| ZIP Code | 56054 |
|---|---|
| City | Lafayette |
| State | Minnesota (MN) |
| County | Nicollet County |
| Area Code | 507/924 |
| Elevation | 1,020 ft |
| Latitude | 44.435729 |
|---|---|
| Longitude | -94.370394 |
| Timezone | Chicago (DST) |
| FIPS | 27103 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.2 yrs ↑ 23% since 2019 |
|---|---|
| Avg Household Size | 2.61 |
| Below Poverty | 2.3% ▼ 77% below avg |
| College Grads | 39.9% ≈ Avg |
| Unemployment | 0.0% ▼ 100% below avg |
| No HS Diploma | 2 (0.3%) |
| HS Graduate | 168 (26.9%) |
| Some College | 72 (11.5%) |
| Associates | 133 (21.3%) |
| Bachelors | 88 (14.1%) |
| Graduate Degree | 161 (25.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $97,344 ▲ 28% above avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $200,400 ▼ 28% below avg ↑ 63% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $840/mo ↑ 10% since 2019 |
| Total Units | 377 |
| Vacant Units | 46 |
| Avg HH Size | 2.61 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 377 |
|---|---|
| Vacant | 46 |
| Owner Occupied | 92.2% |
| Renter Occupied | 7.9% |
| Avg HH Size | 2.61 |
ZIP code 56054 is located in Lafayette, Minnesota, within Nicollet County. With a population of 865, this is a sparsely populated ZIP code with a middle-aged community — the median age is 43.2 years. Economically, 56054 is a middle-income ZIP code: the median household income of $97,344 is above the national average.
Real estate in ZIP code 56054 represents an affordable housing market. The median home value of $200,400 is below the national average. Renters can expect to pay around $840 per month in median rent. Homeownership is strong here — 92.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 63% since 2019.
The population of 56054 is primarily White (96.88%). Residents are moderately educated — 39.9% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 2.3%. Household income has grown by 22% since 2019.
As in most parts of the country, driving alone is the dominant commute mode at 83%.
Overall, ZIP code 56054 in Lafayette, MN is characterized as middle-income, moderately educated, a middle-aged community, and predominantly owner-occupied. With 865 residents, a median household income of $97,344, and a median home value of $200,400, it offers a clear picture of life in this part of Minnesota.