56068 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Faribault County
Centroid: Latitude 43.841, Longitude -93.832
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56068 has segments in 3 Counties (Blue Earth, Faribault, Waseca).

Businesses Addresses: 27
PO Box Addresses: 117
Residential Addresses: 335

Multi-Family Addresses: 0
Single Family Addresses: 335

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

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Minnesota Lake, MN 56068 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX
Minnesota Lake, MN 56068 Housing Affordability Index is 234 State of Minnesota Housing Affordability Index is 135
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.

WEALTH INDEX
Minnesota Lake, MN 56068 Wealth Index is 87 State of Minnesota Wealth Index is 112
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

POPULATION
Total Population	1,128 (100%)
Population in Households	1,121 (99.4%)
Population in Families	906 (80.3%)
Population in Group Quarters¹	7 ( 0.6%)
Population Density	17
Diversity Index²	10

INCOME
Median Household Income	$57,506
Average Household Income	$76,416
Per Capita Income	$31,709
Wealth Index⁴	87

HOUSING
Total Housing Units	528 (100%)
Owner Occupied HU	371 (70.3%)
Renter Occupied HU	97 (18.4%)
Vacant Housing Units	60 (11.4%)
Median Home Value	$134,859
Housing Affordability Index³	234

HOUSEHOLDS
Total Households	468
Average Household Size	2.4
Family Households	315
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 race 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 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.

Minnesota Lake, MN 56068 - Peer Comparisons by Rank and Percentile

The table below compares 56068 to the other 883 ZIP Codes in Minnesota by rank and percentile using July 1, 2019 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	2010-2019	2019-2024
Population	0.59%	0.32%
Households	0.62%	0.38%
Families	0.53%	0.32%
Median Household Income		1.8%
Per Capita Income		2.78%

Variable Description	Rank	Percentile
Total Population	# 551	38th
Population Density	# 543	39th
Diversity Index	# 691	22nd
Median Household Income	# 532	40th
Per Capita Income	# 454	49th

Minnesota Lake, MN 56068 ZIP Code Profile

ZIP Code 56068: Basic Data & USPS Preferred City Name

Popular Places Near ZIP Code 56068

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Minnesota Lake, MN 56068 Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Minnesota Lake, MN 56068 - Peer Comparisons by Rank and Percentile

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