56308 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Douglas County
Centroid: Latitude 45.893, Longitude -95.366
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56308 has segments in 2 Counties (Douglas, Pope).

Businesses Addresses: 1,311
PO Box Addresses: 259
Residential Addresses: 13,237

Multi-Family Addresses: 2,552
Single Family Addresses: 10,685

Foreclosures in MN 56308

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

Alexandria, MN 56308 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	26,873 (100%)
Population in Households	26,166 (97.4%)
Population in Families	19,983 (74.4%)
Population in Group Quarters¹	707 ( 2.6%)
Population Density	163
Diversity Index²	16


INCOME
Median Household Income	$75,905
Average Household Income	$95,832
% of Income for Mortgage⁴	19%
Per Capita Income	$41,433
Wealth Index⁵	92

HOUSING
Total HU (Housing Units)	14,903 (100%)
Owner Occupied HU	8,196 (55.0%)
Renter Occupied HU	3,425 (23.0%)
Vacant Housing Units	3,282 (22.0%)
Median Home Value	$268,560
Average Home Value	$301,748
Housing Affordability Index³	133

HOUSEHOLDS
Total Households	11,621
Average Household Size	2.25
Family Households	7,176
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.

Alexandria, MN 56308 - Peer Comparisons by Rank and Percentile

The table below compares 56308 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	0.71%	0.48%
Households	0.77%	0.50%
Families		0.52%
Median Household Income		1.70%
Per Capita Income		2.12%
Owner Occupied HU		0.95%

Variable Description	Rank	Percentile
Total Population	# 70	92nd
Population Density	# 218	75th
Median Household Income	# 357	59th
Housing Affordability Index	# 261	30th
Per Capita Income	# 223	75th
Diversity Index	# 545	38th

56308 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56308: Basic Data & USPS Preferred City Name

Alexandria, MN 56308 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Alexandria, MN 56308 - Peer Comparisons by Rank and Percentile

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