Albert Lea, MN · standard
ZIP Code 56007
Freeborn County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 21,228
- 49/sq mi Moderate-density area
- $68,846
- Median income Near-median income area
- $166,900
- Median home value Below-median home value
- 18.2%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Albert Lea pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.
- 45th pct
- household income, US ZIPs
- 33rd pct
- home value, US ZIPs
- 49
- people per sq mi
- 77%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56007 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 56007 (Albert Lea, MN) rose +7.8% from 2023 to 2024. The all-transactions index moved from 175.3 in 2023 to 188.9 in 2024 (2000 = 100).
ZIP code 56007 is a densely settled ZIP (a standard USPS delivery area) in Albert Lea, Freeborn County, Minnesota, with 21,228 residents across 437.7 square miles, a density of 49 people per square mile, in the Chicago time zone.
ZIP 56007 reports a modest median household income of $68,846 (16% below the average Minnesota ZIP), while per-capita income is $39,953. The poverty rate is 11.7%, with unemployment at 5.2%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $166,900 (35% below the average Minnesota ZIP), and median rent is $855; owner occupancy is 76.7%.
Educational attainment sits below the national norm: 18.2% of adults hold a bachelor's degree or higher, the median age is 44.3, and the average commute is 18 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Freeborn County, so 56007 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 56007
Top 5 sectors by establishment count in Albert Lea, MN
Which industries have the most business establishments in ZIP 56007.
- Retail trade
Retail trade
108 establishments
- Health care and social assistance
Health care and social assistance
69 establishments
- Other services (except public administration)
Other services (except public administration)
66 establishments
- Accommodation and food services
Accommodation and food services
59 establishments
- Construction
Construction
49 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 56007, Albert Lea, 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
21,228
Population
437.7
Area (sq mi)
49
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56007?
44.3
Median Age
50.5%
Male
49.5%
Female
5.0%
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?
$68,846
Median Household Income
-16% vs state ZIP avg
$39,953
Per Capita Income
11.7%
Poverty Rate
5.2%
Unemployment Rate
17.9 min
Mean Commute Time
How ZIP 56007 ranks among Minnesota ZIPs
Albert Lea, 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)
$68,846 28th percentile higher than 28% 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
9,776housing units
9,776
Total Housing Units
8,911
Occupied Units
865
Vacant Units
2.34
Avg Household Size
Occupancy Type
$166,900
Median Home Value
-35% vs state ZIP avg
$855
Median Rent
1960
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
+7.8%
YoY Change (2024)
189
HPI Index (2000 = 100)
+89%
Total Change Since 2000
Home values in ZIP 56007 have increased 7.8% over the past year (2024). Since 2000, this ZIP has seen +89% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.3% | 135 |
| 2021 | +7.3% | 145 |
| 2022 | +13.5% | 165 |
| 2023 | +6.3% | 175 |
| 2024 | +7.8% | 189 |
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 588 business establishments in ZIP 56007, employing approximately 9,889 people with a combined annual payroll of $499,912,000.
588
Businesses
9,889
Employees
$499.9M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 108 | 18.4% |
| Health care and social assistance | 69 | 11.7% |
| Other services (except public administration) | 66 | 11.2% |
| Accommodation and food services | 59 | 10.0% |
| Construction | 49 | 8.3% |
| Finance and insurance | 42 | 7.1% |
| Manufacturing | 40 | 6.8% |
| Professional, scientific, and technical services | 37 | 6.3% |
| Transportation and warehousing | 31 | 5.3% |
| Wholesale trade | 21 | 3.6% |
| Real estate and rental and leasing | 19 | 3.2% |
| Administrative and support and waste management and remediation services | 16 | 2.7% |
| Arts, entertainment, and recreation | 9 | 1.5% |
| Information | 8 | 1.4% |
| Educational services | 4 | 0.7% |
| Management of companies and enterprises | 3 | 0.5% |
| Industries not classified | 3 | 0.5% |
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 56007 vs 56043 →
ZIP 56007 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56007
Albert Lea (56007)
21,228 residents
- 56036 1,959
Glenville (56036)
1,959 residents
- 56016 1,096
Clarks Grove (56016)
1,096 residents
- 56045 813
Hollandale (56045)
813 residents
- 56043 486
Hayward (56043)
486 residents
- 56089 155
Twin Lakes (56089)
155 residents
What this shows Among its immediate neighbors, ZIP 56007 ranks the most populous - useful context the national average alone can't give.
ZIP 56007 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56043
Hayward (56043)
$97,708 median income
- 56016
Clarks Grove (56016)
$89,583 median income
- 56036
Glenville (56036)
$73,287 median income
- 56045
Hollandale (56045)
$71,250 median income
- 56007
Albert Lea (56007)
$68,846 median income
- 56089
Twin Lakes (56089)
$56,250 median income
What this shows By household income, ZIP 56007 ranks #5 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 56007, 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 (21,228 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Freeborn County
Related Areas
Frequently Asked Questions
What county is ZIP code 56007 in?
ZIP code 56007 (Albert Lea) is located in Freeborn County, Minnesota. Freeborn County contains multiple ZIP codes, see the full list at /counties/freeborn-mn.
What is the population of ZIP code 56007?
ZIP code 56007 in Albert Lea, MN has a population of 21,228 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56007?
The median household income in ZIP 56007 is $68,846, which is 10% below the national average of $76,288.
What is the average home value in ZIP 56007?
The median home value in ZIP 56007 is $166,900, which is 40% below the national average of $278,155.
What is the demographic makeup of ZIP 56007?
The largest racial group in ZIP 56007 is White at 81.3%. Hispanic or Latino residents make up 13.5% of the population.
How many businesses are in ZIP code 56007?
ZIP code 56007 has 588 business establishments employing approximately 9,889 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56007?
The top industries by establishment count in ZIP 56007 are: Retail trade (108), Health care and social assistance (69), Other services (except public administration) (66). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 56007?
According to the FHFA House Price Index, home values in ZIP 56007 increased by 7.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 89%. 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 56007?
In ZIP code 56007, 51.1% of residents aged 25+ have a high school diploma or higher, and 18.2% 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 56007?
The mean commute time for workers in ZIP code 56007 is 17.9 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 56007?
In ZIP code 56007, approximately 76.7% of occupied housing units are owner-occupied and 23.3% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56007?
The poverty rate in ZIP code 56007 is 11.7% 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 56007's numbers, next.
- See how ZIP 56007 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Albert Lea, 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.