56263 ZIP Code – Milroy, Minnesota

Located in Milroy, Minnesota, ZIP code 56263 is a very small ZIP code within Redwood County with a population of approximately 486 residents. At $69,063, the median household income here runs near the Minnesota average and near the U.S. average. Homes in this ZIP code have a median value of $160,700, below the national average, with 92.4% owner-occupied housing (increasing). . Median rent is $495, which is well below the U.S. average. Housing consists of 95% single-family (increasing).

The area reports an unemployment rate of 6.0%, above the national average. About 10.4% of residents live below the poverty line, below the national rate. About 22.0% of residents have completed a four-year degree, below the national rate. The median age is 39.4, near the national median. Nearby ZIP codes include 56255, 56292, 56258.

ZIP Code 56263 Data

Population 486
Median Household Income $69,063
Median Home Value $160,700
Median Rent $495
Median Age 39.4
Unemployment Rate 6.0%
Poverty Rate 10.4%
Bachelor's Degree or Higher 22.0%
State Minnesota

ZIP 56263 vs. Minnesota vs. U.S.

MetricZIP 56263MN Avg.U.S. Avg.
Population4866,53110k
Median Household Income$69k$77k$73k
Median Home Value$160k$223k$258k
Median Rent$495$954$1,088
Median Age39.443.243.2
Unemployment Rate6.0%4.0%5.0%
Poverty Rate10.4%9.9%13.3%
Bachelor's Degree or Higher22.0%26.4%26.9%

Demographics Charts

Race & Ethnicity

Gender

Education Level (adults 25+)

Nearby ZIP Codes

Nearby ZIP Code Comparison

ZIP Code City Population Median Income
56255 LUCAN 381 $67,955
56292 VESTA 591 $70,000
56258 MARSHALL 15,593 $65,903
56287 SEAFORTH 100 $58,750
56175 TRACY 2,964 $69,875