| ZIP Code | 55049 |
|---|---|
| City | Medford |
| State | Minnesota (MN) |
| County | Steele County |
| Area Code | 507/924 |
| Elevation | 1,100 ft |
| Latitude | 44.17663 |
|---|---|
| Longitude | -93.238 |
| Timezone | Chicago (DST) |
| FIPS | 27147 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 37.1 yrs ↑ 7% since 2019 |
|---|---|
| Avg Household Size | 2.82 |
| Below Poverty | 6.2% ▼ 39% below avg |
| College Grads | 35.0% ▼ 10% below avg |
| Unemployment | 4.2% ▼ 15% below avg |
| No HS Diploma | 48 (3.2%) |
| HS Graduate | 538 (35.6%) |
| Some College | 164 (10.8%) |
| Associates | 233 (15.4%) |
| Bachelors | 180 (11.9%) |
| Graduate Degree | 349 (23.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $90,700 ▲ 19% above avg ↑ 24% since 2019 |
|---|---|
| Median Home Value | $233,100 ▼ 16% below avg ↑ 41% since 2019 |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $1,250/mo ↑ 79% since 2019 |
| Total Units | 989 |
| Vacant Units | 63 |
| Avg HH Size | 2.82 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 989 |
|---|---|
| Vacant | 63 |
| Owner Occupied | 84.1% |
| Renter Occupied | 15.9% |
| Avg HH Size | 2.82 |
ZIP code 55049 is located in Medford, Minnesota, within Steele County. With a population of 2,634, this is a sparsely populated ZIP code with a relatively young community — the median age is 37.1 years. Economically, 55049 is a middle-income ZIP code: the median household income of $90,700 is above the national average.
Real estate in ZIP code 55049 represents an affordable housing market. The median home value of $233,100 is below the national average. Renters can expect to pay around $1,250 per month in median rent. Homeownership is strong here — 84.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 41% since 2019.
The population of 55049 is primarily White (76.27%). Residents are moderately educated — 35.0% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 6.2%. Household income has grown by 24% since 2019.
The unemployment rate in 55049 stands at 4.2%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 79%.
Overall, ZIP code 55049 in Medford, MN is characterized as middle-income, moderately educated, a relatively young community, and predominantly owner-occupied. With 2,634 residents, a median household income of $90,700, and a median home value of $233,100, it offers a clear picture of life in this part of Minnesota.