56514 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Clay County
Centroid: Latitude 46.67, Longitude -96.392
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56514 has segments in 3 Counties (Clay, Otter Tail, Wilkin).

Businesses Addresses: 101
PO Box Addresses: 229
Residential Addresses: 1,415

Multi-Family Addresses: 62
Single Family Addresses: 1,353

Foreclosures in MN 56514

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2023, Maps updated: August 12, 2022.

Barnesville, MN 56514 Data & Demographics (As of July 1, 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

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.

Barnesville, MN 56514 - Peer Comparisons by Rank and Percentile

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.

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%

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

56514 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56514: Basic Data & USPS Preferred City Name

Barnesville, MN 56514 Data & Demographics (As of July 1, 2022)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Barnesville, MN 56514 - Peer Comparisons by Rank and Percentile

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