ZIP Code 56051 has segments in 2 Counties (Faribault, Freeborn).
The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.
POPULATION | |
---|---|
Total Population | 618 (100%) |
Population in Households | 615 (99.5%) |
Population in Families | 474 (76.7%) |
Population in Group Quarters1 | 3 ( 0.5%) |
Population Density | 20 |
Diversity Index2 | 29 |
INCOME | |
Median Household Income | $56,217 |
Average Household Income | $69,250 |
% of Income for Mortgage4 | 8% |
Per Capita Income | $33,436 |
Wealth Index5 | 53 |
HOUSING | |
---|---|
Total HU (Housing Units) | 350 (100%) |
Owner Occupied HU | 251 (71.7%) |
Renter Occupied HU | 54 (15.4%) |
Vacant Housing Units | 45 (12.9%) |
Median Home Value | $79,487 |
Average Home Value | $145,400 |
Housing Affordability Index3 | 350 |
HOUSEHOLDS | |
Total Households | 305 |
Average Household Size | 2.02 |
Family Households | 182 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | -1.20% | -0.56% |
Households | -1.28% | -0.53% |
Families | -0.56% | |
Median Household Income | 3.24% | |
Per Capita Income | 3.28% | |
Owner Occupied HU | -0.32% |
The table below compares 56051 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.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 665 | 24th |
Population Density | # 496 | 44th |
Median Household Income | # 790 | 10th |
Housing Affordability Index | # 875 | 100th |
Per Capita Income | # 682 | 22nd |
Diversity Index | # 255 | 71st |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.