ZIP Code 56263 Demographics

Redwood County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 56263 compared to county averages.

Total Population

486

↓ 96.8% vs county

Median HH Income

$69,063

↑ +5.3% vs county

Median Home Value

$160,700

↑ +15.9% vs county

Median Age

40.6 yrs

↓ +0.5% vs county

Unemployment Rate

5.2%

↓ +199.4% vs county

Income & Housing Comparison

How ZIP 56263 compares to Redwood County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 56263 $69k Redwood $66k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 56263 $161k Redwood $139k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

17.7%

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

Owner Occupancy

89.6%

of occupied housing units are owner-occupied

Median Gross Rent

$495

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 56263 using local Census metrics.

Median Home Value$160,700
Down Payment (20%)$32,140
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$1,021P&I: $813 | Tax: $161 | Ins: $47
Rent (Local Median)
$495
Renting is CheaperRenting is estimated to save you $526/month compared to buying costs.

How Does 56263 Compare?

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

Location & Neighboring Areas

Interactive map showing ZIP code 56263 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 56263, sorted by distance.

56255 6.3 mi away redwood county 56292 7.2 mi away redwood county 56287 11.5 mi away redwood county 56237 15.0 mi away yellow medicine county 56297 15.3 mi away yellow medicine county 56214 17.1 mi away redwood county 56041 53.4 mi away brown county 56021 61.4 mi away nicollet county

About Redwood County

Redwood County is located in Minnesota and has a total population of 15,428. The county's median household income is $65,617 and median home value is $138,700. ZIP code 56263 is one of many ZCTAs within this county.

View all ZIP codes in Redwood 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.