Residential delivery area · Minnesota
ZIP Code 55020: Elko New Market, MN
ZIP code 55020 uses the postal name Elko New Market, Minnesota and lies entirely in Scott County (Census 2020 ZIP-county file). About 4,100 people live there (Census Bureau, ACS 2020-2024), the more populous of Elko New Market's 2 residential ZIP codes. Median household income is $131,071 (Census Bureau, ACS 2020-2024). By Census place, 10% of its land lies in Elko New Market; 90% is outside any Census place.
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Elko New Market · 2 residential ZIPs
- County
- Scott County
- Census places
- Elko New Market
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- House district
- MN-2 119th Congress
- State
- Minnesota
- Time zone
- Central
- Land area
- 23.8 sq mi · 173 people per sq mi
Where is ZIP code 55020?
55020 centers on 44.578°, -93.374° and covers 23.8 square miles of land plus 0.2 of water. It borders 4 ZIP codes: 55054, 55088, 55044, 55372.
The map draws ZIP code areas only. For the streets inside 55020, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0).
How does 55020 compare with the rest of Elko New Market?
| Measure | 55020 | In Elko New Market | In Scott County | In MN |
|---|---|---|---|---|
| People (ACS 2020-2024) | 4,115 | 1st of 2 | 8th of 10 | 285th of 881 |
| Median household income | $131k | not ranked | not ranked | not ranked |
| Median home value | $456k | 1st of 2 | 4th of 10 | 46th of 558 |
55020's median household income is not ranked: its 90% margin of error (±$48,762) is more than a quarter of the figure ($131,071). Rankings use ZIP codes of 1,000 or more people living in households, with margins at most 25% of the figure.
It is denser than 61% of U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 55020?
The 2020 Census counted 4,053 people in 55020; the ACS, which samples households over 2020-2024, estimates 4,115. Between the 2010 and 2020 censuses its population grew 9.0% (its boundary stayed at least 90% the same).
- People, ACS 2020-2024
- 4,115±503 (90% margin)
- 2020 Census count
- 4,053+9.0% since 2010 (3,717)
- Households
- 1,368
- Median age
- 36.6
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 55020?
Of the 4,115 people the ACS estimates in 55020, 29.8% are under 18 and 11.0% are 65 or older. The largest group by race and Hispanic origin is White (not Hispanic) (89.1%).
- Under 1829.8%
- 18 to 6459.2%
- 65 and older11.0%
- White, not Hispanic89.1%
- Black, not Hispanic5.4%
- Hispanic or Latino5.1%
- Other or two or more0.3%
- Asian, not Hispanic0.0%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 55020 earn?
Median household income is $131,071 (ACS 2020-2024). It is not measurably different from 2015-2019 ($143,986 in 2024 dollars): the change is within the surveys' margins of error.
- Median household income
- $131,071±$48,762
- Income per person
- $53,372
- Below the poverty line
- 0.7%
- Unemployed (of the labor force)
- 1.6%
- Adults 25+ with a bachelor's degree
- 36.8%
- Adjusted gross income per tax return, 2022
- $109,6212,070 returns; wages 77% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 55020?
FHFA's house price index for 55020, built from repeat sales and appraisals of the same homes, rose 69% from 2015 to 2025 and rose 38% from 2020 to 2025, and moved +0.1% in 2025.
- Median home value (owners' estimate)
- $455,500
- Median gross rent
- –
- Homes owned by their occupants
- 99.0%
- Housing units
- 1,426
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 55020?
92 business establishments had a location in this ZIP code in 2023, 4 more than in 2018; the most are in construction (ZIP Code Business Patterns).
- Construction24
- Other services (except public administration)13
- Administrative and support and waste management and remediation services9
- Professional, scientific, and technical services8
- Retail trade6
- Transportation and warehousing5
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 55020?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 55054 | Elko New Market | 2,831 | $157k | 1.3 mi |
| 55088 | Webster | 1,812 | $133k | 3.8 mi |
| 55044 | Lakeville | 64,762 | $142k | 6.5 mi |
| 55372 | Prior Lake | 34,772 | $146k | 7.4 mi |
| 55046 | Lonsdale | 6,145 | $96k | 9.5 mi (near) |
| 56071 | New Prague | 13,157 | $116k | 10.5 mi (near) |
| 55306 | Burnsville | 16,830 | $101k | 11.3 mi (near) |
| 55352 | Jordan | 10,515 | $112k | 11.9 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.