| ZIP Code | 56245 |
|---|---|
| City | Hanley Falls |
| State | Minnesota (MN) |
| County | Yellow Medicine County |
| Area Code | 320/507/924 |
| Elevation | 1,050 ft |
| Latitude | 44.684045 |
|---|---|
| Longitude | -95.677295 |
| Timezone | Chicago (DST) |
| FIPS | 27173 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.5 yrs ↑ 31% since 2019 |
|---|---|
| Avg Household Size | 2.30 |
| Below Poverty | 9.4% ≈ Avg |
| College Grads | 30.6% ▼ 21% below avg |
| Unemployment | 2.0% ▼ 59% below avg |
| No HS Diploma | 3 (1%) |
| HS Graduate | 115 (39.1%) |
| Some College | 39 (13.3%) |
| Associates | 47 (16%) |
| Bachelors | 53 (18%) |
| Graduate Degree | 37 (12.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $82,679 ▲ 8% above avg ↑ 18% since 2019 |
|---|---|
| Median Home Value | $150,000 ▼ 46% below avg ↑ 56% since 2019 |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $628/mo ↓ 14% since 2019 |
| Total Units | 236 |
| Vacant Units | 27 |
| Avg HH Size | 2.30 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 236 |
|---|---|
| Vacant | 27 |
| Owner Occupied | 71.8% |
| Renter Occupied | 28.2% |
| Avg HH Size | 2.30 |
ZIP code 56245 is located in Hanley Falls, Minnesota, within Yellow Medicine County. With a population of 481, this is a sparsely populated ZIP code with a relatively young community — the median age is 36.5 years. Economically, 56245 is a middle-income ZIP code: the median household income of $82,679 is near the national average.
Real estate in ZIP code 56245 represents one of the more affordable housing markets in the country. The median home value of $150,000 is below the national average. Renters can expect to pay around $628 per month in median rent. Homeownership is strong here — 71.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 56% since 2019.
The population of 56245 is primarily White (81.29%). Residents are moderately educated — 30.6% hold a bachelor's degree or higher, which is below the national average. Poverty affects a relatively small share of residents at 9.4%. Household income has grown by 18% since 2019.
The unemployment rate in 56245 stands at 2.0%, which is well below the national average. As in most parts of the country, driving alone is the dominant commute mode at 85%.
Overall, ZIP code 56245 in Hanley Falls, MN is characterized as middle-income, moderately educated, a relatively young community, and predominantly owner-occupied. With 481 residents, a median household income of $82,679, and a median home value of $150,000, it offers a clear picture of life in this part of Minnesota.