ZIP 55313 - 860Z200US55313 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55313, understanding the local demographics and housing landscape is essential. Located in a vibrant part of Minnesota, this area offers a mix of suburban charm and economic potential. With a population of nearly 25,000 and a strong median household income, ZIP 55313 presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. This snapshot, based on 2023 data, breaks down the key metrics to help you make informed decisions about living, investing, or operating in this community.

Population & Households

ZIP 55313 is home to 24,862 residents, making it a moderately sized community with a stable population base. These individuals are distributed across 9,145 households, reflecting a mix of family units, singles, and retirees. The total number of housing units stands at 9,445, indicating a slight surplus of available homes compared to occupied households. This small gap could signal opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The median household income in ZIP 55313 is $93,471, a figure that suggests a relatively affluent community with solid earning power. This income level supports a robust housing market, where the median home value is $321,000. For homebuyers, this price point reflects a market that’s accessible to middle- and upper-middle-class families, while investors might see potential for appreciation given the income stability. Renters in this area face a median rent of $1,150 per month, which is reasonable compared to the home values and could indicate a healthy rental market for property owners.

Race & Ethnicity

The demographic makeup of ZIP 55313 is predominantly White, with 91.62% of the population identifying as such. Hispanic or Latino residents make up 3.63% of the community, while Asian residents account for 1.22%, and Black or African American residents represent just 0.11%. This composition points to a largely homogeneous area, which may influence cultural dynamics, business offerings, and community engagement. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the majority demographic while exploring niche opportunities for diverse populations.

Key Facts

• Total population: 24,862 residents in ZIP 55313 as of 2023.
• Total households: 9,145, indicating a strong base of family and individual units.
• Total housing units: 9,445, with a small surplus over occupied households.
• Median household income: $93,471, reflecting economic stability.
• Median home value: $321,000, a competitive price for suburban markets.
• Median rent: $1,150, suggesting affordability for renters.
• Racial composition: 91.62% White, 3.63% Hispanic, 1.22% Asian, 0.11% Black.

What This Means for You

For homebuyers, ZIP 55313 offers a promising market with median home values at $321,000 and a community supported by strong household incomes. The slight surplus of housing units could mean less competition when searching for your ideal property. Real estate investors and agents will find potential in both the purchase and rental markets, as the median rent of $1,150 aligns well with local income levels, suggesting steady demand. The area’s economic stability, with a median income of $93,471, also reduces the risk of tenant turnover or payment issues.

For small-business owners, the demographic profile—predominantly White with a sizable population—offers a clear target audience for goods and services. The income level supports discretionary spending, making this a viable location for retail, dining, or professional services. Analysts can use these metrics to benchmark ZIP 55313 against neighboring areas, identifying trends in housing affordability or population growth that could impact future planning or investment decisions.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55313? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing costs, and more, tailored to your needs.
• Use the insights to compare markets, identify opportunities, or make data-driven decisions for your next move or investment.