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
- $75,652
- Median income
- $225,700
- Median home value
- 21.6%
- Bachelor's or higher
The verdict
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.
ZIP code 55709 is classified by USPS as a standard delivery area and covers roughly 590.6 square miles in Bovey, Itasca County, Minnesota. The area is home to 4,075 residents, producing a population density of 7 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55709 against Minnesota and the nation.
On the economic side, the median household income for ZIP 55709 sits at $75,652 (8% below the Minnesota average), while per-capita income is $36,571. The poverty rate stands at 11.5% and the unemployment rate at 4.7%. On housing, the median home value is $225,700 (12% below the state average) with median rent at $981 per month, and 87.8% of occupied units are owner-occupied, a direct signal of whether 55709 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 21.6% of adults hold a bachelor's degree or higher, the median age is 45, and the average commute is 28 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Itasca County, so you can benchmark 55709 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 55709
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$36,571
Per Capita Income
11.5%
Poverty Rate
4.7%
Unemployment Rate
28.1 min
Mean Commute Time
How ZIP 55709 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$75,652 Top 44% higher than 56% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US 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?
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
$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.
More ZIP Codes in Itasca County
Related Areas
Frequently Asked Questions
What county is ZIP code 55709 in? ▼
What is the population of ZIP code 55709? ▼
What is the median household income in ZIP 55709? ▼
What is the average home value in ZIP 55709? ▼
What is the demographic makeup of ZIP 55709? ▼
How many businesses are in ZIP code 55709? ▼
What are the main industries in ZIP code 55709? ▼
How have home values changed in ZIP code 55709? ▼
What is the education level in ZIP code 55709? ▼
What is the average commute time in ZIP 55709? ▼
What percentage of residents own vs. rent in ZIP 55709? ▼
What is the poverty rate in ZIP code 55709? ▼
ZIP Code Research Guides
Official Data Resources for Bovey, MN
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.