Zip Code
56031
City
Fairmont, MN
Population & Migration
What is the forecasted population for Zip code 56031 Fairmont, MN?
- Population census 2020
- 11,553
- Forecasted population 2025
- 11,540
- -0.00% vs. 2020
- Forecasted population 2030
- 11,157
- -0.03% vs. 2020
Zip code 56031 Fairmont, MN population is forecasted to decrease -0.00% by 2025 (-4.8 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 11,540 people for 2025 zip code 56031 Fairmont, MN will generate a good demand for housing, which is expected to have an excess of -197 houses for 2030. Vacancy rate is 3.6 points below national US average.
- Total homes available 2020
- 5,754
- Estimated total home demand in 2030
- 5,556
- Total homes balance inventory
- -197
Average Household Income in zip code 56031 Fairmont, MN
from Internal Revenue Service
- Average household income in 2021
- $77,477
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 56031 Fairmont, MN?
County total number of drinking water violations
8
-97%
244
County total number of drinking water contaminations
5
-79%
24
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