56218 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Boyd, MN
Advertisement

ZIP Code 56218: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Boyd, MN 56218

  • ZIP Code Type: STANDARD
  • County: Lac Qui Parle County
  • Centroid: Latitude 44.85, Longitude -95.971
  • Time Zone: Central Time Zone (UTC -6 hours)
  • Observes DST: Yes

ZIP Code 56218 has segments in 2 Counties (Lac Qui Parle, Yellow Medicine).

  • Businesses Addresses: 16
  • PO Box Addresses: 64
  • Residential Addresses: 180
    • Multi-Family Addresses: 0
    • Single Family Addresses: 180

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.

Advertisement

Boyd, MN 56218 Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 561 (100%)
Population in Households 561 (100.0%)
Population in Families 447 (79.7%)
Population in Group Quarters1 0
Population Density 6
Diversity Index2 19
 
 

INCOME

Median Household Income $83,661
Average Household Income $115,330
% of Income for Mortgage4 16%
Per Capita Income $46,872
Wealth Index5 132
Socioeconomic Status Index6 Moderate (54.9)
 

HOUSING

Total HU (Housing Units) 270 (100%)
Owner Occupied HU 201 (74.4%)
Renter Occupied HU 27 ( 10.0%)
Vacant Housing Units 42 (15.6%)
Median Home Value $217,500
Average Home Value $257,090
Housing Affordability Index3 155
 

HOUSEHOLDS

Total Households 228
Average Household Size 2.46
Family Households 148
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.22% -0.65%
Households 0.00% -0.53%
Families   -0.27%
Median Household Income   1.02%
Per Capita Income   2.57%
Owner Occupied HU   -0.40%

Boyd, MN 56218 - Peer Comparisons by Rank and Percentile

The table below compares 56218 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 # 679 23rd
Population Density # 774 12th
Median Household Income # 219 75th
Housing Affordability Index # 725 83rd
Per Capita Income # 153 83rd
Diversity Index # 484 45th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


Popular Places Near ZIP Code 56218


Use HTL Address Research for a Minnesota Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2023, data includes home values, household income, percentage of homes owned, rented or vacant, etc.



Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Minnesota Census Data Comparison Tool

Compare Minnesota July 1, 2023 Data
Data:
Locations:
Highest or Lowest:
Results:

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.



Advertisement