| ZIP Code | 55054 |
|---|---|
| City | Elko New Market |
| State | Minnesota (MN) |
| County | Scott County |
| Area Code | 952 |
| Elevation | 1,120 ft |
| Latitude | 44.571531 |
|---|---|
| Longitude | -93.350679 |
| Timezone | Chicago (DST) |
| FIPS | 27139 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.1 yrs ↑ 25% since 2019 |
|---|---|
| Avg Household Size | 2.90 |
| Below Poverty | 0.0% ▼ 100% below avg |
| College Grads | 62.4% ▲ 61% above avg |
| Unemployment | 1.1% ▼ 78% below avg |
| HS Graduate | 319 (18.5%) |
| Some College | 84 (4.9%) |
| Associates | 246 (14.3%) |
| Bachelors | 356 (20.6%) |
| Graduate Degree | 719 (41.7%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $151,845 ▲ 99% above avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $399,300 ▲ 43% above avg ↑ 36% since 2019 |
| Home/Income Ratio | 2.6x (nat avg ~3.5x) |
| Median Rent | $2,311/mo |
| Total Units | 939 |
| Vacant Units | 48 |
| Avg HH Size | 2.90 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 939 |
|---|---|
| Vacant | 48 |
| Owner Occupied | 89.8% |
| Renter Occupied | 10.2% |
| Avg HH Size | 2.90 |
ZIP code 55054 is located in Elko New Market, Minnesota, within Scott County. With a population of 2,582, this is a sparsely populated ZIP code with a middle-aged community — the median age is 40.1 years. Economically, 55054 is a affluent ZIP code: the median household income of $151,845 is significantly above the national average.
Real estate in ZIP code 55054 represents a mid-range housing market. The median home value of $399,300 is above the national average. Renters can expect to pay around $2,311 per month in median rent. Homeownership is strong here — 89.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 36% since 2019.
The population of 55054 is primarily White (81.68%). Residents are highly educated — 62.4% hold a bachelor's degree or higher, which is significantly above the national average. Household income has grown by 23% since 2019.
The unemployment rate in 55054 stands at 1.1%, which is well below the national average. About 22% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55054 in Elko New Market, MN is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 2,582 residents, a median household income of $151,845, and a median home value of $399,300, it offers a clear picture of life in this part of Minnesota.