Interested in purchasing investment houses in the 56181 zip code in Welcome, MN?
The zip code 56181 is in Martin county with a latitude of -94.617310000000 and longitude of 43.679860000000, is in the state of Minnesota. The average asking price of houses and condos is $100,750.00 and the average sale price was $176,477.00. this regions is classified as the Mankato metro area and is in the 507 area code. The location in degrees is 43° 40' 47.496" N, 94° 37' 2.316" W. The county F.I.P.S. is 27091. The total land area is 65.5 square miles and the water area is 0.4 square miles. The elevation in this area is 1181 - 1257 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56181 is in county number 091 and is L. Sector 00, L. Segment 01, H. Sector 29, and H. Segment 29. The population was 1,131 in 2019 and 1,147 in 2010. This further breaks down to 519 males (45.9%) and 611 females (54.1%). The median age of residents is 45.4 years. The population of the greater Fairmont, MN area is 20,369. The population density (people per square mile) is 17. This zip code has a combined total of 599 houses and condos. There are 78 rented appartments. 16% of residents rent versus the 16% 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 $52,520 and the average salary is $36,017. The median household income of individuals is $42,333.00 and the average is $51,960.00. This zip code has a mean commute time to work of 18.1 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 61.40% (Under $50,000), 32.30% ($50,000-$100,000), and 6.30% earn over $100,000. 11.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.2. The educational breakdown is 91.8% have a high school education or higher, 14.4% have a bachelor's degree or higher, and 3.9% have some kind of profesional degree.
This area has 492 households and the average size is 2.4 people. Individuals who are single and have never been married are 22.1%, 62.3% are now married, 0.7% are separated, 5.5% are widowed, and 9.4% are divorced. The average yearly contribution amount given by people to charity was $2,989 versus the state average of $3,948. The percent of residents who gave to charity was 16.4%.
The estimated median value of houses and condos is $111,017. The median monthly owner costs of mortgage holders was $1,025, where as the costs for those who don't have a mortgage are $415. The median number of rooms in houses and condos are 6.8 versus apartments which had a median number of 5.2.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,190. 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 $1,247. 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 $1,125. Reported taxable interest for persons was $977, dividends $1,483, capital gains +$8,513, and itemized deductions $18,442. The average earned income tax credit is $1,730. The percent of individuals that use a tax preparer is 70.9%. The total average income taxes paid by individuals was $6,858. Businesses reported an average profit of $4,122.
Caseys Carryout Pizza
112 2nd St, Welcome, MN 56181
Cup & Saucer & Sweet Shoppe
23 N Main St, Sherburn, MN 56171 (6.9 miles away)
Ambiance on Albion - Taphouse and Grill
2321 Albion Ave, Fairmont, MN 56031 (7.2 miles away)
Ole's Gathering Place
170th Man St W, Trimont, MN 56176 (10.1 miles away)
Aardvark's Bar & Grill
209 N 5th Ave E, Truman, MN 56088 (13 miles away)
Granada Bar & Grill
125 S Main St, Granada, MN 56039 (13.1 miles away)
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