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ZIP Code 55816, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for ZIP Code 55816.

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Community Insights

Affordable Market
$125k median home
lower cost than 86% of the country
Leading Industries
Finance & Insurance · Information & Media · Public Administration
8% finance & insurance
Home Value Growth⬆⬆⬆
+42.7% over 2 years
Young Adults
40% of residents
well above average
Renters
68% of occupied units

People & Demographics

Total Population2,235
Households
Under 18
22.0%
Age 18–34
40.0%
Age 35–64
27.0%
Age 65+
11.0%
Veterans
6.0%
Active Duty
0.0%

Housing & Living

Median Home Value$124,700
Median Gross Rent$854/mo
Owner Occupied
31.6%
Renter Occupied
68.4%
Detached Homes
Built Pre-1940

Economy & Income

Median Household Income$31,202
Poverty Rate

Key Industries

Healthcare7.0%
Professional Services0.0%
Manufacturing0.0%
Retail11.0%
Education0.0%

Amenities & Transit

Transit Score
Walkability / Amenities
Commute < 15m
Commute 60m+

Education

High School Grad
Bachelor's Degree
6.0%
Master's or Higher
3.0%
School Enrollment

Frequently Asked Questions

What is the population and demographic makeup of ZIP code 55816?

The total population of ZIP code 55816 is approximately 2,235. The community has a large population of young adults (18-34). This demographic data is sourced from the U.S. Census Bureau.

Do more people rent or own homes in ZIP code 55816?

The housing market in ZIP code 55816 is predominantly driven by renters, with 32% of housing units being owner-occupied and 68% being renter-occupied.

What is the education level of residents in ZIP code 55816?

In ZIP code 55816, approximately 6% of adult residents hold a bachelor's degree or higher. Additionally, 3% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.