Underwood, MN · standard
ZIP Code 56586
Otter Tail County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 1,839
- 10/sq mi Low-density area
- $79,583
- Median income Near-median income area
- $309,800
- Median home value Above-median home value
- 26.8%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
Underwood pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 39%
- household income, US ZIPs
- Top 32%
- home value, US ZIPs
- 10
- people per sq mi
- 94%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56586 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 56586 (Underwood, MN) rose +14.5% from 2023 to 2024.
ZIP code 56586 covers 185.8 square miles in Underwood, Otter Tail County, Minnesota (a standard USPS delivery area), with a modest 1,839 residents on file, a density of 10 people per square mile, in the Chicago time zone.
ZIP 56586 lands in the middle-income range, with a median household income of $79,583 (3% below the average Minnesota ZIP), while per-capita income is $44,372. Both reported hardship measures are comparatively low in absolute terms: poverty is 6.7% and unemployment is 2.5%. Housing is both higher-cost and owner-heavy: median home value is $309,800 (21% above the average Minnesota ZIP), while 93.9% of occupied homes are owner-occupied and median rent is $925.
Educational attainment sits below the national norm: 26.8% of adults hold a bachelor's degree or higher, the median age is 52.6, and the average commute is 27 minutes. The page also surfaces 2 ZIP codes within roughly 10 miles and 6 more in Otter Tail County, so 56586 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 56586
Top 5 sectors by establishment count in Underwood, MN
Which industries have the most business establishments in ZIP 56586.
- Construction
Construction
13 establishments
- Other services (except public administration)
Other services (except public administration)
9 establishments
- Administrative and support and waste management and remediation services 5
Administrative and support and waste management and remediation services
5 establishments
- Finance and insurance 4
Finance and insurance
4 establishments
- Retail trade 3
Retail trade
3 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 56586, Underwood, 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
1,839
Population
185.8
Area (sq mi)
10
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56586?
52.6
Median Age
51.1%
Male
48.9%
Female
0.3%
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?
$79,583
Median Household Income
-3% vs state ZIP avg
$44,372
Per Capita Income
6.7%
Poverty Rate
2.5%
Unemployment Rate
26.8 min
Mean Commute Time
How ZIP 56586 ranks among Minnesota ZIPs
Underwood, 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)
$79,583 Top 46% higher than 54% 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
1,332housing units
1,332
Total Housing Units
799
Occupied Units
533
Vacant Units
2.34
Avg Household Size
Occupancy Type
$309,800
Median Home Value
+21% vs state ZIP avg
$925
Median Rent
1978
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 48 business establishments in ZIP 56586, employing approximately 250 people with a combined annual payroll of $11,864,000.
48
Businesses
250
Employees
$11.9M
Annual Payroll
6
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Construction | 13 | 27.1% |
| Other services (except public administration) | 9 | 18.8% |
| Administrative and support and waste management and remediation services | 5 | 10.4% |
| Finance and insurance | 4 | 8.3% |
| Retail trade | 3 | 6.3% |
| Accommodation and food services | 3 | 6.3% |
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 56586 vs 56515 →
ZIP 56586 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56515
Battle Lake (56515)
2,892 residents
- 56586
Underwood (56586)
1,839 residents
- 56576 799
Richville (56576)
799 residents
What this shows Among its immediate neighbors, ZIP 56586 ranks #2 by population - useful context the national average alone can't give.
ZIP 56586 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 56586
Underwood (56586)
$79,583 median income
- 56515
Battle Lake (56515)
$73,750 median income
- 56576
Richville (56576)
$63,750 median income
What this shows By household income, ZIP 56586 ranks the highest of 3 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 56586, 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 (1,839 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Otter Tail County
Related Areas
Frequently Asked Questions
What county is ZIP code 56586 in?
ZIP code 56586 (Underwood) is located in Otter Tail County, Minnesota. Otter Tail County contains multiple ZIP codes, see the full list at /counties/otter-tail-mn.
What is the population of ZIP code 56586?
ZIP code 56586 in Underwood, MN has a population of 1,839 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 56586?
The median household income in ZIP 56586 is $79,583, which is 4% above the national average of $76,288.
What is the average home value in ZIP 56586?
The median home value in ZIP 56586 is $309,800, which is 11% above the national average of $278,155.
What is the demographic makeup of ZIP 56586?
The largest racial group in ZIP 56586 is White at 97.2%. Hispanic or Latino residents make up 1.4% of the population.
How many businesses are in ZIP code 56586?
ZIP code 56586 has 48 business establishments employing approximately 250 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 56586?
The top industries by establishment count in ZIP 56586 are: Construction (13), Other services (except public administration) (9), Administrative and support and waste management and remediation services (5). There are 6 industry sectors represented in total.
What is the education level in ZIP code 56586?
In ZIP code 56586, 55.2% of residents aged 25+ have a high school diploma or higher, and 26.8% 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 56586?
The mean commute time for workers in ZIP code 56586 is 26.8 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 56586?
In ZIP code 56586, approximately 93.9% of occupied housing units are owner-occupied and 6.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 56586?
The poverty rate in ZIP code 56586 is 6.7% 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 56586's numbers, next.
- See how ZIP 56586 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Underwood, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.