ZIP 55102 - 860Z200US55102 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55102, understanding the area’s demographic and housing landscape is essential. Located in the heart of St. Paul, Minnesota, this ZIP code offers a vibrant community with a mix of urban charm and residential appeal. This 2023 snapshot provides a clear, data-driven look at population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 55102 unique.

Population & Households

ZIP 55102 is home to a population of 19,565 residents as of 2023. This figure reflects a moderately sized community, ideal for those seeking a balance between urban access and a tighter-knit neighborhood feel. The area comprises 10,460 households, indicating a significant number of families and individuals contributing to the local economy and culture. With 11,582 total housing units, there’s a slight surplus of homes compared to households, which could suggest availability for new residents or investors looking to enter the market.

Income & Housing Costs

The median household income in ZIP 55102 stands at $74,143, positioning it as a relatively affluent area compared to national averages. This income level suggests a community with disposable income, which can be a draw for small businesses catering to mid-to-upper-income consumers. On the housing front, the median house value is $280,400, reflecting a competitive yet accessible real estate market for buyers and investors. For renters, the median rent is $1,295 per month, indicating a rental market that aligns with the area’s income demographics and offers opportunities for landlords to attract stable tenants.

Race & Ethnicity

The racial and ethnic composition of ZIP 55102 showcases a predominantly white population at 76.93%, with notable diversity from other groups. Black residents make up 10.01% of the population, while Asian residents account for 2.71%. Additionally, 5.07% of the population identifies as Hispanic. This diversity, while not as pronounced as in some urban centers, contributes to a culturally rich environment that can appeal to a wide range of residents and business owners looking to serve varied customer bases.

Key Facts

• Total population: 19,565 residents in 2023, offering a mid-sized community vibe.
• Total households: 10,460, reflecting a strong base of local families and individuals.
• Total housing units: 11,582, suggesting potential availability for new buyers or renters.
• Median household income: $74,143, indicating a financially stable population.
• Median house value: $280,400, a competitive price point for real estate investment.
• Median rent: $1,295, aligning with income levels for a sustainable rental market.
• Racial composition: 76.93% white, 10.01% Black, 2.71% Asian, and 5.07% Hispanic.

What This Means for You

For homebuyers, ZIP 55102 offers a promising market with a median house value of $280,400, which is approachable for many in the mid-income bracket. The slight surplus of housing units could mean less competition when searching for your ideal home. Real estate investors and agents will find opportunity in both the purchase and rental markets, as the median rent of $1,295 supports steady returns, and the area’s income levels suggest reliable tenants or buyers. Small-business owners can tap into a community with a solid median income of $74,143, ideal for businesses offering goods or services to a financially stable clientele. Finally, analysts can use this data to benchmark ZIP 55102 against neighboring areas, identifying trends in housing availability or demographic shifts. Whether you’re settling down, investing, or launching a venture, these metrics provide a strong foundation for your next steps.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55102? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date statistics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions for buying, investing, or business planning with confidence.