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
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ZIP 56586 vs. Minnesota vs. U.S.
| Metric | ZIP 56586 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 1,808 | 6,531 | 10k |
| Median Household Income | $76k | $77k | $73k |
| Median Home Value | $265k | $223k | $258k |
| Median Rent | $988 | $954 | $1,088 |
| Median Age | 55.1 | 43.2 | 43.2 |
| Unemployment Rate | 2.8% | 4.0% | 5.0% |
| Poverty Rate | 6.8% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 27.1% | 26.4% | 26.9% |
Demographics Charts
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Education Level (adults 25+)
Nearby ZIP Codes
- 56515 – Battle Lake
- 56324 – Dalton
- 56576 – Richville
- 56537 – Fergus Falls
- 56534 – Erhard
- 56524 – Clitherall
- 56528 – Dent
- 56533 – Elizabeth
- 56571 – Ottertail
- 56309 – Ashby
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 |