ZIP Code 55397 — Norwood Young America city, MN Demographics & Data

ZIP code 55397 covers Norwood Young America, MN in Carver County with a population of about 3,335.

At a glance, the area shows median age of 38.7 (near the U.S. median).

It sits in telephone area code 952; U.S. House district MN-6; the MINNEAPOLIS - ST. PAUL media market.

Median household income in ZIP 55397 is about $77,227 — about 3% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 6.2%; unemployment rate near 4.0%; 25.4% of adults with a bachelor’s degree or higher (about 8.3 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Healthcare, and Retail trade; about 10.2% of workers reporting work-from-home (about 5.0 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $334,500 — about 4% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $997 (about 14% below the U.S. median rent ($1,163)), and owner-occupancy near 85.0% (about 19.6 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 55397 in Norwood Young America, MN, a household would need roughly $92,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,149. That is about 19% above the local median household income ($77,227), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Norwood Young America city, MN as Relatively Low (composite score 59.7), which is near the middle of the national distribution. The strongest component scores on US5 are flood (60.4) and wildfire (39.3). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Norwood Young America city, MN show little to no average snow and around 34.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 237 for ZIP 55397 (Norwood Young America city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.