56073 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Brown County
Centroid: Latitude 44.313, Longitude -94.466
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56073 has segments in 2 Counties (Brown, Nicollet).

Businesses Addresses: 594
PO Box Addresses: 128
Residential Addresses: 7,510

Multi-Family Addresses: 1,314
Single Family Addresses: 6,196

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2022, Maps updated: August 12, 2022.

New Ulm, MN 56073 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	17,155 (100%)
Population in Households	16,236 (94.6%)
Population in Families	12,812 (74.7%)
Population in Group Quarters¹	919 ( 5.4%)
Population Density	90
Diversity Index²	16


INCOME
Median Household Income	$75,762
Average Household Income	$88,528
% of Income for Mortgage⁴	13%
Per Capita Income	$37,563
Wealth Index⁵	80

HOUSING
Total HU (Housing Units)	7,783 (100%)
Owner Occupied HU	5,760 (74.0%)
Renter Occupied HU	1,550 (19.9%)
Vacant Housing Units	473 ( 6.1%)
Median Home Value	$182,599
Average Home Value	$213,451
Housing Affordability Index³	189

HOUSEHOLDS
Total Households	7,310
Average Household Size	2.22
Family Households	4,607
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.

New Ulm, MN 56073 - Peer Comparisons by Rank and Percentile

The table below compares 56073 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	-0.21%	-0.11%
Households	-0.05%	-0.04%
Families		-0.05%
Median Household Income		1.08%
Per Capita Income		2.01%
Owner Occupied HU		0.12%

Variable Description	Rank	Percentile
Total Population	# 122	86th
Population Density	# 264	70th
Median Household Income	# 362	59th
Housing Affordability Index	# 704	80th
Per Capita Income	# 415	53rd
Diversity Index	# 590	32nd

56073 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56073: Basic Data & USPS Preferred City Name

New Ulm, MN 56073 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

New Ulm, MN 56073 - Peer Comparisons by Rank and Percentile

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