US > Minnesota > Blue Earth County > Madison Lake, MN 56063

56063 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Madison Lake, MN
Advertisement

ZIP Code 56063: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Madison Lake, MN 56063

  • ZIP Code Type: STANDARD
  • County: Blue Earth County
  • Centroid: Latitude 44.203, Longitude -93.811
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 56063 has segments in 3 Counties (Blue Earth, Le Sueur, Waseca).

  • Businesses Addresses: 51
  • PO Box Addresses: 154
  • Residential Addresses: 1,220
    • Multi-Family Addresses: 18
    • Single Family Addresses: 1,202

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Advertisement

Madison Lake, MN 56063 Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 2,982 (100%)
Population in Households 2,982 (100.0%)
Population in Families 2,481 (83.2%)
Population in Group Quarters1 0
Population Density 79
Diversity Index2 16
 
 

INCOME

Median Household Income $108,398
Average Household Income $130,807
% of Income for Mortgage4 26%
Per Capita Income $53,472
Wealth Index5 132
Socioeconomic Status Index6 Moderate (63.0)
 

HOUSING

Total HU (Housing Units) 1,599 (100%)
Owner Occupied HU 976 (61.0%)
Renter Occupied HU 243 (15.2%)
Vacant Housing Units 380 (23.8%)
Median Home Value $442,373
Average Home Value $509,990
Housing Affordability Index3 95
 

HOUSEHOLDS

Total Households 1,219
Average Household Size 2.45
Family Households 889
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population 1.03% 0.59%
Households 1.22% 0.73%
Families   0.56%
Median Household Income   1.63%
Per Capita Income   2.76%
Owner Occupied HU   0.91%

Madison Lake, MN 56063 - Peer Comparisons by Rank and Percentile

The table below compares 56063 to the other 882 ZIP Codes in Minnesota by rank and percentile using July 1, 2024 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 # 339 62nd
Population Density # 272 69th
Median Household Income # 90 90th
Housing Affordability Index # 299 34th
Per Capita Income # 106 88th
Diversity Index # 644 28th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


Popular Places Near ZIP Code 56063


Use HTL Address Research for a Minnesota Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2024, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Minnesota Census Data Comparison Tool

Compare Minnesota July 1, 2024 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.



View ALL 56063 Content

Blue Earth County


Advertisement



Advertisement
Advertisement

Home | About HTL | Advertise Here | References | Legal | Privacy | Contact
Copyright © 2024 HTL, Inc. All Rights Reserved.
Website Design by Blue Tangerine