| ZIP Code | 56241 |
|---|---|
| City | Granite Falls |
| State | Minnesota (MN) |
| County | Yellow Medicine County |
| Area Code | 320/507/924 |
| Elevation | 1,024 ft |
| Latitude | 44.797888 |
|---|---|
| Longitude | -95.572967 |
| Timezone | Chicago (DST) |
| FIPS | 27173 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.7 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.18 |
| Below Poverty | 9.1% ▼ 9% below avg |
| College Grads | 37.7% ≈ Avg |
| Unemployment | 7.1% ▲ 45% above avg |
| No HS Diploma | 9 (0.4%) |
| HS Graduate | 720 (29.3%) |
| Some College | 337 (13.7%) |
| Associates | 466 (19%) |
| Bachelors | 346 (14.1%) |
| Graduate Degree | 580 (23.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,354 ▼ 13% below avg ↑ 6% since 2019 |
|---|---|
| Median Home Value | $154,500 ▼ 45% below avg ↑ 11% since 2019 |
| Home/Income Ratio | 2.3x (nat avg ~3.5x) |
| Median Rent | $805/mo ↑ 30% since 2019 |
| Total Units | 1,793 |
| Vacant Units | 98 |
| Avg HH Size | 2.18 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,793 |
|---|---|
| Vacant | 98 |
| Owner Occupied | 79.2% |
| Renter Occupied | 20.8% |
| Avg HH Size | 2.18 |
ZIP code 56241 is located in Granite Falls, Minnesota, within Yellow Medicine County. With a population of 3,829, this is a sparsely populated ZIP code with a middle-aged community — the median age is 41.7 years. Economically, 56241 is a solidly middle-class ZIP code: the median household income of $66,354 is near the national average.
Real estate in ZIP code 56241 represents an affordable housing market. The median home value of $154,500 is below the national average. Renters can expect to pay around $805 per month in median rent. Homeownership is strong here — 79.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 11% since 2019.
The population of 56241 is primarily White (78.77%). Residents are moderately educated — 37.7% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 9.1%. Household income has grown by 6% since 2019.
The unemployment rate in 56241 stands at 7.1%, which is above the national average. As in most parts of the country, driving alone is the dominant commute mode at 78%.
Overall, ZIP code 56241 in Granite Falls, MN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 3,829 residents, a median household income of $66,354, and a median home value of $154,500, it offers a clear picture of life in this part of Minnesota.