56501 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Becker County
Centroid: Latitude 46.815, Longitude -95.846
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56501 has segments in 2 Counties (Becker, Otter Tail).

Businesses Addresses: 612
PO Box Addresses: 0
Residential Addresses: 8,803

Multi-Family Addresses: 1,349
Single Family Addresses: 7,454

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2021, Maps updated: May 5, 2021.

Detroit Lakes, MN 56501 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	17,865 (100%)
Population in Households	17,504 (98.0%)
Population in Families	13,642 (76.4%)
Population in Group Quarters¹	361 ( 2.0%)
Population Density	93
Diversity Index²	23


INCOME
Median Household Income	$59,157
Average Household Income	$78,500
% of Income for Mortgage⁴	17%
Per Capita Income	$33,493
Wealth Index⁵	89

HOUSING
Total HU (Housing Units)	10,301 (100%)
Owner Occupied HU	5,746 (55.8%)
Renter Occupied HU	1,853 (18.0%)
Vacant Housing Units	2,702 (26.2%)
Median Home Value	$242,765
Average Home Value	$302,537
Housing Affordability Index³	146

HOUSEHOLDS
Total Households	7,599
Average Household Size	2.3
Family Households	4,750
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.

Detroit Lakes, MN 56501 - Peer Comparisons by Rank and Percentile

The table below compares 56501 to the other 879 ZIP Codes in Minnesota by rank and percentile using July 1, 2021 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	2010-2021	2021-2026
Population	0.91%	0.87%
Households	0.86%	0.83%
Families	0.72%	0.74%
Median Household Income		0.97%
Per Capita Income		1.39%
Owner Occupied HU		1.17%

Variable Description	Rank	Percentile
Total Population	# 114	87th
Population Density	# 260	71st
Median Household Income	# 592	33rd
Housing Affordability Index	# 168	19th
Per Capita Income	# 411	53rd
Diversity Index	# 278	68th

56501 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56501: Basic Data & USPS Preferred City Name

Detroit Lakes, MN 56501 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Detroit Lakes, MN 56501 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 56501

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