PlainZIP

Graceville, MN · standard

ZIP Code 56240

Big Stone County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

1,042
3/sq mi
$76,500
Median income
$153,400
Median home value
16.0%
Bachelor's or higher

The verdict

Graceville pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.

Top 43%
household income, US ZIPs
27th pct
home value, US ZIPs
3
people per sq mi
66%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56240 against every reporting US ZIP.

ZIP code 56240 is a sparsely populated ZIP (a standard USPS delivery area) in Graceville, Big Stone County, Minnesota, home to just 1,042 residents across 385.9 square miles, a density of 3 people per square mile, in the Chicago time zone.

ZIP 56240 lands in the middle-income range, with a median household income of $76,500 (7% below the Minnesota average), while per-capita income is $44,764. Poverty here runs at 17.3%, with unemployment measured at 2.8%. Housing costs here run $153,400 for a typical home value (40% below the state average), with rent averaging $739 a month; 65.8% of homes are owner-occupied.

Educational attainment sits below the national norm: 16.0% of adults hold a bachelor's degree or higher, the median age is 48.8, and the average commute is -. Beyond these figures, 3 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Big Stone County, letting you compare 56240 to its immediate surroundings rather than a national baseline alone.

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 56240

Top 5 sectors by establishment count in Graceville, MN

Which industries have the most business establishments in ZIP 56240.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 56240, Graceville, 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

1,042

Population

385.9

Area (sq mi)

3

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 56240?

48.8

Median Age

47.6%

Male

52.4%

Female

0.0%

Foreign-Born

White 94.7%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 1.5%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 3.8%
Hispanic or Latino 0.5%

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?

$76,500

Median Household Income

-7% vs state

$44,764

Per Capita Income

17.3%

Poverty Rate

2.8%

Unemployment Rate

How ZIP 56240 ranks nationally

Graceville, MN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$76,500 Top 43% higher than 57% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 50.9%
Bachelor's Degree or Higher 16.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

422

Total Housing Units

348

Occupied Units

74

Vacant Units

2.18

Avg Household Size

Occupancy Type

Owner 65.8%
Renter 34.2%

$153,400

Median Home Value

-40% vs state

$739

Median Rent

1971

Median Year Built

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What businesses operate in this ZIP?

Census Bureau data shows 27 business establishments in ZIP 56240, employing approximately 231 people with a combined annual payroll of $11,246,000.

27

Businesses

231

Employees

$11.2M

Annual Payroll

5

Industry Sectors

Industry Establishments % of Total
Construction 5 18.5%
Health care and social assistance 5 18.5%
Other services (except public administration) 4 14.8%
Retail trade 3 11.1%
Finance and insurance 3 11.1%

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 56240 vs 56210 →

ZIP 56240 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 56240 ranks the most populous - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 56240 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 56240 ranks #4 of 4 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
56210 Barry, MN 13 4.4 mi
56225 Clinton, MN 834 7.9 mi
56236 Dumont, MN 359 7.3 mi

More ZIP Codes in Big Stone County

56278 standard
Ortonville, MN
Pop: 2,601
56225 standard
Clinton, MN
Pop: 834
56211 standard
Beardsley, MN
Pop: 529
56276 standard
Odessa, MN
Pop: 298
56227 standard
Correll, MN
Pop: 223
56210 standard
Barry, MN
Pop: 13

Related Areas

Big Stone County Graceville, MN Minnesota

Frequently Asked Questions

What county is ZIP code 56240 in? ▼
ZIP code 56240 (Graceville) is located in Big Stone County, Minnesota. Big Stone County contains multiple ZIP codes, see the full list at /counties/big-stone-mn.
What is the population of ZIP code 56240? ▼
ZIP code 56240 in Graceville, MN has a population of 1,042 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56240? ▼
The median household income in ZIP 56240 is $76,500, which is 0% above the national average of $76,288.
What is the average home value in ZIP 56240? ▼
The median home value in ZIP 56240 is $153,400, which is 45% below the national average of $278,155.
What is the demographic makeup of ZIP 56240? ▼
The largest racial group in ZIP 56240 is White at 94.7%. Hispanic or Latino residents make up 0.5% of the population.
How many businesses are in ZIP code 56240? ▼
ZIP code 56240 has 27 business establishments employing approximately 231 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56240? ▼
The top industries by establishment count in ZIP 56240 are: Construction (5), Health care and social assistance (5), Other services (except public administration) (4). There are 5 industry sectors represented in total.
What is the education level in ZIP code 56240? ▼
In ZIP code 56240, 50.9% of residents aged 25+ have a high school diploma or higher, and 16.0% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 56240? ▼
In ZIP code 56240, approximately 65.8% of occupied housing units are owner-occupied and 34.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56240? ▼
The poverty rate in ZIP code 56240 is 17.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.