ZIP 55311 - 860Z200US55311 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55311, located in the thriving suburban area of Minnesota, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this ZIP code is home to a sizable population with strong income levels and a robust housing market. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into population, income, housing costs, and diversity will help you make informed decisions about this community.

Population & Households

ZIP 55311 boasts a total population of 37,873 residents, making it a moderately large suburban area with a strong community presence. This population is distributed across 13,921 households, indicating a balanced mix of family and individual living arrangements. With 14,284 total housing units in the area, there’s a slight surplus of homes compared to households, which could suggest availability for new residents or investors looking to enter the market. This balance is a key factor for anyone evaluating the area’s capacity to accommodate growth or new business ventures.

Income & Housing Costs

One of the standout metrics for ZIP 55311 is its median household income of $148,122, which reflects a high-earning community with significant purchasing power. This income level positions the area as an attractive market for businesses targeting affluent customers or for homebuyers seeking a financially stable neighborhood. On the housing front, the median home value stands at $466,400, indicating a premium real estate market that aligns with the area’s income profile. For renters, the median rent is $1,894 per month, which is on the higher side but consistent with the overall cost of living and quality of housing in this ZIP code. These figures suggest a market where both owning and renting come with a notable investment, but also potential for strong returns.

Race & Ethnicity

The demographic composition of ZIP 55311 offers a glimpse into the cultural fabric of the area. The population is predominantly White at 80.29%, with smaller but significant representation from Black (7.41%) and Asian (7.55%) communities. Hispanic or Latino residents make up 1.47% of the population. This diversity, while not as pronounced as in more urban areas, still contributes to a varied community dynamic that can appeal to a range of residents and businesses looking to cater to different cultural needs or preferences.

Key Facts

• Total population: 37,873 residents, indicating a substantial suburban community.
• Total households: 13,921, reflecting a mix of family and individual living setups.
• Total housing units: 14,284, suggesting slight availability for new occupants or investors.
• Median household income: $148,122, showcasing a high-earning demographic.
• Median home value: $466,400, pointing to a premium real estate market.
• Median rent: $1,894, aligning with the area’s elevated cost of living.
• Racial composition: 80.29% White, 7.41% Black, 7.55% Asian, 1.47% Hispanic.

What This Means for You

For homebuyers, ZIP 55311 offers a stable, affluent community with high-quality housing, though the median home value of $466,400 means you’ll need to budget for a significant investment. The strong median income of $148,122 suggests neighbors with financial stability, which often correlates with well-maintained properties and good schools. Real estate investors and agents will find potential in the slight surplus of housing units (14,284 vs. 13,921 households), which could indicate opportunities for rentals or flips, especially given the high rental rates of $1,894. Small-business owners should note the high disposable income in this area, making it a prime spot for premium goods or services tailored to an upscale clientele. Analysts can use these metrics to benchmark ZIP 55311 against other suburban markets, focusing on income and housing cost trends as indicators of economic health.

Run This Study Yourself

• Curious about diving deeper into ZIP 55311 or comparing it with another area? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Input any ZIP code to access detailed population, income, and housing insights tailored to your needs.
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