56260 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Chippewa County
Centroid: Latitude 44.905, Longitude -95.466
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56260 has segments in 2 Counties (Chippewa, Renville).

Businesses Addresses: 7
PO Box Addresses: 139
Residential Addresses: 213

Multi-Family Addresses: 0
Single Family Addresses: 213

Foreclosures in MN 56260

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Maynard, MN 56260 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	763 (100%)
Population in Households	741 (97.1%)
Population in Families	613 (80.3%)
Population in Group Quarters¹	22 ( 2.9%)
Population Density	10
Diversity Index²	26


INCOME
Median Household Income	$67,390
Average Household Income	$83,628
% of Income for Mortgage⁴	16%
Per Capita Income	$33,307
Wealth Index⁵	72

HOUSING
Total HU (Housing Units)	353 (100%)
Owner Occupied HU	249 (70.5%)
Renter Occupied HU	74 (21.0%)
Vacant Housing Units	29 ( 8.2%)
Median Home Value	$199,510
Average Home Value	$233,167
Housing Affordability Index³	174

HOUSEHOLDS
Total Households	324
Average Household Size	2.29
Family Households	221
Average Family Size	3.00

NOTES

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.
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.
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.
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).
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.

Maynard, MN 56260 - Peer Comparisons by Rank and Percentile

The table below compares 56260 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 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.

GROWTH RATE / YEAR	2020-2022	2022-2027
Population	0.00%	-0.58%
Households	-0.54%	-0.69%
Families		-0.73%
Median Household Income		2.86%
Per Capita Income		2.68%
Owner Occupied HU		-0.32%

Variable Description	Rank	Percentile
Total Population	# 627	29th
Population Density	# 677	23rd
Median Household Income	# 537	39th
Housing Affordability Index	# 638	73rd
Per Capita Income	# 688	22nd
Diversity Index	# 292	67th

56260 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56260: Basic Data & USPS Preferred City Name

Maynard, MN 56260 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Maynard, MN 56260 - Peer Comparisons by Rank and Percentile

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Chippewa County