| ZIP Code | 56023 |
|---|---|
| City | Delavan |
| State | Minnesota (MN) |
| County | Faribault County |
| Area Code | 507/924 |
| Elevation | 1,067 ft |
| Latitude | 43.771611 |
|---|---|
| Longitude | -94.012902 |
| Timezone | Chicago (DST) |
| FIPS | 27043 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.1 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.47 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 30.5% ▼ 21% below avg |
| Unemployment | 2.1% ▼ 57% below avg |
| HS Graduate | 127 (35.9%) |
| Some College | 42 (11.9%) |
| Associates | 77 (21.8%) |
| Bachelors | 55 (15.5%) |
| Graduate Degree | 53 (15%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $77,361 ≈ Avg ↑ 33% since 2019 |
|---|---|
| Median Home Value | $132,800 ▼ 52% below avg ↑ 52% since 2019 |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $943/mo ↑ 66% since 2019 |
| Total Units | 239 |
| Vacant Units | 26 |
| Avg HH Size | 2.47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 239 |
|---|---|
| Vacant | 26 |
| Owner Occupied | 88.7% |
| Renter Occupied | 11.3% |
| Avg HH Size | 2.47 |
ZIP code 56023 is located in Delavan, Minnesota, within Faribault County. With a population of 527, this is a sparsely populated ZIP code with a middle-aged community — the median age is 43.1 years. Economically, 56023 is a middle-income ZIP code: the median household income of $77,361 is near the national average.
Real estate in ZIP code 56023 represents one of the more affordable housing markets in the country. The median home value of $132,800 is well below the national average. Renters can expect to pay around $943 per month in median rent. Homeownership is strong here — 88.7% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 52% since 2019.
The population of 56023 is primarily White (82.54%). Residents are moderately educated — 30.5% hold a bachelor's degree or higher, which is below the national average. Poverty affects some residents at 16.1%. Household income has grown by 33% since 2019.
The unemployment rate in 56023 stands at 2.1%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 72%.
Overall, ZIP code 56023 in Delavan, MN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 527 residents, a median household income of $77,361, and a median home value of $132,800, it offers a clear picture of life in this part of Minnesota.