ZIP Code 56716 has segments in 2 Counties (Polk, Red Lake).
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 | 8,870 (100%) |
Population in Households | 8,088 (91.2%) |
Population in Families | 5,995 (67.6%) |
Population in Group Quarters1 | 782 ( 8.8%) |
Population Density | 28 |
Diversity Index2 | 48 |
INCOME | |
Median Household Income | $56,449 |
Average Household Income | $79,059 |
% of Income for Mortgage4 | 22% |
Per Capita Income | $32,365 |
Wealth Index5 | 62 |
Socioeconomic Status Index6 | Moderate (49.9) |
HOUSING | |
---|---|
Total HU (Housing Units) | 4,043 (100%) |
Owner Occupied HU | 2,591 (64.1%) |
Renter Occupied HU | 1,022 (25.3%) |
Vacant Housing Units | 430 (10.6%) |
Median Home Value | $207,838 |
Average Home Value | $213,721 |
Housing Affordability Index3 | 105 |
HOUSEHOLDS | |
Total Households | 3,613 |
Average Household Size | 2.24 |
Family Households | 2,043 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.23% | -0.14% |
Households | -0.03% | -0.06% |
Families | -0.08% | |
Median Household Income | 2.25% | |
Per Capita Income | 2.73% | |
Owner Occupied HU | 0.13% |
The table below compares 56716 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 | # 184 | 79th |
Population Density | # 411 | 53rd |
Median Household Income | # 773 | 12th |
Housing Affordability Index | # 339 | 39th |
Per Capita Income | # 754 | 14th |
Diversity Index | # 123 | 86th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.