| ZIP Code | 55342 |
|---|---|
| City | Hector |
| State | Minnesota (MN) |
| County | Renville County |
| Area Code | 320 |
| Elevation | 1,084 ft |
| Latitude | 44.74292 |
|---|---|
| Longitude | -94.739003 |
| Timezone | Chicago (DST) |
| FIPS | 27129 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.8 yrs ↓ 16% since 2019 |
|---|---|
| Avg Household Size | 2.38 |
| Below Poverty | 9.5% ≈ Avg |
| College Grads | 32.7% ▼ 16% below avg |
| Unemployment | 4.4% ▼ 11% below avg |
| No HS Diploma | 19 (1.6%) |
| HS Graduate | 438 (36.5%) |
| Some College | 145 (12.1%) |
| Associates | 206 (17.2%) |
| Bachelors | 199 (16.6%) |
| Graduate Degree | 194 (16.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $63,257 ▼ 17% below avg |
|---|---|
| Median Home Value | $148,100 ▼ 47% below avg ↑ 53% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $1,014/mo ↑ 28% since 2019 |
| Total Units | 937 |
| Vacant Units | 150 |
| Avg HH Size | 2.38 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 937 |
|---|---|
| Vacant | 150 |
| Owner Occupied | 80.8% |
| Renter Occupied | 19.2% |
| Avg HH Size | 2.38 |
ZIP code 55342 is located in Hector, Minnesota, within Renville County. With a population of 1,884, this is a sparsely populated ZIP code with a middle-aged community — the median age is 40.8 years. Economically, 55342 is a solidly middle-class ZIP code: the median household income of $63,257 is below the national average.
Real estate in ZIP code 55342 represents one of the more affordable housing markets in the country. The median home value of $148,100 is below the national average. Renters can expect to pay around $1,014 per month in median rent. Homeownership is strong here — 80.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 53% since 2019.
The population of 55342 is primarily White (89.65%). Residents are moderately educated — 32.7% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 9.5%.
The unemployment rate in 55342 stands at 4.4%, which is near the national average. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55342 in Hector, MN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 1,884 residents, a median household income of $63,257, and a median home value of $148,100, it offers a clear picture of life in this part of Minnesota.