Interested in purchasing investment houses in the 56311 zip code in Barrett, MN?
The zip code 56311 is in Grant county with a latitude of -95.897640000000 and longitude of 45.897290000000, is in the state of Minnesota. The average asking price of houses and condos is $45,000.00 and the average sale price was $85,790.00. this regions is classified as the Minneapolis - Saint Paul metro area and is in the 320 area code. The location in degrees is 45° 53' 50.244" N, 95° 53' 51.504" W. The county F.I.P.S. is 27051. The total land area is 70.6 square miles and the water area is 4.1 square miles. The elevation in this area is 1148 - 1296 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56311 is in county number 051 and is L. Sector 00, L. Segment 01, H. Sector 59, and H. Segment 59. The population was 751 in 2019 and 757 in 2010. This further breaks down to 359 males (47.9%) and 391 females (52.1%). The median age of residents is 50.2 years. The population density (people per square mile) is 11. This zip code has a combined total of 380 houses and condos. There are 59 rented appartments. 19% of residents rent versus the 19% 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 $48,416 and the average salary is $33,288. The median household income of individuals is $45,488.00 and the average is $52,750.00. This zip code has a mean commute time to work of 19.9 minutes. The unemployment rate is 4.8%. Income earners by percent breakdown as 54.50% (Under $50,000), 36.60% ($50,000-$100,000), and 9.00% 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 86.9. The educational breakdown is 92.2% have a high school education or higher, 15.0% have a bachelor's degree or higher, and 3.7% have some kind of profesional degree.
This area has 305 households and the average size is 2.2 people. Individuals who are single and have never been married are 25.9%, 53.8% are now married, 1.3% are separated, 7.8% are widowed, and 11.3% are divorced. The average yearly contribution amount given by people to charity was $2,450 versus the state average of $3,948. The percent of residents who gave to charity was 19.4%.
The estimated median value of houses and condos is $176,035. The median monthly owner costs of mortgage holders was $1,051, where as the costs for those who don't have a mortgage are $611. The median number of rooms in houses and condos are 7.0 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 0.9% which equated to an average real estate tax amount payment of $1,647. 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 $1,539. 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 $2,030. Reported taxable interest for persons was $887, dividends $956, capital gains +$14,175, and itemized deductions $17,767. The average earned income tax credit is $2,060. The percent of individuals that use a tax preparer is 67.7%. The total average income taxes paid by individuals was $6,922. Businesses reported an average profit of $6,671.
Wrap Shack Bar & Grill
308 2nd St, Barrett, MN 56311
Barrett Inn 2 1/2 Bar-Cafe
501 County Road 2, Barrett, MN 56311
Bullfrog's Bar & Grill
100 Dakota Ave, Hoffman, MN 56339 (6.5 miles away)
Hans House
116 Central Ave N, Elbow Lake, MN 56531 (7.9 miles away)
Kensington Bar & Cafe
13 Central Ave N, Kensington, MN 56343 (10.4 miles away)
Backroads Steakhouse
20811 County Road 82 NW, Evansville, MN 56326 (11.8 miles away)
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