Fairmont, MN · standard
ZIP Code 56031
Martin County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 12,401
- 31/sq mi
- $54,847
- Median income
- $179,300
- Median home value
- 25.6%
- Bachelor's or higher
The verdict
Fairmont pairs one of the lowest household incomes in the country with below-median home values, in a rural, homeowner-dominated area.
- 21th pct
- household income, US ZIPs
- 38th pct
- home value, US ZIPs
- 31
- people per sq mi
- 64%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56031 against every reporting US ZIP.
ZIP code 56031 is classified by USPS as a standard delivery area and covers roughly 403.9 square miles in Fairmont, Martin County, Minnesota. The area is home to 12,401 residents, producing a population density of 31 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 56031 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56031 sits at $54,847 (33% below the Minnesota average), while per-capita income is $39,004. The poverty rate stands at 14.4% and the unemployment rate at 3.1%. On housing, the median home value is $179,300 (30% below the state average) with median rent at $739 per month, and 63.8% of occupied units are owner-occupied, a direct signal of whether 56031 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 25.6% of adults hold a bachelor's degree or higher, the median age is 46.8, and the average commute is 14 minutes. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Martin County, so you can benchmark 56031 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 56031
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 56031.
- Health care and social assistance
Health care and social assistance
72 establishments
- Retail trade
Retail trade
60 establishments
- Finance and insurance
Finance and insurance
37 establishments
- Accommodation and food services
Accommodation and food services
37 establishments
- Other services (except public administration)
Other services (except public administration)
34 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 56031, Fairmont, 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
12,401
Population
403.9
Area (sq mi)
31
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56031?
46.8
Median Age
48.5%
Male
51.5%
Female
2.2%
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?
$54,847
Median Household Income
-33% vs state
$39,004
Per Capita Income
14.4%
Poverty Rate
3.1%
Unemployment Rate
13.8 min
Mean Commute Time
How ZIP 56031 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$54,847 21st percentile higher than 21% 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?
5,920
Total Housing Units
5,465
Occupied Units
455
Vacant Units
2.09
Avg Household Size
Occupancy Type
$179,300
Median Home Value
-30% vs state
$739
Median Rent
1966
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
+8.8%
YoY Change (2024)
222
HPI Index (2000 = 100)
+122%
Total Change Since 2000
Home values in ZIP 56031 have increased 8.8% over the past year (2024). Since 2000, this ZIP has seen +122% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.2% | 160 |
| 2021 | +8.0% | 173 |
| 2022 | +10.3% | 191 |
| 2023 | +7.1% | 204 |
| 2024 | +8.8% | 222 |
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 408 business establishments in ZIP 56031, employing approximately 6,057 people with a combined annual payroll of $343,809,000.
408
Businesses
6,057
Employees
$343.8M
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 72 | 17.6% |
| Retail trade | 60 | 14.7% |
| Finance and insurance | 37 | 9.1% |
| Accommodation and food services | 37 | 9.1% |
| Other services (except public administration) | 34 | 8.3% |
| Professional, scientific, and technical services | 29 | 7.1% |
| Manufacturing | 25 | 6.1% |
| Construction | 24 | 5.9% |
| Wholesale trade | 19 | 4.7% |
| Administrative and support and waste management and remediation services | 19 | 4.7% |
| Transportation and warehousing | 14 | 3.4% |
| Arts, entertainment, and recreation | 13 | 3.2% |
| Real estate and rental and leasing | 9 | 2.2% |
| Information | 5 | 1.2% |
| Management of companies and enterprises | 4 | 1.0% |
| Agriculture, forestry, fishing and hunting | 3 | 0.7% |
| Educational services | 3 | 0.7% |
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 56031 vs 56075 →
ZIP 56031 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56031
Fairmont (56031)
12,401 residents
- 56181 1,147
Welcome (56181)
1,147 residents
- 56039 957
Granada (56039)
957 residents
- 56121 659
Ceylon (56121)
659 residents
- 56075 171
Northrop (56075)
171 residents
What this shows Among its immediate neighbors, ZIP 56031 ranks the most populous — useful context the national average alone can't give.
ZIP 56031 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56039
Granada (56039)
$84,342 median income
- 56075
Northrop (56075)
$73,750 median income
- 56181
Welcome (56181)
$55,750 median income
- 56031
Fairmont (56031)
$54,847 median income
- 56121
Ceylon (56121)
$49,042 median income
What this shows By household income, ZIP 56031 ranks #4 of 5 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Martin County
Related Areas
Frequently Asked Questions
What county is ZIP code 56031 in? ▼
What is the population of ZIP code 56031? ▼
What is the median household income in ZIP 56031? ▼
What is the average home value in ZIP 56031? ▼
What is the demographic makeup of ZIP 56031? ▼
How many businesses are in ZIP code 56031? ▼
What are the main industries in ZIP code 56031? ▼
How have home values changed in ZIP code 56031? ▼
What is the education level in ZIP code 56031? ▼
What is the average commute time in ZIP 56031? ▼
What percentage of residents own vs. rent in ZIP 56031? ▼
What is the poverty rate in ZIP code 56031? ▼
ZIP Code Research Guides
Official Data Resources for Fairmont, 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.