Cottonwood, MN · standard
ZIP Code 56229
Lyon County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 1,871
- 7/sq mi
- $104,375
- Median income
- $205,600
- Median home value
- 27.7%
- Bachelor's or higher
The verdict
Cottonwood pairs an upper-quartile household income with below-median home values, in a rural, homeowner-dominated area.
- Top 16%
- household income, US ZIPs
- 45th pct
- home value, US ZIPs
- 7
- people per sq mi
- 84%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56229 against every reporting US ZIP.
ZIP code 56229 is classified by USPS as a standard delivery area and covers roughly 252.8 square miles in Cottonwood, Lyon County, Minnesota. The area is home to 1,871 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 56229 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56229 sits at $104,375 (27% above the Minnesota average), while per-capita income is $49,715. The poverty rate stands at 6.7% and the unemployment rate at 5.1%. On housing, the median home value is $205,600 (20% below the state average) with median rent at $756 per month, and 83.6% of occupied units are owner-occupied, a direct signal of whether 56229 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 27.7% of adults hold a bachelor's degree or higher, the median age is 41.6, and the average commute is 16 minutes. We also surface 2 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Lyon County, so you can benchmark 56229 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 56229
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 56229.
- Other services (except public administration)
Other services (except public administration)
8 establishments
- Construction
Construction
7 establishments
- Retail trade
Retail trade
7 establishments
- Finance and insurance
Finance and insurance
4 establishments
- Manufacturing 3
Manufacturing
3 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 56229, Cottonwood, 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
1,871
Population
252.8
Area (sq mi)
7
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56229?
41.6
Median Age
54.7%
Male
45.3%
Female
2.3%
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?
$104,375
Median Household Income
+27% vs state
$49,715
Per Capita Income
6.7%
Poverty Rate
5.1%
Unemployment Rate
15.5 min
Mean Commute Time
How ZIP 56229 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$104,375 Top 16% higher than 84% 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?
799
Total Housing Units
725
Occupied Units
74
Vacant Units
2.30
Avg Household Size
Occupancy Type
$205,600
Median Home Value
-20% vs state
$756
Median Rent
1967
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
+3.2%
YoY Change (2024)
229
HPI Index (2000 = 100)
+129%
Total Change Since 2000
Home values in ZIP 56229 have increased 3.2% over the past year (2024). Since 2000, this ZIP has seen +129% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.5% | 154 |
| 2021 | +19.0% | 183 |
| 2022 | +12.6% | 206 |
| 2023 | +8.0% | 222 |
| 2024 | +3.2% | 229 |
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 43 business establishments in ZIP 56229, employing approximately 679 people with a combined annual payroll of $38,364,000.
43
Businesses
679
Employees
$38.4M
Annual Payroll
7
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 8 | 18.6% |
| Construction | 7 | 16.3% |
| Retail trade | 7 | 16.3% |
| Finance and insurance | 4 | 9.3% |
| Manufacturing | 3 | 7.0% |
| Transportation and warehousing | 3 | 7.0% |
| Professional, scientific, and technical services | 3 | 7.0% |
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 56229 vs 56245 →
ZIP 56229 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56258
Marshall (56258)
15,617 residents
- 56229 1,871
Cottonwood (56229)
1,871 residents
- 56245 535
Hanley Falls (56245)
535 residents
What this shows Among its immediate neighbors, ZIP 56229 ranks #2 by population — useful context the national average alone can't give.
ZIP 56229 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56229
Cottonwood (56229)
$104,375 median income
- 56245
Hanley Falls (56245)
$84,583 median income
- 56258
Marshall (56258)
$72,731 median income
What this shows By household income, ZIP 56229 ranks the highest of 3 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Lyon County
Related Areas
Frequently Asked Questions
What county is ZIP code 56229 in? ▼
What is the population of ZIP code 56229? ▼
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How many businesses are in ZIP code 56229? ▼
What are the main industries in ZIP code 56229? ▼
How have home values changed in ZIP code 56229? ▼
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What is the average commute time in ZIP 56229? ▼
What percentage of residents own vs. rent in ZIP 56229? ▼
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ZIP Code Research Guides
Official Data Resources for Cottonwood, 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.