| ZIP Code | 56387 |
|---|---|
| City | Waite Park |
| State | Minnesota (MN) |
| County | Stearns County |
| Area Code | 320 |
| Elevation | 1,089 ft |
| Latitude | 45.520868 |
|---|---|
| Longitude | -94.242982 |
| Timezone | Chicago (DST) |
| FIPS | 27145 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.8 yrs ↑ 27% since 2019 |
|---|---|
| Avg Household Size | 2.30 |
| Below Poverty | 24.0% ▲ 140% above avg |
| College Grads | 29.6% ▼ 24% below avg |
| Unemployment | 9.4% ▲ 92% above avg |
| No HS Diploma | 248 (5.4%) |
| HS Graduate | 1,522 (33.2%) |
| Some College | 364 (7.9%) |
| Associates | 1,093 (23.9%) |
| Bachelors | 467 (10.2%) |
| Graduate Degree | 888 (19.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,387 ▼ 25% below avg ↑ 40% since 2019 |
|---|---|
| Median Home Value | $230,500 ▼ 17% below avg ↑ 45% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,072/mo ↑ 27% since 2019 |
| Total Units | 3,460 |
| Vacant Units | 137 |
| Avg HH Size | 2.30 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,460 |
|---|---|
| Vacant | 137 |
| Owner Occupied | 48.6% |
| Renter Occupied | 51.4% |
| Avg HH Size | 2.30 |
ZIP code 56387 is located in Waite Park, Minnesota, within Stearns County. With a population of 7,705, this is a lightly populated ZIP code with a middle-aged community — the median age is 38.8 years. Economically, 56387 is a solidly middle-class ZIP code: the median household income of $57,387 is below the national average.
Real estate in ZIP code 56387 represents an affordable housing market. The median home value of $230,500 is below the national average. Renters can expect to pay around $1,072 per month in median rent. The area has a relatively balanced mix of owners (48.6%) and renters (51.4%). Median home values have increased by 45% since 2019.
The population of 56387 is majority White (52.68%). Residents are moderately educated — 29.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects a significant share of residents at 24.0%. Household income has grown by 40% since 2019.
The unemployment rate in 56387 stands at 9.4%, which is significantly above the national average. As in most parts of the country, driving alone is the dominant commute mode at 82%.
Overall, ZIP code 56387 in Waite Park, MN is characterized as solidly middle-class, moderately educated, and a middle-aged community. With 7,705 residents, a median household income of $57,387, and a median home value of $230,500, it offers a clear picture of life in this part of Minnesota.