55368 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Carver County
Centroid: Latitude 44.753, Longitude -93.92
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55368 has segments in 2 Counties (Carver, McLeod).

Businesses Addresses: 109
PO Box Addresses: 138
Residential Addresses: 924

Multi-Family Addresses: 185
Single Family Addresses: 739

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2021, Maps updated: May 5, 2021.

Norwood Young America, MN 55368 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	2,223 (100%)
Population in Households	2,220 (99.9%)
Population in Families	1,866 (83.9%)
Population in Group Quarters¹	3 ( 0.1%)
Population Density	76
Diversity Index²	19


INCOME
Median Household Income	$75,116
Average Household Income	$85,940
% of Income for Mortgage⁴	15%
Per Capita Income	$34,872
Wealth Index⁵	85

HOUSING
Total HU (Housing Units)	954 (100%)
Owner Occupied HU	755 (79.1%)
Renter Occupied HU	147 (15.4%)
Vacant Housing Units	52 ( 5.5%)
Median Home Value	$269,393
Average Home Value	$323,212
Housing Affordability Index³	170

HOUSEHOLDS
Total Households	902
Average Household Size	2.46
Family Households	643
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
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.

Norwood Young America, MN 55368 - Peer Comparisons by Rank and Percentile

The table below compares 55368 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	0.86%	0.55%
Households	0.94%	0.66%
Families	0.77%	0.52%
Median Household Income		1.73%
Per Capita Income		2.42%
Owner Occupied HU		0.94%

Variable Description	Rank	Percentile
Total Population	# 400	55th
Population Density	# 285	68th
Median Household Income	# 242	73rd
Housing Affordability Index	# 351	40th
Per Capita Income	# 318	64th
Diversity Index	# 356	60th

55368 ZIP Code Profile, Map, Data & Demographics

ZIP Code 55368: Basic Data & USPS Preferred City Name

Norwood Young America, MN 55368 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Norwood Young America, MN 55368 - Peer Comparisons by Rank and Percentile

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