Interested in purchasing investment houses in the 56150 zip code in Lakefield, MN?
The zip code 56150 is in Jackson county with a latitude of -95.211080000000 and longitude of 43.635590000000, is in the state of Minnesota. The average asking price of houses and condos is $94,350.00 and the average sale price was $218,144.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 43° 38' 8.124" N, 95° 12' 39.888" W. The county F.I.P.S. is 27063. The total land area is 171.5 square miles and the water area is 5.6 square miles. The elevation in this area is 1404 - 1545 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56150 is in county number 063 and is L. Sector 00, L. Segment 01, H. Sector 19, and H. Segment 19. The population was 2,705 in 2019 and 2,742 in 2010. This further breaks down to 1,315 males (48.6%) and 1,389 females (51.4%). The median age of residents is 38.2 years. The population density (people per square mile) is 16. This zip code has a combined total of 1,291 houses and condos. There are 217 rented appartments. 19% of residents rent versus the 19% 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 $49,518 and the average salary is $34,857. The median household income of individuals is $41,402.00 and the average is $53,870.00. This zip code has a mean commute time to work of 18.6 minutes. The unemployment rate is 2.7%. Income earners by percent breakdown as 61.00% (Under $50,000), 33.10% ($50,000-$100,000), and 5.80% earn over $100,000. 7.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 86.1. The educational breakdown is 92.1% have a high school education or higher, 18.0% have a bachelor's degree or higher, and 3.7% have some kind of profesional degree.
This area has 1,179 households and the average size is 2.3 people. Individuals who are single and have never been married are 23.4%, 57.9% are now married, 0.4% are separated, 7.9% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $3,488 versus the state average of $3,948. The percent of residents who gave to charity was 17.0%.
The estimated median value of houses and condos is $119,421. The median monthly owner costs of mortgage holders was $949, where as the costs for those who don't have a mortgage are $409. The median number of rooms in houses and condos are 6.7 versus apartments which had a median number of 5.6.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,127. 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 $1,049. 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 $1,219. Reported taxable interest for persons was $1,362, dividends $1,300, capital gains +$10,063, and itemized deductions $19,457. The average earned income tax credit is $1,900. The percent of individuals that use a tax preparer is 78.7%. The total average income taxes paid by individuals was $6,120. Businesses reported an average profit of $12,338.
The Shed
719 N Highway 86, Lakefield, MN 56150
Hi-Lo Restaurant & Catering LLC
80626 State Highway 86, Lakefield, MN 56150
Squeeze Inn
318 Main St, Lakefield, MN 56150
Silverback's Cafe & Catering
318 Main St, Lakefield, MN 56150
TH Butcher Shop
212 Main St, Lakefield, MN 56150
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