Richmond, MN · standard
ZIP Code 56368
Stearns County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 4,239
- 24/sq mi Moderate-density area
- $97,407
- Median income Above-median income area
- $321,100
- Median home value Above-median home value
- 22.0%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Richmond pairs an upper-quartile household income with above-median home values, in a rural, homeowner-dominated area.
- Top 21%
- household income, US ZIPs
- Top 30%
- home value, US ZIPs
- 24
- people per sq mi
- 90%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56368 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 56368 (Richmond, MN) fell -2.8% from 2023 to 2024. The all-transactions index moved from 299.9 in 2023 to 291.6 in 2024 (2000 = 100).
ZIP code 56368 covers 178.9 square miles in Richmond, Stearns County, Minnesota (a standard USPS delivery area), with a modest 4,239 residents on file, a density of 24 people per square mile, in the Chicago time zone.
ZIP 56368 lands in the middle-income range, with a median household income of $97,407 (19% above the average Minnesota ZIP), while per-capita income is $43,336. Both reported hardship measures are comparatively low in absolute terms: poverty is 5.4% and unemployment is 2.8%. Housing is both higher-cost and owner-heavy: median home value is $321,100 (26% above the average Minnesota ZIP), while 89.8% of occupied homes are owner-occupied and median rent is $934.
Educational attainment sits below the national norm: 22.0% of adults hold a bachelor's degree or higher, the median age is 45.1, and the average commute is 25 minutes. The page also surfaces 5 ZIP codes within roughly 10 miles and 6 more in Stearns County, so 56368 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 56368
Top 5 sectors by establishment count in Richmond, MN
Which industries have the most business establishments in ZIP 56368.
- Construction
Construction
34 establishments
- Retail trade
Retail trade
16 establishments
- Accommodation and food services
Accommodation and food services
14 establishments
- Other services (except public administration) 12
Other services (except public administration)
12 establishments
- Health care and social assistance 10
Health care and social assistance
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 56368, Richmond, 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
4,239
Population
178.9
Area (sq mi)
24
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56368?
45.1
Median Age
52.1%
Male
47.9%
Female
0.9%
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?
$97,407
Median Household Income
+19% vs state ZIP avg
$43,336
Per Capita Income
5.4%
Poverty Rate
2.8%
Unemployment Rate
25.4 min
Mean Commute Time
How ZIP 56368 ranks among Minnesota ZIPs
Richmond, 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)
$97,407 Top 20% higher than 80% 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
2,327housing units
2,327
Total Housing Units
1,674
Occupied Units
653
Vacant Units
2.54
Avg Household Size
Occupancy Type
$321,100
Median Home Value
+26% vs state ZIP avg
$934
Median Rent
1981
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
-2.8%
YoY Change (2024)
292
HPI Index (2000 = 100)
+192%
Total Change Since 2000
Home values in ZIP 56368 have decreased 2.8% over the past year (2024). Since 2000, this ZIP has seen +192% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.0% | 201 |
| 2021 | +8.6% | 219 |
| 2022 | +18.4% | 259 |
| 2023 | +15.9% | 300 |
| 2024 | -2.8% | 292 |
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 124 business establishments in ZIP 56368, employing approximately 700 people with a combined annual payroll of $25,700,000.
124
Businesses
700
Employees
$25.7M
Annual Payroll
11
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 34 | 27.4% |
| Retail trade | 16 | 12.9% |
| Accommodation and food services | 14 | 11.3% |
| Other services (except public administration) | 12 | 9.7% |
| Health care and social assistance | 10 | 8.1% |
| Manufacturing | 9 | 7.3% |
| Administrative and support and waste management and remediation services | 7 | 5.7% |
| Finance and insurance | 6 | 4.8% |
| Real estate and rental and leasing | 5 | 4.0% |
| Transportation and warehousing | 4 | 3.2% |
| Professional, scientific, and technical services | 4 | 3.2% |
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 56368 vs 56371 →
ZIP 56368 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56320
Cold Spring (56320)
8,080 residents
- 56368
Richmond (56368)
4,239 residents
- 55329 2,118
Eden Valley (55329)
2,118 residents
- 56321 1,536
Collegeville (56321)
1,536 residents
- 56376 358
Saint Martin (56376)
358 residents
- 56371 99
Roscoe (56371)
99 residents
What this shows Among its immediate neighbors, ZIP 56368 ranks #2 by population - useful context the national average alone can't give.
ZIP 56368 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56368
Richmond (56368)
$97,407 median income
- 56320
Cold Spring (56320)
$87,026 median income
- 55329
Eden Valley (55329)
$79,453 median income
- 56376
Saint Martin (56376)
$59,219 median income
- 56371
Roscoe (56371)
$51,250 median income
What this shows By household income, ZIP 56368 ranks the highest of 5 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 56368, 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 (4,239 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Stearns County
Related Areas
Frequently Asked Questions
What county is ZIP code 56368 in?
ZIP code 56368 (Richmond) is located in Stearns County, Minnesota. Stearns County contains multiple ZIP codes, see the full list at /counties/stearns-mn.
What is the population of ZIP code 56368?
ZIP code 56368 in Richmond, MN has a population of 4,239 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56368?
The median household income in ZIP 56368 is $97,407, which is 28% above the national average of $76,288.
What is the average home value in ZIP 56368?
The median home value in ZIP 56368 is $321,100, which is 15% above the national average of $278,155.
What is the demographic makeup of ZIP 56368?
The largest racial group in ZIP 56368 is White at 93.7%. Hispanic or Latino residents make up 3.1% of the population.
How many businesses are in ZIP code 56368?
ZIP code 56368 has 124 business establishments employing approximately 700 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56368?
The top industries by establishment count in ZIP 56368 are: Construction (34), Retail trade (16), Accommodation and food services (14). There are 11 industry sectors represented in total.
How have home values changed in ZIP code 56368?
According to the FHFA House Price Index, home values in ZIP 56368 decreased by 2.8% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 192%. 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 56368?
In ZIP code 56368, 59.5% of residents aged 25+ have a high school diploma or higher, and 22.0% 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 56368?
The mean commute time for workers in ZIP code 56368 is 25.4 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 56368?
In ZIP code 56368, approximately 89.8% of occupied housing units are owner-occupied and 10.2% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56368?
The poverty rate in ZIP code 56368 is 5.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 56368's numbers, next.
- See how ZIP 56368 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Richmond, 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.