56742 ZIP Code Profile, Map, Data & Demographics

ZIP Code Type: STANDARD
County: Red Lake County
Centroid: Latitude 47.835, Longitude -95.852
Time Zone: Central Time Zone (UTC -6 hours)
Observes DST: Yes

ZIP Code 56742 has segments in 3 Counties (Pennington, Polk, Red Lake).

Businesses Addresses: 30
PO Box Addresses: 140
Residential Addresses: 227

Multi-Family Addresses: 15
Single Family Addresses: 212

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

Oklee, MN 56742 Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	847 (100%)
Population in Households	844 (99.6%)
Population in Families	672 (79.3%)
Population in Group Quarters¹	3 ( 0.4%)
Population Density	9
Diversity Index²	15


INCOME
Median Household Income	$59,943
Average Household Income	$72,272
% of Income for Mortgage⁴	10%
Per Capita Income	$30,208
Wealth Index⁵	71

HOUSING
Total HU (Housing Units)	412 (100%)
Owner Occupied HU	297 (72.1%)
Renter Occupied HU	57 (13.8%)
Vacant Housing Units	58 (14.1%)
Median Home Value	$146,759
Average Home Value	$183,923
Housing Affordability Index³	263

HOUSEHOLDS
Total Households	354
Average Household Size	2.38
Family Households	227
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.

Oklee, MN 56742 - Peer Comparisons by Rank and Percentile

The table below compares 56742 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	0.48%	0.09%
Households	0.46%	0.06%
Families	0.32%	-0.09%
Median Household Income		2.19%
Per Capita Income		1.8%
Owner Occupied HU		0.13%

Variable Description	Rank	Percentile
Total Population	# 620	30th
Population Density	# 722	18th
Median Household Income	# 568	35th
Housing Affordability Index	# 807	92nd
Per Capita Income	# 629	29th
Diversity Index	# 455	48th

56742 ZIP Code Profile, Map, Data & Demographics

ZIP Code 56742: Basic Data & USPS Preferred City Name

Oklee, MN 56742 Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Oklee, MN 56742 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 56742

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