Interested in purchasing investment houses in the 56241 zip code in Granite Falls, MN?
The zip code 56241 is in both Yellow Medicine and Chippewa counties with a latitude of -95.579150000000 and longitude of 44.796940000000, is in the state of Minnesota. The average asking price of houses and condos is $121,750.00 and the average sale price was $148,871.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 44° 47' 48.984" N, 95° 34' 44.94" W. The county F.I.P.S. is 27173. This zip code contains two cities including Granite Falls, MN (2.57%), and Hazel Run, MN (0.50%) The total land area is 146.9 square miles and the water area is 1.2 square miles. The elevation in this area is 925 - 1076 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56241 is in county number 129 and is L. Sector 93, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 3,900 in 2019 and 4,166 in 2010. Of this, the break down in 2019 was 2,734 urban and 1,165 rural. This further breaks down to 1,917 males (49.2%) and 1,982 females (50.8%). The median age of residents is 43.0 years. The population density (people per square mile) is 27. This zip code has a combined total of 1,864 houses and condos. There are 494 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 $49,863 and the average salary is $37,193. The median household income of individuals is $44,072.00 and the average is $58,360.00. This zip code has a mean commute time to work of 14.6 minutes. The unemployment rate is 1.6%. Income earners by percent breakdown as 55.30% (Under $50,000), 34.80% ($50,000-$100,000), and 9.90% earn over $100,000. 12.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 75.0. The educational breakdown is 92.8% have a high school education or higher, 19.6% have a bachelor's degree or higher, and 7.2% have some kind of profesional degree.
This area has 1,778 households and the average size is 2.3 people. Individuals who are single and have never been married are 24.4%, 56.7% are now married, 2.2% are separated, 5.1% are widowed, and 11.7% are divorced. The average yearly contribution amount given by people to charity was $2,936 versus the state average of $3,948. The percent of residents who gave to charity was 21.7%.
The estimated median value of houses and condos is $154,362. The median monthly owner costs of mortgage holders was $1,305, where as the costs for those who don't have a mortgage are $505. The median number of rooms in houses and condos are 7.9 versus apartments which had a median number of 4.0.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,727. 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 $1,660. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.2% which amounted to an average tax amount of $1,828. Reported taxable interest for persons was $1,536, dividends $4,011, capital gains +$10,282, and itemized deductions $19,642. The average earned income tax credit is $1,971. The percent of individuals that use a tax preparer is 77.0%. The total average income taxes paid by individuals was $8,212. Businesses reported an average profit of $7,532.
Bootleggers Supper Club
1940 11th Ave, Granite Falls, MN 56241
Olive Branch Bistro
280 Fairview Ave, Granite Falls, MN 56241
Tillie's Restaurant
845 Highway 212 W Ste B, Granite Falls, MN 56241
Carl's Bakery Inc
810 Prentice St, Granite Falls, MN 56241
Granite Grinder & Cafe
176 Highway 212 E, Granite Falls, MN 56241
Jake's Pizza
1316 Highway 212 W, Granite Falls, MN 56241
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