PlainZIP

Owatonna, MN · standard

ZIP Code 55060

Steele County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

28,911
55/sq mi
$84,906
Median income
$251,100
Median home value
28.7%
Bachelor's or higher

The verdict

Owatonna pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.

Top 32%
household income, US ZIPs
Top 42%
home value, US ZIPs
55
people per sq mi
77%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55060 against every reporting US ZIP.

ZIP code 55060 is classified by USPS as a standard delivery area and covers roughly 530.5 square miles in Owatonna, Steele County, Minnesota. The area is home to 28,911 residents, producing a population density of 55 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55060 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55060 sits at $84,906 (3% above the Minnesota average), while per-capita income is $42,145. The poverty rate stands at 9.0% and the unemployment rate at 3.6%. On housing, the median home value is $251,100 (2% below the state average) with median rent at $1,069 per month, and 77.2% of occupied units are owner-occupied, a direct signal of whether 55060 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 28.7% of adults hold a bachelor's degree or higher, the median age is 40.6, and the average commute is 18 minutes. We also surface 2 nearby ZIP codes within roughly 10 miles and 4 additional ZIPs sharing Steele County, so you can benchmark 55060 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →

Top industries in ZIP 55060

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55060.

establishments

What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.

Source U.S. Census Bureau · ZIP Code Business Patterns (ZBP) As of 2023

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55060, Owatonna, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.

Quick Facts

28,911

Population

530.5

Area (sq mi)

55

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55060?

40.6

Median Age

50.0%

Male

50.0%

Female

4.3%

Foreign-Born

White 85.3%
African American 4.2%
Asian 0.8%
American Indian or Alaska Native 0.4%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.7%
Hispanic or Latino 8.1%

Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How much do residents earn?

$84,906

Median Household Income

+3% vs state

$42,145

Per Capita Income

9.0%

Poverty Rate

3.6%

Unemployment Rate

18.1 min

Mean Commute Time

How ZIP 55060 ranks nationally

Household income vs. every US ZIP code

Median household income — the full national distribution, with this ZIP marked

$84,906 Top 32% higher than 68% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.

Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What is the education profile here?

High School Graduate or Higher 59.0%
Bachelor's Degree or Higher 28.7%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

12,732

Total Housing Units

12,124

Occupied Units

608

Vacant Units

2.40

Avg Household Size

Occupancy Type

Owner 77.2%
Renter 22.8%

$251,100

Median Home Value

-2% vs state

$1,069

Median Rent

1977

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

How have home values changed over time?

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+3.8%

YoY Change (2024)

207

HPI Index (2000 = 100)

+107%

Total Change Since 2000

Home values in ZIP 55060 have increased 3.8% over the past year (2024). Since 2000, this ZIP has seen +107% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.8% 148
2021 +10.8% 164
2022 +13.3% 186
2023 +7.1% 199
2024 +3.8% 207

Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 820 business establishments in ZIP 55060, employing approximately 17,307 people with a combined annual payroll of $1,130,194,000.

820

Businesses

17,307

Employees

$1.1B

Annual Payroll

17

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 113 13.8%
Retail trade 112 13.7%
Other services (except public administration) 107 13.1%
Accommodation and food services 78 9.5%
Construction 77 9.4%
Finance and insurance 63 7.7%
Manufacturing 49 6.0%
Transportation and warehousing 42 5.1%
Professional, scientific, and technical services 41 5.0%
Administrative and support and waste management and remediation services 40 4.9%
Wholesale trade 23 2.8%
Real estate and rental and leasing 22 2.7%
Arts, entertainment, and recreation 16 1.9%
Information 14 1.7%
Educational services 11 1.3%
Management of companies and enterprises 4 0.5%
Agriculture, forestry, fishing and hunting 3 0.4%

Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.

Nearby ZIP Codes

Want a side-by-side? Compare 55060 vs 55049 →

ZIP 55060 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 55060 ranks the most populous — useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 55060 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 55060 ranks #2 of 3 neighboring ZIPs — local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
55049 Medford, MN 2,476 8.1 mi
56046 Hope, MN 94 7.0 mi

More ZIP Codes in Steele County

55917 standard
Blooming Prairie, MN
Pop: 3,696
55049 standard
Medford, MN
Pop: 2,476
56026 standard
Ellendale, MN
Pop: 2,012
56046 standard
Hope, MN
Pop: 94

Related Areas

Steele County Owatonna, MN Minnesota

Frequently Asked Questions

What county is ZIP code 55060 in? ▼
ZIP code 55060 (Owatonna) is located in Steele County, Minnesota. Steele County contains multiple ZIP codes, see the full list at /counties/steele-mn.
What is the population of ZIP code 55060? ▼
ZIP code 55060 in Owatonna, MN has a population of 28,911 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55060? ▼
The median household income in ZIP 55060 is $84,906, which is 11% above the national average of $76,288.
What is the average home value in ZIP 55060? ▼
The median home value in ZIP 55060 is $251,100, which is 10% below the national average of $278,155.
What is the demographic makeup of ZIP 55060? ▼
The largest racial group in ZIP 55060 is White at 85.3%. Hispanic or Latino residents make up 8.1% of the population.
How many businesses are in ZIP code 55060? ▼
ZIP code 55060 has 820 business establishments employing approximately 17,307 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55060? ▼
The top industries by establishment count in ZIP 55060 are: Health care and social assistance (113), Retail trade (112), Other services (except public administration) (107). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 55060? ▼
According to the FHFA House Price Index, home values in ZIP 55060 increased by 3.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 107%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55060? ▼
In ZIP code 55060, 59.0% of residents aged 25+ have a high school diploma or higher, and 28.7% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55060? ▼
The mean commute time for workers in ZIP code 55060 is 18.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55060? ▼
In ZIP code 55060, approximately 77.2% of occupied housing units are owner-occupied and 22.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55060? ▼
The poverty rate in ZIP code 55060 is 9.0% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Reading Census Demographics
How to interpret population, income, and education data from the Census Bureau.
Understanding ZIP Code Data
What ZIP codes are, how ZCTAs differ, and what the data reveals.
Best ZIP Codes for Families
Key factors to evaluate when choosing a family-friendly neighborhood.
ZIP Codes for Relocation
Data-driven tips for evaluating ZIP codes before a move.

Official Data Resources for Owatonna, MN

Verify and explore additional data for this area using these official government sources.

U.S. Census Bureau
Official demographic, economic, and housing data from the American Community Survey.
HUD Fair Market Rents
Department of Housing and Urban Development rental cost estimates by metropolitan area.
FBI Uniform Crime Reports
Official crime statistics compiled from law enforcement agencies nationwide.
FHFA House Price Index
Federal Housing Finance Agency home value trends based on repeat sales and appraisals.

Read our methodology to see how this data is sourced, computed, and verified.