55387 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Carver County
Centroid: Latitude 44.847, Longitude -93.789
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55387 has segments in 2 Counties (Carver, Hennepin).

Businesses Addresses: 455
PO Box Addresses: 108
Residential Addresses: 5,680

Multi-Family Addresses: 697
Single Family Addresses: 4,983

The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2023, Maps updated: February 3, 2023.

Waconia, MN 55387 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	14,797 (100%)
Population in Households	14,497 (98.0%)
Population in Families	12,460 (84.2%)
Population in Group Quarters¹	300 ( 2.0%)
Population Density	419
Diversity Index²	24


INCOME
Median Household Income	$109,117
Average Household Income	$139,862
% of Income for Mortgage⁴	18%
Per Capita Income	$49,515
Wealth Index⁵	146

HOUSING
Total HU (Housing Units)	5,522 (100%)
Owner Occupied HU	4,521 (81.9%)
Renter Occupied HU	784 (14.2%)
Vacant Housing Units	217 ( 3.9%)
Median Home Value	$364,842
Average Home Value	$410,186
Housing Affordability Index³	139

HOUSEHOLDS
Total Households	5,305
Average Household Size	2.73
Family Households	3,786
Average Family Size	3.00

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.

Waconia, MN 55387 - Peer Comparisons by Rank and Percentile

The table below compares 55387 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 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	2020-2022	2022-2027
Population	0.87%	0.40%
Households	0.79%	0.50%
Families		0.43%
Median Household Income		1.82%
Per Capita Income		3.55%
Owner Occupied HU		0.78%

Variable Description	Rank	Percentile
Total Population	# 137	85th
Population Density	# 167	81st
Median Household Income	# 55	94th
Housing Affordability Index	# 331	38th
Per Capita Income	# 90	90th
Diversity Index	# 353	60th

55387 ZIP Code Profile, Map, Data & Demographics

ZIP Code 55387: Basic Data & USPS Preferred City Name

Waconia, MN 55387 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waconia, MN 55387 - Peer Comparisons by Rank and Percentile

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Carver County