55342 Zip Code

April 24, 2024

Zip Code:	55342
City/Town:	Hector
State:	Minnesota

Population:	2,015
Per Capita Income:	$21,593
Mean Household Income:	$51,065

Total Housing Units:	868
Median Home Value:	$60,700
Median Year Homes Built:	1953

Land Area:	161.6 sq miles 418.6 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (55342 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,015

Male:

1,029

51.1%

49.2%

Female:

986

48.9%

50.8%

Median Age:

44.7 yrs

37.2 yrs

Under 5 years:

101

5.0%

6.5%

5 to 9 years:

112

7.2%

6.6%

10 to 19 years:

292

14.5%

13.8%

20 to 29 years:

174

8.6%

13.8%

30 to 39 years:

202

10.0%

13.0%

40 to 49 years:

300

14.9%

14.2%

50 to 59 years:

336

16.7%

13.6%

60 to 69 years:

225

11.2%

9.4%

70 to 79 years:

161

8.0%

5.4%

80 years and over:

112

5.6%

3.7%

Housing Information (55342 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$60,700

$119,600

Median year homes build:

1953

1971

Median real estate taxes:

$688 / yr.

$1,334 / yr.

Median rent:

$284 / mo.

$519 / mo.

Total households:

868

Family households:

583

67.2%

66.4%

Nonfamily households:

285

32.8%

33.6%

Households with individuals under 18 years:

240

27.6%

33.4%

Households with individuals 65 years and over:

279

32.1%

24.9%

Average household size:

2.3

Average family size:

2.8

Total housing units:

991

Occupied housing units:

868

87.6%

88.6%

Vacant housing units:

123

12.4%

11.4%

For rent:

1.7%

3.1%

Rented, not occupied:

0.6%

0.2%

For sale only:

1.7%

1.4%

Sold, not occupied:

1.7%

0.3%

For seasonal, recreational, or occasional use:

0.9%

3.5%

All other vacants:

5.8%

2.8%

Homeowner vacancy rate:

2.3%

2.4%

Rental vacancy rate:

9.2%

Owner-occupied housing units:

706

Population in owner-occupied housing units:

1,685

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

162

Population in renter-occupied housing units:

324

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (55342 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,489

Less than 9th grade:

146

9.8%

6.2%

9th to 12th grade, no diploma:

113

7.6%

8.7%

High school graduate (includes equivalency):

598

40.2%

29.0%

Some college, no degree:

328

22.0%

20.6%

Associate degree:

117

7.9%

7.5%

Bachelor's degree:

144

9.7%

17.6%

Graduate or professional degree:

2.9%

10.3%

Percent high school graduate or higher:

82.6%

85.0%

Percent bachelor's degree or higher:

12.6%

27.9%

Income Information (55342 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

804

39.9%

50.4%

Median income:

$27,071 / yr.

$27,932 / yr.

Full-time, year-round workers:

446

22.1%

59.7%

Median income:

$31,711 / yr.

$38,349 / yr.

Females 15 years and over with income:

745

37.0%

49.6%

Median income:

$14,913 / yr.

$16,327 / yr.

Full-time, year-round workers:

241

12.0%

40.3%

Median income:

$22,688 / yr.

$28,135 / yr.

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