ZIP 55118 - 860Z200US55118 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55118, located in the vibrant St. Paul area of Minnesota, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 30,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you understand what makes ZIP 55118 stand out and how it aligns with your goals.

Population & Households

ZIP 55118 is home to 29,396 residents, making it a moderately sized community with a strong residential base. These individuals are spread across 13,065 households, reflecting a diverse mix of family structures and living arrangements. Whether you’re a homebuyer looking for a neighborhood with a sense of community or a business owner seeking a solid customer base, this population size suggests a stable and engaged local market.

Income & Housing Costs

The median household income in ZIP 55118 stands at $85,229, indicating a relatively strong economic foundation for many residents. This income level supports a comfortable lifestyle and suggests purchasing power for local businesses. On the housing front, the median home value is $331,800, which positions this area as a competitive yet accessible market for buyers and investors. For renters, the median monthly rent is $1,215, offering a more affordable alternative to homeownership while still reflecting the area’s desirability. With 13,751 total housing units, there’s a decent inventory to explore, though availability can vary based on demand.

Race & Ethnicity

The demographic makeup of ZIP 55118 reflects a predominantly white population at 71.69%, with notable diversity from Hispanic residents at 15.54%, Black residents at 4.56%, and Asian residents at 1.59%. This mix contributes to a culturally rich environment, which can be a draw for families seeking inclusive communities or businesses aiming to serve varied customer needs. Understanding this composition can help investors and entrepreneurs tailor their strategies to the local demographic landscape.

Key Facts

• Total population: 29,396 residents in ZIP 55118 as of 2023.
• Total households: 13,065, indicating a strong residential presence.
• Total housing units: 13,751, providing a range of living options.
• Median household income: $85,229, reflecting solid economic stability.
• Median home value: $331,800, a competitive price point for the region.
• Median rent: $1,215 per month, offering affordability for renters.
• Racial diversity: 71.69% white, 15.54% Hispanic, 4.56% Black, 1.59% Asian.

What This Means for You

For homebuyers, ZIP 55118 offers a balanced market with a median home value of $331,800, which is reasonable for the St. Paul metro area, paired with a median income that supports mortgage affordability for many. The diversity and population size suggest a welcoming, active community ideal for families or individuals seeking connection.

For investors and real estate agents, the housing stats—13,751 units and a mix of owners and renters—point to opportunities in both sales and rental markets. The median rent of $1,215 indicates potential for steady rental income, while the home value suggests room for appreciation in a growing area.

For small-business owners, a population of nearly 30,000 with a median income of $85,229 means a customer base with disposable income. The cultural diversity also opens doors to niche markets or tailored services that resonate with different segments of the community.

For analysts, these metrics provide a foundation for deeper research into economic trends, housing demand, and demographic shifts in ZIP 55118, helping to inform broader regional studies or investment decisions.

Run This Study Yourself

• Curious about other ZIP codes or want updated data for ZIP 55118? Start by visiting ZipcodeGPT to access powerful demographic and housing insights tailored to your needs.
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