56434 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Wadena County
Centroid: Latitude 46.412, Longitude -94.969
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56434 has segments in 2 Counties (Todd, Wadena).

Businesses Addresses: 6
PO Box Addresses: 13
Residential Addresses: 65

Multi-Family Addresses: 0
Single Family Addresses: 65

Foreclosures in MN 56434

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

Aldrich, MN 56434 Data & Demographics (As of July 1, 2022)

POPULATION
Total Population	197 (100%)
Population in Households	197 (100.0%)
Population in Families	174 (88.3%)
Population in Group Quarters¹	0
Population Density	17
Diversity Index²	10


INCOME
Median Household Income	$60,757
Average Household Income	$80,850
% of Income for Mortgage⁴	0%
Per Capita Income	$28,470
Wealth Index⁵	64

HOUSING
Total HU (Housing Units)	82 (100%)
Owner Occupied HU	47 (57.3%)
Renter Occupied HU	9 (11.0%)
Vacant Housing Units	26 (31.7%)
Median Home Value	$191,667
Average Home Value	$218,478
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	56
Average Household Size	3.52
Family Households	42
Average Family Size	4.00

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.

Aldrich, MN 56434 - Peer Comparisons by Rank and Percentile

The table below compares 56434 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	-0.89%	-0.41%
Households	-0.78%	-0.36%
Families		-0.48%
Median Household Income		2.27%
Per Capita Income		2.78%
Owner Occupied HU		0.00%

Variable Description	Rank	Percentile
Total Population	# 815	8th
Population Density	# 531	40th
Median Household Income	# 702	20th
Housing Affordability Index	# 43	5th
Per Capita Income	# 829	6th
Diversity Index	# 825	6th

56434 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56434: Basic Data & USPS Preferred City Name

Aldrich, MN 56434 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Aldrich, MN 56434 - Peer Comparisons by Rank and Percentile

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