Bovey, MN · standard
ZIP Code 55709
Itasca County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,075
- 7/sq mi Low-density area
- $75,652
- Median income Near-median income area
- $225,700
- Median home value Near-median home value
- 21.6%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Bovey pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 44%
- household income, US ZIPs
- Top 49%
- home value, US ZIPs
- 7
- people per sq mi
- 88%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55709 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55709 (Bovey, MN) rose +20.8% from 2023 to 2024. The all-transactions index moved from 202.9 in 2023 to 245.0 in 2024 (2000 = 100).
ZIP code 55709 covers 590.6 square miles in Bovey, Itasca County, Minnesota (a standard USPS delivery area), with a modest 4,075 residents on file, a density of 7 people per square mile, in the Chicago time zone.
ZIP 55709 lands in the middle-income range, with a median household income of $75,652 (8% below the average Minnesota ZIP), while per-capita income is $36,571. The poverty rate is 11.5%, with unemployment at 4.7%; those measures add context to the income figure. Median home value is $225,700 (12% below the average Minnesota ZIP) and median rent is $981; 87.8% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 21.6% of adults hold a bachelor's degree or higher, the median age is 45, and the average commute is 28 minutes. The page also surfaces 4 ZIP codes within roughly 10 miles and 6 more in Itasca County, so 55709 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55709
Top 5 sectors by establishment count in Bovey, MN
Which industries have the most business establishments in ZIP 55709.
- Construction
Construction
17 establishments
- Retail trade 5
Retail trade
5 establishments
- Agriculture, forestry, fishing and hunting 4
Agriculture, forestry, fishing and hunting
4 establishments
- Professional, scientific, and technical services 4
Professional, scientific, and technical services
4 establishments
- Administrative and support and waste management and remediation services 4
Administrative and support and waste management and remediation services
4 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 55709, Bovey, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
4,075
Population
590.6
Area (sq mi)
7
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55709?
45.0
Median Age
53.0%
Male
47.0%
Female
0.7%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$75,652
Median Household Income
-8% vs state ZIP avg
$36,571
Per Capita Income
11.5%
Poverty Rate
4.7%
Unemployment Rate
28.1 min
Mean Commute Time
How ZIP 55709 ranks among Minnesota ZIPs
Bovey, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$75,652 46th percentile higher than 46% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
2,554housing units
2,554
Total Housing Units
1,774
Occupied Units
780
Vacant Units
2.58
Avg Household Size
Occupancy Type
$225,700
Median Home Value
-12% vs state ZIP avg
$981
Median Rent
1979
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+20.8%
YoY Change (2024)
245
HPI Index (2000 = 100)
+145%
Total Change Since 2000
Home values in ZIP 55709 have increased 20.8% over the past year (2024). Since 2000, this ZIP has seen +145% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.5% | 169 |
| 2021 | +9.2% | 185 |
| 2022 | +16.2% | 215 |
| 2023 | -5.6% | 203 |
| 2024 | +20.8% | 245 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 52 business establishments in ZIP 55709, employing approximately 323 people with a combined annual payroll of $13,200,000.
52
Businesses
323
Employees
$13.2M
Annual Payroll
8
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 17 | 32.7% |
| Retail trade | 5 | 9.6% |
| Agriculture, forestry, fishing and hunting | 4 | 7.7% |
| Professional, scientific, and technical services | 4 | 7.7% |
| Administrative and support and waste management and remediation services | 4 | 7.7% |
| Health care and social assistance | 4 | 7.7% |
| Other services (except public administration) | 4 | 7.7% |
| Wholesale trade | 3 | 5.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 55709 vs 55786 →
ZIP 55709 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55709
Bovey (55709)
4,075 residents
- 55722 1,200
Coleraine (55722)
1,200 residents
- 55764 569
Marble (55764)
569 residents
- 55716 341
Calumet (55716)
341 residents
- 55786 305
Taconite (55786)
305 residents
What this shows Among its immediate neighbors, ZIP 55709 ranks the most populous - useful context the national average alone can't give.
ZIP 55709 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55709
Bovey (55709)
$75,652 median income
- 55722
Coleraine (55722)
$68,636 median income
- 55764
Marble (55764)
$63,594 median income
- 55786
Taconite (55786)
$61,597 median income
- 55716
Calumet (55716)
$43,036 median income
What this shows By household income, ZIP 55709 ranks the highest of 5 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55709, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (4,075 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Itasca County
Related Areas
Frequently Asked Questions
What county is ZIP code 55709 in?
ZIP code 55709 (Bovey) is located in Itasca County, Minnesota. Itasca County contains multiple ZIP codes, see the full list at /counties/itasca-mn.
What is the population of ZIP code 55709?
ZIP code 55709 in Bovey, MN has a population of 4,075 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55709?
The median household income in ZIP 55709 is $75,652, which is 1% below the national average of $76,288.
What is the average home value in ZIP 55709?
The median home value in ZIP 55709 is $225,700, which is 19% below the national average of $278,155.
What is the demographic makeup of ZIP 55709?
The largest racial group in ZIP 55709 is White at 91.7%. Hispanic or Latino residents make up 0.5% of the population.
How many businesses are in ZIP code 55709?
ZIP code 55709 has 52 business establishments employing approximately 323 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55709?
The top industries by establishment count in ZIP 55709 are: Construction (17), Retail trade (5), Agriculture, forestry, fishing and hunting (4). There are 8 industry sectors represented in total.
How have home values changed in ZIP code 55709?
According to the FHFA House Price Index, home values in ZIP 55709 increased by 20.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 145%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55709?
In ZIP code 55709, 52.2% of residents aged 25+ have a high school diploma or higher, and 21.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55709?
The mean commute time for workers in ZIP code 55709 is 28.1 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55709?
In ZIP code 55709, approximately 87.8% of occupied housing units are owner-occupied and 12.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55709?
The poverty rate in ZIP code 55709 is 11.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 55709's numbers, next.
- See how ZIP 55709 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Bovey, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.