55724 Zip Code

April 26, 2024

Zip Code:	55724
City/Town:	Melrude
State:	Minnesota

Population:	741
Per Capita Income:	$20,164
Mean Household Income:	$56,385

Total Housing Units:	327
Median Home Value:	$72,900
Median Year Homes Built:	1960

Land Area:	238.9 sq miles 618.8 sq kilometers
Water Area:	5.7 sq miles 14.8 sq kilometers

Population Information (55724 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

741

Male:

405

54.7%

49.2%

Female:

336

45.3%

50.8%

Median Age:

50.1 yrs

37.2 yrs

Under 5 years:

3.5%

6.5%

5 to 9 years:

5.0%

6.6%

10 to 19 years:

9.7%

13.8%

20 to 29 years:

7.8%

13.8%

30 to 39 years:

11.3%

13.0%

40 to 49 years:

12.1%

14.2%

50 to 59 years:

180

24.3%

13.6%

60 to 69 years:

13.2%

9.4%

70 to 79 years:

9.7%

5.4%

80 years and over:

3.0%

3.7%

Housing Information (55724 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$72,900

$119,600

Median year homes build:

1960

1971

Median real estate taxes:

$512 / yr.

$1,334 / yr.

Median rent:

$0 / mo.

$519 / mo.

Total households:

327

Family households:

218

66.7%

66.4%

Nonfamily households:

109

33.3%

33.6%

Households with individuals under 18 years:

20.5%

33.4%

Households with individuals 65 years and over:

27.2%

24.9%

Average household size:

2.3

Average family size:

2.6

Total housing units:

928

Occupied housing units:

327

35.2%

88.6%

Vacant housing units:

601

64.8%

11.4%

For rent:

0.1%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

0.6%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

558

60.1%

3.5%

All other vacants:

3.6%

2.8%

Homeowner vacancy rate:

1.9%

2.4%

Rental vacancy rate:

5.9%

9.2%

Owner-occupied housing units:

311

Population in owner-occupied housing units:

704

Average household size of owner-occupied units:

2.3

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

Average household size of renter-occupied units:

2.1

2.44

Educational Attainment (55724 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

571

Less than 9th grade:

1.8%

6.2%

9th to 12th grade, no diploma:

8.4%

8.7%

High school graduate (includes equivalency):

223

39.1%

29.0%

Some college, no degree:

127

22.2%

20.6%

Associate degree:

11.6%

7.5%

Bachelor's degree:

11.2%

17.6%

Graduate or professional degree:

5.8%

10.3%

Percent high school graduate or higher:

89.8%

85.0%

Percent bachelor's degree or higher:

17.0%

27.9%

Income Information (55724 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

323

43.6%

50.4%

Median income:

$30,438 / yr.

$27,932 / yr.

Full-time, year-round workers:

137

18.5%

59.7%

Median income:

$39,688 / yr.

$38,349 / yr.

Females 15 years and over with income:

277

37.4%

49.6%

Median income:

$10,993 / yr.

$16,327 / yr.

Full-time, year-round workers:

9.7%

40.3%

Median income:

$20,000 / yr.

$28,135 / yr.

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