| ZIP Code | 55738 |
|---|---|
| City | Forbes |
| State | Minnesota (MN) |
| County | St. Louis County |
| Area Code | 218 |
| Elevation | 1,319 ft |
| Latitude | 47.26433 |
|---|---|
| Longitude | -92.660348 |
| Timezone | Chicago (DST) |
| FIPS | 27137 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.6 yrs ↓ 6% since 2019 |
|---|---|
| Avg Household Size | 2.56 |
| Below Poverty | 10.1% ≈ Avg |
| College Grads | 34.9% ▼ 10% below avg |
| Unemployment | 8.5% ▲ 73% above avg |
| HS Graduate | 128 (30%) |
| Some College | 78 (18.3%) |
| Associates | 72 (16.9%) |
| Bachelors | 83 (19.4%) |
| Graduate Degree | 66 (15.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $80,278 ≈ Avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $145,000 ▼ 48% below avg ↑ 23% since 2019 |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Total Units | 290 |
| Vacant Units | 62 |
| Avg HH Size | 2.56 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 290 |
|---|---|
| Vacant | 62 |
| Owner Occupied | 97.4% |
| Renter Occupied | 2.6% |
| Avg HH Size | 2.56 |
ZIP code 55738 is located in Forbes, Minnesota, within St. Louis County. With a population of 584, this is a sparsely populated ZIP code with a mature community — the median age is 49.6 years. Economically, 55738 is a middle-income ZIP code: the median household income of $80,278 is near the national average.
Real estate in ZIP code 55738 represents one of the more affordable housing markets in the country. The median home value of $145,000 is below the national average. Homeownership is strong here — 97.4% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 23% since 2019.
The population of 55738 is primarily White (94.18%). Residents are moderately educated — 34.9% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.1%. Household income has grown by 22% since 2019.
The unemployment rate in 55738 stands at 8.5%, which is significantly above the national average. About 15% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 55738 in Forbes, MN is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 584 residents, a median household income of $80,278, and a median home value of $145,000, it offers a clear picture of life in this part of Minnesota.