56342 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Mille Lacs County
Centroid: Latitude 46.2, Longitude -93.491
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56342 has segments in 3 Counties (Aitkin, Kanabec, Mille Lacs).

Businesses Addresses: 115
PO Box Addresses: 333
Residential Addresses: 1,525

Multi-Family Addresses: 0
Single Family Addresses: 1,525

Foreclosures in MN 56342

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

Isle, MN 56342 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	2,869 (100%)
Population in Households	2,857 (99.6%)
Population in Families	2,195 (76.5%)
Population in Group Quarters¹	12 ( 0.4%)
Population Density	14
Diversity Index²	23


INCOME
Median Household Income	$51,408
Average Household Income	$71,678
% of Income for Mortgage⁴	25%
Per Capita Income	$33,743
Wealth Index⁵	68

HOUSING
Total HU (Housing Units)	2,606 (100%)
Owner Occupied HU	1,120 (43.0%)
Renter Occupied HU	214 ( 8.2%)
Vacant Housing Units	1,272 (48.8%)
Median Home Value	$241,761
Average Home Value	$270,871
Housing Affordability Index³	105

HOUSEHOLDS
Total Households	1,334
Average Household Size	2.14
Family Households	821
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.

Isle, MN 56342 - Peer Comparisons by Rank and Percentile

The table below compares 56342 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	-0.20%	0.29%
Households	0.44%	0.36%
Families		0.36%
Median Household Income		2.16%
Per Capita Income		3.76%
Owner Occupied HU		0.51%

Variable Description	Rank	Percentile
Total Population	# 352	60th
Population Density	# 579	34th
Median Household Income	# 840	4th
Housing Affordability Index	# 85	10th
Per Capita Income	# 664	24th
Diversity Index	# 357	60th

56342 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56342: Basic Data & USPS Preferred City Name

Isle, MN 56342 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Isle, MN 56342 - Peer Comparisons by Rank and Percentile

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Mille Lacs County