ZIP Code 56042 has segments in 2 Counties (Freeborn, Waseca).
The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2024, Maps updated: February 2, 2024.
POPULATION | |
---|---|
Total Population | 757 (100%) |
Population in Households | 747 (98.7%) |
Population in Families | 602 (79.5%) |
Population in Group Quarters1 | 10 ( 1.3%) |
Population Density | 12 |
Diversity Index2 | 24 |
INCOME | |
Median Household Income | $77,021 |
Average Household Income | $91,401 |
% of Income for Mortgage4 | 17% |
Per Capita Income | $37,324 |
Wealth Index5 | 88 |
Socioeconomic Status Index6 | Moderate (55.7) |
HOUSING | |
---|---|
Total HU (Housing Units) | 332 (100%) |
Owner Occupied HU | 271 (81.6%) |
Renter Occupied HU | 38 (11.4%) |
Vacant Housing Units | 23 ( 6.9%) |
Median Home Value | $220,385 |
Average Home Value | $252,030 |
Housing Affordability Index3 | 140 |
HOUSEHOLDS | |
Total Households | 309 |
Average Household Size | 2.42 |
Family Households | 205 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.16% | -0.35% |
Households | -0.49% | -0.19% |
Families | -0.20% | |
Median Household Income | 0.54% | |
Per Capita Income | 2.22% | |
Owner Occupied HU | -0.15% |
The table below compares 56042 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 632 | 28th |
Population Density | # 625 | 29th |
Median Household Income | # 338 | 62nd |
Housing Affordability Index | # 663 | 76th |
Per Capita Income | # 509 | 42nd |
Diversity Index | # 353 | 60th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.