ZIP Code 56051 has segments in 2 Counties (Faribault, Freeborn).
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 | 644 (100%) |
Population in Households | 644 (100.0%) |
Population in Families | 505 (78.4%) |
Population in Group Quarters1 | 0 |
Population Density | 21 |
Diversity Index2 | 30 |
INCOME | |
Median Household Income | $51,940 |
Average Household Income | $70,025 |
% of Income for Mortgage4 | 8% |
Per Capita Income | $34,578 |
Wealth Index5 | 62 |
Socioeconomic Status Index6 | Moderate (49.7) |
HOUSING | |
---|---|
Total HU (Housing Units) | 354 (100%) |
Owner Occupied HU | 264 (74.6%) |
Renter Occupied HU | 54 (15.3%) |
Vacant Housing Units | 36 (10.2%) |
Median Home Value | $71,154 |
Average Home Value | $144,886 |
Housing Affordability Index3 | 285 |
HOUSEHOLDS | |
Total Households | 318 |
Average Household Size | 2.03 |
Family Households | 184 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.43% | -0.19% |
Households | 0.39% | 0.00% |
Families | -0.89% | |
Median Household Income | 4.04% | |
Per Capita Income | 3.40% | |
Owner Occupied HU | -0.15% |
The table below compares 56051 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 | # 661 | 25th |
Population Density | # 488 | 45th |
Median Household Income | # 831 | 5th |
Housing Affordability Index | # 875 | 100th |
Per Capita Income | # 660 | 25th |
Diversity Index | # 255 | 71st |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.