Wells, MN · standard
ZIP Code 56097
Faribault County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 3,715
- 8/sq mi
- $62,264
- Median income
- $133,800
- Median home value
- 21.2%
- Bachelor's or higher
The verdict
Wells pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 33th pct
- household income, US ZIPs
- 21th pct
- home value, US ZIPs
- 8
- people per sq mi
- 80%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56097 against every reporting US ZIP.
ZIP code 56097 is classified by USPS as a standard delivery area and covers roughly 476.3 square miles in Wells, Faribault County, Minnesota. The area is home to 3,715 residents, producing a population density of 8 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 56097 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56097 sits at $62,264 (24% below the Minnesota average), while per-capita income is $37,498. The poverty rate stands at 8.5% and the unemployment rate at 3.2%. On housing, the median home value is $133,800 (48% below the state average) with median rent at $713 per month, and 80.0% of occupied units are owner-occupied, a direct signal of whether 56097 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 21.2% of adults hold a bachelor's degree or higher, the median age is 46.6, and the average commute is 19 minutes. We also surface 2 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Faribault County, so you can benchmark 56097 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 56097
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 56097.
- Other services (except public administration)
Other services (except public administration)
14 establishments
- Retail trade
Retail trade
13 establishments
- Construction
Construction
9 establishments
- Health care and social assistance
Health care and social assistance
9 establishments
- Manufacturing
Manufacturing
7 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 56097, Wells, 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
3,715
Population
476.3
Area (sq mi)
8
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56097?
46.6
Median Age
50.3%
Male
49.7%
Female
0.8%
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?
$62,264
Median Household Income
-24% vs state
$37,498
Per Capita Income
8.5%
Poverty Rate
3.2%
Unemployment Rate
19.2 min
Mean Commute Time
How ZIP 56097 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$62,264 33rd percentile higher than 33% 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?
1,780
Total Housing Units
1,617
Occupied Units
163
Vacant Units
2.13
Avg Household Size
Occupancy Type
$133,800
Median Home Value
-48% vs state
$713
Median Rent
1953
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
+13.3%
YoY Change (2024)
202
HPI Index (2000 = 100)
+102%
Total Change Since 2000
Home values in ZIP 56097 have increased 13.3% over the past year (2024). Since 2000, this ZIP has seen +102% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -9.2% | 141 |
| 2021 | +20.7% | 170 |
| 2022 | +8.4% | 185 |
| 2023 | -3.5% | 178 |
| 2024 | +13.3% | 202 |
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 81 business establishments in ZIP 56097, employing approximately 967 people with a combined annual payroll of $50,657,000.
81
Businesses
967
Employees
$50.7M
Annual Payroll
10
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 14 | 17.3% |
| Retail trade | 13 | 16.1% |
| Construction | 9 | 11.1% |
| Health care and social assistance | 9 | 11.1% |
| Manufacturing | 7 | 8.6% |
| Transportation and warehousing | 7 | 8.6% |
| Accommodation and food services | 5 | 6.2% |
| Wholesale trade | 4 | 4.9% |
| Finance and insurance | 4 | 4.9% |
| Professional, scientific, and technical services | 4 | 4.9% |
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 56097 vs 56068 →
ZIP 56097 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56097
Wells (56097)
3,715 residents
- 56068 1,087
Minnesota Lake (56068)
1,087 residents
- 56014 797
Bricelyn (56014)
797 residents
What this shows Among its immediate neighbors, ZIP 56097 ranks the most populous — useful context the national average alone can't give.
ZIP 56097 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56068
Minnesota Lake (56068)
$74,250 median income
- 56014
Bricelyn (56014)
$62,917 median income
- 56097
Wells (56097)
$62,264 median income
What this shows By household income, ZIP 56097 ranks #3 of 3 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Faribault County
Related Areas
Frequently Asked Questions
What county is ZIP code 56097 in? ▼
What is the population of ZIP code 56097? ▼
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What is the demographic makeup of ZIP 56097? ▼
How many businesses are in ZIP code 56097? ▼
What are the main industries in ZIP code 56097? ▼
How have home values changed in ZIP code 56097? ▼
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What percentage of residents own vs. rent in ZIP 56097? ▼
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ZIP Code Research Guides
Official Data Resources for Wells, 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.