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

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 56245?

40.6

Median Age

61.2%

Male

38.8%

Female

2.7%

Foreign-Born

White 82.8%
African American 0.0%
Asian 0.0%
American Indian or Alaska Native 1.4%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 6.6%
Hispanic or Latino 8.4%

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?

$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

$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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 45.4%
Bachelor's Degree or Higher 10.0%

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

Owner 71.0%
Renter 29.0%

$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.

residents

What this shows Among its immediate neighbors, ZIP 56245 ranks #5 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 56245 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 56245 ranks #2 of 5 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
56229 Cottonwood, MN 1,871 6.6 mi
56297 Wood Lake, MN 867 7.5 mi
56241 Granite Falls, MN 4,166 9.3 mi
56223 Clarkfield, MN 1,408 8.6 mi

More ZIP Codes in Yellow Medicine County

Frequently Asked Questions

What county is ZIP code 56245 in?
ZIP code 56245 (Hanley 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 56245?
ZIP code 56245 in Hanley Falls, MN has a population of 535 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56245?
The median household income in ZIP 56245 is $84,583, which is 11% above the national average of $76,288.
What is the average home value in ZIP 56245?
The median home value in ZIP 56245 is $148,200, which is 47% below the national average of $278,155.
What is the demographic makeup of ZIP 56245?
The largest racial group in ZIP 56245 is White at 82.8%. Hispanic or Latino residents make up 8.4% of the population.
How many businesses are in ZIP code 56245?
ZIP code 56245 has 15 business establishments employing approximately 91 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What is the education level in ZIP code 56245?
In ZIP code 56245, 45.4% of residents aged 25+ have a high school diploma or higher, and 10.0% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 56245?
In ZIP code 56245, approximately 71.0% of occupied housing units are owner-occupied and 29.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56245?
The poverty rate in ZIP code 56245 is 7.0% 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 Hanley Falls, MN

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