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: January 1, 2023, Maps updated: August 12, 2022.
POPULATION | |
---|---|
Total Population | 4,074 (100%) |
Population in Households | 4,032 (99.0%) |
Population in Families | 3,384 (83.1%) |
Population in Group Quarters1 | 42 ( 1.0%) |
Population Density | 20 |
Diversity Index2 | 13 |
INCOME | |
Median Household Income | $85,927 |
Average Household Income | $100,083 |
% of Income for Mortgage4 | 15% |
Per Capita Income | $38,160 |
Wealth Index5 | 87 |
HOUSING | |
---|---|
Total HU (Housing Units) | 1,641 (100%) |
Owner Occupied HU | 1,287 (78.4%) |
Renter Occupied HU | 258 (15.7%) |
Vacant Housing Units | 96 ( 5.9%) |
Median Home Value | $250,904 |
Average Home Value | $272,998 |
Housing Affordability Index3 | 173 |
HOUSEHOLDS | |
Total Households | 1,545 |
Average Household Size | 2.61 |
Family Households | 1,072 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2022 | 2022-2027 |
---|---|---|
Population | 1.00% | 0.60% |
Households | 1.02% | 0.55% |
Families | 0.52% | |
Median Household Income | 2.60% | |
Per Capita Income | 3.17% | |
Owner Occupied HU | 0.81% |
The table below compares 56514 to the other 878 ZIP Codes in Minnesota by rank and percentile using July 1, 2022 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 | # 285 | 68th |
Population Density | # 502 | 43rd |
Median Household Income | # 181 | 79th |
Housing Affordability Index | # 627 | 71st |
Per Capita Income | # 375 | 57th |
Diversity Index | # 716 | 19th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Minnesota Census Data Comparison Tool.