Interested in purchasing investment houses in the 56255 zip code in Lucan, MN?
The zip code 56255 is in Redwood county with a latitude of -95.418630000000 and longitude of 44.395980000000, is in the state of Minnesota. The average asking price of houses and condos is $20,000.00 and the average sale price was $201,163.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 507 area code. The location in degrees is 44° 23' 45.528" N, 95° 25' 7.068" W. The county F.I.P.S. is 27127. The total land area is 40.0 square miles and the water area is 0.1 square miles. The elevation in this area is 1073 - 1112 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56255 is in county number 127 and is L. Sector 00, L. Segment 01, H. Sector 17, and H. Segment 17. The population was 365 in 2019 and 394 in 2010. This further breaks down to 193 males (52.7%) and 172 females (47.3%). The median age of residents is 41.2 years. The population density (people per square mile) is 9. This zip code has a combined total of 165 houses and condos. There are 18 rented appartments. 13% of residents rent versus the 13% 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 $51,006 and the average salary is $38,021. The median household income of individuals is $43,952.00 and the average is $50,710.00. This zip code has a mean commute time to work of 22.6 minutes. The unemployment rate is 1.3%. Income earners by percent breakdown as 60.50% (Under $50,000), 33.20% ($50,000-$100,000), and 6.30% earn over $100,000. 11.0% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 84.8. The educational breakdown is 97.2% have a high school education or higher, 16.0% have a bachelor's degree or higher, and 3.8% have some kind of profesional degree.
This area has 163 households and the average size is 2.6 people. Individuals who are single and have never been married are 21.1%, 70.4% are now married, 0.0% are separated, 3.2% are widowed, and 5.4% are divorced. The average yearly contribution amount given by people to charity was $3,233 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 $127,824. The median monthly owner costs of mortgage holders was $1,124, where as the costs for those who don't have a mortgage are $502. The median number of rooms in houses and condos are 7.6 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,405. 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 0.7% which amounted to an average tax amount of $1,147. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,533. Reported taxable interest for persons was $867, dividends $275, capital gains +$267, and itemized deductions $18,600. The average earned income tax credit is $1,900. The percent of individuals that use a tax preparer is 83.3%. The total average income taxes paid by individuals was $5,750. Businesses reported an average profit of $1,200.
Brau Haus
111 Main St, Lucan, MN 56255
Seaforth Tavern
402 Main St, Seaforth, MN 56287 (5.3 miles away)
Vesta Cafe
139 Broadway St, Vesta, MN 56292 (6.4 miles away)
Oasis Bar
600 Euclid Ave, Milroy, MN 56263 (7.2 miles away)
Vesta Cafe
30362 Ideal Ave, Wabasso, MN 56293 (7.4 miles away)
Bruiser's Place
155 Main St, Revere, MN 56166 (12.4 miles away)
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