| ZIP Code | 56031 |
|---|---|
| City | Fairmont |
| State | Minnesota (MN) |
| County | Martin County |
| Area Code | 507/924 |
| Elevation | 1,166 ft |
| Latitude | 43.626846 |
|---|---|
| Longitude | -94.462324 |
| Timezone | Chicago (DST) |
| FIPS | 27091 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.6 yrs ↑ 4% since 2019 |
|---|---|
| Avg Household Size | 2.15 |
| Below Poverty | 11.6% ▲ 16% above avg |
| College Grads | 40.7% ≈ Avg |
| Unemployment | 3.8% ▼ 22% below avg |
| No HS Diploma | 30 (0.4%) |
| HS Graduate | 2,625 (32.2%) |
| Some College | 1,204 (14.8%) |
| Associates | 977 (12%) |
| Bachelors | 1,205 (14.8%) |
| Graduate Degree | 2,117 (25.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,373 ▼ 20% below avg ↑ 24% since 2019 |
|---|---|
| Median Home Value | $175,600 ▼ 37% below avg ↑ 29% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $719/mo ↑ 15% since 2019 |
| Total Units | 5,771 |
| Vacant Units | 377 |
| Avg HH Size | 2.15 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 5,771 |
|---|---|
| Vacant | 377 |
| Owner Occupied | 68.5% |
| Renter Occupied | 31.5% |
| Avg HH Size | 2.15 |
ZIP code 56031 is located in Fairmont, Minnesota, within Martin County. With a population of 11,800, this is a lightly populated ZIP code with a mature community — the median age is 46.6 years. Economically, 56031 is a solidly middle-class ZIP code: the median household income of $61,373 is below the national average.
Real estate in ZIP code 56031 represents an affordable housing market. The median home value of $175,600 is below the national average. Renters can expect to pay around $719 per month in median rent. Homeownership is strong here — 68.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 29% since 2019.
The population of 56031 is primarily White (86.97%). Residents are well-educated — 40.7% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 11.6%. Household income has grown by 24% since 2019.
The unemployment rate in 56031 stands at 3.8%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 81%.
Overall, ZIP code 56031 in Fairmont, MN is characterized as solidly middle-class, well-educated, a mature community, and predominantly owner-occupied. With 11,800 residents, a median household income of $61,373, and a median home value of $175,600, it offers a clear picture of life in this part of Minnesota.