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: 578
PO Box Addresses: 133
Residential Addresses: 7,487

Multi-Family Addresses: 1,288
Single Family Addresses: 6,199

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2021, Maps updated: May 5, 2021.

New Ulm, MN 56073 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	16,971 (100%)
Population in Households	16,061 (94.6%)
Population in Families	12,679 (74.7%)
Population in Group Quarters¹	910 ( 5.4%)
Population Density	87
Diversity Index²	11


INCOME
Median Household Income	$66,811
Average Household Income	$78,354
% of Income for Mortgage⁴	11%
Per Capita Income	$33,332
Wealth Index⁵	81

HOUSING
Total HU (Housing Units)	7,674 (100%)
Owner Occupied HU	5,730 (74.7%)
Renter Occupied HU	1,473 (19.2%)
Vacant Housing Units	471 ( 6.1%)
Median Home Value	$176,609
Average Home Value	$204,114
Housing Affordability Index³	208

HOUSEHOLDS
Total Households	7,203
Average Household Size	2.23
Family Households	4,545
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.

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

The table below compares 56073 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	0.12%	0.21%
Households	0.22%	0.3%
Families	0.08%	0.2%
Median Household Income		1.51%
Per Capita Income		1.73%
Owner Occupied HU		0.55%

Variable Description	Rank	Percentile
Total Population	# 118	87th
Population Density	# 270	69th
Median Household Income	# 374	58th
Housing Affordability Index	# 605	69th
Per Capita Income	# 425	52nd
Diversity Index	# 639	27th

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, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

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

Popular Places Near ZIP Code 56073

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