ZIP Code 56514 has segments in 3 Counties (Clay, Otter Tail, Wilkin).
The ZIP Code maps and database are updated 4 times per year.
Database updated: April 1, 2025, Maps updated: May 1, 2024.
POPULATION | |
---|---|
Total Population | 3,964 (100%) |
Population in Households | 3,922 (98.9%) |
Population in Families | 3,270 (82.5%) |
Population in Group Quarters1 | 42 ( 1.1%) |
Population Density | 25 |
Diversity Index2 | 14 |
INCOME | |
Median Household Income | $89,771 |
Average Household Income | $121,489 |
% of Income for Mortgage4 | 20% |
Per Capita Income | $45,803 |
Wealth Index5 | 117 |
Socioeconomic Status Index6 | Moderate (60.6) |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,580 (100%) |
Owner Occupied HU | 1,234 (78.1%) |
Renter Occupied HU | 260 (16.5%) |
Vacant Housing Units | 86 ( 5.4%) |
Median Home Value | $282,558 |
Average Home Value | $305,207 |
Housing Affordability Index3 | 121 |
HOUSEHOLDS | |
Total Households | 1,494 |
Average Household Size | 2.63 |
Family Households | 1,033 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2024 | 2024-2029 |
---|---|---|
Population | 1.35% | 0.77% |
Households | 1.49% | 0.97% |
Families | 1.21% | |
Median Household Income | 2.74% | |
Per Capita Income | 3.48% | |
Owner Occupied HU | 1.40% |
The table below compares 56514 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.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 293 | 67th |
Population Density | # 447 | 50th |
Median Household Income | # 247 | 72nd |
Housing Affordability Index | # 625 | 71st |
Per Capita Income | # 255 | 71st |
Diversity Index | # 691 | 22nd |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.