ZIP Code 56501 has segments in 2 Counties (Becker, Otter Tail).
The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2024, Maps updated: February 2, 2024.
POPULATION | |
---|---|
Total Population | 18,228 (100%) |
Population in Households | 17,841 (97.9%) |
Population in Families | 13,911 (76.3%) |
Population in Group Quarters1 | 387 ( 2.1%) |
Population Density | 92 |
Diversity Index2 | 27 |
INCOME | |
Median Household Income | $70,855 |
Average Household Income | $99,029 |
% of Income for Mortgage4 | 24% |
Per Capita Income | $41,968 |
Wealth Index5 | 104 |
Socioeconomic Status Index6 | Moderate (52.2) |
HOUSING | |
---|---|
Total HU (Housing Units) | 10,350 (100%) |
Owner Occupied HU | 5,797 (56.0%) |
Renter Occupied HU | 1,886 (18.2%) |
Vacant Housing Units | 2,667 (25.8%) |
Median Home Value | $286,151 |
Average Home Value | $359,363 |
Housing Affordability Index3 | 101 |
HOUSEHOLDS | |
Total Households | 7,683 |
Average Household Size | 2.32 |
Family Households | 4,744 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.98% | 0.21% |
Households | 0.58% | 0.26% |
Families | 0.20% | |
Median Household Income | 1.99% | |
Per Capita Income | 2.24% | |
Owner Occupied HU | 0.65% |
The table below compares 56501 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 112 | 87th |
Population Density | # 258 | 71st |
Median Household Income | # 479 | 46th |
Housing Affordability Index | # 289 | 33rd |
Per Capita Income | # 305 | 65th |
Diversity Index | # 284 | 68th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.