56031 ZIP Code – Fairmont, Minnesota
56031 is a mid-sized ZIP code in Fairmont, Minnesota, part of Martin County with a population of approximately 11,861 residents. At $58,647, the median household income here runs below the Minnesota average and below the U.S. average. Median home values of $163,100 are below the national average, with 63.8% owner-occupied housing (decreasing). . Median rent is $749, which is below the U.S. average. Housing consists of 69% single-family (decreasing), 20% apartments (increasing), 10% duplex/multi-family.
The unemployment rate is 3.8%, below the national average. An estimated 11.7% of the population falls below the poverty line, near the national figure. About 26.2% of residents have completed a four-year degree, near the national rate. The population has a median age of 46.6, near the national median. ZIP codes in the surrounding area include 56039, 56181, 56121.
ZIP Code 56031 Data
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ZIP 56031 vs. Minnesota vs. U.S.
| Metric | ZIP 56031 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 11k | 6,531 | 10k |
| Median Household Income | $58k | $77k | $73k |
| Median Home Value | $163k | $223k | $258k |
| Median Rent | $749 | $954 | $1,088 |
| Median Age | 46.6 | 43.2 | 43.2 |
| Unemployment Rate | 3.8% | 4.0% | 5.0% |
| Poverty Rate | 11.7% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 26.2% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 56039 – Granada
- 56181 – Welcome
- 56121 – Ceylon
- 50531 – Dolliver
- 56088 – Truman
- 50514 – Armstrong
- 56171 – Sherburn
- 56127 – Dunnell
- 50590 – Swea City
- 56176 – Trimont
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 56039 | GRANADA | 932 | $79,375 |
| 56181 | WELCOME | 1,187 | $60,500 |
| 56121 | CEYLON | 598 | $44,556 |
| 50531 | DOLLIVER | 232 | $78,036 |
| 56088 | TRUMAN | 2,062 | $69,009 |