55388 Zip Code Detailed Profile




Cities: Watertown, MN (6.30%), Minnetrista, MN (4.09%)
Counties: Carver County, MN (81.85%), Wright County, MN (14.06%), Hennepin County, MN (4.09%)
Estimated zip code population in 2013: 5,617
Zip code population in 2010: 5,619
Zip code population in 2000: 4,482

Houses and condos: 2,334
Renter-occupied apartments: 349
% of renters here:

16%
State:

28%
Mar. 2013 cost of living index in zip code 55388: 111.3 (more than average, U.S. average is 100)

Land area: 40.1 sq. mi.
Water area: 1.8 sq. mi.
Population density: 140 people per square mile 
 
 (very low).

Age and Sex of Residents in zip code 55388
Zip code 55388 (Watertown, Minnesota) real estate house value trends
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Real estate property taxes paid for housing units in 2013:
This zip code:

1.4% ($2,489)
Minnesota:

1.2% ($2,148)
Median real estate property taxes paid for housing units with mortgages in 2013: $2,627 (1.4%)
Median real estate property taxes paid for housing units with no mortgage in 2013: $2,159 (1.3%)

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Males: 2,700  (48.1%)
Females: 2,917  (51.9%)

For population 25 years and over in 55388:

For population 15 years and over in 55388:

Zip code 55388 compared to state average:

  • Unemployed percentage above state average.
  • Black race population percentage significantly below state average.
  • Hispanic race population percentage below state average.
  • Foreign-born population percentage significantly below state average.
  • Renting percentage below state average.
  • Races in zip code 55388

  • Zip code 55388 races chart
    • 5,382White population
    • 17Black population
    • 12American Indian population
    • 37Asian population
    • 1Native Hawaiian and Other Pacific Islander population
    • 8Some other race population
    • 80Two or more races population
    • 82Hispanic or Latino population

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55388, MN forum
Recent posts about zip code 55388 area on our local forum with over 1,800,000 registered users:
Potential move for work and school  (33 replies)
Suburbs, population questions  (12 replies)
Twin Cities - 16th largest metro area in the Country, can you feel it?  (90 replies)
Looking for input on the city of Zimmerman  (9 replies)
Transit Help  (5 replies)
Unemployment and Taxes  (36 replies)
Urban population: 3,699
Rural population: 1,917

Estimated median house/condo value in 2013: $184,300
55388:

$184,300
Minnesota:

$180,100
Median resident age:
This zip code:

39.1 years
Minnesota median age:

37.7 years
Average household size:
This zip code:

2.5 people
Minnesota:

2.5 people

Averages for the 2012 tax year for zip code 55388, filed in 2013:

Average Adjusted Gross Income (AGI) in 2012: $61,082 (Individual Income Tax Returns)
Here:

$61,082
State:

$67,192

Salary/wage: $54,116 (reported on 85.8% of returns)
Here:

$54,116
State:

$55,182
(% of AGI for various income ranges: 72.5% for AGIs below $25k, 79.0% for AGIs $25k-50k, 81.0% for AGIs $50k-75k, 82.1% for AGIs $75k-100k, 79.3% for AGIs $100k-200k, 56.3% for AGIs over 200k)

Taxable interest for individuals: $878 (reported on 36.4% of returns)
This zip code:

$878
Minnesota:

$1,664
(% of AGI for various income ranges: 1.5% for AGIs below $25k, 0.6% for AGIs $25k-50k, 0.7% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 0.4% for AGIs $100k-200k, 0.4% for AGIs over 200k)

Ordinary dividends: $2,806 (reported on 20.2% of returns)
Here:

$2,806
State:

$5,665
(% of AGI for various income ranges: 1.6% for AGIs below $25k, 1.2% for AGIs $25k-50k, 0.4% for AGIs $50k-75k, 0.5% for AGIs $75k-100k, 0.5% for AGIs $100k-200k, 2.3% for AGIs over 200k)

Net capital gain/loss in AGI: +$7,402 (reported on 18.2% of returns)
Here:

+$7,402
State:

+$16,131
(% of AGI for various income ranges: 0.6% for AGIs $50k-75k, 0.4% for AGIs $75k-100k, 1.2% for AGIs $100k-200k, 10.9% for AGIs over 200k)

Profit/loss from business: +$12,985 (reported on 19.0% of returns)
Here:

+$12,985
State:

+$12,430
(% of AGI for various income ranges: 9.8% for AGIs below $25k, 7.8% for AGIs $25k-50k, 3.6% for AGIs $50k-75k, 3.0% for AGIs $75k-100k, 4.3% for AGIs $100k-200k)

Taxable individual retirement arrangement distribution: $11,729 (reported on 11.1% of returns)
55388:

$11,729
Minnesota:

$15,212
(% of AGI for various income ranges: 5.3% for AGIs below $25k, 1.9% for AGIs $25k-50k, 2.6% for AGIs $50k-75k, 1.8% for AGIs $75k-100k, 2.7% for AGIs $100k-200k)

Self-employment retirement plans: $13,900 (reported on 0.8% of returns)
55388:

$13,900
Minnesota:

$17,874

Total itemized deductions: $22,278 (22% of AGI, reported on 44.3% of returns)
Here:

$22,278
State:

$24,665

Here:

22.2% of AGI
State:

19.6% of AGI
(% of AGI for various income ranges: 9.6% for AGIs below $25k, 13.3% for AGIs $25k-50k, 16.0% for AGIs $50k-75k, 17.1% for AGIs $75k-100k, 17.9% for AGIs $100k-200k, 16.4% for AGIs over 200k)

Charity contributions: $3,276 (reported on 37.2% of returns)
Here:

$3,276
State:

$3,948
(% of AGI for various income ranges: 0.9% for AGIs below $25k, 1.6% for AGIs $25k-50k, 1.7% for AGIs $50k-75k, 1.8% for AGIs $75k-100k, 2.2% for AGIs $100k-200k, 2.9% for AGIs over 200k)

Taxes paid: $8,371 (reported on 44.3% of returns)
55388:

$8,371
State:

$10,589
(% of AGI for various income ranges: 1.9% for AGIs below $25k, 3.6% for AGIs $25k-50k, 5.0% for AGIs $50k-75k, 6.2% for AGIs $75k-100k, 7.5% for AGIs $100k-200k, 7.8% for AGIs over 200k)

Earned income credit: $1,800 (reported on 11.9% of returns)
Here:

$1,800
State:

$2,037
(% of AGI for various income ranges: 4.1% for AGIs below $25k, 0.9% for AGIs $25k-50k)

Averages for the 2004 tax year for zip code 55388, filed in 2005:

Average Adjusted Gross Income (AGI) in 2004: $50,394 (Individual Income Tax Returns)
Here:

$50,394
State:

$53,560

Salary/wage: $45,954 (reported on 86.7% of returns)
Here:

$45,954
State:

$46,177
(% of AGI for various income ranges: 129.2% for AGIs below $10k, 76.1% for AGIs $10k-25k, 81.4% for AGIs $25k-50k, 86.5% for AGIs $50k-75k, 87.7% for AGIs $75k-100k, 65.9% for AGIs over 100k)

Taxable interest for individuals: $1,199 (reported on 44.6% of returns)
This zip code:

$1,199
Minnesota:

$1,796
(% of AGI for various income ranges: 6.9% for AGIs below $10k, 2.5% for AGIs $10k-25k, 1.3% for AGIs $25k-50k, 0.7% for AGIs $50k-75k, 0.5% for AGIs $75k-100k, 1.0% for AGIs over 100k)

Taxable dividends: $1,407 (reported on 25.4% of returns)
Here:

$1,407
State:

$3,096
(% of AGI for various income ranges: 3.5% for AGIs below $10k, 1.3% for AGIs $10k-25k, 0.7% for AGIs $25k-50k, 0.4% for AGIs $50k-75k, 0.3% for AGIs $75k-100k, 1.0% for AGIs over 100k)

Net capital gain/loss: +$8,031 (reported on 20.9% of returns)
Here:

+$8,031
State:

+$10,864
(% of AGI for various income ranges: -1.4% for AGIs below $10k, -0.0% for AGIs $10k-25k, 0.9% for AGIs $25k-50k, 0.9% for AGIs $50k-75k, 0.5% for AGIs $75k-100k, 9.0% for AGIs over 100k)

Profit/loss from business: +$14,736 (reported on 18.3% of returns)
Here:

+$14,736
State:

+$10,442
(% of AGI for various income ranges: 13.6% for AGIs below $10k, 8.2% for AGIs $10k-25k, 6.6% for AGIs $25k-50k, 4.7% for AGIs $50k-75k, 4.3% for AGIs $75k-100k, 5.0% for AGIs over 100k)

IRA payment deduction: $2,958 (reported on 3.0% of returns)
55388:

$2,958
Minnesota:

$2,955
(% of AGI for various income ranges: 0.3% for AGIs $10k-25k, 0.4% for AGIs $25k-50k, 0.1% for AGIs $50k-75k, 0.1% for AGIs $75k-100k, 0.1% for AGIs over 100k)

Self-employed pension: $10,571 (reported on 1.2% of returns)
Here:

$10,571
Minnesota:

$12,099

Total itemized deductions: $18,128 (23% of AGI, reported on 48.6% of returns)
Here:

$18,128
State:

$20,035

Here:

23.1% of AGI
State:

21.3% of AGI
(% of AGI for various income ranges: 26.3% for AGIs below $10k, 14.6% for AGIs $10k-25k, 15.9% for AGIs $25k-50k, 20.7% for AGIs $50k-75k, 19.1% for AGIs $75k-100k, 15.3% for AGIs over 100k)

Charity contributions deductions: $2,343 (3% of AGI, reported on 44.1% of returns)
Here:

$2,343
State:

$3,333

Here:

2.9% of AGI
State:

3.4% of AGI
(% of AGI for various income ranges: 3.1% for AGIs below $10k, 1.5% for AGIs $10k-25k, 1.7% for AGIs $25k-50k, 1.9% for AGIs $50k-75k, 2.1% for AGIs $75k-100k, 2.3% for AGIs over 100k)

Total tax: $6,797 (reported on 81.4% of returns)
55388:

$6,797
State:

$8,485
(% of AGI for various income ranges: 4.5% for AGIs below $10k, 5.3% for AGIs $10k-25k, 7.5% for AGIs $25k-50k, 7.9% for AGIs $50k-75k, 9.6% for AGIs $75k-100k, 17.3% for AGIs over 100k)

Earned income credit: $1,613 (reported on 8.2% of returns)
Here:

$1,613
State:

$1,523

Percentage of individuals using paid preparers for their 2004 taxes: 60.6%
Here:

61%
State:

59%
(% for various income ranges: 48.1% for AGIs below $10k, 57.1% for AGIs $10k-25k, 66.1% for AGIs $25k-50k, 66.3% for AGIs $50k-75k, 57.0% for AGIs $75k-100k, 72.3% for AGIs over 100k)

Estimated median household income in 2013:
This zip code:

$65,709
Minnesota:

$60,702
Watertown, MN (55388) map Nearest zip codes: 55360, 55328, 55387, 55363, 55375, 55367.
Percentage of family households:
This zip code:

59.5%
Minnesota:

50.8%
Percentage of households with unmarried partners:
This zip code:

6.4%
Minnesota:

6.7%
Likely homosexual households (counted as self-reported same-sex unmarried-partner households)

Household received Food Stamps/SNAP in the past 12 months: 159
Household did not receive Food Stamps/SNAP in the past 12 months: 2,048


Women who had a birth in the past 12 months: 87 (45 now married, 42 unmarried)
Women who did not have a birth in the past 12 months: 1,354 (810 now married, 544 unmarried)


Housing units in zip code 55388 with a mortgage: 1,288 (78 second mortgage, 215 home equity loan, 25 both second mortgage and home equity loan)
Houses without a mortgage: 570

Median monthly owner costs for units with a mortgage: $1,681
Median monthly owner costs for units without a mortgage: S465

Residents with income below the poverty level in 2013:
This zip code:

10.9%
Whole state:

11.2%
Residents with income below 50% of the poverty level in 2013:
This zip code:

3.3%
Whole state:

6.3%
Median number of rooms in houses and condos:
Here:

6.3
State:

7.0
Median number of rooms in apartments:
Here:

3.8
State:

4.0
  • Notable locations in this zip code not listed on our city pages

  • Click to draw/clear zip code borders
  • Notable locations in zip code 55388: Rivers Edge Country Club (A), Timber Creek Golf Course (B), Ames Farm (C), Watertown Fire Department (D), Watertown Library (E). Display/hide their locations on the map

    Churches in zip code 55388 include: Saint Peters Church (A), Trinity Lutheran Church (B), Evangelical Free Church (C), Saint Paul's Lutheran Church (D), Immaculate Conception Parish (E), Saint Peter Lutheran Church (F). Display/hide their locations on the map

    Cemeteries: Saint Paul's Catholic Cemetery (1), Trinity Cemetery (2), Swede Lake Cemetery (3). Display/hide their locations on the map

    Lakes: Pooles Lake (A), Swede Lake (B), Oak Lake (C), Mud Lake (D), Cobble Crest Lake (E), Buck Lake (F). Display/hide their locations on the map

Year house built

  • 112010 or later
  • 5832000 to 2009
  • 4581990 to 1999
  • 3371980 to 1989
  • 2181970 to 1979
  • 1321960 to 1969
  • 1731950 to 1959
  • 871940 to 1949
  • 3351939 or earlier

Zip code 55388 satellite photo by USGS

Owner-occupied Renter-occupied

Bedrooms in owner-occupied houses and condos in Watertown, MN (55388)

  • 0no bedroom
  • 571 bedroom
  • 2762 bedrooms
  • 8123 bedrooms
  • 5964 bedrooms
  • 1175+ bedrooms

Bedrooms in renter-occupied apartments in Watertown, MN (55388)

  • 2no bedroom
  • 941 bedroom
  • 1612 bedrooms
  • 683 bedrooms
  • 214 bedrooms
  • 35+ bedrooms
Owner-occupied Renter-occupied

Cars and other vehicles available in Watertown, MN (55388) in owner-occupied houses/condos

  • 86no vehicle
  • 3431 vehicle
  • 8132 vehicles
  • 4063 vehicles
  • 1704 vehicles
  • 405+ vehicles

Cars and other vehicles available in Watertown, MN (55388) in renter-occupied apartments

  • 69no vehicle
  • 1791 vehicle
  • 892 vehicles
  • 73 vehicles
  • 54 vehicles
  • 05+ vehicles

Median gross rent in 2013: $684.

Estimated median house (or condo) value in 2013 for:


Estimated median house or condo value in 2013: $184,300
55388:

$184,300
Minnesota:

$180,100
Lower value quartile - upper value quartile: $130,400 - $248,100

Mean price in 2013:

Detached houses: $325,749
Here:

$325,749
State:

$229,257

Townhouses or other attached units: $170,053
Here:

$170,053
State:

$168,477

In 2-unit structures: $150,928
Here:

$150,928
State:

$168,680

In 3-to-4-unit structures: $116,690
Here:

$116,690
State:

$142,494

In 5-or-more-unit structures: $139,094
Here:

$139,094
State:

$160,166

Mobile homes: $21,990
Here:

$21,990
State:

$45,753

Owners and renters by unit type in %

Housing units in structures:


Unemployment: 9.9%

Percentage of zip code residents living and working in this county: 34.5%

Household type by relationship:

Households: 5,544

Size of family households: 689 2-persons, 345 3-persons, 279 4-persons, 174 5-persons, 54 6-persons, 2 7-or-more-persons

Size of nonfamily households: 541 1-person, 100 2-persons, 3 3-persons, 20 4-persons

1,116 married couples with children.
151 single-parent households (46 men, 105 women).

93.9% of residents of 55388 zip code speak English at home.
1.9% of residents speak Spanish at home (79% very well, 21% well).
4.0% of residents speak other Indo-European language at home (95% very well, 3% well, 2% not well).
0.3% of residents speak Asian or Pacific Island language at home (100% very well).

Foreign born population: 117 (2.1%)
(42.7% of them are naturalized citizens)
This zip code:

2.1%
Whole state:

7.4%

Most common places of birth for the foreign-born residents

  • 31%Germany
  • 18%Honduras
  • 13%Mexico
  • 11%Lithuania
  • 11%China, excluding Hong Kong and Taiwan
  • 9%Thailand
  • 7%St. Vincent and the Grenadines

Most common first ancestries reported in 55388 (%)

  • 33%German
  • 10%Other groups
  • 9%Swedish
  • 6%Norwegian
  • 4%American
  • 3%Irish
  • 3%French (except Basque)

Year of entry for the foreign-born population

  • 362010 or later
  • 372000 to 2009
  • 211990 to 1999
  • 41Before 1990

Zip code 55388 topographic map

Facilities with environmental interests located in this zip code:


Zip code 55388 marital status for males
Zip code 55388 marital status for females

Housing units lacking complete plumbing facilities: 2.0%
Housing units lacking complete kitchen facilities: 2.0%

Most commonly used house heating fuel

  • 67%Utility gas
  • 14%Bottled, tank, or LP gas
  • 12%Electricity
  • 5%Wood
  • 1%Fuel oil, kerosene, etc.

Population in 1990: 3,520. Population change in the 1990s: +962 (+27.3%).

Place of birth for U.S.-born residents:


61% of the 55388 zip code residents lived in the same house 5 years ago.
   Out of people who lived in different houses, 48% lived in this county.
   Out of people who lived in different counties, 50% lived in Minnesota.

92% of the 55388 zip code residents lived in the same house 1 year ago.
   Out of people who lived in different houses, 30% moved from this county.
   Out of people who lived in different houses, 43% moved from different county within same state.
   Out of people who lived in different houses, 27% moved from different state.

Year Householders Moved Into Unit

Private vs. public school enrollment:

Students in private schools in grades 1 to 8 (elementary and middle school): 172
Here:

26.1%
Minnesota:

11.3%
Students in private schools in grades 9 to 12 (high school): 6
Here:

2.9%
Minnesota:

8.3%
Students in private undergraduate colleges: 109
Here:

37.3%
Minnesota:

23.1%

Educational Attainment (%)

School Enrollment by Level of School (%)

Class of Workers (%)

Occupation by median earnings in the past 12 months ($)

  • 131,384Computer and mathematical occupations
  • 73,100Legal occupations
  • 68,203Architecture and engineering occupations
  • 63,667Community and social service occupations
  • 63,235Transportation occupations
  • 61,429Health diagnosing and treating practitioners and other technical occupations

Companies with federal contracts located in this zip code:

Top industries in this zip code by the number of employees in 2005:


Age and Sex of Sensory-Disabled Residents (Noninstitutionalized)

Age and Sex of Physically-Disabled Residents (Noninstitutionalized)

Age and Sex of Mentally-Disabled Residents (Noninstitutionalized)

Age and Sex of Self-Care Disabled Residents (Noninstitutionalized)

Age and Sex of Go-Outside-Home Disabled Residents (Noninstitutionalized)

Age and Sex of Residents with Employment Disability (Noninstitutionalized)

People in group quarters in 2010:

  • 50 people in nursing facilities/skilled-nursing facilities
  • 9 people in group homes intended for adults

People in group quarters in 2000:

  • 54 people in other noninstitutional group quarters
  • 53 people in nursing homes

Fatal accident statistics in 2011:

  • Fatal accident count: 1
  • Vehicles involved in fatal accidents: 1
  • Fatal accidents caused by drunken drivers: 0
  • Fatalities: 1
  • Persons involved in fatal accidents: 1
  • Pedestrians involved in fatal accidents: 1
Home Mortgage Disclosure Act Aggregated Statistics For Year 2009
(Based on 2 partial tracts)
A) FHA, FSA/RHS & VA
Home Purchase Loans
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
E) Loans on Dwellings For 5+ Families
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
G) Loans On Manufactured
Home Dwelling (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED42$180,81128$197,714229$181,5457$25,6211$261,5609$148,4633$46,333
APPLICATIONS APPROVED, NOT ACCEPTED0$01$316,86015$151,7526$12,2070$00$01$61,280
APPLICATIONS DENIED6$166,8973$273,51366$233,8821$5,9800$00$06$30,142
APPLICATIONS WITHDRAWN7$206,0414$212,60854$209,4650$00$03$194,7970$0
FILES CLOSED FOR INCOMPLETENESS0$00$013$238,2160$00$00$00$0

Detailed HMDA statistics for the following Tracts: 0901.00

Private Mortgage Insurance Companies Aggregated Statistics For Year 2009
(Based on 2 partial tracts)
A) Conventional
Home Purchase Loans
B) Refinancings
NumberAverage ValueNumberAverage Value
LOANS ORIGINATED4$187,1984$209,245
APPLICATIONS APPROVED, NOT ACCEPTED1$276,5001$470,800
APPLICATIONS DENIED0$01$204,760
APPLICATIONS WITHDRAWN0$00$0
FILES CLOSED FOR INCOMPLETENESS0$00$0

Detailed PMIC statistics for the following Tracts: 0901.00

Conventional Home Purchase Loans

Conventional Home Purchase Loans - Value

Most common first names in zip code 55388 among deceased individuals
NameCountLived (average)
John2479.3 years
William1674.9 years
Margaret1582.7 years
Mary1579.7 years
Anna1484.6 years
Walter1477.0 years
George1376.4 years
Arthur1279.1 years
Helen1184.4 years
Clarence1176.4 years
Most common last names in zip code 55388 among deceased individuals
Last nameCountLived (average)
Johnson2677.3 years
Mueller1168.3 years
Carlson1180.7 years
Burns1181.0 years
Ketcher979.0 years
Anderson885.3 years
Hendricks879.6 years
Florek782.3 years
Hecksel780.4 years
Berwald783.8 years

Businesses in zip code 55388



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