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AREA INFORMATION

56118 (Bingham Lake, MN)

Explore the real estate in 56118 (Bingham Lake, MN)

Area Highlights

56118 (Bingham Lake, MN) residents have a median age of 41.2 years old, with employment highest in the sales and administrative support industries.

1,150 Population

470 Households

$61,986 /yr
Median Household Income

17m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

41.2 Median Age

Average Household Size

2.4
persons per
household

47.1%

Married Households

Community Population By Education

High School Graduate 39%
Some College 23%
Some High School 13%
Bachelors Degree 11%
Associates Degree 8%
Graduate Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 39.36% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
30.6% of households have children

Economics

$61,986 /yr
Median Household Income
$0
Median Sales Price
17 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 21.78% of the households.

Transportation to Work

  • Drive 87%
  • Work from Home 7%
  • Walk or Bike 3%
  • Public Transit 0%

Occupancy by Type

Owned 391 77%
Rented 79 16%
Vacant 39 8%

White vs Blue Collar Jobs







White Collar 54%
Blue Collar 46%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 41.2 years old. The smallest percentage group is 55-64 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 82%
Hispanic 12%
Other 9%
Black 2%
Asian 2%
Native American <1%
The most prevalent ethnicity is White at 82%, followed by Hispanic at 12%, Other at 9%, and Black at 2%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

84° July
Hottest Average Month
4° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
23°
Feb
9°
28°
Mar
21°
40°
Apr
34°
57°
May
46°
70°
Jun
56°
80°
Jul
61°
84°
Aug
59°
82°
Sep
49°
73°
Oct
37°
61°
Nov
23°
42°
Dec
10°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$29,000
For sale
0.51 acres

1138 Bingham Lake Drive
Bingham Lake, MN 56118

$29,000
For sale

1142 Bingham Lake Drive
Bingham Lake, MN 56118

$29,000
For sale

1134 Bingham Lake Drive
Bingham Lake, MN 56118

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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