ZIP 55403 - 860Z200US55403 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55403, understanding the area’s demographic and housing landscape is essential. Located in a dynamic urban setting, this ZIP code offers a unique blend of population diversity and housing options. Based on the latest 2023 data, this snapshot provides a clear picture of the community’s makeup, income levels, and real estate metrics. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about living or working in 55403.

Population & Households

ZIP 55403 is home to a population of 17,354 residents, making it a moderately sized urban community. These individuals are distributed across 11,532 households, reflecting a high density of living arrangements typical of city environments. With 12,906 total housing units in the area, there’s a notable presence of both occupied and vacant properties, which could signal opportunities for buyers or investors looking to enter the market. The ratio of households to population suggests smaller household sizes, often indicative of young professionals, singles, or smaller families residing in the area.

Income & Housing Costs

The median household income in ZIP 55403 stands at $59,928, positioning it as a middle-income area with a diverse economic base. This income level supports a range of lifestyles and can attract businesses catering to mid-range consumers. On the housing front, the median house value is $285,200, which offers a competitive entry point for urban homeownership compared to pricier metropolitan zones. For renters, the median rent is $1,199 per month, reflecting a significant but manageable cost for those opting not to buy. These figures highlight 55403 as a balanced market for both owning and renting, appealing to varied financial situations.

Race & Ethnicity

The demographic composition of ZIP 55403 showcases a diverse community, which can enrich cultural experiences and business opportunities. The racial breakdown includes 68.73% White, 14.23% Black, 4.59% Asian, and 7.04% Hispanic residents. This mix suggests a multicultural environment that could appeal to individuals and businesses seeking inclusivity or targeting specific demographic segments. Understanding this diversity is key for tailoring real estate offerings or business services to meet the needs of a varied population.

Key Facts

• Total population: 17,354 residents in ZIP 55403.
• Total households: 11,532, indicating a dense urban living pattern.
• Total housing units: 12,906, with potential availability for new occupants.
• Median household income: $59,928, supporting a middle-income lifestyle.
• Median house value: $285,200, a competitive urban price point.
• Median rent: $1,199, reflecting reasonable rental costs.
• Racial diversity: Predominantly White (68.73%), with significant Black (14.23%) and Hispanic (7.04%) populations.

What This Means for You

For homebuyers, ZIP 55403 presents an accessible urban market with a median house value of $285,200, ideal for those seeking city living without the exorbitant costs of larger metro hubs. The rental market, with a median rent of $1,199, also offers flexibility for those not ready to commit to ownership. Real estate investors and agents can note the surplus of housing units (12,906 total) compared to households (11,532), suggesting potential for flipping properties or filling vacancies. Small-business owners will find a diverse customer base of 17,354 residents and a median income of $59,928, which supports spending on local goods and services—especially in culturally resonant niches. Analysts can use this data to track urban trends, assess market stability, or advise clients on strategic moves in 55403. Across all groups, the area’s diversity and economic balance provide a solid foundation for growth and engagement.

Run This Study Yourself

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