56433 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hubbard County
Centroid: Latitude 47.022, Longitude -94.725
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56433 has segments in 2 Counties (Cass, Hubbard).

Businesses Addresses: 36
PO Box Addresses: 161
Residential Addresses: 725

Multi-Family Addresses: 20
Single Family Addresses: 705

Foreclosures in MN 56433

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

Akeley, MN 56433 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	1,977 (100%)
Population in Households	1,943 (98.3%)
Population in Families	1,562 (79.0%)
Population in Group Quarters¹	34 ( 1.7%)
Population Density	13
Diversity Index²	18


INCOME
Median Household Income	$63,991
Average Household Income	$85,448
% of Income for Mortgage⁴	23%
Per Capita Income	$37,680
Wealth Index⁵	91

HOUSING
Total HU (Housing Units)	1,440 (100%)
Owner Occupied HU	756 (52.5%)
Renter Occupied HU	114 ( 7.9%)
Vacant Housing Units	570 (39.6%)
Median Home Value	$278,814
Average Home Value	$309,491
Housing Affordability Index³	117

HOUSEHOLDS
Total Households	870
Average Household Size	2.23
Family Households	589
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.

Akeley, MN 56433 - Peer Comparisons by Rank and Percentile

The table below compares 56433 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	-0.13%	0.27%
Households	-0.10%	0.27%
Families		0.24%
Median Household Income		3.13%
Per Capita Income		2.42%
Owner Occupied HU		0.45%

Variable Description	Rank	Percentile
Total Population	# 421	52nd
Population Density	# 608	31st
Median Household Income	# 617	30th
Housing Affordability Index	# 141	16th
Per Capita Income	# 409	54th
Diversity Index	# 500	43rd

56433 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56433: Basic Data & USPS Preferred City Name

Akeley, MN 56433 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Akeley, MN 56433 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 56433

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