| ZIP Code | 56262 |
|---|---|
| City | Milan |
| State | Minnesota (MN) |
| County | Chippewa County |
| Area Code | 320 |
| Elevation | 1,018 ft |
| Latitude | 45.115071 |
|---|---|
| Longitude | -95.869707 |
| Timezone | Chicago (DST) |
| FIPS | 27023 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.6 yrs ↓ 14% since 2019 |
|---|---|
| Avg Household Size | 2.73 |
| Below Poverty | 21.3% ▲ 113% above avg |
| College Grads | 36.8% ≈ Avg |
| Unemployment | 10.0% ▲ 103% above avg |
| No HS Diploma | 7 (1.5%) |
| HS Graduate | 144 (29.9%) |
| Some College | 45 (9.4%) |
| Associates | 108 (22.5%) |
| Bachelors | 60 (12.5%) |
| Graduate Degree | 117 (24.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $85,156 ▲ 12% above avg ↑ 60% since 2019 |
|---|---|
| Median Home Value | $101,300 ▼ 64% below avg ↑ 28% since 2019 |
| Home/Income Ratio | 1.2x (nat avg ~3.5x) |
| Median Rent | $1,096/mo ↑ 101% since 2019 |
| Total Units | 354 |
| Vacant Units | 61 |
| Avg HH Size | 2.73 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 354 |
|---|---|
| Vacant | 61 |
| Owner Occupied | 85.0% |
| Renter Occupied | 15.0% |
| Avg HH Size | 2.73 |
ZIP code 56262 is located in Milan, Minnesota, within Chippewa County. With a population of 799, this is a sparsely populated ZIP code with a relatively young community — the median age is 36.6 years. Economically, 56262 is a middle-income ZIP code: the median household income of $85,156 is near the national average.
Real estate in ZIP code 56262 represents one of the more affordable housing markets in the country. The median home value of $101,300 is well below the national average. Renters can expect to pay around $1,096 per month in median rent. Homeownership is strong here — 85.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 28% since 2019.
The population of 56262 is majority White (57.57%). Residents are moderately educated — 36.8% hold a bachelor's degree or higher, which is near the national average. Poverty affects a significant share of residents at 21.3%. Household income has grown by 60% since 2019.
The unemployment rate in 56262 stands at 10.0%, which is more than double the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 63%.
Overall, ZIP code 56262 in Milan, MN is characterized as middle-income, moderately educated, a relatively young community, and predominantly owner-occupied. With 799 residents, a median household income of $85,156, and a median home value of $101,300, it offers a clear picture of life in this part of Minnesota.