56284 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Renville County
Centroid: Latitude 44.913, Longitude -95.191
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56284 has segments in 3 Counties (Kandiyohi, Redwood, Renville).

Businesses Addresses: 63
PO Box Addresses: 498
Residential Addresses: 387

Multi-Family Addresses: 71
Single Family Addresses: 316

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Renville, MN 56284 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	2,029 (100%)
Population in Households	1,984 (97.8%)
Population in Families	1,597 (78.7%)
Population in Group Quarters¹	45 ( 2.2%)
Population Density	15
Diversity Index²	36


INCOME
Median Household Income	$59,256
Average Household Income	$73,386
% of Income for Mortgage⁴	7%
Per Capita Income	$29,754
Wealth Index⁵	72

HOUSING
Total HU (Housing Units)	943 (100%)
Owner Occupied HU	624 (66.2%)
Renter Occupied HU	198 (21.0%)
Vacant Housing Units	121 (12.8%)
Median Home Value	$97,030
Average Home Value	$133,694
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	822
Average Household Size	2.41
Family Households	523
Average Family Size	3

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.

Renville, MN 56284 - Peer Comparisons by Rank and Percentile

The table below compares 56284 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	-0.29%	-0.66%
Households	-0.25%	-0.64%
Families	-0.37%	-0.7%
Median Household Income		0.99%
Per Capita Income		1.7%
Owner Occupied HU		-0.55%

Variable Description	Rank	Percentile
Total Population	# 419	52nd
Population Density	# 597	32nd
Median Household Income	# 520	41st
Housing Affordability Index	# 873	99th
Per Capita Income	# 610	31st
Diversity Index	# 161	82nd

Renville, MN 56284 ZIP Code Profile

ZIP Code 56284: Basic Data & USPS Preferred City Name

Renville, MN 56284 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Renville, MN 56284 - Peer Comparisons by Rank and Percentile

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