US > Minnesota > Hubbard County > Park Rapids, MN 56470

56470 ZIP Code Profile, Map, Data & Demographics

Related Place Profiles:
Arago, MN | Dorset, MN | Hubbard, MN | Park Rapids, MN
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ZIP Code 56470: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Park Rapids, MN 56470

Acceptable Alternative
Lake Itasca, MN 56470

Not Acceptable, USPS
Arago, MN 56470
Dorset, MN 56470
Hubbard, MN 56470
Lake Emma, MN 56470
Todd, MN 56470

  • 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: 538
  • PO Box Addresses: 318
  • Residential Addresses: 5,796
    • Multi-Family Addresses: 715
    • Single Family Addresses: 5,081

The ZIP Code maps and database are updated 4 times per year.
Database updated: October 1, 2023, Maps updated: August 11, 2023.

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Park Rapids, MN 56470 Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 11,233 (100%)
Population in Households 10,988 (97.8%)
Population in Families 8,649 (77.0%)
Population in Group Quarters1 245 ( 2.2%)
Population Density 29
Diversity Index2 23
 
 

INCOME

Median Household Income $64,660
Average Household Income $83,031
% of Income for Mortgage4 25%
Per Capita Income $35,360
Wealth Index5 78
Socioeconomic Status Index6 Moderate (49.9)
 

HOUSING

Total HU (Housing Units) 7,779 (100%)
Owner Occupied HU 3,609 (46.4%)
Renter Occupied HU 1,169 (15.0%)
Vacant Housing Units 3,001 (38.6%)
Median Home Value $273,717
Average Home Value $335,786
Housing Affordability Index3 97
 

HOUSEHOLDS

Total Households 4,778
Average Household Size 2.30
Family Households 3,003
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

 2020-2023 2023-2028
Population 0.99% 0.34%
Households 0.82% 0.42%
Families   0.44%
Median Household Income   2.94%
Per Capita Income   2.56%
Owner Occupied HU   0.88%

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

The table below compares 56470 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2023 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.

Variable Description Rank Percentile
Total Population # 156 82nd
Population Density # 409 53rd
Median Household Income # 594 32nd
Housing Affordability Index # 254 29th
Per Capita Income # 625 29th
Diversity Index # 372 58th

Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.


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