55052 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Rice County
Centroid: Latitude 44.232, Longitude -93.437
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55052 has segments in 2 Counties (Rice, Waseca).

Businesses Addresses: 34
PO Box Addresses: 134
Residential Addresses: 681

Multi-Family Addresses: 14
Single Family Addresses: 667

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2020, Maps updated: May 1, 2020.

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Morristown, MN 55052 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Morristown, MN 55052 Housing Affordability Index is 204 State of Minnesota Housing Affordability Index is 135
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Morristown, MN 55052 Wealth Index is 87 State of Minnesota Wealth Index is 112
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	1,808 (100%)
Population in Households	1,787 (98.8%)
Population in Families	1,479 (81.8%)
Population in Group Quarters¹	21 ( 1.2%)
Population Density	44
Diversity Index²	13

INCOME
Median Household Income	$59,644
Average Household Income	$75,838
Per Capita Income	$29,501
Wealth Index⁴	87

HOUSING
Total Housing Units	755 (100%)
Owner Occupied HU	577 (76.4%)
Renter Occupied HU	126 (16.7%)
Vacant Housing Units	52 ( 6.9%)
Median Home Value	$158,929
Housing Affordability Index³	204

HOUSEHOLDS
Total Households	703
Average Household Size	2.54
Family Households	495
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Morristown, MN 55052 - Peer Comparisons by Rank and Percentile

The table below compares 55052 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2019 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.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.16%	0.26%
Households	0.22%	0.25%
Families	0.13%	0.2%
Median Household Income		3.42%
Per Capita Income		3.12%

Variable Description	Rank	Percentile
Total Population	# 450	49th
Population Density	# 349	61st
Diversity Index	# 508	42nd
Median Household Income	# 463	48th
Per Capita Income	# 609	31st

Morristown, MN 55052 ZIP Code Profile

ZIP Code 55052: Basic Data & USPS Preferred City Name

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Morristown, MN 55052 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Morristown, MN 55052 - Peer Comparisons by Rank and Percentile

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