Hanley Falls, MN · standard
ZIP Code 56245
Yellow Medicine County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 535
- 4/sq mi
- $84,583
- Median income
- $148,200
- Median home value
- 10.0%
- Bachelor's or higher
The verdict
Hanley Falls pairs an above-median household income with below-median home values, in a rural, homeowner-dominated area.
- Top 33%
- household income, US ZIPs
- 25th pct
- home value, US ZIPs
- 4
- people per sq mi
- 71%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56245 against every reporting US ZIP.
ZIP code 56245 is classified by USPS as a standard delivery area and covers roughly 121.6 square miles in Hanley Falls, Yellow Medicine County, Minnesota. The area is home to 535 residents, producing a population density of 4 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 56245 against Minnesota and the nation.
On the economic side, the median household income for ZIP 56245 sits at $84,583 (3% above the Minnesota average), while per-capita income is $41,362. The poverty rate stands at 7.0% and the unemployment rate at 0.4%. On housing, the median home value is $148,200 (42% below the state average) with median rent at $630 per month, and 71.0% of occupied units are owner-occupied, a direct signal of whether 56245 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 10.0% of adults hold a bachelor's degree or higher, the median age is 40.6, and the average commute is —. We also surface 4 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Yellow Medicine County, so you can benchmark 56245 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 →
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 56245, Hanley 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
535
Population
121.6
Area (sq mi)
4
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56245?
40.6
Median Age
61.2%
Male
38.8%
Female
2.7%
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?
$84,583
Median Household Income
+3% vs state
$41,362
Per Capita Income
7.0%
Poverty Rate
0.4%
Unemployment Rate
How ZIP 56245 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$84,583 Top 33% higher than 67% 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?
221
Total Housing Units
193
Occupied Units
28
Vacant Units
2.28
Avg Household Size
Occupancy Type
$148,200
Median Home Value
-42% vs state
$630
Median Rent
1962
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 15 business establishments in ZIP 56245, employing approximately 91 people with a combined annual payroll of $4,530,000.
15
Businesses
91
Employees
$4.5M
Annual Payroll
2
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Other services (except public administration) | 4 | 26.7% |
| Retail trade | 3 | 20.0% |
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 56245 vs 56229 →
ZIP 56245 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56241
Granite Falls (56241)
4,166 residents
- 56229
Cottonwood (56229)
1,871 residents
- 56223 1,408
Clarkfield (56223)
1,408 residents
- 56297 867
Wood Lake (56297)
867 residents
- 56245 535
Hanley Falls (56245)
535 residents
What this shows Among its immediate neighbors, ZIP 56245 ranks #5 by population — useful context the national average alone can't give.
ZIP 56245 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56229
Cottonwood (56229)
$104,375 median income
- 56245
Hanley Falls (56245)
$84,583 median income
- 56297
Wood Lake (56297)
$82,250 median income
- 56223
Clarkfield (56223)
$71,667 median income
- 56241
Granite Falls (56241)
$66,875 median income
What this shows By household income, ZIP 56245 ranks #2 of 5 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Yellow Medicine County
Related Areas
Frequently Asked Questions
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How many businesses are in ZIP code 56245? ▼
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What percentage of residents own vs. rent in ZIP 56245? ▼
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ZIP Code Research Guides
Official Data Resources for Hanley 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.