ZIP Code 56274 — Norcross city, MN Demographics & Data

ZIP code 56274 covers Norcross, MN in Grant County with a population of about 252.

At a glance, the area shows median age of 35.8 versus a U.S. median of about 38.9.

It sits in telephone area code 320; U.S. House district MN-7; the MINNEAPOLIS - ST. PAUL media market.

Median household income in ZIP 56274 is about $115,972 — about 54% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 1.2%; unemployment rate near 0.0%; 29.1% of adults with a bachelor’s degree or higher (about 4.6 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Agriculture, and Construction; about 42.7% of workers reporting work-from-home (about 27.5 points above the U.S. share (15.2%)); a mean commute of about 59.0 minutes (U.S. average near 26.8).

Median home value is about $150,000 — about 57% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 98.8% (about 33.4 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 56274 in Norcross, MN, a household would need roughly $41,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $964. That sits below the local median household income ($115,972), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Norcross city, MN as Very Low (composite score 3.0), which is relatively lower than many U.S. communities. The strongest component scores on US5 are wildfire (14.3) and flood (8.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Norcross city, MN show little to no average snow and around 25.3 inches of annual precipitation.

IRS migration statistics show a net inflow of about 18 for ZIP 56274 (Norcross city, MN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.