ZIP 55343 - 860Z200US55343 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55343, located in the heart of Minnesota’s Hennepin County, this demographic and housing snapshot offers a clear picture of the area. With data from 2023, we’ll break down key metrics like population, income, housing values, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 55343 will guide your next steps.

Population & Households

ZIP 55343 is home to a population of 26,482 residents as of 2023, making it a moderately sized community with a mix of urban and suburban characteristics. This area supports 13,351 households, reflecting a vibrant residential base. With 14,111 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate opportunities for buyers or investors looking for available properties.

Income & Housing Costs

The median household income in ZIP 55343 stands at $82,415, suggesting a relatively affluent community with solid earning potential. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median house value is $350,700, reflecting a competitive real estate market that may appeal to those seeking long-term value appreciation. For renters, the median rent is $1,427 per month, indicating a significant cost for leasing but also potential for landlords to generate steady rental income.

Race & Ethnicity

The demographic makeup of ZIP 55343 offers a glimpse into its cultural diversity. The population is predominantly White at 66.39%, followed by Black residents at 16.6%. Asian individuals make up 4.15% of the population, while Hispanic or Latino residents account for 4.22%. This diversity can enrich community life and provide unique opportunities for businesses catering to varied cultural needs or for investors eyeing inclusive markets.

Key Facts

• Total population: 26,482 residents in ZIP 55343 as of 2023.
• Total households: 13,351, supporting a strong residential community.
• Total housing units: 14,111, with some availability for new occupants.
• Median household income: $82,415, indicating a financially stable area.
• Median house value: $350,700, a competitive price point for real estate.
• Median rent: $1,427, reflecting a significant rental market.
• Racial composition: 66.39% White, 16.6% Black, 4.15% Asian, 4.22% Hispanic.

What This Means for You

For homebuyers, ZIP 55343 offers a stable community with a median home value of $350,700, which could be a sound investment given the area’s income levels and population size. The slight surplus of housing units (14,111 total versus 13,351 households) might mean less competition for available properties, potentially easing the buying process.

For real estate investors and agents, the combination of a $1,427 median rent and a strong median income of $82,415 suggests a market where rental properties could yield consistent returns. The diversity in the area also means a broad tenant base to target.

For small-business owners, the population of 26,482 and the diverse demographic profile provide a sizable and varied customer base. The income levels indicate disposable income for goods and services, while the cultural mix could inspire niche offerings tailored to different communities.

For analysts, these metrics—population density, income stability, and housing costs—point to ZIP 55343 as a balanced area with growth potential, worthy of deeper market studies or trend tracking.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55343? 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 homebuying, investment, or business decisions with confidence.