| ZIP Code | 56118 |
|---|---|
| City | Bingham Lake |
| State | Minnesota (MN) |
| County | Cottonwood County |
| Area Code | 507/924 |
| Elevation | 1,376 ft |
| Latitude | 43.936028 |
|---|---|
| Longitude | -95.029368 |
| Timezone | Chicago (DST) |
| FIPS | 27033 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 47.8 yrs ↑ 28% since 2019 |
|---|---|
| Avg Household Size | 2.57 |
| Below Poverty | 7.0% ▼ 30% below avg |
| College Grads | 31.1% ▼ 20% below avg |
| Unemployment | 0.0% ▼ 100% below avg |
| HS Graduate | 141 (43.8%) |
| Some College | 39 (12.1%) |
| Associates | 42 (13%) |
| Bachelors | 29 (9%) |
| Graduate Degree | 71 (22%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $89,076 ▲ 17% above avg ↑ 31% since 2019 |
|---|---|
| Median Home Value | $251,600 ▼ 10% below avg ↑ 131% since 2019 |
| Home/Income Ratio | 2.8x (nat avg ~3.5x) |
| Total Units | 208 |
| Vacant Units | 13 |
| Avg HH Size | 2.57 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 208 |
|---|---|
| Vacant | 13 |
| Owner Occupied | 95.9% |
| Renter Occupied | 4.1% |
| Avg HH Size | 2.57 |
ZIP code 56118 is located in Bingham Lake, Minnesota, within Cottonwood County. With a population of 501, this is a sparsely populated ZIP code with a mature community — the median age is 47.8 years. Economically, 56118 is a middle-income ZIP code: the median household income of $89,076 is above the national average.
Real estate in ZIP code 56118 represents a mid-range housing market. The median home value of $251,600 is near the national average. Homeownership is strong here — 95.9% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 131% since 2019.
The population of 56118 is primarily White (97.01%). Residents are moderately educated — 31.1% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 7.0%. Household income has grown by 31% since 2019.
About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 71%.
Overall, ZIP code 56118 in Bingham Lake, MN is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 501 residents, a median household income of $89,076, and a median home value of $251,600, it offers a clear picture of life in this part of Minnesota.