| ZIP Code | 56263 |
|---|---|
| City | Milroy |
| State | Minnesota (MN) |
| County | Redwood County |
| Area Code | 320 |
| Elevation | 1,103 ft |
| Latitude | 44.42149 |
|---|---|
| Longitude | -95.532478 |
| Timezone | Chicago (DST) |
| FIPS | 27127 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.4 yrs ↓ 10% since 2019 |
|---|---|
| Avg Household Size | 2.51 |
| Below Poverty | 10.4% ≈ Avg |
| College Grads | 38.9% ≈ Avg |
| Unemployment | 6.0% ▲ 22% above avg |
| No HS Diploma | 4 (1.3%) |
| HS Graduate | 63 (21.1%) |
| Some College | 37 (12.4%) |
| Associates | 78 (26.2%) |
| Bachelors | 50 (16.8%) |
| Graduate Degree | 66 (22.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,750 ≈ Avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $162,000 ▼ 42% below avg ↑ 45% since 2019 |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $550/mo ↑ 24% since 2019 |
| Total Units | 215 |
| Vacant Units | 35 |
| Avg HH Size | 2.51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 215 |
|---|---|
| Vacant | 35 |
| Owner Occupied | 92.2% |
| Renter Occupied | 7.8% |
| Avg HH Size | 2.51 |
ZIP code 56263 is located in Milroy, Minnesota, within Redwood County. With a population of 452, this is a sparsely populated ZIP code with a middle-aged community — the median age is 39.4 years. Economically, 56263 is a solidly middle-class ZIP code: the median household income of $73,750 is near the national average.
Real estate in ZIP code 56263 represents an affordable housing market. The median home value of $162,000 is below the national average. Renters can expect to pay around $550 per month in median rent. Homeownership is strong here — 92.2% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 45% since 2019.
The population of 56263 is primarily White (92.48%). Residents are moderately educated — 38.9% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 10.4%. Household income has grown by 22% since 2019.
The unemployment rate in 56263 stands at 6.0%, which is above the national average. About 24% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 64%.
Overall, ZIP code 56263 in Milroy, MN is characterized as solidly middle-class, moderately educated, a middle-aged community, and predominantly owner-occupied. With 452 residents, a median household income of $73,750, and a median home value of $162,000, it offers a clear picture of life in this part of Minnesota.