Interested in purchasing investment houses in the 56097 zip code in Wells, MN?
The zip code 56097 is in both Faribault and Waseca counties with a latitude of -93.716290000000 and longitude of 43.724040000000, is in the state of Minnesota. The average asking price of houses and condos is $78,189.00 and the average sale price was $162,102.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 43° 43' 26.544" N, 93° 42' 58.644" W. The county F.I.P.S. is 27043. This zip code contains three cities including Wells, MN (1.07%), Walters, MN (0.11%), and Freeborn, MN (0.00%) The total land area is 184.0 square miles and the water area is 2.5 square miles. The elevation in this area is 1063 - 1293 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56097 is in county number 161 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 3,732 in 2019 and 3,715 in 2010. This further breaks down to 1,894 males (50.8%) and 1,837 females (49.2%). The median age of residents is 45.4 years. The population density (people per square mile) is 20. This zip code has a combined total of 1,740 houses and condos. There are 261 rented appartments. 17% of residents rent versus the 17% 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 $46,012 and the average salary is $34,566. The median household income of individuals is $38,183.00 and the average is $51,110.00. This zip code has a mean commute time to work of 21.4 minutes. The unemployment rate is 3.0%. Income earners by percent breakdown as 61.70% (Under $50,000), 29.80% ($50,000-$100,000), and 8.40% earn over $100,000. 10.8% 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 90.0% have a high school education or higher, 19.4% have a bachelor's degree or higher, and 4.4% have some kind of profesional degree.
This area has 1,570 households and the average size is 2.4 people. Individuals who are single and have never been married are 24.8%, 57.7% are now married, 0.8% are separated, 9.0% are widowed, and 7.6% are divorced. The average yearly contribution amount given by people to charity was $3,180 versus the state average of $3,948. The percent of residents who gave to charity was 16.7%.
The estimated median value of houses and condos is $109,580. The median monthly owner costs of mortgage holders was $1,048, where as the costs for those who don't have a mortgage are $444. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 4.8.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,174. 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 $1,227. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $1,118. Reported taxable interest for persons was $1,189, dividends $2,036, capital gains +$10,761, and itemized deductions $18,973. The average earned income tax credit is $1,907. The percent of individuals that use a tax preparer is 68.3%. The total average income taxes paid by individuals was $6,995. Businesses reported an average profit of $8,746.
Wildcats Bar & Grill
37 S Broadway, Wells, MN 56097
R & R Roadhouse Bar & Grill
218 Main St, Walters, MN 56097
R & R Roadhouse Bar & Grill
61733 180th St, Walters, MN 56097
St Casimir's Dining Hall
300 2nd Ave SW, Wells, MN 56097
Jake's Pizza
24 W Franklin St, Wells, MN 56097
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