Hope, MN · standard
ZIP Code 56046
Steele County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 94
- 25/sq mi
- $61,042
- Median income
- $98,900
- Median home value
- 18.4%
- Bachelor's or higher
The verdict
Hope pairs a below-median household income with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 31th pct
- household income, US ZIPs
- 9th pct
- home value, US ZIPs
- 25
- people per sq mi
- 92%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56046 against every reporting US ZIP.
ZIP code 56046 is classified by USPS as a standard delivery area and covers roughly 3.8 square miles in Hope, Steele County, Minnesota. The area is home to 94 residents, producing a population density of 25 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 56046 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56046 sits at $61,042 (26% below the Minnesota average), while per-capita income is $22,932. The poverty rate stands at 9.6% and the unemployment rate at 0.0%. On housing, the median home value is $98,900 (61% below the state average) with median rent at — per month, and 91.8% of occupied units are owner-occupied, a direct signal of whether 56046 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 18.4% of adults hold a bachelor's degree or higher, the median age is 27.3, and the average commute is —. We also surface 3 nearby ZIP codes within roughly 10 miles and 4 additional ZIPs sharing Steele County, so you can benchmark 56046 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 →
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 56046, Hope, 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
94
Population
3.8
Area (sq mi)
25
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56046?
27.3
Median Age
59.2%
Male
40.8%
Female
3.2%
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?
$61,042
Median Household Income
-26% vs state
$22,932
Per Capita Income
9.6%
Poverty Rate
0.0%
Unemployment Rate
How ZIP 56046 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$61,042 31st percentile higher than 31% 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?
49
Total Housing Units
49
Occupied Units
0
Vacant Units
3.20
Avg Household Size
Occupancy Type
$98,900
Median Home Value
-61% vs state
1952
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 5 business establishments in ZIP 56046, employing approximately 24 people with a combined annual payroll of $1,194,000.
5
Businesses
24
Employees
$1.2M
Annual Payroll
0
Industry Sectors
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 56046 vs 56026 →
ZIP 56046 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55060
Owatonna (55060)
28,911 residents
- 56026 2,012
Ellendale (56026)
2,012 residents
- 56035 546
Geneva (56035)
546 residents
- 56046 94
Hope (56046)
94 residents
What this shows Among its immediate neighbors, ZIP 56046 ranks #4 by population — useful context the national average alone can't give.
ZIP 56046 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56026
Ellendale (56026)
$100,169 median income
- 55060
Owatonna (55060)
$84,906 median income
- 56035
Geneva (56035)
$61,500 median income
- 56046
Hope (56046)
$61,042 median income
What this shows By household income, ZIP 56046 ranks #4 of 4 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Steele County
Related Areas
Frequently Asked Questions
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ZIP Code Research Guides
Official Data Resources for Hope, 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.