ZIP Code 56114 Demographics

Murray County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 56114 compared to county averages.

Total Population

341

↓ 95.8% vs county

Median HH Income

$71,250

↓ 0.3% vs county

Median Home Value

$164,600

↑ +0.7% vs county

Median Age

50.7 yrs

↓ +8.6% vs county

Unemployment Rate

2.5%

↑ 15.2% vs county

Income & Housing Comparison

How ZIP 56114 compares to Murray County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 56114 $71k Murray $72k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 56114 $165k Murray $164k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

12.9%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

82.2%

of occupied housing units are owner-occupied

Median Gross Rent

$1,056

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 56114 using local Census metrics.

Median Home Value$164,600
Down Payment (20%)$32,920
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,045P&I: $832 | Tax: $165 | Ins: $48
Rent (Local Median)
$1,056
Buying is CheaperBuying a home is estimated to save you $11/month compared to local rents.

How Does 56114 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 56114 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 56114, sorted by distance.

56125 6.0 mi away murray county 56123 7.5 mi away murray county 56183 9.2 mi away cottonwood county 56174 14.8 mi away cottonwood county 56166 19.1 mi away redwood county 56180 19.7 mi away redwood county 56152 23.8 mi away redwood county 56101 23.8 mi away cottonwood county

About Murray County

Murray County is located in Minnesota and has a total population of 8,170. The county's median household income is $71,500 and median home value is $163,500. ZIP code 56114 is one of many ZCTAs within this county.

View all ZIP codes in Murray County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.