Interested in purchasing investment houses in the 56256 zip code in Madison, MN?
The zip code 56256 is in Lac Qui Parle county with a latitude of -96.197930000000 and longitude of 45.025050000000, is in the state of Minnesota. The average asking price of houses and condos is $58,333.00 and the average sale price was $58,360.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 45° 1' 30.18" N, 96° 11' 52.548" W. The county F.I.P.S. is 27073. This zip code contains two cities including Madison, MN (0.45%), and Louisburg, MN (0.13%) The total land area is 231.1 square miles and the water area is 3.1 square miles. The elevation in this area is 942 - 1152 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56256 is in county number 073 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 2,438 in 2019 and 2,581 in 2010. This further breaks down to 1,172 males (48.1%) and 1,265 females (51.9%). The median age of residents is 51.7 years. The population density (people per square mile) is 11. This zip code has a combined total of 1,424 houses and condos. There are 275 rented appartments. 23% of residents rent versus the 23% 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 $59,792 and the average salary is $33,770. The median household income of individuals is $38,231.00 and the average is $63,350.00. This zip code has a mean commute time to work of 15.1 minutes. The unemployment rate is 1.5%. Income earners by percent breakdown as 64.70% (Under $50,000), 28.70% ($50,000-$100,000), and 6.50% earn over $100,000. 9.8% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 84.6. The educational breakdown is 93.7% have a high school education or higher, 18.5% have a bachelor's degree or higher, and 5.7% have some kind of profesional degree.
This area has 1,166 households and the average size is 2.0 people. Individuals who are single and have never been married are 20.9%, 58.2% are now married, 0.7% are separated, 9.7% are widowed, and 10.4% are divorced. The average yearly contribution amount given by people to charity was $3,684 versus the state average of $3,948. The percent of residents who gave to charity was 19.8%.
The estimated median value of houses and condos is $91,335. The median monthly owner costs of mortgage holders was $903, where as the costs for those who don't have a mortgage are $383. The median number of rooms in houses and condos are 7.1 versus apartments which had a median number of 4.5.
The real estate tax percent rate is 1.1% which equated to an average real estate tax amount payment of $1,002. 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 1.1% which amounted to an average tax amount of $1,015. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.1% which amounted to an average tax amount of $991. Reported taxable interest for persons was $1,543, dividends $2,168, capital gains +$16,076, and itemized deductions $21,114. The average earned income tax credit is $1,787. The percent of individuals that use a tax preparer is 77.8%. The total average income taxes paid by individuals was $8,279. Businesses reported an average profit of $16,821.
After Five Supper Club
205 8th Ave S, Madison, MN 56256
De Toy's Family Restaurant
502 1st St W, Madison, MN 56256
Dairy Queen Grill & Chill
711 8th Ave, Madison, MN 56256
The Rusty Duck Bar & Grill
539 Chestnut St, Dawson, MN 56232 (8.5 miles away)
Meraki Diner
206 Main Ave, Bellingham, MN 56212 (13.5 miles away)
Boyd Community Cafe Family Dining And Supper Club
127 3rd St, Boyd, MN 56218 (14.7 miles away)
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