| ZIP Code | 56068 |
|---|---|
| City | Minnesota Lake |
| State | Minnesota (MN) |
| County | Faribault County |
| Area Code | 507/924 |
| Elevation | 1,063 ft |
| Latitude | 43.865306 |
|---|---|
| Longitude | -93.806142 |
| Timezone | Chicago (DST) |
| FIPS | 27043 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.9 yrs ↓ 6% since 2019 |
|---|---|
| Avg Household Size | 2.20 |
| Below Poverty | 9.6% ≈ Avg |
| College Grads | 39.0% ≈ Avg |
| Unemployment | 3.6% ▼ 27% below avg |
| No HS Diploma | 1 (0.1%) |
| HS Graduate | 181 (26.5%) |
| Some College | 79 (11.5%) |
| Associates | 156 (22.8%) |
| Bachelors | 102 (14.9%) |
| Graduate Degree | 165 (24.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $68,988 ▼ 10% below avg ↑ 11% since 2019 |
|---|---|
| Median Home Value | $160,400 ▼ 42% below avg ↑ 26% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $956/mo ↑ 56% since 2019 |
| Total Units | 481 |
| Vacant Units | 40 |
| Avg HH Size | 2.20 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 481 |
|---|---|
| Vacant | 40 |
| Owner Occupied | 76.4% |
| Renter Occupied | 23.6% |
| Avg HH Size | 2.20 |
ZIP code 56068 is located in Minnesota Lake, Minnesota, within Faribault County. With a population of 971, this is a sparsely populated ZIP code with a mature community — the median age is 45.9 years. Economically, 56068 is a solidly middle-class ZIP code: the median household income of $68,988 is near the national average.
Real estate in ZIP code 56068 represents an affordable housing market. The median home value of $160,400 is below the national average. Renters can expect to pay around $956 per month in median rent. Homeownership is strong here — 76.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 26% since 2019.
The population of 56068 is primarily White (95.88%). Residents are moderately educated — 39.0% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 9.6%. Household income has grown by 11% since 2019.
The unemployment rate in 56068 stands at 3.6%, which is below the national average. About 11% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 56068 in Minnesota Lake, MN is characterized as solidly middle-class, moderately educated, a mature community, and predominantly owner-occupied. With 971 residents, a median household income of $68,988, and a median home value of $160,400, it offers a clear picture of life in this part of Minnesota.