ZIP 55107 - 860Z200US55107 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55107 for your next home, investment property, or business location, understanding the local demographics and housing landscape is essential. Located in the heart of St. Paul, Minnesota, this area offers a diverse community and a range of opportunities. This snapshot, based on 2023 data, provides a clear picture of the population, income levels, housing costs, and cultural composition of ZIP 55107. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can guide your decisions with confidence.

Population & Households

ZIP 55107 is home to a population of 15,533 residents, making it a moderately sized community within the St. Paul area. These individuals are distributed across 5,835 households, reflecting a mix of family and individual living arrangements. With 6,063 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 move in. This balance between population and housing stock suggests a stable residential environment, ideal for those seeking a settled yet dynamic neighborhood.

Income & Housing Costs

The median household income in ZIP 55107 stands at $78,125, positioning it as a community with solid earning potential. This income level supports a comfortable lifestyle for many residents and indicates a market where discretionary spending could benefit local businesses. On the housing front, the median house value is $259,900, offering a relatively accessible entry point for homebuyers compared to higher-priced areas in the Twin Cities metro. For renters, the median rent is $1,335 per month, reflecting a competitive rental market that may appeal to investors seeking steady returns. These figures highlight ZIP 55107 as a balanced market for both owning and renting, catering to a range of financial situations.

Race & Ethnicity

ZIP 55107 boasts a diverse cultural makeup, which adds to its vibrancy and appeal. The racial composition includes 46.57% White, 12.89% Black, 9.13% Asian, and 22.63% Hispanic residents. This diversity creates a rich community fabric, offering a welcoming environment for people from various backgrounds. For businesses, this mix presents opportunities to cater to a wide array of cultural preferences and needs, while homebuyers and investors can appreciate the inclusive atmosphere that defines the area.

Key Facts

• Total population: 15,533 residents in 2023.
• Total households: 5,835, indicating a mix of family and solo living.
• Total housing units: 6,063, with a small surplus of available homes.
• Median household income: $78,125, supporting a stable local economy.
• Median house value: $259,900, accessible for many buyers.
• Median rent: $1,335, competitive for the rental market.
• Diverse demographics: 46.57% White, 22.63% Hispanic, 12.89% Black, 9.13% Asian.

What This Means for You

For homebuyers, ZIP 55107 offers a promising opportunity with median home values at $259,900, which is reasonable for the St. Paul area. The slight surplus of housing units could mean less competition when searching for your ideal property. Investors and real estate agents will find the rental market attractive, with a median rent of $1,335 suggesting potential for consistent cash flow, especially given the area’s population size and diversity. The income level of $78,125 also indicates that tenants are likely to have stable finances. Small-business owners can leverage the diverse demographic profile to offer products or services tailored to varied cultural needs, while the solid median income suggests a customer base with purchasing power. Analysts can use these metrics to benchmark ZIP 55107 against neighboring areas, identifying trends in housing affordability and population growth. Across all groups, this ZIP code presents a balanced, opportunity-rich environment.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55107? 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 costs, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.