ZIP 55123 - 860Z200US55123 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55123, 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 key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights provide a foundation for understanding the area’s potential and challenges.

Population & Households

ZIP 55123 is home to a population of 27,288 residents, making it a moderately sized community with a suburban feel. These individuals are distributed across 10,199 households, reflecting a strong residential base. The total number of housing units stands at 10,260, indicating a slight surplus of available homes relative to occupied households. This small gap could suggest opportunities for buyers or investors looking for properties in a stable, family-oriented area.

Income & Housing Costs

One of the standout metrics for ZIP 55123 is its median household income of $134,265, which points to a relatively affluent community. This income level supports a robust local economy, potentially benefiting small businesses and service providers. On the housing front, the median home value is $442,000, reflecting a competitive real estate market that aligns with the area’s higher income bracket. For renters, the median rent is $1,593 per month, which is significant but manageable for many households given the income levels. These figures suggest that ZIP 55123 offers a premium living environment, appealing to those with the financial capacity to invest in quality housing.

Race & Ethnicity

The demographic makeup of ZIP 55123 shows a diverse yet predominantly white population. Approximately 76.88% of residents identify as white, while 10.18% are Asian, 6.04% are Hispanic, and 3.4% are Black. This composition indicates a community with a strong cultural mix, which can be a draw for families and businesses seeking an inclusive environment. The diversity, particularly the notable Asian and Hispanic populations, may also influence local markets, dining options, and community events, adding vibrancy to the area.

Key Facts

• Total population in ZIP 55123: 27,288 residents.
• Total households: 10,199, with 10,260 total housing units available.
• Median household income: $134,265, indicating strong earning potential.
• Median home value: $442,000, reflecting a high-end housing market.
• Median rent: $1,593 per month, competitive for the income demographic.
• Racial composition: 76.88% white, 10.18% Asian, 6.04% Hispanic, 3.4% Black.

What This Means for You

For homebuyers, ZIP 55123 offers a stable, affluent community with high-quality housing options. The median home value of $442,000 suggests you’ll need a solid budget, but the investment could pay off in terms of lifestyle and potential appreciation. The slight surplus of housing units might also give you some negotiating room.

For real estate investors and agents, the combination of high median income and home values points to a market with strong demand for premium properties. The rental market, with a median rent of $1,593, could also be lucrative for landlords targeting higher-income tenants, though competition may be stiff.

For small-business owners, the area’s $134,265 median household income signals significant disposable income among residents. This could translate into strong customer spending on local goods and services, especially in sectors like retail, dining, and personal care. The diverse population also offers a chance to cater to varied cultural preferences.

For analysts, these metrics provide a snapshot of a prosperous, diverse suburban area. The data suggests stability and growth potential, but further research into employment trends and school quality could refine your understanding of long-term prospects.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55123? Start by visiting ZipcodeGPT for a user-friendly way to access detailed demographic and housing data.
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• Use the insights to inform your next move, investment, or business strategy with confidence.