56470 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Hubbard County
Centroid: Latitude 46.921, Longitude -95.057
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56470 has segments in 2 Counties (Becker, Hubbard).

Businesses Addresses: 542
PO Box Addresses: 299
Residential Addresses: 5,787

Multi-Family Addresses: 710
Single Family Addresses: 5,077

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Park Rapids, MN 56470 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	11,153 (100%)
Population in Households	10,908 (97.8%)
Population in Families	8,231 (73.8%)
Population in Group Quarters¹	245 ( 2.2%)
Population Density	26
Diversity Index²	24


INCOME
Median Household Income	$66,527
Average Household Income	$86,945
% of Income for Mortgage⁴	32%
Per Capita Income	$36,912
Wealth Index⁵	82
Socioeconomic Status Index⁶	Moderate (50.6)

HOUSING
Total HU (Housing Units)	7,748 (100%)
Owner Occupied HU	3,404 (43.9%)
Renter Occupied HU	1,326 (17.1%)
Vacant Housing Units	3,018 (39.0%)
Median Home Value	$339,900
Average Home Value	$419,235
Housing Affordability Index³	78

HOUSEHOLDS
Total Households	4,730
Average Household Size	2.31
Family Households	2,914
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Park Rapids, MN 56470 - Peer Comparisons by Rank and Percentile

The table below compares 56470 to the other 882 ZIP Codes in Minnesota by rank and percentile using July 1, 2024 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	2020-2024	2024-2029
Population	0.87%	0.60%
Households	0.70%	0.45%
Families		0.35%
Median Household Income		3.26%
Per Capita Income		2.51%
Owner Occupied HU		1.27%

Variable Description	Rank	Percentile
Total Population	# 158	82nd
Population Density	# 433	51st
Median Household Income	# 687	22nd
Housing Affordability Index	# 123	14th
Per Capita Income	# 659	25th
Diversity Index	# 380	57th

56470 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56470: Basic Data & USPS Preferred City Name

Park Rapids, MN 56470 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Park Rapids, MN 56470 - Peer Comparisons by Rank and Percentile

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