ZIP Code 56023 Demographics

Faribault County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 56023 compared to county averages.

Total Population

518

↓ 96.3% vs county

Median HH Income

$74,531

↑ +16.5% vs county

Median Home Value

$119,000

↑ +2.6% vs county

Median Age

49.2 yrs

↓ +10.3% vs county

Unemployment Rate

2.1%

↑ 51.1% vs county

Income & Housing Comparison

How ZIP 56023 compares to Faribault County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 56023 $75k Faribault $64k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 56023 $119k Faribault $116k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

12.8%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

84.5%

of occupied housing units are owner-occupied

Median Gross Rent

$730

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 56023 using local Census metrics.

Median Home Value$119,000
Down Payment (20%)$23,800
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$756P&I: $602 | Tax: $119 | Ins: $35
Rent (Local Median)
$730
Renting is CheaperRenting is estimated to save you $26/month compared to buying costs.

How Does 56023 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 56023 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 56023, sorted by distance.

56025 5.4 mi away faribault county 56098 8.6 mi away faribault county 56010 11.5 mi away blue earth county 56013 11.5 mi away faribault county 56065 12.1 mi away blue earth county 56097 15.3 mi away faribault county 56032 22.7 mi away freeborn county 56009 24.1 mi away freeborn county

About Faribault County

Faribault County is located in Minnesota and has a total population of 13,931. The county's median household income is $64,000 and median home value is $116,000. ZIP code 56023 is one of many ZCTAs within this county.

View all ZIP codes in Faribault County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.