Zip Code
55042
City
Lake Elmo, MN
Population & Migration
What is the forecasted population for Zip code 55042 Lake Elmo, MN?
- Population census 2020
- 9,918
- Forecasted population 2025
- 13,533
- 36.4% vs. 2020
- Forecasted population 2030
- 14,084
- 42% vs. 2020
Zip code 55042 Lake Elmo, MN population is forecasted to grow 36.5% by 2025 (31.8 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 13,533 people for 2025 zip code 55042 Lake Elmo, MN will generate a good demand for housing, which is expected to have a deficit of 1,502 houses for 2030. Vacancy rate is 6.7 points below national US average.
- Total homes available 2020
- 3,575
- Estimated total home demand in 2030
- 5,077
- Total homes balance inventory
- 1,502
Average Household Income in zip code 55042 Lake Elmo, MN
from Internal Revenue Service
- Average household income in 2021
- $213,591
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 55042 Lake Elmo, MN?
County total number of drinking water violations
43
-82%
244
County total number of drinking water contaminations
7
-71%
24
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