Norwood Young America, MN · standard
ZIP Code 55368
Carver County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,218
- 23/sq mi
- $71,250
- Median income
- $309,800
- Median home value
- 20.4%
- Bachelor's or higher
The verdict
Norwood Young America pairs a below-median household income with above-median home values, in a rural, homeowner-dominated area.
- 49th pct
- household income, US ZIPs
- Top 32%
- home value, US ZIPs
- 23
- people per sq mi
- 75%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55368 against every reporting US ZIP.
ZIP code 55368 is classified by USPS as a standard delivery area and covers roughly 94.8 square miles in Norwood Young America, Carver County, Minnesota. The area is home to 2,218 residents, producing a population density of 23 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 55368 against Minnesota and the nation.
On the economic side, the median household income for ZIP 55368 sits at $71,250 (13% below the Minnesota average), while per-capita income is $36,562. The poverty rate stands at 9.5% and the unemployment rate at 0.0%. On housing, the median home value is $309,800 (21% above the state average) with median rent at $1,213 per month, and 75.2% of occupied units are owner-occupied, a direct signal of whether 55368 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 20.4% of adults hold a bachelor's degree or higher, the median age is 46, and the average commute is 33 minutes. We also surface 7 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Carver County, so you can benchmark 55368 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 55368
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 55368.
- Construction
Construction
17 establishments
- Other services (except public administration)
Other services (except public administration)
15 establishments
- Retail trade
Retail trade
14 establishments
- Accommodation and food services
Accommodation and food services
10 establishments
- Health care and social assistance
Health care and social assistance
8 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, 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 55368, Norwood Young America, 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
2,218
Population
94.8
Area (sq mi)
23
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55368?
46.0
Median Age
44.5%
Male
55.5%
Female
2.4%
Foreign-Born
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?
$71,250
Median Household Income
-13% vs state
$36,562
Per Capita Income
9.5%
Poverty Rate
0.0%
Unemployment Rate
33.0 min
Mean Commute Time
How ZIP 55368 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$71,250 49th percentile higher than 49% of 30,318 US ZIPs
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?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
746
Total Housing Units
725
Occupied Units
21
Vacant Units
2.41
Avg Household Size
Occupancy Type
$309,800
Median Home Value
+21% vs state
$1,213
Median Rent
1978
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
-13.7%
YoY Change (2024)
186
HPI Index (2000 = 100)
+86%
Total Change Since 2000
Home values in ZIP 55368 have decreased 13.7% over the past year (2024). Since 2000, this ZIP has seen +86% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +5.6% | 153 |
| 2021 | +9.9% | 168 |
| 2022 | +12.9% | 190 |
| 2023 | +13.8% | 216 |
| 2024 | -13.7% | 186 |
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 90 business establishments in ZIP 55368, employing approximately 954 people with a combined annual payroll of $54,050,000.
90
Businesses
954
Employees
$54.0M
Annual Payroll
11
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 17 | 18.9% |
| Other services (except public administration) | 15 | 16.7% |
| Retail trade | 14 | 15.6% |
| Accommodation and food services | 10 | 11.1% |
| Health care and social assistance | 8 | 8.9% |
| Manufacturing | 5 | 5.6% |
| Transportation and warehousing | 5 | 5.6% |
| Finance and insurance | 5 | 5.6% |
| Wholesale trade | 3 | 3.3% |
| Professional, scientific, and technical services | 3 | 3.3% |
| Administrative and support and waste management and remediation services | 3 | 3.3% |
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 55368 vs 55339 →
ZIP 55368 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55387
Waconia (55387)
12,249 residents
- 56011
Belle Plaine (56011)
8,925 residents
- 55322 3,163
Cologne (55322)
3,163 residents
- 55397 2,693
Young America (55397)
2,693 residents
- 55368 2,218
Norwood Young America (55368)
2,218 residents
- 55338 1,123
Green Isle (55338)
1,123 residents
- 55339 988
Hamburg (55339)
988 residents
- 55370 802
Plato (55370)
802 residents
What this shows Among its immediate neighbors, ZIP 55368 ranks #5 by population — useful context the national average alone can't give.
ZIP 55368 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55322
Cologne (55322)
$124,861 median income
- 55387
Waconia (55387)
$114,511 median income
- 55370
Plato (55370)
$103,750 median income
- 56011
Belle Plaine (56011)
$102,522 median income
- 55339
Hamburg (55339)
$92,813 median income
- 55338
Green Isle (55338)
$86,563 median income
- 55397
Young America (55397)
$81,957 median income
- 55368
Norwood Young America (55368)
$71,250 median income
What this shows By household income, ZIP 55368 ranks #8 of 8 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Carver County
Related Areas
Frequently Asked Questions
What county is ZIP code 55368 in? ▼
What is the population of ZIP code 55368? ▼
What is the median household income in ZIP 55368? ▼
What is the average home value in ZIP 55368? ▼
What is the demographic makeup of ZIP 55368? ▼
How many businesses are in ZIP code 55368? ▼
What are the main industries in ZIP code 55368? ▼
How have home values changed in ZIP code 55368? ▼
What is the education level in ZIP code 55368? ▼
What is the average commute time in ZIP 55368? ▼
What percentage of residents own vs. rent in ZIP 55368? ▼
What is the poverty rate in ZIP code 55368? ▼
ZIP Code Research Guides
Official Data Resources for Norwood Young America, MN
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.