Baudette, MN · standard
ZIP Code 56623
Lake of the Woods County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 2,749
- 2/sq mi
- $87,750
- Median income
- $232,800
- Median home value
- 29.9%
- Bachelor's or higher
National ZIP placement
Baudette pairs an above-median household income with above-median home values, in a rural, homeowner-dominated area.
- Top 29%
- household income, US ZIPs
- Top 47%
- home value, US ZIPs
- 2
- people per sq mi
- 82%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 56623 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 56623 (Baudette, MN) rose +18.8% from 2023 to 2024.
ZIP code 56623 covers 1249.5 square miles in Baudette, Lake of the Woods County, Minnesota (a standard USPS delivery area), with a modest 2,749 residents on file, a density of 2 people per square mile, in the Chicago time zone.
ZIP 56623 lands in the middle-income range, with a median household income of $87,750 (7% above the average Minnesota ZIP), while per-capita income is $50,048. Both reported hardship measures are comparatively low in absolute terms: poverty is 7.1% and unemployment is 1.5%. Median home value is $232,800 (9% below the average Minnesota ZIP) and median rent is $942; 81.8% of occupied homes are owner-occupied.
Educational attainment sits below the national norm: 29.9% of adults hold a bachelor's degree or higher, the median age is 53.6, and the average commute is -. No nearby ZIP peer set is available for this delivery area, so the Minnesota and national benchmarks above are the appropriate context for 56623.
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 56623
Top 5 sectors by establishment count in Baudette, MN
Which industries have the most business establishments in ZIP 56623.
- Accommodation and food services
Accommodation and food services
21 establishments
- Other services (except public administration)
Other services (except public administration)
18 establishments
- Retail trade
Retail trade
16 establishments
- Construction 7
Construction
7 establishments
- Health care and social assistance 7
Health care and social assistance
7 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 56623, Baudette, 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
2,749
Population
1249.5
Area (sq mi)
2
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 56623?
53.6
Median Age
53.8%
Male
46.2%
Female
2.3%
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?
$87,750
Median Household Income
+7% vs state ZIP avg
$50,048
Per Capita Income
7.1%
Poverty Rate
1.5%
Unemployment Rate
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
2,117housing units
2,117
Total Housing Units
1,343
Occupied Units
774
Vacant Units
2.00
Avg Household Size
Occupancy Type
$232,800
Median Home Value
-9% vs state ZIP avg
$942
Median Rent
1990
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What businesses operate in this ZIP?
Census Bureau data shows 115 business establishments in ZIP 56623, employing approximately 1,096 people with a combined annual payroll of $80,908,000.
115
Businesses
1,096
Employees
$80.9M
Annual Payroll
14
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Accommodation and food services | 21 | 18.3% |
| Other services (except public administration) | 18 | 15.7% |
| Retail trade | 16 | 13.9% |
| Construction | 7 | 6.1% |
| Health care and social assistance | 7 | 6.1% |
| Arts, entertainment, and recreation | 7 | 6.1% |
| Transportation and warehousing | 6 | 5.2% |
| Wholesale trade | 5 | 4.3% |
| Finance and insurance | 5 | 4.3% |
| Real estate and rental and leasing | 5 | 4.3% |
| Professional, scientific, and technical services | 5 | 4.3% |
| Administrative and support and waste management and remediation services | 4 | 3.5% |
| Manufacturing | 3 | 2.6% |
| Information | 3 | 2.6% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 56623, 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 (2,749 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.