ZIP 55103 - 860Z200US55103 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 55103, located in the heart of St. Paul, Minnesota, understanding the local demographic and housing landscape is essential. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural diversity in this area. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in ZIP 55103.

Population & Households

ZIP 55103 is home to a population of 13,892 residents, making it a moderately sized community within the St. Paul area. These individuals are distributed across 5,245 households, reflecting a mix of family and individual living arrangements. With 5,652 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters seeking options in this ZIP code.

Income & Housing Costs

The median household income in ZIP 55103 stands at $47,872, which offers a glimpse into the economic profile of the area. This income level suggests a working-class community with a range of earning capacities, potentially appealing to businesses targeting affordable goods and services. On the housing front, the median house value is $240,400, positioning ZIP 55103 as a relatively accessible market for first-time homebuyers or investors looking for properties below the national median. For renters, the median rent is $1,040 per month, which aligns with the income levels and provides a viable option for those not ready to purchase a home.

Race & Ethnicity

ZIP 55103 boasts a diverse cultural makeup, which adds to the vibrancy of the community. The racial composition includes 33.55% White, 27.78% Black, 21.51% Asian, and 11.97% Hispanic residents, with the remainder comprising other or mixed-race individuals. This diversity can be a significant draw for businesses and residents who value multicultural environments, offering a blend of perspectives, traditions, and customer bases for local entrepreneurs.

Key Facts

• Total population: 13,892 residents in ZIP 55103 as of 2023.
• Total households: 5,245, indicating a mix of family and solo living.
• Total housing units: 5,652, with some vacancy for potential buyers or renters.
• Median household income: $47,872, reflecting a working-class economic base.
• Median house value: $240,400, an accessible entry point for homeownership.
• Median rent: $1,040, offering affordable rental options.
• Diverse population: White (33.55%), Black (27.78%), Asian (21.51%), Hispanic (11.97%).

What This Means for You

For homebuyers, ZIP 55103 presents an opportunity to enter the housing market at a median value of $240,400, which is competitive compared to many urban areas. The slight surplus of housing units suggests you may have room to negotiate or find a property that fits your needs. Renters can also benefit from a median rent of $1,040, which is manageable for those earning around the area’s median income.

For real estate investors and agents, the combination of affordable home prices and a diverse, stable population of nearly 14,000 makes ZIP 55103 a potential hotspot for rental properties or fixer-uppers. The vacancy in housing units could signal room for growth or redevelopment projects.

For small-business owners, the cultural diversity and moderate income levels in ZIP 55103 create a unique market. Tailoring products or services to a multicultural audience—whether through cuisine, retail, or community services—could resonate well here. The population size also supports a steady customer base for local enterprises.

For analysts, the data points to a balanced community with economic and cultural diversity, offering a solid foundation for further research into housing trends or business feasibility studies in this St. Paul ZIP code.

Run This Study Yourself

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