ZIP 55109 - 860Z200US55109 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55109, located in the heart of Minnesota’s Ramsey County, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family home, a rental property, or a commercial space, understanding ZIP 55109’s profile is your first step.

Population & Households

ZIP 55109 is home to a vibrant community of 34,266 residents. This sizable population supports a diverse and active local economy, making it an attractive spot for families and businesses alike. The area comprises 12,760 households, reflecting a mix of family units, singles, and retirees. With 13,376 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to buy into the market.

Income & Housing Costs

The median household income in ZIP 55109 stands at $81,759, suggesting a relatively stable economic base for residents. This income level supports a comfortable lifestyle and indicates potential spending power for local businesses. On the housing front, the median home value is $291,200, positioning ZIP 55109 as a moderately priced market in the Twin Cities metro area. For renters, the median rent is $1,316 per month, which aligns with the income levels and offers a viable option for those not ready to buy. These figures provide a balanced view for anyone weighing the costs of living or investing here.

Race & Ethnicity

ZIP 55109 boasts a diverse population, which enriches the cultural fabric of the community. The racial composition includes 53.41% White, 24.45% Asian, 8.64% Black, and 6.21% Hispanic residents, among others. This diversity can be a draw for families seeking inclusive neighborhoods, businesses aiming to serve varied customer bases, and investors looking for dynamic, growing areas. The significant Asian population, in particular, stands out as a defining characteristic of the area’s demographic makeup.

Key Facts

• Total population: 34,266 residents in 2023, offering a robust community for engagement.
• Total households: 12,760, reflecting a mix of family and individual living arrangements.
• Total housing units: 13,376, suggesting some availability for new occupants or investors.
• Median household income: $81,759, indicating solid economic stability.
• Median home value: $291,200, a competitive price point in the regional market.
• Median rent: $1,316, providing an affordable alternative to buying.
• Diverse demographics: 53.41% White, 24.45% Asian, 8.64% Black, and 6.21% Hispanic.

What This Means for You

For homebuyers, ZIP 55109 offers a promising mix of affordability and community diversity. With a median home value of $291,200, you can find properties that fit a range of budgets, while the area’s cultural richness supports a welcoming environment for families. Real estate investors and agents should note the slight surplus of housing units over households, which may signal opportunities for rental properties or flips, especially given the steady median rent of $1,316. The solid median income of $81,759 also suggests tenants can afford consistent payments.

For small-business owners, the population of over 34,000 and diverse demographic profile mean a broad customer base with varied needs. Whether you’re opening a restaurant, retail shop, or service-based business, the income levels indicate residents have disposable income to spend locally. Analysts can use these metrics to track trends in housing demand, economic growth, or cultural shifts, particularly with the notable Asian population influencing local markets. ZIP 55109 presents actionable opportunities across multiple sectors.

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