56364 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Morrison County
Centroid: Latitude 45.979, Longitude -94.098
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56364 has segments in 2 Counties (Crow Wing, Morrison).

Businesses Addresses: 122
PO Box Addresses: 253
Residential Addresses: 1,983

Multi-Family Addresses: 95
Single Family Addresses: 1,888

Foreclosures in MN 56364

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

Pierz, MN 56364 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	5,579 (100%)
Population in Households	5,468 (98.0%)
Population in Families	4,568 (81.9%)
Population in Group Quarters¹	111 ( 2.0%)
Population Density	22
Diversity Index²	10


INCOME
Median Household Income	$67,645
Average Household Income	$87,317
% of Income for Mortgage⁴	18%
Per Capita Income	$33,417
Wealth Index⁵	75

HOUSING
Total HU (Housing Units)	2,441 (100%)
Owner Occupied HU	1,805 (73.9%)
Renter Occupied HU	323 (13.2%)
Vacant Housing Units	312 (12.8%)
Median Home Value	$231,721
Average Home Value	$274,765
Housing Affordability Index³	145

HOUSEHOLDS
Total Households	2,129
Average Household Size	2.57
Family Households	1,472
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.

Pierz, MN 56364 - Peer Comparisons by Rank and Percentile

The table below compares 56364 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	0.60%	0.44%
Households	0.95%	0.52%
Families		0.50%
Median Household Income		2.62%
Per Capita Income		2.50%
Owner Occupied HU		0.60%

Variable Description	Rank	Percentile
Total Population	# 237	73rd
Population Density	# 465	47th
Median Household Income	# 533	39th
Housing Affordability Index	# 404	46th
Per Capita Income	# 683	22nd
Diversity Index	# 823	6th

56364 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56364: Basic Data & USPS Preferred City Name

Pierz, MN 56364 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Pierz, MN 56364 - Peer Comparisons by Rank and Percentile

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Morrison County