Granite Falls, MN · standard
ZIP Code 56241
Yellow Medicine County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,166
- 11/sq mi
- $66,875
- Median income
- $155,600
- Median home value
- 20.4%
- Bachelor's or higher
The verdict
Granite Falls pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.
- 42th pct
- household income, US ZIPs
- 28th pct
- home value, US ZIPs
- 11
- people per sq mi
- 78%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56241 against every reporting US ZIP.
ZIP code 56241 is classified by USPS as a standard delivery area and covers roughly 382.2 square miles in Granite Falls, Yellow Medicine County, Minnesota. The area is home to 4,166 residents, producing a population density of 11 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 56241 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56241 sits at $66,875 (19% below the Minnesota average), while per-capita income is $41,976. The poverty rate stands at 7.9% and the unemployment rate at 6.9%. On housing, the median home value is $155,600 (39% below the state average) with median rent at $863 per month, and 77.8% of occupied units are owner-occupied, a direct signal of whether 56241 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 20.4% of adults hold a bachelor's degree or higher, the median age is 41, and the average commute is 16 minutes. We also surface 1 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Yellow Medicine County, so you can benchmark 56241 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 56241
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 56241.
- Health care and social assistance
Health care and social assistance
23 establishments
- Other services (except public administration)
Other services (except public administration)
21 establishments
- Retail trade
Retail trade
16 establishments
- Construction
Construction
10 establishments
- Accommodation and food services
Accommodation and food services
10 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 56241, Granite Falls, 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
4,166
Population
382.2
Area (sq mi)
11
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56241?
41.0
Median Age
53.5%
Male
46.5%
Female
3.8%
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?
$66,875
Median Household Income
-19% vs state
$41,976
Per Capita Income
7.9%
Poverty Rate
6.9%
Unemployment Rate
16.4 min
Mean Commute Time
How ZIP 56241 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$66,875 42nd percentile higher than 42% 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?
1,826
Total Housing Units
1,770
Occupied Units
56
Vacant Units
2.15
Avg Household Size
Occupancy Type
$155,600
Median Home Value
-39% vs state
$863
Median Rent
1969
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
+16.4%
YoY Change (2024)
188
HPI Index (2000 = 100)
+88%
Total Change Since 2000
Home values in ZIP 56241 have increased 16.4% over the past year (2024). Since 2000, this ZIP has seen +88% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2019 | +4.6% | 132 |
| 2020 | +9.3% | 145 |
| 2021 | +1.6% | 147 |
| 2022 | +16.4% | 171 |
| 2024 | — | 188 |
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 138 business establishments in ZIP 56241, employing approximately 2,292 people with a combined annual payroll of $149,812,000.
138
Businesses
2,292
Employees
$149.8M
Annual Payroll
13
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 23 | 16.7% |
| Other services (except public administration) | 21 | 15.2% |
| Retail trade | 16 | 11.6% |
| Construction | 10 | 7.3% |
| Accommodation and food services | 10 | 7.3% |
| Manufacturing | 9 | 6.5% |
| Transportation and warehousing | 9 | 6.5% |
| Professional, scientific, and technical services | 9 | 6.5% |
| Real estate and rental and leasing | 6 | 4.3% |
| Finance and insurance | 5 | 3.6% |
| Arts, entertainment, and recreation | 5 | 3.6% |
| Information | 4 | 2.9% |
| Wholesale trade | 3 | 2.2% |
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 56241 vs 56245 →
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 56245 | Hanley Falls, MN | 535 | 9.3 mi |
More ZIP Codes in Yellow Medicine County
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Frequently Asked Questions
What county is ZIP code 56241 in? ▼
What is the population of ZIP code 56241? ▼
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How many businesses are in ZIP code 56241? ▼
What are the main industries in ZIP code 56241? ▼
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What percentage of residents own vs. rent in ZIP 56241? ▼
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ZIP Code Research Guides
Official Data Resources for Granite Falls, 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.