Interested in purchasing investment houses in the 56750 zip code in Red Lake Falls, MN?
The zip code 56750 is in both Red Lake and Pennington counties with a latitude of -96.299260000000 and longitude of 47.892650000000, is in the state of Minnesota. The average asking price of houses and condos is $91,000.00 and the average sale price was $129,969.00. this regions is classified as the Fargo - Valley City metro area and is in the 218 area code. The location in degrees is 47° 53' 33.54" N, 96° 17' 57.336" W. The county F.I.P.S. is 27125. The total land area is 231.6 square miles and the water area is 0.1 square miles. The elevation in this area is 922 - 1142 feet. The zip code is on central standard time and observes daylight savings time.
The zip 56750 is in county number 119 and is L. Sector 94, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 2,312 in 2019 and 2,539 in 2010. This further breaks down to 1,159 males (50.1%) and 1,153 females (49.9%). The median age of residents is 46.5 years. The population density (people per square mile) is 10. This zip code has a combined total of 1,162 houses and condos. There are 185 rented appartments. 18% of residents rent versus the 18% 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 $49,372 and the average salary is $40,009. The median household income of individuals is $40,388.00 and the average is $59,240.00. This zip code has a mean commute time to work of 22.3 minutes. The unemployment rate is 1.9%. Income earners by percent breakdown as 62.30% (Under $50,000), 32.40% ($50,000-$100,000), and 5.20% earn over $100,000. 10.1% of residents live below poverty line versus the 9.0% in the state that are below this line. The cost of living index is 85.5. The educational breakdown is 94.7% have a high school education or higher, 19.2% have a bachelor's degree or higher, and 3.5% have some kind of profesional degree.
This area has 1,069 households and the average size is 2.2 people. Individuals who are single and have never been married are 23.7%, 59.2% are now married, 0.4% are separated, 6.6% are widowed, and 10.2% are divorced. The average yearly contribution amount given by people to charity was $3,844 versus the state average of $3,948. The percent of residents who gave to charity was 14.6%.
The estimated median value of houses and condos is $137,555. The median monthly owner costs of mortgage holders was $1,284, where as the costs for those who don't have a mortgage are $507. The median number of rooms in houses and condos are 6.9 versus apartments which had a median number of 3.8.
The real estate tax percent rate is 1.3% which equated to an average real estate tax amount payment of $1,742. 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 1.2% which amounted to an average tax amount of $1,822. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.3% which amounted to an average tax amount of $1,656. Reported taxable interest for persons was $889, dividends $1,915, capital gains +$7,468, and itemized deductions $18,233. The average earned income tax credit is $2,131. The percent of individuals that use a tax preparer is 64.2%. The total average income taxes paid by individuals was $7,038. Businesses reported an average profit of $7,267.
TNJ's Bar & Grill
11488 195th St SE, Red Lake Falls, MN 56750
Uncle Bill's Drive In
Highway 32 S, Red Lake Falls, MN 56750
Memories Cafe
1031 6th St NE, Red Lake Falls, MN 56750
Memories Cafe & Catering
217 8th St SE, Rl Falls, MN 56750
Joe Dimaggio's Sports Cafe Pizzaria & Bar
105 International Dr, Red Lake Falls, MN 56750
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