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.

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 + 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

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 56241?

41.0

Median Age

53.5%

Male

46.5%

Female

3.8%

Foreign-Born

White 80.0%
African American 1.7%
Asian 0.4%
American Indian or Alaska Native 6.2%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 7.7%
Hispanic or Latino 10.4%

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

$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 54.4%
Bachelor's Degree or Higher 20.4%

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

Owner 77.8%
Renter 22.2%

$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)

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

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.

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Official Data Resources for Granite Falls, MN

Verify and explore additional data for this area using these official government sources.