56240 ZIP Code – Graceville, Minnesota
56240 is a small ZIP code in Graceville, Minnesota, part of Big Stone County with a population of approximately 873 residents. At $59,821, the median household income here runs below the Minnesota average and below the U.S. average. The median home value of $123,700 is well below the national average, with 65.8% owner-occupied housing (decreasing). . Median rent is $667, which is below the U.S. average. Housing consists of 76% single-family (decreasing), 14% apartments (decreasing).
Unemployment stands at 3.3%, which is below the U.S. rate. The poverty rate of 17.1% is above the U.S. average. An estimated 14.8% of adults hold a bachelor's degree or higher, well below the national average. At 46.1, the median age is near the national figure. Nearby ZIP codes include 56210, 56225, 56236.
ZIP Code 56240 Data
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ZIP 56240 vs. Minnesota vs. U.S.
| Metric | ZIP 56240 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 873 | 6,531 | 10k |
| Median Household Income | $59k | $77k | $73k |
| Median Home Value | $123k | $223k | $258k |
| Median Rent | $667 | $954 | $1,088 |
| Median Age | 46.1 | 43.2 | 43.2 |
| Unemployment Rate | 3.3% | 4.0% | 5.0% |
| Poverty Rate | 17.1% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 14.8% | 26.4% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 56210 – Barry
- 56225 – Clinton
- 56236 – Dumont
- 56211 – Beardsley
- 56221 – Chokio
- 56278 – Ortonville
- 56219 – Browns Valley
- 57216 – Big Stone City
- 57227 – Corona
- 56296 – Wheaton
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 56210 | BARRY | 15 | $66,250 |
| 56225 | CLINTON | 678 | $72,500 |
| 56236 | DUMONT | 428 | $91,875 |
| 56211 | BEARDSLEY | 544 | $78,214 |
| 56221 | CHOKIO | 802 | $67,969 |