ZIP 55122 - 860Z200US55122 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55122, located in the Eagan area of Minnesota, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population trends, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights provide a foundation for understanding the local landscape.

Population & Households

ZIP 55122 is home to a population of 31,483 residents, making it a moderately sized community with a suburban feel. This area supports 13,541 households, reflecting a strong residential base. The total number of housing units stands at 13,965, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 55122 is $93,980, pointing to a relatively affluent community with solid earning power. This income level supports a comfortable lifestyle and indicates a market with purchasing potential for local businesses. On the housing front, the median home value is $342,700, reflecting a robust real estate market that could appeal to buyers seeking long-term value or investors looking for appreciation. For renters, the median rent is $1,594 per month, which aligns with the area’s income levels but may require careful budgeting for some households.

Race & Ethnicity

ZIP 55122 boasts a diverse population, with a racial and ethnic composition that enriches the community’s cultural fabric. The breakdown shows 67.68% of residents identifying as White, 14.83% as Black, 9.15% as Asian, and 5.34% as Hispanic. This diversity can be a draw for families and businesses seeking an inclusive environment, while also offering unique opportunities for culturally tailored services or products.

Key Facts

• Total population: 31,483 residents, offering a suburban community scale.
• Total households: 13,541, indicating a strong residential presence.
• Total housing units: 13,965, with a small surplus of available homes.
• Median household income: $93,980, reflecting economic stability.
• Median home value: $342,700, suggesting a valuable real estate market.
• Median rent: $1,594, aligning with the area’s income profile.
• Racial diversity: 67.68% White, 14.83% Black, 9.15% Asian, 5.34% Hispanic.

What This Means for You

For homebuyers, ZIP 55122 offers a stable and diverse community with a median home value of $342,700, which could be a smart long-term investment given the area’s income strength. The slight surplus of housing units (13,965 vs. 13,541 households) might provide some negotiating room in a competitive market. Investors and agents can capitalize on this balance, targeting vacant units for rental income or resale, especially with a median rent of $1,594 signaling steady demand. The income level of $93,980 also suggests tenants or buyers with financial reliability.

For small-business owners, the population of 31,483 and diverse demographic makeup present a sizable and varied customer base. The median income indicates disposable income for goods and services, while the cultural diversity (notably 14.83% Black and 9.15% Asian) opens doors for niche offerings. Analysts can use these metrics to benchmark ZIP 55122 against nearby areas, assessing growth potential or market saturation for specific industries.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 55122? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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• Use the insights to inform your next move, investment, or business strategy with confidence.