56327 Zip Code

April 18, 2024

Zip Code:	56327
City/Town:	Farwell
State:	Minnesota

Population:	803
Per Capita Income:	$20,398
Mean Household Income:	$57,020

Total Housing Units:	309
Median Home Value:	$113,900
Median Year Homes Built:	1970

Land Area:	50.1 sq miles 129.7 sq kilometers
Water Area:	7.2 sq miles 18.6 sq kilometers

Population Information (56327 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

803

Male:

418

52.1%

49.2%

Female:

385

47.9%

50.8%

Median Age:

44.7 yrs

37.2 yrs

Under 5 years:

4.9%

6.5%

5 to 9 years:

7.3%

6.6%

10 to 19 years:

110

13.7%

13.8%

20 to 29 years:

7.7%

13.8%

30 to 39 years:

10.1%

13.0%

40 to 49 years:

125

15.6%

14.2%

50 to 59 years:

130

16.2%

13.6%

60 to 69 years:

127

15.8%

9.4%

70 to 79 years:

6.0%

5.4%

80 years and over:

2.7%

3.7%

Housing Information (56327 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$113,900

$119,600

Median year homes build:

1970

1971

Median real estate taxes:

$1,052 / yr.

$1,334 / yr.

Median rent:

$300 / mo.

$519 / mo.

Total households:

309

Family households:

238

77.0%

66.4%

Nonfamily households:

23.0%

33.6%

Households with individuals under 18 years:

30.4%

33.4%

Households with individuals 65 years and over:

26.2%

24.9%

Average household size:

2.6

Average family size:

3.0

Total housing units:

557

Occupied housing units:

309

55.5%

88.6%

Vacant housing units:

248

44.5%

11.4%

For rent:

0.4%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

0.7%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

227

40.8%

3.5%

All other vacants:

2.5%

2.8%

Homeowner vacancy rate:

1.4%

2.4%

Rental vacancy rate:

10.0%

9.2%

Owner-occupied housing units:

291

Population in owner-occupied housing units:

755

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

Population in renter-occupied housing units:

Average household size of renter-occupied units:

2.7

2.44

Educational Attainment (56327 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

494

Less than 9th grade:

5.7%

6.2%

9th to 12th grade, no diploma:

5.9%

8.7%

High school graduate (includes equivalency):

199

40.3%

29.0%

Some college, no degree:

131

26.5%

20.6%

Associate degree:

7.7%

7.5%

Bachelor's degree:

10.5%

17.6%

Graduate or professional degree:

3.4%

10.3%

Percent high school graduate or higher:

88.5%

85.0%

Percent bachelor's degree or higher:

14.0%

27.9%

Income Information (56327 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:

277

34.5%

50.4%

Median income:

$27,596 / yr.

$27,932 / yr.

Full-time, year-round workers:

141

17.6%

59.7%

Median income:

$33,250 / yr.

$38,349 / yr.

Females 15 years and over with income:

249

31.0%

49.6%

Median income:

$11,655 / yr.

$16,327 / yr.

Full-time, year-round workers:

11.1%

40.3%

Median income:

$17,404 / yr.

$28,135 / yr.

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