ZIP Code 56387 — Waite Park city, MN Demographics & Data

ZIP code 56387 covers Waite Park, MN in Stearns County with a population of about 7,705.

At a glance, the area shows median age of 38.8 (near the U.S. median).

It sits in telephone area code 320; U.S. House district MN-6; the MINNEAPOLIS - ST. PAUL media market.

Waite Park, MN sits in a university / college context (near rasmussen university-minnesota (1.9 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 56387 is about $57,387 — about 24% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 24.1%; unemployment rate near 9.4%; 19.0% of adults with a bachelor’s degree or higher (about 14.7 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Retail trade; about 5.0% of workers reporting work-from-home (about 10.3 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 $230,500 — about 34% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $946 (about 19% below the U.S. median rent ($1,163)), and owner-occupancy near 48.6% (about 16.8 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 56387 in Waite Park, MN, a household would need roughly $63,000 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 $1,481. That is roughly in line with the local median household income ($57,387). 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 Waite Park city, MN as Relatively Moderate (composite score 87.6), which is elevated versus much of the country. The strongest component scores on US5 are flood (90.9) and wildfire (76.3). 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 Waite Park city, MN show little to no average snow and around 31.0 inches of annual precipitation.

IRS migration statistics show a net inflow of about 547 for ZIP 56387 (Waite Park 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.