| ZIP Code | 55387 |
|---|---|
| City | Waconia |
| State | Minnesota (MN) |
| County | Carver County |
| Area Code | 952 |
| Elevation | 961 ft |
| Latitude | 44.861222 |
|---|---|
| Longitude | -93.784034 |
| Timezone | Chicago (DST) |
| FIPS | 27019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.5 yrs |
|---|---|
| Avg Household Size | 2.62 |
| Below Poverty | 4.0% ▼ 60% below avg |
| College Grads | 59.2% ▲ 53% above avg |
| Unemployment | 3.8% ▼ 22% below avg |
| No HS Diploma | 15 (0.2%) |
| HS Graduate | 1,582 (16.5%) |
| Some College | 786 (8.2%) |
| Associates | 1,522 (15.9%) |
| Bachelors | 977 (10.2%) |
| Graduate Degree | 4,679 (48.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $109,279 ▲ 43% above avg ↑ 9% since 2019 |
|---|---|
| Median Home Value | $418,600 ▲ 50% above avg ↑ 33% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,306/mo ↑ 35% since 2019 |
| Total Units | 5,711 |
| Vacant Units | 169 |
| Avg HH Size | 2.62 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,711 |
|---|---|
| Vacant | 169 |
| Owner Occupied | 82.6% |
| Renter Occupied | 17.4% |
| Avg HH Size | 2.62 |
ZIP code 55387 is located in Waconia, Minnesota, within Carver County. With a population of 14,697, this is a lightly populated ZIP code with a middle-aged community — the median age is 38.5 years. Economically, 55387 is a upper-middle-income ZIP code: the median household income of $109,279 is above the national average.
Real estate in ZIP code 55387 represents a premium housing market. The median home value of $418,600 is significantly above the national average. Renters can expect to pay around $1,306 per month in median rent. Homeownership is strong here — 82.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 33% since 2019.
The population of 55387 is primarily White (91.77%). Residents are well-educated — 59.2% 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 9% since 2019.
The unemployment rate in 55387 stands at 3.8%, which is below the national average. About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55387 in Waconia, MN is characterized as upper-middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 14,697 residents, a median household income of $109,279, and a median home value of $418,600, it offers a clear picture of life in this part of Minnesota.