56586 ZIP Code – Underwood, Minnesota

56586 is a ZIP code serving Underwood, Minnesota in Otter Tail County with a population of approximately 1,808 residents. Residents earn a median household income of $76,080, which is near the Minnesota average and near the national figure. Median home values of $265,300 are near the national average, with 93.9% owner-occupied housing (increasing). , and the median rent of $988 is near the national average. Housing consists of 93% single-family (increasing).

The area reports an unemployment rate of 2.8%, well below the national average. An estimated 6.8% of the population falls below the poverty line, well below the national figure. Bachelor's degree attainment is 27.1%, near the national average. Residents have a median age of 55.1, above the U.S. median. ZIP codes in the surrounding area include 56515, 56324, 56576.

ZIP Code 56586 Data

Population 1,808
Median Household Income $76,080
Median Home Value $265,300
Median Rent $988
Median Age 55.1
Unemployment Rate 2.8%
Poverty Rate 6.8%
Bachelor's Degree or Higher 27.1%
State Minnesota

ZIP 56586 vs. Minnesota vs. U.S.

MetricZIP 56586MN Avg.U.S. Avg.
Population1,8086,53110k
Median Household Income$76k$77k$73k
Median Home Value$265k$223k$258k
Median Rent$988$954$1,088
Median Age55.143.243.2
Unemployment Rate2.8%4.0%5.0%
Poverty Rate6.8%9.9%13.3%
Bachelor's Degree or Higher27.1%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
56515 BATTLE LAKE 2,799 $72,012
56324 DALTON 1,072 $76,667
56576 RICHVILLE 860 $70,769
56537 FERGUS FALLS 19,870 $59,824
56534 ERHARD 1,284 $81,111