ZIP 55106 - 860Z200US55106 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55106 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in the heart of St. Paul, Minnesota, this area is home to a vibrant, diverse population and a dynamic housing market. Using the latest 2023 data, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will guide your next steps in ZIP 55106.

Population & Households

ZIP 55106 is a bustling community with a total population of 56,969 residents as of 2023. This sizable population is distributed across 19,130 households, indicating a strong residential base. With 19,974 total housing units in the area, there’s a slight surplus of homes compared to households, which could suggest some availability for new residents or investors looking to enter the market. This balance between population and housing units reflects a community that’s well-established yet potentially open to growth.

Income & Housing Costs

The median household income in ZIP 55106 stands at $68,601, providing a solid economic foundation for many families and individuals. When it comes to housing, the median home value is $233,000, which offers a relatively accessible entry point for homebuyers compared to pricier neighboring areas in the Twin Cities metro. For renters, the median rent is $1,230 per month, reflecting a moderate cost of living for those not ready to buy. These figures suggest that ZIP 55106 strikes a balance between affordability and value, making it an attractive option for a range of budgets.

Race & Ethnicity

One of the standout features of ZIP 55106 is its rich diversity. The racial and ethnic composition of the area includes 31.63% White, 15.39% Black, 34.03% Asian, and 11.23% Hispanic residents. This multicultural makeup creates a unique community dynamic, fostering a blend of traditions, languages, and perspectives. For businesses, this diversity can translate into a broad customer base, while families may appreciate the cultural richness and inclusive environment that ZIP 55106 offers.

Key Facts

• Total population: 56,969 residents, making ZIP 55106 a sizable community in St. Paul.
• Total households: 19,130, supporting a strong residential presence.
• Total housing units: 19,974, indicating potential availability for new occupants.
• Median household income: $68,601, reflecting a stable economic base.
• Median home value: $233,000, offering affordability in the Twin Cities area.
• Median rent: $1,230, a reasonable cost for renters in the region.
• Diverse population: 34.03% Asian, 31.63% White, 15.39% Black, and 11.23% Hispanic.

What This Means for You

For homebuyers, ZIP 55106 presents an opportunity to purchase a home at a median value of $233,000, which is competitive within the St. Paul area. The slight surplus of housing units could mean less competition in certain segments of the market, but act quickly to secure the best options. Real estate investors and agents will find value in the area’s diversity and population density, which support rental demand (median rent of $1,230) and potential for property appreciation. The balanced income level suggests tenants and buyers with reliable financial footing.

For small-business owners, the diverse demographic profile of ZIP 55106 is a significant advantage. With over 56,000 residents and a wide range of cultural backgrounds, you can tailor products or services to meet varied needs, from niche ethnic markets to broader community demands. Finally, analysts can use these metrics as a baseline for deeper studies into housing trends, economic stability, or community development in this part of St. Paul. ZIP 55106 offers a compelling mix of opportunity and stability for all stakeholders.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55106? 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 specific needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence and precision.