ZIP 55104 - 860Z200US55104 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55104, located in the heart of St. Paul, Minnesota, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, diverse community, and solid economic indicators, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing here.

Population & Households

ZIP 55104 is home to a vibrant community of 45,777 residents as of 2023. This population is spread across 18,588 households, indicating a mix of family and individual living arrangements. The area also has 20,358 total housing units, suggesting a slight surplus of available homes or rentals compared to occupied households. This balance could mean opportunities for prospective buyers or renters looking to settle in a well-populated, active neighborhood.

Income & Housing Costs

The median household income in ZIP 55104 stands at $75,038, reflecting a stable economic base for many residents. This income level supports a comfortable lifestyle in the area, especially when paired with housing costs. The median house value is $290,900, which positions this ZIP code as a potentially accessible entry point for homebuyers in the Twin Cities metro area. For renters, the median rent is $1,159 per month, offering a range of options for those not ready to buy. These figures suggest a balanced market where both owning and renting are viable depending on your financial goals.

Race & Ethnicity

ZIP 55104 boasts a diverse population, which adds to the cultural richness of the area. The racial composition in 2023 breaks down as follows: 59.78% White, 19.14% Black, 6.9% Asian, and 6.59% Hispanic, with the remainder comprising other or mixed-race individuals. This diversity creates a welcoming environment for people from various backgrounds, making it an attractive spot for families, businesses, and community-driven initiatives looking to connect with a broad audience.

Key Facts

• Total population: 45,777 residents, indicating a sizable and active community.
• Total households: 18,588, showing a strong base of local families and individuals.
• Total housing units: 20,358, suggesting potential availability for new residents or investors.
• Median household income: $75,038, reflecting economic stability for many households.
• Median house value: $290,900, offering a competitive price point for homebuyers.
• Median rent: $1,159, providing affordable options for renters.
• Diverse demographics: 59.78% White, 19.14% Black, 6.9% Asian, and 6.59% Hispanic.

What This Means for You

For homebuyers, ZIP 55104 offers a promising mix of affordability and community. With a median home value of $290,900, you can find properties that fit a moderate budget while enjoying a diverse and engaged neighborhood. The slight surplus of housing units (20,358 total versus 18,588 households) may also give you some negotiating power.

For real estate investors and agents, the data points to a stable market with potential for growth. The median income of $75,038 suggests residents have the means to support rental or purchase demand, while the diversity of the area could attract a wide range of tenants or buyers. Consider focusing on properties near community hubs to maximize appeal.

For small-business owners, this ZIP code’s population of over 45,000 and diverse demographic makeup provide a robust customer base. Whether you’re opening a retail shop, restaurant, or service-based business, the cultural variety and solid median income indicate a market that can sustain local commerce. Look for locations with high foot traffic to capitalize on the area’s vibrancy.

For analysts, these metrics offer a foundation for deeper research into housing trends, economic stability, and community needs in ZIP 55104. The balance of income, housing costs, and diversity could signal long-term potential for development or investment.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55104? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions for your next home purchase, investment, or business venture with confidence.