ZIP Code 56518 Demographics

Otter Tail County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 56518 compared to county averages.

Total Population

402

↓ 99.3% vs county

Median HH Income

$53,472

↓ 21.4% vs county

Median Home Value

$142,900

↓ 39.0% vs county

Median Age

31.4 yrs

↑ 31.9% vs county

Unemployment Rate

0.0%

↑ 100.0% vs county

Income & Housing Comparison

How ZIP 56518 compares to Otter Tail County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 56518 $53k Otter Tail $68k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 56518 $143k Otter Tail $234k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

5.2%

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

Owner Occupancy

85.7%

of occupied housing units are owner-occupied

Median Gross Rent

$890

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 56518 using local Census metrics.

Median Home Value$142,900
Down Payment (20%)$28,580
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$908P&I: $723 | Tax: $143 | Ins: $42
Rent (Local Median)
$890
Renting is CheaperRenting is estimated to save you $18/month compared to buying costs.

How Does 56518 Compare?

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

Location & Neighboring Areas

Interactive map showing ZIP code 56518 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 56518, sorted by distance.

56482 5.1 mi away wadena county 56481 14.9 mi away wadena county 56477 15.6 mi away wadena county 56573 17.0 mi away otter tail county 56544 24.9 mi away becker county

About Otter Tail County

Otter Tail County is located in Minnesota and has a total population of 60,072. The county's median household income is $67,990 and median home value is $234,200. ZIP code 56518 is one of many ZCTAs within this county.

View all ZIP codes in Otter Tail 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.