| ZIP Code | 55060 |
|---|---|
| City | Owatonna |
| State | Minnesota (MN) |
| County | Steele County |
| Area Code | 507/924 |
| Elevation | 1,223 ft |
| Latitude | 44.059703 |
|---|---|
| Longitude | -93.227333 |
| Timezone | Chicago (DST) |
| FIPS | 27147 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.3 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.42 |
| Below Poverty | 7.8% ▼ 22% below avg |
| College Grads | 44.2% ▲ 14% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 279 (1.4%) |
| HS Graduate | 5,436 (28%) |
| Some College | 2,293 (11.8%) |
| Associates | 2,832 (14.6%) |
| Bachelors | 2,361 (12.2%) |
| Graduate Degree | 6,220 (32%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,848 ▲ 10% above avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $239,300 ▼ 14% below avg ↑ 39% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,018/mo ↑ 32% since 2019 |
| Total Units | 12,631 |
| Vacant Units | 609 |
| Avg HH Size | 2.42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,631 |
|---|---|
| Vacant | 609 |
| Owner Occupied | 78.0% |
| Renter Occupied | 22.0% |
| Avg HH Size | 2.42 |
ZIP code 55060 is located in Owatonna, Minnesota, within Steele County. With a population of 29,601, this is a moderately populated ZIP code with a middle-aged community — the median age is 40.3 years. Economically, 55060 is a middle-income ZIP code: the median household income of $83,848 is near the national average.
Real estate in ZIP code 55060 represents an affordable housing market. The median home value of $239,300 is near the national average. Renters can expect to pay around $1,018 per month in median rent. Homeownership is strong here — 78.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 39% since 2019.
The population of 55060 is primarily White (84.27%). Residents are well-educated — 44.2% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 7.8%. Household income has grown by 30% since 2019.
The unemployment rate in 55060 stands at 3.2%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 81%.
Overall, ZIP code 55060 in Owatonna, MN is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 29,601 residents, a median household income of $83,848, and a median home value of $239,300, it offers a clear picture of life in this part of Minnesota.