ZIP 55112 - 860Z200US55112 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55112, 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 looking for a family-friendly community, a rental market with potential, or a diverse customer base, ZIP 55112 has unique characteristics worth exploring.

Population & Households

ZIP 55112 is home to a sizable population of 45,680 residents as of 2023, making it a vibrant and active community. This area supports 17,326 households, reflecting a mix of family units, singles, and retirees. With 17,956 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. The population density suggests a suburban feel—spacious enough for comfort but connected enough for convenience, ideal for those seeking a balance between urban and rural lifestyles.

Income & Housing Costs

Financially, ZIP 55112 stands out with a median household income of $93,823, which is above the national average and signals a relatively affluent community. This income level supports a strong local economy, benefiting small businesses and attracting families with purchasing power. On the housing front, the median home value is $338,800, reflecting a competitive yet accessible market for buyers in the Twin Cities metro area. For renters, the median rent is $1,322 per month, which aligns with the area’s income levels and suggests a stable rental market for investors. These figures point to a location where both homeownership and renting are viable options depending on your goals.

Race & Ethnicity

Diversity is a defining feature of ZIP 55112, with a racial composition that includes 69.72% White, 8.96% Black, 6.88% Asian, and 8.57% Hispanic residents. This mix creates a culturally rich environment, appealing to families and businesses looking for an inclusive community. For small-business owners, this diversity can translate into a broad customer base with varied needs and preferences. For residents, it means access to a range of cultural experiences and perspectives, fostering a dynamic social fabric.

Key Facts

• Total population: 45,680 residents, offering a substantial community for engagement.
• Total households: 17,326, indicating a strong base of local consumers and families.
• Median household income: $93,823, reflecting economic stability and spending power.
• Median home value: $338,800, positioning ZIP 55112 as a competitive housing market.
• Median rent: $1,322, suggesting a balanced rental opportunity for investors.
• Racial diversity: 69.72% White, 8.96% Black, 6.88% Asian, 8.57% Hispanic, showcasing inclusivity.
• Total housing units: 17,956, with potential availability for new buyers or renters.

What This Means for You

For homebuyers, ZIP 55112 offers a promising market with median home values at $338,800, backed by a median household income of $93,823 that supports long-term affordability for many. The slight surplus of housing units (17,956 vs. 17,326 households) could mean less competition when searching for a property. Investors and real estate agents will find a stable rental market with a median rent of $1,322, appealing to tenants with solid incomes, while the area’s growth potential makes it a smart bet for property appreciation. Small-business owners can leverage the diverse population of 45,680 and the area’s economic strength to tap into a wide range of customers, from families to young professionals. Analysts studying suburban trends will appreciate the balanced demographics and housing dynamics as a case study for similar ZIP codes in the region.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55112? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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