55982 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Mower County
Centroid: Latitude 43.804, Longitude -92.869
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 55982 has segments in 2 Counties (Dodge, Mower).

Businesses Addresses: 9
PO Box Addresses: 62
Residential Addresses: 107

Multi-Family Addresses: 0
Single Family Addresses: 107

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

Waltham, MN 55982 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	420 (100%)
Population in Households	420 (100.0%)
Population in Families	356 (84.8%)
Population in Group Quarters¹	0
Population Density	16
Diversity Index²	17


INCOME
Median Household Income	$73,694
Average Household Income	$90,655
% of Income for Mortgage⁴	12%
Per Capita Income	$38,636
Wealth Index⁵	115

HOUSING
Total HU (Housing Units)	194 (100%)
Owner Occupied HU	163 (84.0%)
Renter Occupied HU	16 ( 8.2%)
Vacant Housing Units	15 ( 7.7%)
Median Home Value	$209,167
Average Home Value	$234,969
Housing Affordability Index³	226

HOUSEHOLDS
Total Households	179
Average Household Size	2.35
Family Households	133
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.

Waltham, MN 55982 - Peer Comparisons by Rank and Percentile

The table below compares 55982 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	0.5%	0.42%
Households	0.5%	0.44%
Families	0.37%	0.45%
Median Household Income		1.14%
Per Capita Income		1.23%
Owner Occupied HU		0.49%

Variable Description	Rank	Percentile
Total Population	# 742	16th
Population Density	# 566	36th
Median Household Income	# 216	76th
Housing Affordability Index	# 598	68th
Per Capita Income	# 158	82nd
Diversity Index	# 394	55th

Waltham, MN 55982 ZIP Code Profile

ZIP Code 55982: Basic Data & USPS Preferred City Name

Waltham, MN 55982 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Waltham, MN 55982 - Peer Comparisons by Rank and Percentile

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