| ZIP Code | 55388 |
|---|---|
| City | Watertown |
| State | Minnesota (MN) |
| County | Carver County |
| Area Code | 952 |
| Elevation | 939 ft |
| Latitude | 44.954831 |
|---|---|
| Longitude | -93.848665 |
| Timezone | Chicago (DST) |
| FIPS | 27019 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 35.7 yrs ↓ 7% since 2019 |
|---|---|
| Avg Household Size | 2.59 |
| Below Poverty | 9.5% ≈ Avg |
| College Grads | 46.2% ▲ 19% above avg |
| Unemployment | 0.6% ▼ 88% below avg |
| No HS Diploma | 13 (0.3%) |
| HS Graduate | 947 (25.3%) |
| Some College | 438 (11.7%) |
| Associates | 615 (16.4%) |
| Bachelors | 850 (22.7%) |
| Graduate Degree | 878 (23.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,273 ▲ 21% above avg ↑ 8% since 2019 |
|---|---|
| Median Home Value | $333,100 ▲ 19% above avg ↑ 43% since 2019 |
| Home/Income Ratio | 3.6x (nat avg ~3.5x) |
| Median Rent | $998/mo ↑ 35% since 2019 |
| Total Units | 2,386 |
| Vacant Units | 100 |
| Avg HH Size | 2.59 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,386 |
|---|---|
| Vacant | 100 |
| Owner Occupied | 81.1% |
| Renter Occupied | 18.9% |
| Avg HH Size | 2.59 |
ZIP code 55388 is located in Watertown, Minnesota, within Carver County. With a population of 5,974, this is a lightly populated ZIP code with a relatively young community — the median age is 35.7 years. Economically, 55388 is a middle-income ZIP code: the median household income of $92,273 is above the national average.
Real estate in ZIP code 55388 represents a mid-range housing market. The median home value of $333,100 is above the national average. Renters can expect to pay around $998 per month in median rent. Homeownership is strong here — 81.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 43% since 2019.
The population of 55388 is primarily White (93.72%). Residents are well-educated — 46.2% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 9.5%. Household income has grown by 8% since 2019.
The unemployment rate in 55388 stands at 0.6%, which is well below the national average. About 19% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 55388 in Watertown, MN is characterized as middle-income, well-educated, a relatively young community, and predominantly owner-occupied. With 5,974 residents, a median household income of $92,273, and a median home value of $333,100, it offers a clear picture of life in this part of Minnesota.