ZIP 55120 - 860Z200US55120 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55120, located in the heart of Minnesota’s Twin Cities metro area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 55120 unique and how its characteristics can align with your goals.

Population & Households

ZIP 55120 is home to a population of 5,080 residents, making it a relatively small but vibrant community. These individuals are distributed across 2,104 households, reflecting a mix of family sizes and living arrangements. The total number of housing units stands at 2,119, indicating a tight housing market with limited vacancy. For those looking to settle or invest here, this suggests a stable residential base with potential competition for available properties.

Income & Housing Costs

Financially, ZIP 55120 stands out with a median household income of $111,900, pointing to a relatively affluent community. This income level supports a strong local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $484,700, reflecting a premium market where properties hold significant value. For renters, the median rent is $1,543 per month, indicating that leasing is also a considerable expense. These figures suggest that while the cost of living is high, the area offers a quality of life and amenities that match the investment.

Race & Ethnicity

The demographic makeup of ZIP 55120 is predominantly White, with 69.59% of residents identifying as such. Other groups contribute to the area’s diversity, including Asian residents at 7.01%, Hispanic or Latino residents at 4.53%, and Black residents at 1.4%. This composition indicates a community with a majority White population but with meaningful cultural diversity, which can enrich local experiences and business opportunities. For those prioritizing community inclusivity or targeting specific customer demographics, this breakdown offers valuable context.

Key Facts

• Total population in ZIP 55120: 5,080 residents.
• Total households: 2,104, supporting a close-knit community.
• Total housing units: 2,119, with limited availability for new occupants.
• Median household income: $111,900, indicating strong earning potential.
• Median home value: $484,700, reflecting a high-value real estate market.
• Median rent: $1,543, a significant cost for renters.
• Racial composition: 69.59% White, 7.01% Asian, 4.53% Hispanic, 1.4% Black.

What This Means for You

For homebuyers, ZIP 55120 offers a stable, affluent community with high property values. The median home price of $484,700 means you’ll need to budget for a premium, but the investment could pay off in long-term value appreciation and quality of life. Be prepared for a competitive market given the near parity between households and housing units.

For investors and real estate agents, the high median income and home values signal strong demand and potential for solid returns. However, with only a small gap between housing units and households, finding available properties may require strategic timing or creative sourcing. Rental properties could also be lucrative, as the $1,543 median rent suggests a robust rental market for tenants willing to pay for location and amenities.

For small-business owners, the $111,900 median household income indicates disposable income among residents, which could translate to customer spending power. The area’s diversity, though not dominant, also offers opportunities to cater to niche markets or culturally specific products and services. Consider the community’s size—5,080 people—as a manageable yet focused customer base.

For analysts, these metrics provide a foundation for deeper studies on housing trends, economic stability, or demographic shifts in ZIP 55120. The data points to a prosperous, stable area with potential for growth, especially in real estate and local commerce.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55120? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.