Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 46.1 yrs |
|---|---|
| Avg HH Size | 2.23 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 42.2% ▲ 9% above avg |
| Unemployment | 3.3% ▼ 33% below avg |
| No HS Diploma | 2 (0.4%) |
| HS Graduate | 237 (44.1%) |
| Some College | 28 (5.2%) |
| Associates | 44 (8.2%) |
| Bachelors | 156 (29%) |
| Graduate Degree | 71 (13.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,250 ▼ 13% below avg |
|---|---|
| Median Home Value | $118,400 ▼ 58% below avg |
| Home/Income Ratio | 1.8x (nat avg ~3.5x) |
| Median Rent | $705/mo |
| Total Housing Units | 395 |
| Vacant Units | 55 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Graceville is a city in Minnesota, located in Big Stone County. The city spans 1 ZIP code and is home to approximately 807 residents. It is a mature city, with a median age of 46.1 years.
Economically, Graceville is a solidly middle-class community. The median household income of $66,250 is near the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 3.3%, below the national average.
The real estate market in Graceville is one of the more affordable housing markets in the country. Median home values stand at $118,400, which is well below the national average. Renters typically pay around $705 per month. Homeownership is high at 72.7%, typical of suburban and family-oriented communities.
The population of Graceville is well-educated. 42.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (94.55%).
Graceville, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56240 | 807 | $66,250 | $118,400 | $705 | 3.3% | 42.2% | 72.7% |