ZIP Code 56248 -- Herman, MN
Grant | 2024 American Community Survey Data
Key Insights
- With a price-to-income ratio of 2.2x, housing here is relatively affordable compared to the recommended 3-5x benchmark.
- 23.82% of workers here work from home — more than double the pre-pandemic national average, reflecting the shift to remote work.
- 85.92% of housing units are owner-occupied — indicating a stable, established neighborhood with strong homeownership.
Quick Overview
About ZIP Code 56248
ZIP code 56248 in Herman, Minnesota is a unknown area with a population of 761. The median household income is $83,000, which is This is 11% above the national median of $75,000.. The median home value is $181,100, representing a price-to-income ratio of 2.2x . The cost of living is significantly below average with an index of 56.6 (the national average is 100). Residents have a median age of 47.00 years. Approximately 24.0% of adults hold a bachelor's degree or higher. This ZIP code is located in Grant, MN.
Population & Age
Age Distribution
Race & Ethnicity
Racial Composition
Income & Economy
This is 11% above the national median of $75,000.
Income Distribution
Housing
Affordable housing market
Ownership vs Rental
Education
Employment & Commuting
How People Get to Work
Cost of Living Index
The cost of living in ZIP code 56248 is 43.4% below the national average of 100.
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Frequently Asked Questions about ZIP Code 56248
ZIP code 56248 (Herman, MN) has a total population of 761 according to the 2024 American Community Survey. The median age is 47.00 years.
The median household income in ZIP code 56248 is $83,000 per year, based on 2024 Census Bureau data. This is 11% above the national median of $75,000.
ZIP code 56248 is primarily located in Herman, Minnesota (MN). It falls within Grant County.
The median home value in ZIP code 56248 is $181,100, based on the 2024 American Community Survey 5-year estimates. The median monthly rent is $535.
The median age in ZIP code 56248 is 47.00 years, compared to the national median of 38.9 years. This makes the area older than the national average.
ZIP code 56248 has a cost of living index of 56.64 (national average = 100). This means the cost of living is significantly below average compared to the national average.
In ZIP code 56248, 23.98% of adults (25+) hold a bachelor's degree or higher, compared to the national average of 33.7%. 4.65% hold a graduate or professional degree.
The unemployment rate in ZIP code 56248 is 5.96%, which is above the national average of 3.6%. About 23.82% of workers work from home.
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Data sourced from the 2024 American Community Survey (U.S. Census Bureau). Learn more about our data sources.