ZIP 55113 - 860Z200US55113 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55113 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the heart of Minnesota, this ZIP code offers a diverse community and a robust housing market. This snapshot, based on 2023 data, provides a clear picture of population trends, 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 will guide your next steps in ZIP 55113.

Population & Households

ZIP 55113 is home to a population of 40,786 residents, making it a moderately sized community with a mix of urban and suburban characteristics. These residents are distributed across 17,917 households, reflecting a variety of family structures and living arrangements. With 19,075 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties. This balance between population and housing suggests a stable community with room for growth or turnover.

Income & Housing Costs

The median household income in ZIP 55113 stands at $86,830, pointing to a relatively affluent area where residents have solid earning potential. This income level supports a strong housing market, with the median house value pegged at $331,200. For those considering renting, the median rent is $1,353 per month, which aligns with the area’s income demographics and suggests a competitive rental market. These figures indicate that ZIP 55113 offers a balance of affordability and value, appealing to both homeowners and renters seeking quality living spaces.

Race & Ethnicity

The demographic makeup of ZIP 55113 reflects a diverse yet predominantly white community. Approximately 70.86% of residents identify as white, while 7.95% are Black, 7.8% are Asian, and 6.32% identify as Hispanic. This diversity contributes to a culturally rich environment, which can be a draw for families, businesses, and investors looking for inclusive communities. Understanding this composition can help tailor business offerings or community engagement strategies to resonate with the area’s residents.

Key Facts

• Total population in ZIP 55113: 40,786 residents.
• Total households: 17,917, indicating a mix of family and individual living arrangements.
• Total housing units: 19,075, suggesting potential availability for new occupants.
• Median household income: $86,830, reflecting a financially stable community.
• Median house value: $331,200, a solid investment opportunity.
• Median rent: $1,353, competitive for the income demographic.
• Racial composition: 70.86% white, 7.95% Black, 7.8% Asian, 6.32% Hispanic.

What This Means for You

For homebuyers, ZIP 55113 offers a promising market with a median house value of $331,200, supported by a median household income of $86,830. This suggests that homes here are within reach for many middle- to upper-middle-income families, and the slight surplus of housing units could mean less competition in certain segments. Investors and real estate agents will find value in the area’s stable demographics and rental market, where a median rent of $1,353 indicates steady demand—ideal for buy-to-rent strategies. Small-business owners can leverage the diverse population of over 40,000 to target a broad customer base, while the area’s income levels suggest disposable income for goods and services. Analysts can use these metrics to benchmark ZIP 55113 against neighboring areas, identifying trends in housing or demographic shifts. Whatever your goal, these insights provide a foundation for smart decision-making.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55113? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to compare areas, spot opportunities, and make data-driven decisions for your home purchase, investment, or business plan.