Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.1 yrs |
|---|---|
| Avg HH 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 |
|---|---|
| Median Home Value | $132,800 ▼ 52% below avg |
| Home/Income Ratio | 1.7x (nat avg ~3.5x) |
| Median Rent | $943/mo |
| Total Housing Units | 239 |
| Vacant Units | 26 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Delavan is a city in Minnesota, located in Faribault County. The city spans 1 ZIP code and is home to approximately 527 residents. It is a middle-aged city, with a median age of 43.1 years.
Economically, Delavan is a middle-income community. The median household income of $77,361 is near the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 2.1%, well below the national average.
The real estate market in Delavan is one of the more affordable housing markets in the country. Median home values stand at $132,800, which is well below the national average. Renters typically pay around $943 per month. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.
The population of Delavan is moderately educated. 30.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (82.54%).
Delavan, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56023 | 527 | $77,361 | $132,800 | $943 | 2.1% | 30.5% | 88.7% |