Interested in purchasing investment houses in the 56572 zip code in Pelican Rapids, MN?
The zip code 56572 is in Otter Tail county with a latitude of -96.082070000000 and longitude of 46.603060000000, is in the state of Minnesota. The average asking price of houses and condos is $228,857.00 and the average sale price was $291,112.00. this regions is classified as the Fargo - Valley City metro area and is in the 218 area code. The location in degrees is 46° 36' 11.016" N, 96° 4' 55.452" W. The county F.I.P.S. is 27111. The total land area is 163.8 square miles and the water area is 34.1 square miles. The elevation in this area is 1250 - 1431 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56572 is in county number 167 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 5,381 in 2019 and 5,454 in 2010. This further breaks down to 2,898 males (53.9%) and 2,482 females (46.1%). The median age of residents is 49.2 years. The population of the greater Fergus Falls, MN area is 56,222. The population density (people per square mile) is 33. This zip code has a combined total of 3,961 houses and condos. There are 409 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 $52,551 and the average salary is $39,288. The median household income of individuals is $43,459.00 and the average is $59,870.00. This zip code has a mean commute time to work of 22.8 minutes. The unemployment rate is 1.8%. Income earners by percent breakdown as 57.60% (Under $50,000), 33.10% ($50,000-$100,000), and 9.30% earn over $100,000. 12.7% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 86.4. The educational breakdown is 85.6% have a high school education or higher, 25.1% have a bachelor's degree or higher, and 8.8% have some kind of profesional degree.
This area has 2,203 households and the average size is 2.4 people. Individuals who are single and have never been married are 22.3%, 63.7% are now married, 0.2% are separated, 4.4% are widowed, and 9.4% are divorced. The average yearly contribution amount given by people to charity was $3,171 versus the state average of $3,948. The percent of residents who gave to charity was 22.9%.
The estimated median value of houses and condos is $258,081. The median monthly owner costs of mortgage holders was $1,466, where as the costs for those who don't have a mortgage are $489. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 3.7.
The real estate tax percent rate is 0.7% which equated to an average real estate tax amount payment of $1,917. 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 $1,927. Conversely, the median housing property tax percent for residents who don't have mortgages was 0.8% which amounted to an average tax amount of $1,906. Reported taxable interest for persons was $1,398, dividends $2,930, capital gains +$13,600, and itemized deductions $22,462. The average earned income tax credit is $2,331. The percent of individuals that use a tax preparer is 57.2%. The total average income taxes paid by individuals was $8,632. Businesses reported an average profit of $14,753.
The Muddy Moose
30 N Broadway, Pelican Rapids, MN 56572
Cornfield Cafe
22438 Old 59 Rd, Pelican Rapids, MN 56572
Elmo's Restaurant
29 1st Ave NW, Pelican Rapids, MN 56572
Taqueria Escobar
100 N Broadway, Pelican Rapids, MN 56572
El Agave Taqueria
520 N Broadway, Pelican Rapids, MN 56572
Taqueria El Manantial
520 N Broadway, Pelican Rapids, MN 56572
Cormorant Pub
10790 County Highway 5, Pelican Rapids, MN 56572
Riverside Coffee
18 N Broadway, Pelican Rapids, MN 56572
Riverside Bed & Breakfast
18 N Broadway, Pelican Rapids, MN 56572
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