ZIP 55105 - 860Z200US55105 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55105, located in the heart of St. Paul, Minnesota, this demographic and housing snapshot offers a clear picture of the area in 2023. Whether you’re a homebuyer seeking a vibrant community, an investor analyzing market potential, or a small-business owner scouting locations, understanding the population, income, and housing dynamics of 55105 can guide your decisions. Let’s break down the latest data to reveal what makes this ZIP code unique and how it might align with your goals.

Population & Households

ZIP 55105 is home to a population of 27,470 residents as of 2023, making it a moderately sized community with a strong residential presence. These individuals are distributed across 11,423 households, reflecting a mix of family and individual living arrangements. With 12,045 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 looking to settle in this area. This balance suggests a stable community with room for growth, appealing to those seeking a settled yet dynamic neighborhood.

Income & Housing Costs

Financially, ZIP 55105 stands out with a median household income of $108,200, indicating a relatively affluent population compared to national averages. This income level supports a robust housing market, where the median house value reaches $453,300. For potential homebuyers or real estate investors, this figure points to a high-value area with likely strong appreciation potential, though it also means a significant upfront investment. Renters, on the other hand, face a median rent of $1,240 per month, which is reasonable given the income levels and property values, offering a viable option for those not ready to buy. These metrics suggest that 55105 caters to a financially secure demographic, which could influence business opportunities or property demand.

Race & Ethnicity

The demographic makeup of ZIP 55105 is predominantly White, with 82.47% of the population identifying as such. Other groups include Black residents at 2.94%, Asian residents at 4.03%, and Hispanic or Latino residents at 5.02%. This composition reflects a community with limited diversity compared to more urban or metropolitan areas, which may shape the cultural and social environment. For businesses or investors, understanding this demographic profile can help tailor services, marketing, or community engagement strategies to resonate with the majority population while considering the needs of smaller demographic groups.

Key Facts

• Total population in ZIP 55105: 27,470 residents in 2023.
• Total households: 11,423, indicating a mix of family and solo living.
• Total housing units: 12,045, with a small surplus over occupied homes.
• Median household income: $108,200, reflecting strong earning power.
• Median house value: $453,300, signaling a premium real estate market.
• Median rent: $1,240, offering a balanced rental option.
• Racial composition: 82.47% White, 5.02% Hispanic, 4.03% Asian, 2.94% Black.

What This Means for You

For homebuyers, ZIP 55105 offers a stable, affluent community with high property values, ideal if you’re looking for a long-term investment or a prestigious address. The median house value of $453,300 suggests you’ll need substantial financial readiness, but the area’s income levels indicate a neighborhood with economic stability. Investors and real estate agents should note the slight surplus of housing units (12,045 vs. 11,423 households), which could mean opportunities for rentals or flips, especially given the strong median income supporting higher rents or purchase prices. Small-business owners can leverage the area’s wealth—evidenced by the $108,200 median income—to target premium products or services, though the less diverse demographic profile might require focused marketing to the majority population. Analysts can use these metrics to benchmark 55105 against nearby ZIP codes for deeper market or social studies, particularly in housing demand and income trends.

Run This Study Yourself

Curious to dive deeper into ZIP 55105 or compare it with another area? Uncover detailed insights tailored to your needs with these simple steps:

• Visit ZipcodeGPT to access powerful demographic and housing analysis tools.
• Enter any ZIP code, like 55105, to generate a comprehensive report with the latest data.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.