ZIP 55116 - 860Z200US55116 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55116 for a home purchase, investment opportunity, or business venture, 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 robust housing market. This snapshot, based on 2023 data, breaks down population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 55116 and uncover what makes this area unique.

Population & Households

ZIP code 55116 is home to a population of 26,099 residents, making it a moderately sized community with a mix of urban and suburban vibes. These residents are distributed across 12,140 households, reflecting a variety of family structures and living arrangements. With 12,818 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate opportunities for buyers or renters looking to move in. This balance suggests a stable community with room for growth, ideal for those seeking a settled yet dynamic place to live or invest.

Income & Housing Costs

Financial metrics in ZIP 55116 paint a picture of a relatively affluent area with solid earning potential. The median household income stands at $83,156, which is above the national average and indicates a strong local economy. For homebuyers and investors, the median house value of $405,900 reflects a competitive real estate market, where properties hold significant value and potential for appreciation. Renters, on the other hand, face a median rent of $1,279 per month, which is reasonable given the income levels and home values in the area. These figures suggest that 55116 offers a balanced cost of living for both owners and tenants.

Race & Ethnicity

The demographic makeup of ZIP 55116 is predominantly White, with 72.72% of the population identifying as such. Black residents make up 13.16% of the community, while Asian residents account for 3.85%. Additionally, 4.37% of the population identifies as Hispanic. This diversity, while not as pronounced as in some urban centers, contributes to a culturally rich environment. For businesses and investors, this mix can inform marketing strategies or community engagement efforts, while homebuyers may appreciate the blend of perspectives and backgrounds in the neighborhood.

Key Facts

• Total population in ZIP 55116: 26,099 residents.
• Total households: 12,140, indicating a variety of living arrangements.
• Total housing units: 12,818, suggesting slight availability for new residents.
• Median household income: $83,156, reflecting strong local earning power.
• Median house value: $405,900, a competitive price point for real estate.
• Median rent: $1,279, offering a balanced rental market.
• Racial composition: 72.72% White, 13.16% Black, 3.85% Asian, 4.37% Hispanic.

What This Means for You

For homebuyers, ZIP 55116 offers a promising market with median home values at $405,900, suggesting long-term investment potential in a stable community of over 26,000 residents. The slight surplus of housing units (12,818 vs. 12,140 households) could mean less competition for available properties, giving you an edge in negotiations. Real estate investors and agents will find the high median income of $83,156 indicative of a financially secure population, likely to support property value growth and rental demand at a median of $1,279. Small-business owners can leverage the area’s diversity (with significant White, Black, and smaller Asian and Hispanic populations) to tailor products or services to a varied customer base, while the solid income levels suggest disposable income for local spending. Analysts can use these metrics to benchmark 55116 against neighboring ZIP codes for deeper market studies. Whether you’re buying, investing, or building a business, these insights provide a foundation for strategic planning.

Run This Study Yourself

• Curious about other areas or want updated data for ZIP 55116? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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