56063 Zip Code

April 19, 2024

Zip Code:	56063
City/Town:	Madison Lake
State:	Minnesota

Population:	2,724
Per Capita Income:	$30,611
Mean Household Income:	$75,964

Total Housing Units:	1,101
Median Home Value:	$137,900
Median Year Homes Built:	1972

Land Area:	42.2 sq miles 109.2 sq kilometers
Water Area:	8.2 sq miles 21.3 sq kilometers

Population Information (56063 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

2,724

Male:

1,421

52.2%

49.2%

Female:

1,303

47.8%

50.8%

Median Age:

43.4 yrs

37.2 yrs

Under 5 years:

166

6.1%

6.5%

5 to 9 years:

155

5.2%

6.6%

10 to 19 years:

310

11.4%

13.8%

20 to 29 years:

304

11.2%

13.8%

30 to 39 years:

306

11.2%

13.0%

40 to 49 years:

380

14.0%

14.2%

50 to 59 years:

512

18.8%

13.6%

60 to 69 years:

374

13.7%

9.4%

70 to 79 years:

150

5.5%

5.4%

80 years and over:

2.5%

3.7%

Housing Information (56063 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$137,900

$119,600

Median year homes build:

1972

1971

Median real estate taxes:

$1,282 / yr.

$1,334 / yr.

Median rent:

$365 / mo.

$519 / mo.

Total households:

1,101

Family households:

796

72.3%

66.4%

Nonfamily households:

305

27.7%

33.6%

Households with individuals under 18 years:

310

28.2%

33.4%

Households with individuals 65 years and over:

250

22.7%

24.9%

Average household size:

2.5

Average family size:

2.9

Total housing units:

1,498

Occupied housing units:

1,101

73.5%

88.6%

Vacant housing units:

397

26.5%

11.4%

For rent:

0.7%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

2.0%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

340

22.7%

3.5%

All other vacants:

0.8%

2.8%

Homeowner vacancy rate:

3.1%

2.4%

Rental vacancy rate:

5.2%

9.2%

Owner-occupied housing units:

920

Population in owner-occupied housing units:

2,330

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

181

Population in renter-occupied housing units:

390

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (56063 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

1,606

Less than 9th grade:

2.1%

6.2%

9th to 12th grade, no diploma:

5.3%

8.7%

High school graduate (includes equivalency):

537

33.4%

29.0%

Some college, no degree:

446

27.8%

20.6%

Associate degree:

144

9.0%

7.5%

Bachelor's degree:

248

15.4%

17.6%

Graduate or professional degree:

112

7.0%

10.3%

Percent high school graduate or higher:

92.6%

85.0%

Percent bachelor's degree or higher:

22.4%

27.9%

Income Information (56063 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:

959

35.2%

50.4%

Median income:

$33,531 / yr.

$27,932 / yr.

Full-time, year-round workers:

639

23.5%

59.7%

Median income:

$38,090 / yr.

$38,349 / yr.

Females 15 years and over with income:

846

31.1%

49.6%

Median income:

$19,375 / yr.

$16,327 / yr.

Full-time, year-round workers:

381

14.0%

40.3%

Median income:

$26,384 / yr.

$28,135 / yr.

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