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
- $68,846
- Median income
- $166,900
- Median home value
- 18.2%
- Bachelor's or higher
The verdict
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
- 33th 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.
ZIP code 56007 is classified by USPS as a standard delivery area and covers roughly 437.7 square miles in Albert Lea, Freeborn County, Minnesota. The area is home to 21,228 residents, producing a population density of 49 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 56007 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56007 sits at $68,846 (16% below the Minnesota average), while per-capita income is $39,953. The poverty rate stands at 11.7% and the unemployment rate at 5.2%. On housing, the median home value is $166,900 (35% below the state average) with median rent at $855 per month, and 76.7% of occupied units are owner-occupied, a direct signal of whether 56007 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 18.2% of adults hold a bachelor's degree or higher, the median age is 44.3, and the average commute is 18 minutes. We also surface 5 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Freeborn County, so you can benchmark 56007 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 56007
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$39,953
Per Capita Income
11.7%
Poverty Rate
5.2%
Unemployment Rate
17.9 min
Mean Commute Time
How ZIP 56007 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$68,846 45th percentile higher than 45% 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?
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
$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.
More ZIP Codes in Freeborn County
Related Areas
Frequently Asked Questions
What county is ZIP code 56007 in? ▼
What is the population of ZIP code 56007? ▼
What is the median household income in ZIP 56007? ▼
What is the average home value in ZIP 56007? ▼
What is the demographic makeup of ZIP 56007? ▼
How many businesses are in ZIP code 56007? ▼
What are the main industries in ZIP code 56007? ▼
How have home values changed in ZIP code 56007? ▼
What is the education level in ZIP code 56007? ▼
What is the average commute time in ZIP 56007? ▼
What percentage of residents own vs. rent in ZIP 56007? ▼
What is the poverty rate in ZIP code 56007? ▼
ZIP Code Research Guides
Official Data Resources for Albert Lea, 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.