ZIP 55110 - 860Z200US55110 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55110, located in the vibrant Twin Cities metro area of Minnesota, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, 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 into ZIP 55110 will guide your next steps.

Population & Households

ZIP 55110 is home to a population of 37,272 residents, making it a moderately sized community with a suburban feel. This area supports 15,492 households, reflecting a strong base of families and individuals. With 16,156 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate availability for new residents or investors looking for opportunities in this market. The balance between population and housing suggests a stable community with room for growth.

Income & Housing Costs

The median household income in ZIP 55110 stands at $97,211, pointing to a relatively affluent area where residents enjoy a comfortable standard of living. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $347,100, reflecting a competitive yet accessible market for buyers in the Twin Cities region. For renters, the median rent is $1,494 per month, which aligns with the area’s income levels and suggests a balanced rental market for those not ready to buy.

Race & Ethnicity

The demographic makeup of ZIP 55110 is predominantly White, with 84.04% of residents identifying as such. Other groups include Hispanic or Latino residents at 5.47%, Asian residents at 3.32%, and Black or African American residents at 2.06%. This composition indicates a community with a strong majority but also a presence of diversity that adds to the cultural fabric. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to the area’s residents.

Key Facts

• Total population: 37,272 residents, offering a sizable community for engagement.
• Total households: 15,492, indicating a strong base of local consumers or tenants.
• Total housing units: 16,156, suggesting potential availability for new buyers or renters.
• Median household income: $97,211, reflecting economic stability and purchasing power.
• Median home value: $347,100, a competitive price point in the regional market.
• Median rent: $1,494, providing insight into rental affordability and demand.
• Racial composition: 84.04% White, 5.47% Hispanic, 3.32% Asian, 2.06% Black, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 55110 offers a promising market with a median home value of $347,100, which is attainable for many given the median household income of $97,211. The slight surplus of housing units may mean less competition when searching for your ideal home. Real estate investors and agents can find value in the stable population and income levels, which support both rental and sales markets—median rent at $1,494 suggests steady demand for leasing options. Small-business owners will appreciate the sizable population of 37,272 and the economic strength of households, creating a solid customer base for retail, services, or dining ventures. Finally, analysts can use this data to benchmark ZIP 55110 against neighboring areas, identifying trends in housing or demographic shifts for deeper studies. This community’s metrics point to opportunity across multiple sectors.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55110? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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