ZIP 55082 - 860Z200US55082 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55082, located in the Stillwater area of Minnesota, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 36,000 and a strong median household income, this area presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the latest data to help you understand what makes ZIP 55082 stand out and how it can align with your goals.

Population & Households

ZIP 55082 is home to 36,414 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 14,478 households, reflecting a stable residential base. The total number of housing units stands at 15,493, indicating a slight surplus of available properties compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant units for development or leasing.

Income & Housing Costs

One of the standout metrics for ZIP 55082 is its median household income of $117,538, which points to a financially secure community with significant purchasing power. This income level supports a robust housing market, where the median home value is $459,500. For prospective buyers, this figure reflects a premium market, likely driven by desirable amenities, good schools, or proximity to urban centers like St. Paul. Meanwhile, the median rent of $1,439 per month offers a more accessible entry point for those not ready to buy, though it still aligns with the area’s higher cost of living.

For investors and agents, these numbers suggest a market where properties hold strong value, potentially yielding solid returns through appreciation or rental income. Small-business owners may also find the income levels encouraging, as they indicate a customer base with disposable income for goods and services.

Race & Ethnicity

The demographic makeup of ZIP 55082 provides insight into the community’s cultural fabric. The population is predominantly White at 87.43%, with smaller percentages of Black (1.82%), Asian (2.09%), and Hispanic (5.15%) residents. This composition reflects a relatively homogenous area, which may influence the types of cultural amenities, businesses, or community events available. For businesses and investors, understanding this breakdown can help tailor offerings or marketing strategies to resonate with the majority demographic while also identifying niche opportunities to serve smaller groups.

Key Facts

• Total population: 36,414 residents in 2023, offering a sizable community for engagement.
• Total households: 14,478, indicating a strong residential foundation.
• Total housing units: 15,493, with some availability for new occupants or investment.
• Median household income: $117,538, signaling significant economic strength.
• Median home value: $459,500, reflecting a high-value real estate market.
• Median rent: $1,439, providing a competitive rental option in a premium area.
• Racial composition: 87.43% White, 5.15% Hispanic, 2.09% Asian, 1.82% Black.

What This Means for You

For homebuyers, ZIP 55082 offers a prosperous community with a median income that supports a comfortable lifestyle, though the $459,500 median home value means you’ll need to budget for a higher-end market. The slight surplus of housing units could give you some negotiating power if inventory remains available.

For investors and agents, the combination of high home values and a stable population suggests a low-risk market with potential for appreciation. The rental market, with a median rent of $1,439, also presents opportunities for steady cash flow, especially if you target the area’s affluent demographic.

For small-business owners, the high median income of $117,538 indicates a customer base with spending power. Consider services or products that cater to a suburban, predominantly White demographic while exploring ways to appeal to smaller but growing Hispanic or Asian communities.

For analysts, the data points to a financially strong, stable area with limited diversity. This could inform broader studies on suburban trends or housing affordability in high-income ZIP codes like 55082.

Run This Study Yourself

• Curious about diving deeper into ZIP 55082 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.