| ZIP Code | 55042 |
|---|---|
| City | Lake Elmo |
| State | Minnesota (MN) |
| County | Washington County |
| Area Code | 651 |
| Elevation | 911 ft |
| Latitude | 44.9883 |
|---|---|
| Longitude | -92.892415 |
| Timezone | Chicago (DST) |
| FIPS | 27163 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.8 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.73 |
| Below Poverty | 4.0% ▼ 60% below avg |
| College Grads | 70.1% ▲ 81% above avg |
| Unemployment | 2.2% ▼ 55% below avg |
| No HS Diploma | 12 (0.1%) |
| HS Graduate | 1,104 (12.9%) |
| Some College | 609 (7.1%) |
| Associates | 840 (9.8%) |
| Bachelors | 701 (8.2%) |
| Graduate Degree | 5,306 (61.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $154,779 ▲ 103% above avg ↑ 29% since 2019 |
|---|---|
| Median Home Value | $594,000 ▲ 113% above avg ↑ 35% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $2,204/mo ↑ 72% since 2019 |
| Total Units | 4,987 |
| Vacant Units | 172 |
| Avg HH Size | 2.73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 4,987 |
|---|---|
| Vacant | 172 |
| Owner Occupied | 92.7% |
| Renter Occupied | 7.3% |
| Avg HH Size | 2.73 |
ZIP code 55042 is located in Lake Elmo, Minnesota, within Washington County. With a population of 13,156, this is a lightly populated ZIP code with a middle-aged community — the median age is 40.8 years. Economically, 55042 is a affluent ZIP code: the median household income of $154,779 is more than double the national average.
Real estate in ZIP code 55042 represents a premium housing market. The median home value of $594,000 is more than double the national average. Renters can expect to pay around $2,204 per month in median rent. Homeownership is strong here — 92.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 35% since 2019.
The population of 55042 is primarily White (85.64%). Residents are highly educated — 70.1% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.0%. Household income has grown by 29% since 2019.
The unemployment rate in 55042 stands at 2.2%, which is well below the national average. A notably high share of workers — 35% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 56%.
Overall, ZIP code 55042 in Lake Elmo, MN is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 13,156 residents, a median household income of $154,779, and a median home value of $594,000, it offers a clear picture of life in this part of Minnesota.