Waconia, MN · standard
ZIP Code 55387
Carver County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 12,249
- 151/sq mi High-density area
- $114,511
- Median income Above-median income area
- $440,300
- Median home value Above-median home value
- 48.4%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Waconia pairs an upper-quartile household income with upper-quartile home values, in a rural, homeowner-dominated area.
- Top 11%
- household income, US ZIPs
- Top 17%
- home value, US ZIPs
- 151
- people per sq mi
- 82%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55387 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55387 (Waconia, MN) rose +3.8% from 2023 to 2024. The all-transactions index moved from 201.9 in 2023 to 209.5 in 2024 (2000 = 100).
ZIP code 55387 is a mid-sized community (a standard USPS delivery area) in Waconia, Carver County, Minnesota, home to 12,249 residents across 81.3 square miles, a density of 151 people per square mile, in the Chicago time zone.
ZIP 55387 skews affluent, with a median household income of $114,511 (39% above the average Minnesota ZIP), while per-capita income is $54,619. The poverty rate is 3.9%, with unemployment at 4.2%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $440,300 (72% above the average Minnesota ZIP), while 82.2% of occupied homes are owner-occupied and median rent is $1,330.
A solid share of residents have a four-year degree: 48.4% of adults hold a bachelor's degree or higher, the median age is 39.3, and the average commute is 25 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Carver County, so 55387 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55387
Top 5 sectors by establishment count in Waconia, MN
Which industries have the most business establishments in ZIP 55387.
- Health care and social assistance
Health care and social assistance
60 establishments
- Construction
Construction
52 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
48 establishments
- Retail trade
Retail trade
46 establishments
- Other services (except public administration)
Other services (except public administration)
45 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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 55387, Waconia, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
12,249
Population
81.3
Area (sq mi)
151
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55387?
39.3
Median Age
50.3%
Male
49.7%
Female
2.7%
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?
$114,511
Median Household Income
+39% vs state ZIP avg
$54,619
Per Capita Income
3.9%
Poverty Rate
4.2%
Unemployment Rate
25.1 min
Mean Commute Time
How ZIP 55387 ranks among Minnesota ZIPs
Waconia, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$114,511 Top 8% higher than 92% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota 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?
Housing stock: occupied vs vacant
5,904housing units
5,904
Total Housing Units
5,746
Occupied Units
158
Vacant Units
2.58
Avg Household Size
Occupancy Type
$440,300
Median Home Value
+72% vs state ZIP avg
$1,330
Median Rent
2000
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)
210
HPI Index (2000 = 100)
+110%
Total Change Since 2000
Home values in ZIP 55387 have increased 3.8% over the past year (2024). Since 2000, this ZIP has seen +110% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.7% | 161 |
| 2021 | +10.0% | 178 |
| 2022 | +13.9% | 202 |
| 2023 | -0.1% | 202 |
| 2024 | +3.8% | 210 |
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 452 business establishments in ZIP 55387, employing approximately 7,538 people with a combined annual payroll of $389,576,000.
452
Businesses
7,538
Employees
$389.6M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 60 | 13.3% |
| Construction | 52 | 11.5% |
| Professional, scientific, and technical services | 48 | 10.6% |
| Retail trade | 46 | 10.2% |
| Other services (except public administration) | 45 | 10.0% |
| Accommodation and food services | 35 | 7.7% |
| Real estate and rental and leasing | 30 | 6.6% |
| Finance and insurance | 27 | 6.0% |
| Manufacturing | 26 | 5.8% |
| Administrative and support and waste management and remediation services | 24 | 5.3% |
| Wholesale trade | 21 | 4.7% |
| Arts, entertainment, and recreation | 12 | 2.6% |
| Information | 11 | 2.4% |
| Transportation and warehousing | 9 | 2.0% |
| Educational services | 4 | 0.9% |
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 55387 vs 55375 →
ZIP 55387 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55318
Chaska (55318)
25,493 residents
- 55364
Mound (55364)
14,353 residents
- 55387
Waconia (55387)
12,249 residents
- 55386 6,330
Victoria (55386)
6,330 residents
- 55359 5,954
Maple Plain (55359)
5,954 residents
- 55388 5,619
Watertown (55388)
5,619 residents
- 55315 4,762
Carver (55315)
4,762 residents
- 55375 4,518
Saint Bonifacius (55375)
4,518 residents
- 55322 3,163
Cologne (55322)
3,163 residents
What this shows Among its immediate neighbors, ZIP 55387 ranks #3 by population - useful context the national average alone can't give.
ZIP 55387 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55386
Victoria (55386)
$192,458 median income
- 55315
Carver (55315)
$140,893 median income
- 55375
Saint Bonifacius (55375)
$130,893 median income
- 55359
Maple Plain (55359)
$129,250 median income
- 55322
Cologne (55322)
$124,861 median income
- 55360
Mayer (55360)
$122,117 median income
- 55387
Waconia (55387)
$114,511 median income
- 55318
Chaska (55318)
$112,243 median income
- 55364
Mound (55364)
$108,725 median income
What this shows By household income, ZIP 55387 ranks #7 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55375 | Saint Bonifacius, MN | 4,518 | 3.2 mi |
| 55322 | Cologne, MN | 3,163 | 6.0 mi |
| 55386 | Victoria, MN | 6,330 | 5.3 mi |
| 55388 | Watertown, MN | 5,619 | 7.3 mi |
| 55364 | Mound, MN | 14,353 | 7.5 mi |
| 55318 | Chaska, MN | 25,493 | 7.5 mi |
| 55360 | Mayer, MN | 2,672 | 7.9 mi |
| 55359 | Maple Plain, MN | 5,954 | 10.9 mi |
| 55384 | Spring Park, MN | 1,672 | 9.0 mi |
| 55315 | Carver, MN | 4,762 | 10.5 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55387, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (12,249 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Carver County
Related Areas
Frequently Asked Questions
What county is ZIP code 55387 in?
ZIP code 55387 (Waconia) 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 55387?
ZIP code 55387 in Waconia, MN has a population of 12,249 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55387?
The median household income in ZIP 55387 is $114,511, which is 50% above the national average of $76,288.
What is the average home value in ZIP 55387?
The median home value in ZIP 55387 is $440,300, which is 58% above the national average of $278,155.
What is the demographic makeup of ZIP 55387?
The largest racial group in ZIP 55387 is White at 91.7%. Hispanic or Latino residents make up 3.5% of the population.
How many businesses are in ZIP code 55387?
ZIP code 55387 has 452 business establishments employing approximately 7,538 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55387?
The top industries by establishment count in ZIP 55387 are: Health care and social assistance (60), Construction (52), Professional, scientific, and technical services (48). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 55387?
According to the FHFA House Price Index, home values in ZIP 55387 increased by 3.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 110%. 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 55387?
In ZIP code 55387, 66.8% of residents aged 25+ have a high school diploma or higher, and 48.4% 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 55387?
The mean commute time for workers in ZIP code 55387 is 25.1 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 55387?
In ZIP code 55387, approximately 82.2% of occupied housing units are owner-occupied and 17.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55387?
The poverty rate in ZIP code 55387 is 3.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 55387's numbers, next.
- See how ZIP 55387 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Waconia, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.