56535 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Polk County
Centroid: Latitude 47.668, Longitude -96.006
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56535 has segments in 2 Counties (Polk, Red Lake).

Businesses Addresses: 52
PO Box Addresses: 76
Residential Addresses: 562

Multi-Family Addresses: 29
Single Family Addresses: 533

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

Erskine, MN 56535 Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	1,276 (100%)
Population in Households	1,207 (94.6%)
Population in Families	964 (75.5%)
Population in Group Quarters¹	69 ( 5.4%)
Population Density	15
Diversity Index²	18


INCOME
Median Household Income	$57,930
Average Household Income	$81,365
% of Income for Mortgage⁴	31%
Per Capita Income	$33,622
Wealth Index⁵	75
Socioeconomic Status Index⁶	Moderate (46.5)

HOUSING
Total HU (Housing Units)	849 (100%)
Owner Occupied HU	425 (50.1%)
Renter Occupied HU	101 (11.9%)
Vacant Housing Units	323 (38.0%)
Median Home Value	$285,500
Average Home Value	$321,118
Housing Affordability Index³	78

HOUSEHOLDS
Total Households	526
Average Household Size	2.29
Family Households	329
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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Erskine, MN 56535 - Peer Comparisons by Rank and Percentile

The table below compares 56535 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.74%	-0.03%
Households	-0.79%	-0.38%
Families		-0.87%
Median Household Income		2.95%
Per Capita Income		3.08%
Owner Occupied HU		-0.57%

Variable Description	Rank	Percentile
Total Population	# 510	42nd
Population Density	# 587	34th
Median Household Income	# 802	9th
Housing Affordability Index	# 128	15th
Per Capita Income	# 772	13th
Diversity Index	# 532	40th

56535 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56535: Basic Data & USPS Preferred City Name

Erskine, MN 56535 Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Erskine, MN 56535 - Peer Comparisons by Rank and Percentile

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