ZIP Code 56294 — Wanda city, MN Demographics & Data

ZIP code 56294 covers Wanda, MN in Redwood County with a population of about 79.

At a glance, the area shows median age of 58.5 versus a U.S. median of about 38.9.

It sits in telephone area code 507; U.S. House district MN-7; the MINNEAPOLIS - ST. PAUL media market.

Wanda, MN fits a retirement-oriented profile (high share of residents 65+ (38.0%)). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 56294 is about $80,893 — about 8% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 1.3%; unemployment rate near 0.0%; 34.3% of adults with a bachelor’s degree or higher (roughly in line with the national share (33.7%)).

Labor and commute patterns include leading industry context around Manufacturing, Wholesale trade, and Finance and insurance; about 17.0% of workers reporting work-from-home (about 1.8 points above the U.S. share (15.2%)); a mean commute of about 44.0 minutes (U.S. average near 26.8).

Median home value is about $202,300 — about 42% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 73.3% (about 7.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 56294 in Wanda, MN, a household would need roughly $56,000 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 $1,300. That sits below the local median household income ($80,893), suggesting the typical household income is closer to a workable buy-in level under these assumptions. 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 Wanda city, MN as Very Low (composite score 35.1), which is relatively lower than many U.S. communities. The strongest component scores on US5 are flood (39.3) and wildfire (18.6). 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 Wanda city, MN show little to no average snow and around 29.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 6 for ZIP 56294 (Wanda 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.