Interested in purchasing investment houses in the 56164 zip code in Pipestone, MN?
The zip code 56164 is in both Pipestone and Lincoln counties with a latitude of -96.339180000000 and longitude of 44.056620000000, is in the state of Minnesota. The average asking price of houses and condos is $56,833.00 and the average sale price was $300,789.00. this regions is classified as the Sioux Falls (Mitchell) metro area and is in the 507 area code. The location in degrees is 44° 3' 23.832" N, 96° 20' 21.048" W. The county F.I.P.S. is 27117. This zip code contains three cities including Pipestone, MN (1.59%), Hatfield, MN (0.67%), and Trosky, MN (0.29%) The total land area is 262.0 square miles and the water area is 0.3 square miles. The elevation in this area is 1618 - 1828 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56164 is in county number 101 and is L. Sector 91, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 5,387 in 2019 and 5,969 in 2010. Of this, the break down in 2019 was 3,717 urban and 1,669 rural. This further breaks down to 2,580 males (47.9%) and 2,806 females (52.1%). The median age of residents is 44.0 years. The population density (people per square mile) is 21. This zip code has a combined total of 2,776 houses and condos. There are 720 rented appartments. 30% of residents rent versus the 30% 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 $47,680 and the average salary is $34,925. The median household income of individuals is $39,532.00 and the average is $54,470.00. This zip code has a mean commute time to work of 22.8 minutes. The unemployment rate is 1.9%. Income earners by percent breakdown as 62.00% (Under $50,000), 30.20% ($50,000-$100,000), and 7.80% earn over $100,000. 13.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 73.8. The educational breakdown is 90.0% have a high school education or higher, 21.7% have a bachelor's degree or higher, and 3.6% have some kind of profesional degree.
This area has 2,533 households and the average size is 2.2 people. Individuals who are single and have never been married are 22.6%, 56.7% are now married, 1.6% are separated, 7.9% are widowed, and 11.2% are divorced. The average yearly contribution amount given by people to charity was $4,677 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 $111,017. The median monthly owner costs of mortgage holders was $1,098, where as the costs for those who don't have a mortgage are $399. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 4.1.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $967. 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 0.8% 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 0.8% which amounted to an average tax amount of $835. Reported taxable interest for persons was $1,588, dividends $3,975, capital gains +$8,935, and itemized deductions $21,103. The average earned income tax credit is $2,151. The percent of individuals that use a tax preparer is 77.5%. The total average income taxes paid by individuals was $8,053. Businesses reported an average profit of $12,783.
Historic Calumet Inn
104 W Main St, Pipestone, MN 56164
Dq
301 8th Ave SE, Pipestone, MN 56164
Kelly's Koffee
101 8th Ave NE, Pipestone, MN 56164
Stonehouse Supper Club
123 W Main St, Pipestone, MN 56164
Villager Restaurant
607 8th Ave NE, Pipestone, MN 56164
Los Tulipanes
607 8th Ave NE, Pipestone, MN 56164
New Country of Pipestone
211 2nd St NW, Pipestone, MN 56164
Hatfield Roadhouse
340 2nd St, Pipestone, MN 56164
China Inn
211 2nd St SE, Pipestone, MN 56164
Gannons
507 8th Ave SE, Pipestone, MN 56164
Peet's Coffee & Tea
1106 8th St SW, Pipestone, MN 56164
Lange's Cafe
110 8th Ave Se Rt. 23, Pipestone, MN 56164
Splitrock Burgers & Brews
102 Waldo Ave S, Ihlen, MN 56164
Dari King
605 7th St SW, Pipestone, MN 56164
Woebees
311 Helen St, Holland, MN 56139 (7 miles away)
End Zone Restaurant
1000 Main St, Edgerton, MN 56128 (9.5 miles away)
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