Zip Code
56063
City
Madison Lake, MN
Population & Migration
What is the forecasted population for Zip code 56063 Madison Lake, MN?
- Population census 2020
- 2,835
- Forecasted population 2025
- 3,055
- 0.08% vs. 2020
- Forecasted population 2030
- 3,116
- 0.10% vs. 2020
Zip code 56063 Madison Lake, MN population is forecasted to grow 0.08% by 2025 (3.1 points above the 4.7% national average).
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Housing and Affordability
With a forecasted population of 3,055 people for 2025 zip code 56063 Madison Lake, MN will generate a good demand for housing, which is expected to have a deficit of 168 houses for 2030. Vacancy rate is 15.4 points above national US average.
- Total homes available 2020
- 1,702
- Estimated total home demand in 2030
- 1,870
- Total homes balance inventory
- 168
Average Household Income in zip code 56063 Madison Lake, MN
from Internal Revenue Service
- Average household income in 2021
- $125,292
Affordability
- Affordability Index
- 3
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 56063 Madison Lake, MN?
County total number of drinking water violations
26
-89%
244
County total number of drinking water contaminations
8
-67%
24
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