Grove City, MN · standard

ZIP Code 56243

Meeker County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

1,725
7/sq mi
$71,528
Median income
$178,900
Median home value
19.5%
Bachelor's or higher

The verdict

Grove City pairs a below-median household income with below-median home values, in a rural, homeowner-dominated area.

49th pct
household income, US ZIPs
38th pct
home value, US ZIPs
7
people per sq mi
81%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56243 against every reporting US ZIP.

ZIP code 56243 is classified by USPS as a standard delivery area and covers roughly 243.0 square miles in Grove City, Meeker County, Minnesota. The area is home to 1,725 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 56243 against Minnesota and the nation.

On the economic side, the median household income for ZIP 56243 sits at $71,528 (13% below the Minnesota average), while per-capita income is $36,341. The poverty rate stands at 6.5% and the unemployment rate at 2.8%. On housing, the median home value is $178,900 (30% below the state average) with median rent at $822 per month, and 80.5% of occupied units are owner-occupied, a direct signal of whether 56243 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 19.5% of adults hold a bachelor's degree or higher, the median age is 39.6, and the average commute is 31 minutes. We also surface 3 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Meeker County, so you can benchmark 56243 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 56243

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 56243.

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 56243, Grove City, 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

1,725

Population

243.0

Area (sq mi)

7

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 56243?

39.6

Median Age

52.8%

Male

47.2%

Female

1.8%

Foreign-Born

White 96.3%
African American 0.2%
Asian 1.7%
American Indian or Alaska Native 0.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 1.0%
Hispanic or Latino 1.7%

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?

$71,528

Median Household Income

-13% vs state

$36,341

Per Capita Income

6.5%

Poverty Rate

2.8%

Unemployment Rate

31.4 min

Mean Commute Time

How ZIP 56243 ranks nationally

Household income vs. every US ZIP code

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

$71,528 49th percentile higher than 49% 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 50.0%
Bachelor's Degree or Higher 19.5%

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

What does housing look like?

885

Total Housing Units

775

Occupied Units

110

Vacant Units

2.48

Avg Household Size

Occupancy Type

Owner 80.5%
Renter 19.5%

$178,900

Median Home Value

-30% vs state

$822

Median Rent

1972

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

+23.9%

YoY Change (2022)

256

HPI Index (2000 = 100)

+156%

Total Change Since 2000

Home values in ZIP 56243 have increased 23.9% over the past year (2022). Since 2000, this ZIP has seen +156% cumulative appreciation.

Year Annual Change HPI Index
2018 +4.0% 173
2019 +12.0% 194
2020 +10.4% 214
2021 -3.7% 206
2022 +23.9% 256

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 2022. ZIP codes with few transactions may show missing values.

What businesses operate in this ZIP?

Census Bureau data shows 33 business establishments in ZIP 56243, employing approximately 220 people with a combined annual payroll of $8,721,000.

33

Businesses

220

Employees

$8.7M

Annual Payroll

7

Industry Sectors

Industry Establishments % of Total
Retail trade 5 15.2%
Administrative and support and waste management and remediation services 5 15.2%
Construction 4 12.1%
Transportation and warehousing 4 12.1%
Manufacturing 3 9.1%
Accommodation and food services 3 9.1%
Other services (except public administration) 3 9.1%

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 56243 vs 56209 →

ZIP 56243 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 56243 ranks #4 by population — useful context the national average alone can't give.

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

ZIP 56243 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 56243 ranks #3 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
56209 Atwater, MN 2,339 6.5 mi
55355 Litchfield, MN 9,656 8.4 mi
55329 Eden Valley, MN 2,118 11.2 mi

More ZIP Codes in Meeker County

Frequently Asked Questions

What county is ZIP code 56243 in?
ZIP code 56243 (Grove City) is located in Meeker County, Minnesota. Meeker County contains multiple ZIP codes, see the full list at /counties/meeker-mn.
What is the population of ZIP code 56243?
ZIP code 56243 in Grove City, MN has a population of 1,725 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56243?
The median household income in ZIP 56243 is $71,528, which is 6% below the national average of $76,288.
What is the average home value in ZIP 56243?
The median home value in ZIP 56243 is $178,900, which is 36% below the national average of $278,155.
What is the demographic makeup of ZIP 56243?
The largest racial group in ZIP 56243 is White at 96.3%. Hispanic or Latino residents make up 1.7% of the population.
How many businesses are in ZIP code 56243?
ZIP code 56243 has 33 business establishments employing approximately 220 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56243?
The top industries by establishment count in ZIP 56243 are: Retail trade (5), Administrative and support and waste management and remediation services (5), Construction (4). There are 7 industry sectors represented in total.
How have home values changed in ZIP code 56243?
According to the FHFA House Price Index, home values in ZIP 56243 increased by 23.9% in 2022. Since 2000, home values in this ZIP have appreciated by approximately 156%. 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 56243?
In ZIP code 56243, 50.0% of residents aged 25+ have a high school diploma or higher, and 19.5% 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 56243?
The mean commute time for workers in ZIP code 56243 is 31.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 56243?
In ZIP code 56243, approximately 80.5% of occupied housing units are owner-occupied and 19.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56243?
The poverty rate in ZIP code 56243 is 6.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Grove City, MN

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