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.

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 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

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 55368?

46.0

Median Age

44.5%

Male

55.5%

Female

2.4%

Foreign-Born

White 95.7%
African American 0.0%
Asian 2.3%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 2.0%
Hispanic or Latino 0.5%

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

$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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $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 61.4%
Bachelor's Degree or Higher 20.4%

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

Owner 75.2%
Renter 24.8%

$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)

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.

residents

What this shows Among its immediate neighbors, ZIP 55368 ranks #5 by population — useful context the national average alone can't give.

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

ZIP 55368 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 55368 ranks #8 of 8 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
55339 Hamburg, MN 988 3.2 mi
55397 Young America, MN 2,693 5.5 mi
55322 Cologne, MN 3,163 5.7 mi
55338 Green Isle, MN 1,123 7.1 mi
55370 Plato, MN 802 7.5 mi
55387 Waconia, MN 12,249 9.8 mi
56011 Belle Plaine, MN 8,925 11.3 mi

More ZIP Codes in Carver County

Frequently Asked Questions

What county is ZIP code 55368 in?
ZIP code 55368 (Norwood Young America) is located in Carver County, Minnesota. Carver County contains multiple ZIP codes, see the full list at /counties/carver-mn.
What is the population of ZIP code 55368?
ZIP code 55368 in Norwood Young America, MN has a population of 2,218 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55368?
The median household income in ZIP 55368 is $71,250, which is 7% below the national average of $76,288.
What is the average home value in ZIP 55368?
The median home value in ZIP 55368 is $309,800, which is 11% above the national average of $278,155.
What is the demographic makeup of ZIP 55368?
The largest racial group in ZIP 55368 is White at 95.7%. Hispanic or Latino residents make up 0.5% of the population.
How many businesses are in ZIP code 55368?
ZIP code 55368 has 90 business establishments employing approximately 954 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55368?
The top industries by establishment count in ZIP 55368 are: Construction (17), Other services (except public administration) (15), Retail trade (14). There are 11 industry sectors represented in total.
How have home values changed in ZIP code 55368?
According to the FHFA House Price Index, home values in ZIP 55368 decreased by 13.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 86%. 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 55368?
In ZIP code 55368, 61.4% of residents aged 25+ have a high school diploma or higher, and 20.4% 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 55368?
The mean commute time for workers in ZIP code 55368 is 33.0 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55368?
In ZIP code 55368, approximately 75.2% of occupied housing units are owner-occupied and 24.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55368?
The poverty rate in ZIP code 55368 is 9.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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.