56240 Zip Code

April 26, 2024

Zip Code:	56240
City/Town:	Graceville
State:	Minnesota

Population:	1,042
Per Capita Income:	$15,822
Mean Household Income:	$40,437

Total Housing Units:	417
Median Home Value:	$43,400
Median Year Homes Built:	1946

Land Area:	149.4 sq miles 387.0 sq kilometers
Water Area:	4.0 sq miles 10.3 sq kilometers

Population Information (56240 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

1,042

Male:

505

48.5%

49.2%

Female:

537

51.5%

50.8%

Median Age:

47.2 yrs

37.2 yrs

Under 5 years:

5.4%

6.5%

5 to 9 years:

7.0%

6.6%

10 to 19 years:

141

13.5%

13.8%

20 to 29 years:

109

10.5%

13.8%

30 to 39 years:

8.4%

13.0%

40 to 49 years:

123

11.8%

14.2%

50 to 59 years:

151

14.5%

13.6%

60 to 69 years:

108

10.4%

9.4%

70 to 79 years:

112

10.7%

5.4%

80 years and over:

105

10.1%

3.7%

Housing Information (56240 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$43,400

$119,600

Median year homes build:

1946

1971

Median real estate taxes:

$528 / yr.

$1,334 / yr.

Median rent:

$203 / mo.

$519 / mo.

Total households:

417

Family households:

261

62.6%

66.4%

Nonfamily households:

156

37.4%

33.6%

Households with individuals under 18 years:

109

26.1%

33.4%

Households with individuals 65 years and over:

149

35.7%

24.9%

Average household size:

2.4

Average family size:

3.1

Total housing units:

489

Occupied housing units:

417

85.3%

88.6%

Vacant housing units:

14.7%

11.4%

For rent:

1.6%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.8%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

3.5%

All other vacants:

7.6%

2.8%

Homeowner vacancy rate:

2.6%

2.4%

Rental vacancy rate:

8.4%

9.2%

Owner-occupied housing units:

330

Population in owner-occupied housing units:

845

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

149

Average household size of renter-occupied units:

1.7

2.44

Educational Attainment (56240 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

760

Less than 9th grade:

110

14.5%

6.2%

9th to 12th grade, no diploma:

9.9%

8.7%

High school graduate (includes equivalency):

299

39.3%

29.0%

Some college, no degree:

156

20.5%

20.6%

Associate degree:

7.8%

7.5%

Bachelor's degree:

6.7%

17.6%

Graduate or professional degree:

1.3%

10.3%

Percent high school graduate or higher:

75.7%

85.0%

Percent bachelor's degree or higher:

8.0%

27.9%

Income Information (56240 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:

359

34.5%

50.4%

Median income:

$20,272 / yr.

$27,932 / yr.

Full-time, year-round workers:

157

15.1%

59.7%

Median income:

$30,375 / yr.

$38,349 / yr.

Females 15 years and over with income:

403

38.7%

49.6%

Median income:

$10,679 / yr.

$16,327 / yr.

Full-time, year-round workers:

8.4%

40.3%

Median income:

$21,071 / yr.

$28,135 / yr.

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