| ZIP Code | 55021 |
|---|---|
| City | Faribault |
| State | Minnesota (MN) |
| County | Rice County |
| Area Code | 507/924 |
| Elevation | 1,007 ft |
| Latitude | 44.297513 |
|---|---|
| Longitude | -93.273914 |
| Timezone | Chicago (DST) |
| FIPS | 27131 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.4 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.51 |
| Below Poverty | 12.3% ▲ 23% above avg |
| College Grads | 31.7% ▼ 18% below avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 622 (3.1%) |
| HS Graduate | 7,268 (35.8%) |
| Some College | 3,325 (16.4%) |
| Associates | 2,631 (13%) |
| Bachelors | 2,168 (10.7%) |
| Graduate Degree | 4,271 (21.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,296 ▼ 8% below avg ↑ 16% since 2019 |
|---|---|
| Median Home Value | $267,600 ≈ Avg ↑ 55% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,044/mo ↑ 25% since 2019 |
| Total Units | 12,421 |
| Vacant Units | 1,069 |
| Avg HH Size | 2.51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,421 |
|---|---|
| Vacant | 1,069 |
| Owner Occupied | 71.4% |
| Renter Occupied | 28.7% |
| Avg HH Size | 2.51 |
ZIP code 55021 is located in Faribault, Minnesota, within Rice County. With a population of 30,860, this is a moderately populated ZIP code with a middle-aged community — the median age is 40.4 years. Economically, 55021 is a solidly middle-class ZIP code: the median household income of $70,296 is near the national average.
Real estate in ZIP code 55021 represents a mid-range housing market. The median home value of $267,600 is near the national average. Renters can expect to pay around $1,044 per month in median rent. Homeownership is strong here — 71.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 55% since 2019.
The population of 55021 is primarily White (71.44%). Residents are moderately educated — 31.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 12.3%. Household income has grown by 16% since 2019.
The unemployment rate in 55021 stands at 4.8%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 55021 in Faribault, MN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 30,860 residents, a median household income of $70,296, and a median home value of $267,600, it offers a clear picture of life in this part of Minnesota.