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 Low-density area
- $66,875
- Median income Near-median income area
- $155,600
- Median home value Below-median home value
- 20.4%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Granite Falls pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.
- 42nd 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 covers 382.2 square miles in Granite Falls, Yellow Medicine County, Minnesota (a standard USPS delivery area), with a modest 4,166 residents on file, a density of 11 people per square mile, in the Chicago time zone.
ZIP 56241 reports a modest median household income of $66,875 (19% below the average Minnesota ZIP), while per-capita income is $41,976. The poverty rate is 7.9%, with unemployment at 6.9%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $155,600 (39% below the average Minnesota ZIP), and median rent is $863; owner occupancy is 77.8%.
Educational attainment sits below the national norm: 20.4% of adults hold a bachelor's degree or higher, the median age is 41, and the average commute is 16 minutes. The page also surfaces 1 ZIP codes within roughly 10 miles and 6 more in Yellow Medicine County, so 56241 can be compared with both its immediate and county-level context.
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 56241
Top 5 sectors by establishment count in Granite Falls, MN
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$41,976
Per Capita Income
7.9%
Poverty Rate
6.9%
Unemployment Rate
16.4 min
Mean Commute Time
How ZIP 56241 ranks among Minnesota ZIPs
Granite Falls, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$66,875 25th percentile higher than 25% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota 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?
Housing stock: occupied vs vacant
1,826housing units
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 ZIP avg
$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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 56241, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (4,166 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Yellow Medicine County
Related Areas
Frequently Asked Questions
What county is ZIP code 56241 in?
ZIP code 56241 (Granite Falls) is located in Yellow Medicine County, Minnesota. Yellow Medicine County contains multiple ZIP codes, see the full list at /counties/yellow-medicine-mn.
What is the population of ZIP code 56241?
ZIP code 56241 in Granite Falls, MN has a population of 4,166 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56241?
The median household income in ZIP 56241 is $66,875, which is 12% below the national average of $76,288.
What is the average home value in ZIP 56241?
The median home value in ZIP 56241 is $155,600, which is 44% below the national average of $278,155.
What is the demographic makeup of ZIP 56241?
The largest racial group in ZIP 56241 is White at 80.0%. Hispanic or Latino residents make up 10.4% of the population.
How many businesses are in ZIP code 56241?
ZIP code 56241 has 138 business establishments employing approximately 2,292 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56241?
The top industries by establishment count in ZIP 56241 are: Health care and social assistance (23), Other services (except public administration) (21), Retail trade (16). There are 13 industry sectors represented in total.
How have home values changed in ZIP code 56241?
According to the FHFA House Price Index, home values in ZIP 56241 increased by 16.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 88%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 56241?
In ZIP code 56241, 54.4% of residents aged 25+ have a high school diploma or higher, and 20.4% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 56241?
The mean commute time for workers in ZIP code 56241 is 16.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 56241?
In ZIP code 56241, approximately 77.8% of occupied housing units are owner-occupied and 22.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56241?
The poverty rate in ZIP code 56241 is 7.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
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What to do with ZIP 56241's numbers, next.
- See how ZIP 56241 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Granite Falls, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.