| ZIP Code | 56554 |
|---|---|
| City | Lake Park |
| State | Minnesota (MN) |
| County | Becker County |
| Area Code | 218 |
| Elevation | 1,340 ft |
| Latitude | 46.885553 |
|---|---|
| Longitude | -96.116076 |
| Timezone | Chicago (DST) |
| FIPS | 27005 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.8 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.43 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 50.1% ▲ 29% above avg |
| Unemployment | 1.5% ▼ 70% below avg |
| HS Graduate | 464 (24.8%) |
| Some College | 202 (10.8%) |
| Associates | 267 (14.3%) |
| Bachelors | 246 (13.2%) |
| Graduate Degree | 690 (36.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $91,379 ▲ 20% above avg ↑ 36% since 2019 |
|---|---|
| Median Home Value | $306,200 ▲ 10% above avg ↑ 32% since 2019 |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $795/mo ↑ 24% since 2019 |
| Total Units | 1,792 |
| Vacant Units | 700 |
| Avg HH Size | 2.43 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 1,792 |
|---|---|
| Vacant | 700 |
| Owner Occupied | 92.2% |
| Renter Occupied | 7.8% |
| Avg HH Size | 2.43 |
ZIP code 56554 is located in Lake Park, Minnesota, within Becker County. With a population of 2,687, this is a sparsely populated ZIP code with a mature community — the median age is 48.8 years. Economically, 56554 is a middle-income ZIP code: the median household income of $91,379 is above the national average.
Real estate in ZIP code 56554 represents a mid-range housing market. The median home value of $306,200 is near the national average. Renters can expect to pay around $795 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 32% since 2019.
The population of 56554 is primarily White (90.66%). Residents are well-educated — 50.1% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 4.8%. Household income has grown by 36% since 2019.
The unemployment rate in 56554 stands at 1.5%, which is well below the national average. About 14% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 71%.
Overall, ZIP code 56554 in Lake Park, MN is characterized as middle-income, well-educated, a mature community, and predominantly owner-occupied. With 2,687 residents, a median household income of $91,379, and a median home value of $306,200, it offers a clear picture of life in this part of Minnesota.