Elgin, MN · standard
ZIP Code 55932
Wabasha County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,042
- 16/sq mi Moderate-density area
- $100,078
- Median income Above-median income area
- $316,500
- Median home value Above-median home value
- 32.4%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Elgin pairs an upper-quartile household income with above-median home values, in a rural, homeowner-dominated area.
- Top 19%
- household income, US ZIPs
- Top 31%
- home value, US ZIPs
- 16
- people per sq mi
- 85%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55932 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 55932 (Elgin, MN) rose +17.2% from 2023 to 2024. The all-transactions index moved from 189.2 in 2023 to 221.8 in 2024 (2000 = 100).
ZIP code 55932 covers 131.7 square miles in Elgin, Wabasha County, Minnesota (a standard USPS delivery area), with a modest 2,042 residents on file, a density of 16 people per square mile, in the Chicago time zone.
ZIP 55932 lands in the middle-income range, with a median household income of $100,078 (22% above the average Minnesota ZIP), while per-capita income is $46,342. Both reported hardship measures are comparatively low in absolute terms: poverty is 5.8% and unemployment is 3.1%. Housing is both higher-cost and owner-heavy: median home value is $316,500 (24% above the average Minnesota ZIP), while 85.3% of occupied homes are owner-occupied and median rent is $730.
A solid share of residents have a four-year degree: 32.4% of adults hold a bachelor's degree or higher, the median age is 38.5, and the average commute is 26 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Wabasha County, so 55932 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 55932
Top 5 sectors by establishment count in Elgin, MN
Which industries have the most business establishments in ZIP 55932.
- Construction
Construction
21 establishments
- Other services (except public administration) 6
Other services (except public administration)
6 establishments
- Wholesale trade 5
Wholesale trade
5 establishments
- Transportation and warehousing 4
Transportation and warehousing
4 establishments
- Retail trade 3
Retail trade
3 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 55932, Elgin, 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
2,042
Population
131.7
Area (sq mi)
16
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55932?
38.5
Median Age
51.4%
Male
48.6%
Female
0.9%
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?
$100,078
Median Household Income
+22% vs state ZIP avg
$46,342
Per Capita Income
5.8%
Poverty Rate
3.1%
Unemployment Rate
26.4 min
Mean Commute Time
How ZIP 55932 ranks among Minnesota ZIPs
Elgin, 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)
$100,078 Top 17% higher than 83% 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
854housing units
854
Total Housing Units
775
Occupied Units
79
Vacant Units
2.58
Avg Household Size
Occupancy Type
$316,500
Median Home Value
+24% vs state ZIP avg
$730
Median Rent
1980
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
+17.2%
YoY Change (2024)
222
HPI Index (2000 = 100)
+122%
Total Change Since 2000
Home values in ZIP 55932 have increased 17.2% over the past year (2024). Since 2000, this ZIP has seen +122% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +11.2% | 156 |
| 2021 | +4.3% | 163 |
| 2022 | +25.9% | 205 |
| 2023 | -7.7% | 189 |
| 2024 | +17.2% | 222 |
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 57 business establishments in ZIP 55932, employing approximately 289 people with a combined annual payroll of $13,191,000.
57
Businesses
289
Employees
$13.2M
Annual Payroll
9
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 21 | 36.8% |
| Other services (except public administration) | 6 | 10.5% |
| Wholesale trade | 5 | 8.8% |
| Transportation and warehousing | 4 | 7.0% |
| Retail trade | 3 | 5.3% |
| Real estate and rental and leasing | 3 | 5.3% |
| Administrative and support and waste management and remediation services | 3 | 5.3% |
| Health care and social assistance | 3 | 5.3% |
| Accommodation and food services | 3 | 5.3% |
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 55932 vs 55957 →
ZIP 55932 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55906
Rochester (55906)
17,598 residents
- 55964 4,389
Plainview (55964)
4,389 residents
- 55934 3,338
Eyota (55934)
3,338 residents
- 55932 2,042
Elgin (55932)
2,042 residents
- 55991 1,490
Zumbro Falls (55991)
1,490 residents
- 55957 756
Millville (55957)
756 residents
What this shows Among its immediate neighbors, ZIP 55932 ranks #4 by population - useful context the national average alone can't give.
ZIP 55932 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55932
Elgin (55932)
$100,078 median income
- 55906
Rochester (55906)
$93,685 median income
- 55934
Eyota (55934)
$84,952 median income
- 55964
Plainview (55964)
$84,318 median income
- 55991
Zumbro Falls (55991)
$82,292 median income
- 55957
Millville (55957)
$76,094 median income
What this shows By household income, ZIP 55932 ranks the highest of 6 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55932, 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 (2,042 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Wabasha County
Related Areas
Frequently Asked Questions
What county is ZIP code 55932 in?
ZIP code 55932 (Elgin) is located in Wabasha County, Minnesota. Wabasha County contains multiple ZIP codes, see the full list at /counties/wabasha-mn.
What is the population of ZIP code 55932?
ZIP code 55932 in Elgin, MN has a population of 2,042 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55932?
The median household income in ZIP 55932 is $100,078, which is 31% above the national average of $76,288.
What is the average home value in ZIP 55932?
The median home value in ZIP 55932 is $316,500, which is 14% above the national average of $278,155.
What is the demographic makeup of ZIP 55932?
The largest racial group in ZIP 55932 is White at 93.3%. Hispanic or Latino residents make up 2.6% of the population.
How many businesses are in ZIP code 55932?
ZIP code 55932 has 57 business establishments employing approximately 289 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55932?
The top industries by establishment count in ZIP 55932 are: Construction (21), Other services (except public administration) (6), Wholesale trade (5). There are 9 industry sectors represented in total.
How have home values changed in ZIP code 55932?
According to the FHFA House Price Index, home values in ZIP 55932 increased by 17.2% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 122%. 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 55932?
In ZIP code 55932, 62.9% of residents aged 25+ have a high school diploma or higher, and 32.4% 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 55932?
The mean commute time for workers in ZIP code 55932 is 26.4 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 55932?
In ZIP code 55932, approximately 85.3% of occupied housing units are owner-occupied and 14.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55932?
The poverty rate in ZIP code 55932 is 5.8% 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 55932's numbers, next.
- See how ZIP 55932 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Elgin, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.