Wells

Population: 2,317
Median household income: $58,663
Median home value: $93,200

Wells is a community in Faribault County, Minnesota, home to 2,317 residents. The median household income of $58,663 is below the Faribault County median ($64,391).

From 2019 to 2023, Wells's population held roughly steady from 2,336 to 2,317, while its median home value rose 11.2% from $83,800 to $93,200.

84.3% of homes are single-family detached houses. The typical home was built around 1953.

Demographics

ACS 2019–2023

Population: 2,317
Median age: 41.8 yrs
Median household income: $58,663
Median home value: $93,200
Median gross rent: $699
Housing units: 1,198
Homeownership rate: 76.0%
Bachelor's degree or higher: 19.8%
Unemployment rate: 3.9%

Trends

ACS 5-year · 2019–2023

Population

2,3362,317

Median household income

$46,205$58,663

Median home value

$83,800$93,200

Median gross rent

$604$699

Year	Population	Median household income	Median home value	Median gross rent
2019	2,336	$46,205	$83,800	$604
2020	2,367	$46,538	$78,000	$577
2021	2,283	$47,383	$82,400	$578
2022	2,278	$55,337	$92,500	$633
2023	2,317	$58,663	$93,200	$699

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.3%

5 to 1712.9%

18 to 249.5%

25 to 3412.5%

35 to 448.8%

45 to 549.5%

55 to 6414.4%

65 to 7413.4%

75 and over11.6%

	Count	Share
Under 5	170	7.3%
5 to 17	298	12.9%
18 to 24	221	9.5%
25 to 34	289	12.5%
35 to 44	205	8.8%
45 to 54	221	9.5%
55 to 64	334	14.4%
65 to 74	310	13.4%
75 and over	269	11.6%

Race & ethnicity

	Count	Share
White (non-Hispanic)	2,068	89.3%
Black or African American	25	1.1%
American Indian & Alaska Native	13	0.6%
Asian	18	0.8%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	62	2.7%
Hispanic or Latino (any race)	131	5.7%

Educational attainment (age 25+)

No high school diploma10.3%

High school graduate33.4%

Some college or associate's36.5%

Bachelor's degree14.2%

Graduate or professional degree5.7%

	Count	Share
No high school diploma	167	10.3%
High school graduate	544	33.4%
Some college or associate's	594	36.5%
Bachelor's degree	231	14.2%
Graduate or professional degree	92	5.7%

Commute to work

Mean travel time to work: 19 min

Drove alone82.7%

Carpooled4.2%

Public transit0.0%

Walked6.4%

Bicycle0.0%

Worked from home6.7%

Other means0.0%

How workers get to work

	Count	Share
Drove alone	889	82.7%
Carpooled	45	4.2%
Public transit	0	0.0%
Walked	69	6.4%
Bicycle	0	0.0%
Worked from home	72	6.7%
Other means	0	0.0%

Travel time

	Count	Share
Under 15 min	597	59.5%
15 to 29 min	128	12.8%
30 to 44 min	150	15.0%
45 to 59 min	89	8.9%
60+ min	39	3.9%

Households

Average household size: 2.05
Poverty rate: 11.1% (251 of 2,271)

	Count	Share
Family households	633	57.0%
Nonfamily households	477	43.0%

Housing

Median year structure built: 1953

Occupancy

	Count	Share
Occupied	1,110	92.7%
Vacant	88	7.3%

Tenure (of occupied units)

	Count	Share
Owner-occupied	844	76.0%
Renter-occupied	266	24.0%

1-unit, detached84.3%

1-unit, attached0.8%

2 to 4 units7.8%

5 to 19 units4.4%

20 or more units2.7%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	1,010	84.3%
1-unit, attached	10	0.8%
2 to 4 units	93	7.8%
5 to 19 units	53	4.4%
20 or more units	32	2.7%
Mobile home & other	0	0.0%

Geography

Place GEOID: 2769106
Type (LSAD): 25
Land area: 2.09 sq mi
Water area: 0.15 sq mi
Center point: 43.7432, -93.7329