56472 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Crow Wing County
Centroid: Latitude 46.616, Longitude -94.281
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56472 has segments in 2 Counties (Cass, Crow Wing).

Businesses Addresses: 299
PO Box Addresses: 397
Residential Addresses: 4,269

Multi-Family Addresses: 318
Single Family Addresses: 3,951

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Pequot Lakes, MN 56472 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	8,488 (100%)
Population in Households	8,484 (100.0%)
Population in Families	6,954 (81.9%)
Population in Group Quarters¹	4 ( 0.0%)
Population Density	51
Diversity Index²	8


INCOME
Median Household Income	$54,613
Average Household Income	$72,785
% of Income for Mortgage⁴	18%
Per Capita Income	$29,748
Wealth Index⁵	83

HOUSING
Total HU (Housing Units)	6,407 (100%)
Owner Occupied HU	2,802 (43.7%)
Renter Occupied HU	667 (10.4%)
Vacant Housing Units	2,938 (45.9%)
Median Home Value	$228,639
Average Home Value	$310,724
Housing Affordability Index³	148

HOUSEHOLDS
Total Households	3,469
Average Household Size	2.45
Family Households	2,385
Average Family Size	3

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.

Pequot Lakes, MN 56472 - Peer Comparisons by Rank and Percentile

The table below compares 56472 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2020 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	2010-2020	2020-2025
Population	1.31%	1.07%
Households	1.23%	1.06%
Families	1.11%	0.97%
Median Household Income		0.46%
Per Capita Income		1.28%
Owner Occupied HU		1.07%

Variable Description	Rank	Percentile
Total Population	# 188	79th
Population Density	# 331	63rd
Median Household Income	# 655	26th
Housing Affordability Index	# 138	16th
Per Capita Income	# 613	30th
Diversity Index	# 790	10th

Pequot Lakes, MN 56472 ZIP Code Profile

ZIP Code 56472: Basic Data & USPS Preferred City Name

Pequot Lakes, MN 56472 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Pequot Lakes, MN 56472 - Peer Comparisons by Rank and Percentile

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