56334 Zip Code

April 19, 2024

Zip Code:	56334
City/Town:	Terrace
State:	Minnesota

Population:	5,497
Per Capita Income:	$26,208
Mean Household Income:	$59,042

Total Housing Units:	2,435
Median Home Value:	$78,600
Median Year Homes Built:	1962

Land Area:	200.8 sq miles 520.1 sq kilometers
Water Area:	18.7 sq miles 48.3 sq kilometers

Population Information (56334 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

5,497

Male:

2,716

49.4%

49.2%

Female:

2,781

50.6%

50.8%

Median Age:

47.0 yrs

37.2 yrs

Under 5 years:

327

5.9%

6.5%

5 to 9 years:

286

5.5%

6.6%

10 to 19 years:

610

11.1%

13.8%

20 to 29 years:

534

9.7%

13.8%

30 to 39 years:

539

9.8%

13.0%

40 to 49 years:

690

12.6%

14.2%

50 to 59 years:

878

16.0%

13.6%

60 to 69 years:

670

12.2%

9.4%

70 to 79 years:

533

9.7%

5.4%

80 years and over:

430

7.8%

3.7%

Housing Information (56334 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$78,600

$119,600

Median year homes build:

1962

1971

Median real estate taxes:

$844 / yr.

$1,334 / yr.

Median rent:

$313 / mo.

$519 / mo.

Total households:

2,435

Family households:

1,573

64.6%

66.4%

Nonfamily households:

862

35.4%

33.6%

Households with individuals under 18 years:

592

24.3%

33.4%

Households with individuals 65 years and over:

842

34.6%

24.9%

Average household size:

2.2

Average family size:

2.8

Total housing units:

3,392

Occupied housing units:

2,435

71.8%

88.6%

Vacant housing units:

957

28.2%

11.4%

For rent:

1.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

2.2%

1.4%

Sold, not occupied:

0.5%

0.3%

For seasonal, recreational, or occasional use:

738

21.8%

3.5%

All other vacants:

1.8%

2.8%

Homeowner vacancy rate:

3.8%

2.4%

Rental vacancy rate:

9.8%

9.2%

Owner-occupied housing units:

1,872

Population in owner-occupied housing units:

4,396

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

563

Population in renter-occupied housing units:

995

Average household size of renter-occupied units:

1.8

2.44

Educational Attainment (56334 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

3,757

Less than 9th grade:

396

10.5%

6.2%

9th to 12th grade, no diploma:

250

6.7%

8.7%

High school graduate (includes equivalency):

1,229

32.7%

29.0%

Some college, no degree:

903

24.0%

20.6%

Associate degree:

348

9.3%

7.5%

Bachelor's degree:

439

11.7%

17.6%

Graduate or professional degree:

192

5.1%

10.3%

Percent high school graduate or higher:

82.8%

85.0%

Percent bachelor's degree or higher:

16.8%

27.9%

Income Information (56334 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:

1,990

36.2%

50.4%

Median income:

$25,833 / yr.

$27,932 / yr.

Full-time, year-round workers:

1,009

18.4%

59.7%

Median income:

$31,810 / yr.

$38,349 / yr.

Females 15 years and over with income:

2,069

37.6%

49.6%

Median income:

$12,446 / yr.

$16,327 / yr.

Full-time, year-round workers:

597

10.9%

40.3%

Median income:

$22,520 / yr.

$28,135 / yr.

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