| ZIP Code | 56531 |
|---|---|
| City | Elbow Lake |
| State | Minnesota (MN) |
| County | Grant County |
| Area Code | 218 |
| Elevation | 1,163 ft |
| Latitude | 45.991594 |
|---|---|
| Longitude | -95.981567 |
| Timezone | Chicago (DST) |
| FIPS | 27051 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.8 yrs ↓ 4% since 2019 |
|---|---|
| Avg Household Size | 2.44 |
| Below Poverty | 12.4% ▲ 24% above avg |
| College Grads | 42.4% ▲ 10% above avg |
| Unemployment | 3.1% ▼ 37% below avg |
| No HS Diploma | 16 (1.2%) |
| HS Graduate | 352 (26.9%) |
| Some College | 185 (14.1%) |
| Associates | 200 (15.3%) |
| Bachelors | 291 (22.2%) |
| Graduate Degree | 264 (20.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,162 ≈ Avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $151,600 ▼ 46% below avg ↑ 53% since 2019 |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $785/mo ↑ 4% since 2019 |
| Total Units | 924 |
| Vacant Units | 139 |
| Avg HH Size | 2.44 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 924 |
|---|---|
| Vacant | 139 |
| Owner Occupied | 75.5% |
| Renter Occupied | 24.5% |
| Avg HH Size | 2.44 |
ZIP code 56531 is located in Elbow Lake, Minnesota, within Grant County. With a population of 1,948, this is a sparsely populated ZIP code with a middle-aged community — the median age is 41.8 years. Economically, 56531 is a solidly middle-class ZIP code: the median household income of $73,162 is near the national average.
Real estate in ZIP code 56531 represents an affordable housing market. The median home value of $151,600 is below the national average. Renters can expect to pay around $785 per month in median rent. Homeownership is strong here — 75.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 53% since 2019.
The population of 56531 is primarily White (93.53%). Residents are well-educated — 42.4% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 12.4%. Household income has grown by 23% since 2019.
The unemployment rate in 56531 stands at 3.1%, which is below the national average. As in most parts of the country, driving alone is the dominant commute mode at 80%.
Overall, ZIP code 56531 in Elbow Lake, MN is characterized as solidly middle-class, well-educated, a middle-aged community, and predominantly owner-occupied. With 1,948 residents, a median household income of $73,162, and a median home value of $151,600, it offers a clear picture of life in this part of Minnesota.