| ZIP Code | 56368 |
|---|---|
| City | Richmond |
| State | Minnesota (MN) |
| County | Stearns County |
| Area Code | 320 |
| Elevation | 1,086 ft |
| Latitude | 45.464267 |
|---|---|
| Longitude | -94.56116 |
| Timezone | Chicago (DST) |
| FIPS | 27145 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.1 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.50 |
| Below Poverty | 5.7% ▼ 43% below avg |
| College Grads | 35.4% ▼ 9% below avg |
| Unemployment | 3.1% ▼ 36% below avg |
| No HS Diploma | 20 (0.7%) |
| HS Graduate | 1,136 (40.4%) |
| Some College | 260 (9.2%) |
| Associates | 402 (14.3%) |
| Bachelors | 371 (13.2%) |
| Graduate Degree | 626 (22.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $92,963 ▲ 22% above avg ↑ 34% since 2019 |
|---|---|
| Median Home Value | $309,500 ▲ 11% above avg ↑ 32% since 2019 |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $822/mo ↑ 14% since 2019 |
| Total Units | 2,312 |
| Vacant Units | 654 |
| Avg HH Size | 2.50 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 2,312 |
|---|---|
| Vacant | 654 |
| Owner Occupied | 91.1% |
| Renter Occupied | 8.9% |
| Avg HH Size | 2.50 |
ZIP code 56368 is located in Richmond, Minnesota, within Stearns County. With a population of 4,162, this is a lightly populated ZIP code with a mature community — the median age is 45.1 years. Economically, 56368 is a middle-income ZIP code: the median household income of $92,963 is above the national average.
Real estate in ZIP code 56368 represents a mid-range housing market. The median home value of $309,500 is near the national average. Renters can expect to pay around $822 per month in median rent. Homeownership is strong here — 91.1% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 32% since 2019.
The population of 56368 is primarily White (92.19%). Residents are moderately educated — 35.4% hold a bachelor's degree or higher, which is near the national average. Poverty affects a relatively small share of residents at 5.7%. Household income has grown by 34% since 2019.
The unemployment rate in 56368 stands at 3.1%, which is below the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 82%.
Overall, ZIP code 56368 in Richmond, MN is characterized as middle-income, moderately educated, a mature community, and predominantly owner-occupied. With 4,162 residents, a median household income of $92,963, and a median home value of $309,500, it offers a clear picture of life in this part of Minnesota.