56554 Zip Code

April 19, 2024

Zip Code:	56554
City/Town:	Lake Park
State:	Minnesota

Population:	2,709
Per Capita Income:	$22,821
Mean Household Income:	$54,116

Total Housing Units:	1,109
Median Home Value:	$94,500
Median Year Homes Built:	1971

Land Area:	117.8 sq miles 305.1 sq kilometers
Water Area:	16.4 sq miles 42.6 sq kilometers

Population Information (56554 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,709

Male:

1,384

51.1%

49.2%

Female:

1,325

48.9%

50.8%

Median Age:

47.0 yrs

37.2 yrs

Under 5 years:

144

5.3%

6.5%

5 to 9 years:

169

6.2%

6.6%

10 to 19 years:

346

12.8%

13.8%

20 to 29 years:

168

6.2%

13.8%

30 to 39 years:

282

10.4%

13.0%

40 to 49 years:

376

13.9%

14.2%

50 to 59 years:

463

17.1%

13.6%

60 to 69 years:

395

14.6%

9.4%

70 to 79 years:

230

8.5%

5.4%

80 years and over:

136

5.0%

3.7%

Housing Information (56554 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$94,500

$119,600

Median year homes build:

1971

Median real estate taxes:

$877 / yr.

$1,334 / yr.

Median rent:

$338 / mo.

$519 / mo.

Total households:

1,109

Family households:

807

72.8%

66.4%

Nonfamily households:

302

27.2%

33.6%

Households with individuals under 18 years:

312

28.1%

33.4%

Households with individuals 65 years and over:

346

31.2%

24.9%

Average household size:

2.4

Average family size:

2.8

Total housing units:

1,866

Occupied housing units:

1,109

59.4%

88.6%

Vacant housing units:

757

40.6%

11.4%

For rent:

1.0%

3.1%

Rented, not occupied:

0.0%

0.2%

For sale only:

1.2%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

671

36.0%

3.5%

All other vacants:

2.0%

2.8%

Homeowner vacancy rate:

2.3%

2.4%

Rental vacancy rate:

12.1%

9.2%

Owner-occupied housing units:

978

Population in owner-occupied housing units:

2,375

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

131

Population in renter-occupied housing units:

292

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (56554 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,750

Less than 9th grade:

139

7.9%

6.2%

9th to 12th grade, no diploma:

143

8.2%

8.7%

High school graduate (includes equivalency):

638

36.5%

29.0%

Some college, no degree:

425

24.3%

20.6%

Associate degree:

116

6.6%

7.5%

Bachelor's degree:

214

12.2%

17.6%

Graduate or professional degree:

4.3%

10.3%

Percent high school graduate or higher:

83.9%

85.0%

Percent bachelor's degree or higher:

16.5%

27.9%

Income Information (56554 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:

997

36.8%

50.4%

Median income:

$26,942 / yr.

$27,932 / yr.

Full-time, year-round workers:

448

16.5%

59.7%

Median income:

$33,810 / yr.

$38,349 / yr.

Females 15 years and over with income:

885

32.7%

49.6%

Median income:

$12,455 / yr.

$16,327 / yr.

Full-time, year-round workers:

250

9.2%

40.3%

Median income:

$25,192 / yr.

$28,135 / yr.

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