| ZIP Code | 56115 |
|---|---|
| City | Balaton |
| State | Minnesota (MN) |
| County | Lyon County |
| Area Code | 507/924 |
| Elevation | 1,541 ft |
| Latitude | 44.209457 |
|---|---|
| Longitude | -95.905771 |
| Timezone | Chicago (DST) |
| FIPS | 27083 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 40.9 yrs ↑ 5% since 2019 |
|---|---|
| Avg Household Size | 2.35 |
| Below Poverty | 8.2% ▼ 18% below avg |
| College Grads | 45.3% ▲ 17% above avg |
| Unemployment | 3.4% ▼ 30% below avg |
| No HS Diploma | 5 (0.6%) |
| HS Graduate | 230 (26.3%) |
| Some College | 103 (11.8%) |
| Associates | 140 (16%) |
| Bachelors | 143 (16.4%) |
| Graduate Degree | 252 (28.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $67,177 ▼ 12% below avg ↑ 12% since 2019 |
|---|---|
| Median Home Value | $191,900 ▼ 31% below avg ↑ 44% since 2019 |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,057/mo ↑ 82% since 2019 |
| Total Units | 561 |
| Vacant Units | 35 |
| Avg HH Size | 2.35 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 561 |
|---|---|
| Vacant | 35 |
| Owner Occupied | 82.3% |
| Renter Occupied | 17.7% |
| Avg HH Size | 2.35 |
ZIP code 56115 is located in Balaton, Minnesota, within Lyon County. With a population of 1,262, this is a sparsely populated ZIP code with a middle-aged community — the median age is 40.9 years. Economically, 56115 is a solidly middle-class ZIP code: the median household income of $67,177 is near the national average.
Real estate in ZIP code 56115 represents an affordable housing market. The median home value of $191,900 is below the national average. Renters can expect to pay around $1,057 per month in median rent. Homeownership is strong here — 82.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 44% since 2019.
The population of 56115 is primarily White (93.26%). Residents are well-educated — 45.3% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 8.2%. Household income has grown by 12% since 2019.
The unemployment rate in 56115 stands at 3.4%, which is below the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 73%.
Overall, ZIP code 56115 in Balaton, MN is characterized as solidly middle-class, well-educated, a middle-aged community, and predominantly owner-occupied. With 1,262 residents, a median household income of $67,177, and a median home value of $191,900, it offers a clear picture of life in this part of Minnesota.