56308 ZIP Code Demographics & Rankings

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: 1,313
PO Box Addresses: 284
Residential Addresses: 12,741

Multi-Family Addresses: 2,440
Single Family Addresses: 10,301

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

Alexandria, MN 56308 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	26,481 (100%)
Population in Households	26,053 (98.4%)
Population in Families	19,912 (75.2%)
Population in Group Quarters¹	428 ( 1.6%)
Population Density	159
Diversity Index²	12


INCOME
Median Household Income	$58,713
Average Household Income	$77,676
% of Income for Mortgage⁴	16%
Per Capita Income	$33,586
Wealth Index⁵	90

HOUSING
Total HU (Housing Units)	14,389 (100%)
Owner Occupied HU	7,814 (54.3%)
Renter Occupied HU	3,625 (25.2%)
Vacant Housing Units	2,950 (20.5%)
Median Home Value	$226,684
Average Home Value	$268,675
Housing Affordability Index³	152

HOUSEHOLDS
Total Households	11,439
Average Household Size	2.28
Family Households	7,067
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.

Alexandria, MN 56308 - Peer Comparisons by Rank and Percentile

The table below compares 56308 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	0.98%	0.93%
Households	0.97%	0.93%
Families	0.82%	0.83%
Median Household Income		0.52%
Per Capita Income		1.32%
Owner Occupied HU		1.02%

Variable Description	Rank	Percentile
Total Population	# 69	92nd
Population Density	# 218	75th
Median Household Income	# 545	38th
Housing Affordability Index	# 153	17th
Per Capita Income	# 341	61st
Diversity Index	# 588	33rd

Alexandria, MN 56308 ZIP Code Profile

ZIP Code 56308: Basic Data & USPS Preferred City Name

Alexandria, MN 56308 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Alexandria, MN 56308 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 56308

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