ZIP Code 56514 has segments in 3 Counties (Clay, Otter Tail, Wilkin).
The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.
POPULATION | |
---|---|
Total Population | 4,156 (100%) |
Population in Households | 4,114 (99.0%) |
Population in Families | 3,395 (81.7%) |
Population in Group Quarters1 | 42 ( 1.0%) |
Population Density | 20 |
Diversity Index2 | 12 |
INCOME | |
Median Household Income | $79,468 |
Average Household Income | $108,845 |
% of Income for Mortgage4 | 19% |
Per Capita Income | $41,316 |
Wealth Index5 | 105 |
Socioeconomic Status Index6 | Moderate (59.0) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,697 (100%) |
Owner Occupied HU | 1,313 (77.4%) |
Renter Occupied HU | 264 (15.6%) |
Vacant Housing Units | 120 ( 7.1%) |
Median Home Value | $253,638 |
Average Home Value | $292,174 |
Housing Affordability Index3 | 127 |
HOUSEHOLDS | |
Total Households | 1,577 |
Average Household Size | 2.61 |
Family Households | 1,078 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 1.31% | 0.84% |
Households | 1.34% | 1.01% |
Families | 0.96% | |
Median Household Income | 2.74% | |
Per Capita Income | 3.43% | |
Owner Occupied HU | 1.45% |
The table below compares 56514 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 | # 283 | 68th |
Population Density | # 498 | 43rd |
Median Household Income | # 284 | 68th |
Housing Affordability Index | # 585 | 67th |
Per Capita Income | # 328 | 63rd |
Diversity Index | # 744 | 15th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.