Interested in purchasing investment houses in the 56554 zip code in Lake Park, MN?
The zip code 56554 is in both Becker and Clay counties with a latitude of -96.114750000000 and longitude of 46.883450000000, is in the state of Minnesota. The average asking price of houses and condos is $295,205.00 and the average sale price was $219,998.00. this regions is classified as the Fargo - Valley City metro area and is in the 218 area code. The location in degrees is 46° 53' 0.42" N, 96° 6' 53.1" W. The county F.I.P.S. is 27005. The total land area is 117.8 square miles and the water area is 16.4 square miles. The elevation in this area is 1243 - 1408 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56554 is in county number 027 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,705 in 2019 and 2,709 in 2010. This further breaks down to 1,309 males (48.4%) and 1,395 females (51.6%). The median age of residents is 48.3 years. The population density (people per square mile) is 23. This zip code has a combined total of 1,900 houses and condos. There are 96 rented appartments. 9% of residents rent versus the 9% 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 $60,832 and the average salary is $46,649. The median household income of individuals is $48,801.00 and the average is $65,110.00. This zip code has a mean commute time to work of 30.0 minutes. The unemployment rate is 3.8%. Income earners by percent breakdown as 51.20% (Under $50,000), 35.60% ($50,000-$100,000), and 13.20% earn over $100,000. 4.9% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 87.3. The educational breakdown is 94.0% have a high school education or higher, 28.2% have a bachelor's degree or higher, and 9.6% have some kind of profesional degree.
This area has 1,109 households and the average size is 2.4 people. Individuals who are single and have never been married are 19.6%, 63.2% are now married, 0.3% are separated, 7.1% are widowed, and 9.8% are divorced. The average yearly contribution amount given by people to charity was $3,328 versus the state average of $3,948. The percent of residents who gave to charity was 28.1%.
The estimated median value of houses and condos is $257,197. The median monthly owner costs of mortgage holders was $1,521, where as the costs for those who don't have a mortgage are $523. The median number of rooms in houses and condos are 6.6 versus apartments which had a median number of 4.3.
The real estate tax percent rate is 0.6% which equated to an average real estate tax amount payment of $1,657. 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 $1,825. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.6% which amounted to an average tax amount of $1,524. Reported taxable interest for persons was $1,609, dividends $2,117, capital gains +$13,617, and itemized deductions $22,398. The average earned income tax credit is $1,950. The percent of individuals that use a tax preparer is 66.4%. The total average income taxes paid by individuals was $8,849. Businesses reported an average profit of $9,417.
Hooligans Lakeside
17574 County Highway 6, Lake Park, MN 56554
Twin Shores Landing
17574 County Highway 6, Lake Park, MN 56554
Lake Park Cafe
2030 2nd St, Lake Park, MN 56554
A&W All-American Food
14583 Hwy 10 West, Lake Park, MN 56554
Hot Stuff Pizza
13983 County Highway 14, Lake Park, MN 56554
Hot Stuff Pizza
13983 Us Highway 10, Lake Park, MN 56554
Country Kitchen
705 Highway 10 E, Detroit Lakes, MN 56501 (12.7 miles away)
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