ZIP Code 56531 has segments in 2 Counties (Grant, 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 | 2,076 (100%) |
Population in Households | 2,059 (99.2%) |
Population in Families | 1,618 (77.9%) |
Population in Group Quarters1 | 17 ( 0.8%) |
Population Density | 13 |
Diversity Index2 | 16 |
INCOME | |
Median Household Income | $59,563 |
Average Household Income | $81,492 |
% of Income for Mortgage4 | 14% |
Per Capita Income | $33,141 |
Wealth Index5 | 73 |
Socioeconomic Status Index6 | Moderate (49.2) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,003 (100%) |
Owner Occupied HU | 679 (67.7%) |
Renter Occupied HU | 165 (16.5%) |
Vacant Housing Units | 159 (15.9%) |
Median Home Value | $141,387 |
Average Home Value | $210,493 |
Housing Affordability Index3 | 167 |
HOUSEHOLDS | |
Total Households | 844 |
Average Household Size | 2.44 |
Family Households | 529 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.46% | -0.02% |
Households | 0.33% | 0.05% |
Families | 0.04% | |
Median Household Income | 3.97% | |
Per Capita Income | 2.59% | |
Owner Occupied HU | 0.26% |
The table below compares 56531 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 | # 406 | 54th |
Population Density | # 614 | 30th |
Median Household Income | # 717 | 18th |
Housing Affordability Index | # 769 | 88th |
Per Capita Income | # 733 | 17th |
Diversity Index | # 589 | 33rd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.