single and have never been married are 22.4%, 60.6% are now married, 1.5% are separated, 7.8% are widowed, and 7.6% are divorced. The average yearly contribution amount given by people to charity was $4,119 versus the state average of $3,948. The percent of residents who gave to charity was 16.3%.
The estimated median value of houses and condos is $112,676. The median monthly owner costs of mortgage holders was $1,080, where as the costs for those who don't have a mortgage are $436. The median number of rooms in houses and condos are 7.0 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 $1,041. 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 $994. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.0% which amounted to an average tax amount of $1,105. Reported taxable interest for persons was $1,042, dividends $5,387, capital gains +$15,079, and itemized deductions $19,618. The average earned income tax credit is $2,057. The percent of individuals that use a tax preparer is 71.4%. The total average income taxes paid by individuals was $7,195. Businesses reported an average profit of $8,438.
Aardvark's Bar & Grill
209 N 5th Ave E, Truman, MN 56088
China House Cafe
137 W Ciro St, Truman, MN 56088
Truman Cafe
137 W Ciro St, Truman, MN 56088
Americana Cafe
233 Lewis St W, Lewisville, MN 56060 (7 miles away)
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