Interested in purchasing investment houses in the 56265 zip code in Montevideo, MN?
The zip code 56265 is in both Chippewa and Yellow Medicine counties with a latitude of -95.696250000000 and longitude of 45.004850000000, is in the state of Minnesota. The average asking price of houses and condos is $97,888.00 and the average sale price was $64,973.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 45° 0' 17.46" N, 95° 41' 46.5" W. The county F.I.P.S. is 27023. The total land area is 266.4 square miles and the water area is 1.1 square miles. The elevation in this area is 935 - 1047 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56265 is in county number 173 and is L. Sector 88, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 7,403 in 2019 and 7,757 in 2010. Of this, the break down in 2019 was 4,899 urban and 2,503 rural. This further breaks down to 3,649 males (49.3%) and 3,754 females (50.7%). The median age of residents is 42.5 years. The population density (people per square mile) is 28. This zip code has a combined total of 3,567 houses and condos. There are 1,198 rented appartments. 35% of residents rent versus the 35% 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 $54,139 and the average salary is $40,606. The median household income of individuals is $44,884.00 and the average is $59,100.00. This zip code has a mean commute time to work of 19.0 minutes. The unemployment rate is 2.5%. Income earners by percent breakdown as 55.10% (Under $50,000), 34.40% ($50,000-$100,000), and 10.50% earn over $100,000. 8.3% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 74.7. The educational breakdown is 90.1% have a high school education or higher, 20.9% have a bachelor's degree or higher, and 4.7% have some kind of profesional degree.
This area has 3,272 households and the average size is 2.1 people. Individuals who are single and have never been married are 25.4%, 52.6% are now married, 1.5% are separated, 8.0% are widowed, and 12.6% are divorced. The average yearly contribution amount given by people to charity was $3,292 versus the state average of $3,948. The percent of residents who gave to charity was 19.6%.
The estimated median value of houses and condos is $130,368. The median monthly owner costs of mortgage holders was $1,045, where as the costs for those who don't have a mortgage are $393. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 4.2.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,146. 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 0.9% which amounted to an average tax amount of $1,149. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.9% which amounted to an average tax amount of $1,148. Reported taxable interest for persons was $1,329, dividends $2,453, capital gains +$9,945, and itemized deductions $20,544. The average earned income tax credit is $1,972. The percent of individuals that use a tax preparer is 72.0%. The total average income taxes paid by individuals was $9,038. Businesses reported an average profit of $10,338.
Valentino's
110 S 1st St, Montevideo, MN 56265
The Rivers Family Restaurant
610 W Highway 212, Montevideo, MN 56265
El Paraiso Latino Market & Mexican Restaurant
102 N 1st St, Montevideo, MN 56265
Goodfellows
4817 Highway 212, Montevideo, MN 56265
L Patron
207 N 1st St, Montevideo, MN 56265
Grand Buffet
207 N 1st St, Montevideo, MN 56265
Topper's Bar & Grill
311 State Rd, Montevideo, MN 56265
Duffy's Good Time Saloon
5014 Highway 212 SW, Montevideo, MN 56265
Pan O Gold Baking Co
125 Division St, Montevideo, MN 56265
Peet's Coffee & Tea
1409 E Highway 7, Montevideo, MN 56265
Peet's Coffee & Tea
3001 E Highway 7, Montevideo, MN 56265
Java River
210 S 1st St Ste 3, Montevideo, MN 56265
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
