ZIP Code 56023
ZIP Code Tabulation Area in Faribault County, Minnesota.
- Population
- 527
- Median household income
- $77,361
- Median home value
- $132,800
+2.5%’19–’23
+33.4%’19–’23
+52.3%’19–’23
Covering part of Faribault County, Minnesota, ZIP Code 56023 has about 527 residents. The median household income of $77,361 is above the Faribault County median ($64,391).
Between 2019 and 2023, ZIP Code 56023's population grew 2.5% from 514 to 527, while its median gross rent rose 66.3% from $567 to $943.
The largest age group is 5 to 17, 24.9% of residents. White (non-Hispanic) residents are the largest group, 82.5% of the population.
Demographics
ACS 2019–2023- Population
- 527
- Median age
- 43.1 yrs
- Median household income
- $77,361
- Median home value
- $132,800
- Median gross rent
- $943
- Housing units
- 239
- Homeownership rate
- 88.7%
- Bachelor's degree or higher
- 14.7%
- Unemployment rate
- 2.1%
Trends
ACS 5-year · 2019–2023514527
$58,000$77,361
$87,200$132,800
$567$943
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 514 | $58,000 | $87,200 | $567 |
| 2020 | 551 | $62,708 | $99,200 | $570 |
| 2021 | 528 | $69,583 | $107,700 | $550 |
| 2022 | 518 | $74,531 | $119,000 | $730 |
| 2023 | 527 | $77,361 | $132,800 | $943 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 54.2%
5 to 1724.9%
18 to 242.5%
25 to 3410.8%
35 to 449.1%
45 to 5412.1%
55 to 6411.4%
65 to 7414.4%
75 and over10.6%
| Count | Share | |
|---|---|---|
| Under 5 | 22 | 4.2% |
| 5 to 17 | 131 | 24.9% |
| 18 to 24 | 13 | 2.5% |
| 25 to 34 | 57 | 10.8% |
| 35 to 44 | 48 | 9.1% |
| 45 to 54 | 64 | 12.1% |
| 55 to 64 | 60 | 11.4% |
| 65 to 74 | 76 | 14.4% |
| 75 and over | 56 | 10.6% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 435 | 82.5% |
| Black or African American | 4 | 0.8% |
| American Indian & Alaska Native | 0 | 0.0% |
| Asian | 8 | 1.5% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 0 | 0.0% |
| Two or more races | 67 | 12.7% |
| Hispanic or Latino (any race) | 13 | 2.5% |
Educational attainment (age 25+)
No high school diploma5.0%
High school graduate35.7%
Some college or associate's44.6%
Bachelor's degree13.6%
Graduate or professional degree1.1%
| Count | Share | |
|---|---|---|
| No high school diploma | 18 | 5.0% |
| High school graduate | 129 | 35.7% |
| Some college or associate's | 161 | 44.6% |
| Bachelor's degree | 49 | 13.6% |
| Graduate or professional degree | 4 | 1.1% |
Commute to work
- Mean travel time to work
- 26 min
Drove alone72.1%
Carpooled7.6%
Public transit9.8%
Walked1.4%
Bicycle0.0%
Worked from home6.9%
Other means2.2%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 199 | 72.1% |
| Carpooled | 21 | 7.6% |
| Public transit | 27 | 9.8% |
| Walked | 4 | 1.4% |
| Bicycle | 0 | 0.0% |
| Worked from home | 19 | 6.9% |
| Other means | 6 | 2.2% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 64 | 24.9% |
| 15 to 29 min | 115 | 44.7% |
| 30 to 44 min | 31 | 12.1% |
| 45 to 59 min | 27 | 10.5% |
| 60+ min | 20 | 7.8% |
Households
- Average household size
- 2.47
- Poverty rate
- 16.3% (85 of 521)
| Count | Share | |
|---|---|---|
| Family households | 146 | 68.5% |
| Nonfamily households | 67 | 31.5% |
Housing
- Median year structure built
- 1947
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 213 | 89.1% |
| Vacant | 26 | 10.9% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 189 | 88.7% |
| Renter-occupied | 24 | 11.3% |
1-unit, detached97.5%
1-unit, attached0.0%
2 to 4 units1.7%
5 to 19 units0.0%
20 or more units0.0%
Mobile home & other0.8%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 233 | 97.5% |
| 1-unit, attached | 0 | 0.0% |
| 2 to 4 units | 4 | 1.7% |
| 5 to 19 units | 0 | 0.0% |
| 20 or more units | 0 | 0.0% |
| Mobile home & other | 2 | 0.8% |
Geography
- ZCTA
- 56023
- Land area
- 57 sq mi
- Water area
- 0.22 sq mi
- Center point
- 43.7716, -94.0129
Counties this ZIP covers
1Compare with nearby ZIP codes
6National ZIP rankings
21- Largest by population
- Most densely populated
- Highest median household income
- Highest median home value
- Most affordable home values
- Highest median gross rent
- Cheapest median gross rent
- Oldest by median age
- Youngest by median age
- Most college-educated
- Highest poverty rate
- Lowest poverty rate
- Highest homeownership rate
- Lowest homeownership rate
- Longest commutes
- Shortest commutes
- Largest households
- Newest housing
- Oldest housing
- Fastest-growing (2019–2023)
- Fastest-shrinking (2019–2023)