ZIP 55117 - 860Z200US55117 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55117 for your next home, investment property, or business location, understanding the area’s demographic and housing landscape is essential. Located in the heart of Ramsey County, Minnesota, this area offers a diverse community and a range of housing options. This snapshot, based on 2023 data, provides a clear picture of population trends, income levels, 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 55117 and uncover what makes this area unique.

Population & Households

ZIP code 55117 is home to a vibrant population of 44,095 residents as of 2023. This sizable community is distributed across 16,744 households, reflecting a mix of family structures and living arrangements. With 17,784 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable residential base, appealing to those seeking a community with both depth and opportunity.

Income & Housing Costs

Financial metrics are critical when evaluating any area, and ZIP 55117 offers a solid economic foundation. The median household income here is $71,784, providing a comfortable benchmark for many families and individuals. When it comes to housing, the median house value stands at $262,700, which positions 55117 as a relatively accessible market for first-time buyers or investors seeking value in the Twin Cities region. For renters, the median rent is $1,178 per month, offering a more affordable alternative to homeownership while still reflecting the area’s desirability. These figures highlight a balanced market where both owning and renting are viable options depending on your goals.

Race & Ethnicity

One of the standout features of ZIP 55117 is its diverse population, which enriches the cultural fabric of the community. The racial composition in 2023 shows that 44.12% of residents identify as White, 23.54% as Asian, 15.27% as Black, and 10.38% as Hispanic. This diversity creates a dynamic environment, fostering inclusivity and a variety of perspectives. For businesses, this mix can translate into a broad customer base, while families may appreciate the multicultural influences in schools and local events. Understanding this breakdown helps paint a fuller picture of life in 55117.

Key Facts

• Total population in ZIP 55117: 44,095 residents as of 2023.
• Total households: 16,744, supporting a range of family and individual lifestyles.
• Total housing units: 17,784, indicating potential availability for new occupants.
• Median household income: $71,784, reflecting a stable economic base.
• Median house value: $262,700, offering value in a competitive market.
• Median rent: $1,178 per month, a reasonable option for renters.
• Racial diversity: 44.12% White, 23.54% Asian, 15.27% Black, 10.38% Hispanic.

What This Means for You

For homebuyers, ZIP 55117 presents an opportunity to enter a market with a median house value of $262,700, which is approachable compared to many neighboring areas in the Twin Cities. The slight surplus of housing units suggests you might find options to suit your needs, whether you’re a first-time buyer or upsizing. Investors and real estate agents will note the balanced income levels and diverse population as indicators of steady demand for both rentals and purchases—median rent at $1,178 supports a viable rental market. Small-business owners can leverage the area’s diversity and population size of over 44,000 to tap into a varied customer base, ideal for retail, services, or cultural offerings. Analysts can use these metrics to benchmark 55117 against other ZIP codes for deeper market studies. Whatever your role, these insights provide a foundation for strategic planning.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55117? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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