| ZIP Code | 56007 |
|---|---|
| City | Albert Lea |
| State | Minnesota (MN) |
| County | Freeborn County |
| Area Code | 507/924 |
| Elevation | 1,265 ft |
| Latitude | 43.660887 |
|---|---|
| Longitude | -93.324563 |
| Timezone | Chicago (DST) |
| FIPS | 27047 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.0 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.31 |
| Below Poverty | 10.4% ≈ Avg |
| College Grads | 34.6% ▼ 11% below avg |
| Unemployment | 3.9% ▼ 20% below avg |
| No HS Diploma | 339 (2.4%) |
| HS Graduate | 4,656 (33%) |
| Some College | 1,859 (13.2%) |
| Associates | 2,373 (16.8%) |
| Bachelors | 2,160 (15.3%) |
| Graduate Degree | 2,710 (19.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,479 ▼ 13% below avg ↑ 33% since 2019 |
|---|---|
| Median Home Value | $161,100 ▼ 42% below avg ↑ 49% since 2019 |
| Home/Income Ratio | 2.4x (nat avg ~3.5x) |
| Median Rent | $843/mo ↑ 23% since 2019 |
| Total Units | 9,873 |
| Vacant Units | 824 |
| Avg HH Size | 2.31 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 9,873 |
|---|---|
| Vacant | 824 |
| Owner Occupied | 76.1% |
| Renter Occupied | 23.9% |
| Avg HH Size | 2.31 |
ZIP code 56007 is located in Albert Lea, Minnesota, within Freeborn County. With a population of 21,467, this is a moderately populated ZIP code with a middle-aged community — the median age is 44 years. Economically, 56007 is a solidly middle-class ZIP code: the median household income of $66,479 is near the national average.
Real estate in ZIP code 56007 represents an affordable housing market. The median home value of $161,100 is below the national average. Renters can expect to pay around $843 per month in median rent. Homeownership is strong here — 76.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 49% since 2019.
The population of 56007 is primarily White (78.67%). Residents are moderately educated — 34.6% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.4%. Household income has grown by 33% since 2019.
The unemployment rate in 56007 stands at 3.9%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 56007 in Albert Lea, MN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 21,467 residents, a median household income of $66,479, and a median home value of $161,100, it offers a clear picture of life in this part of Minnesota.