ZIP Code 56027 has segments in 2 Counties (Faribault, Martin).
The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.
POPULATION | |
---|---|
Total Population | 818 (100%) |
Population in Households | 818 (100.0%) |
Population in Families | 640 (78.2%) |
Population in Group Quarters1 | 0 |
Population Density | 14 |
Diversity Index2 | 36 |
INCOME | |
Median Household Income | $54,943 |
Average Household Income | $84,453 |
% of Income for Mortgage4 | 7% |
Per Capita Income | $34,896 |
Wealth Index5 | 87 |
Socioeconomic Status Index6 | Moderate (47.3) |
HOUSING | |
---|---|
Total HU (Housing Units) | 407 (100%) |
Owner Occupied HU | 285 (70.0%) |
Renter Occupied HU | 53 (13.0%) |
Vacant Housing Units | 69 (17.0%) |
Median Home Value | $64,224 |
Average Home Value | $150,263 |
Housing Affordability Index3 | 344 |
HOUSEHOLDS | |
Total Households | 338 |
Average Household Size | 2.42 |
Family Households | 217 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 1.20% | -0.30% |
Households | -0.81% | -0.18% |
Families | -0.47% | |
Median Household Income | 2.84% | |
Per Capita Income | 3.04% | |
Owner Occupied HU | -0.14% |
The table below compares 56027 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 | # 615 | 30th |
Population Density | # 586 | 33rd |
Median Household Income | # 794 | 10th |
Housing Affordability Index | # 878 | 100th |
Per Capita Income | # 651 | 26th |
Diversity Index | # 207 | 77th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.