Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.3 yrs |
|---|---|
| Avg HH Size | 2.42 |
| Below Poverty | 7.8% ▼ 22% below avg |
| College Grads | 44.2% ▲ 14% above avg |
| Unemployment | 3.2% ▼ 34% below avg |
| No HS Diploma | 279 (1.4%) |
| HS Graduate | 5,436 (28%) |
| Some College | 2,293 (11.8%) |
| Associates | 2,832 (14.6%) |
| Bachelors | 2,361 (12.2%) |
| Graduate Degree | 6,220 (32%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $83,848 ▲ 10% above avg |
|---|---|
| Median Home Value | $239,300 ▼ 14% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,018/mo |
| Total Housing Units | 12,631 |
| Vacant Units | 609 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Owatonna is a city in Minnesota, located in Steele County. The city spans 1 ZIP code and is home to approximately 29,601 residents. It is a middle-aged city, with a median age of 40.3 years.
Economically, Owatonna is a middle-income community. The median household income of $83,848 is near the national average. Approximately 7.8% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Owatonna is an affordable housing market. Median home values stand at $239,300, which is near the national average. Renters typically pay around $1,018 per month. Homeownership is high at 78.0%, typical of suburban and family-oriented communities.
The population of Owatonna is well-educated. 44.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (84.27%).
Owatonna, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55060 | 29,601 | $83,848 | $239,300 | $1,018 | 3.2% | 44.2% | 78.0% |