ZIP 55404 - 860Z200US55404 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55404 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in a dynamic urban setting, this Minneapolis area offers a diverse population and a mix of housing options. This snapshot, based on 2023 data, provides a clear picture of the community, income levels, and real estate metrics to help homebuyers, investors, agents, small-business owners, and analysts make informed decisions. Let’s dive into the numbers and uncover what makes ZIP 55404 unique.

Population & Households

ZIP 55404 is home to a vibrant community of 28,071 residents as of 2023. This sizable population supports a diverse and active local economy, making it an appealing spot for businesses and investors alike. The area comprises 12,679 households, reflecting a mix of family structures and living arrangements. With 14,372 total housing units, there’s a notable supply of homes and apartments, though availability can vary based on demand in this urban hub. For homebuyers or renters, this population density suggests a lively neighborhood with access to amenities, while investors might see opportunities in a market with consistent housing needs.

Income & Housing Costs

The median household income in ZIP 55404 stands at $43,932, indicating a community with moderate earning power. This figure is crucial for small-business owners assessing local purchasing power or for homebuyers gauging affordability. On the housing front, the median house value is $294,200, which positions the area as a potentially accessible entry point into the Minneapolis real estate market, especially for first-time buyers or investors seeking value. Meanwhile, the median rent of $1,063 per month reflects a rental market that may appeal to those not yet ready to buy or to landlords looking for steady demand. These metrics highlight a balance between affordability and investment potential in ZIP 55404.

Race & Ethnicity

ZIP 55404 boasts a richly diverse population, a key draw for those seeking an inclusive community or a culturally vibrant market. The racial and ethnic composition in 2023 breaks down as follows: 36.21% White, 32.14% Black, 3.83% Asian, and 19.85% Hispanic. This diversity shapes the area’s social fabric, influencing everything from local businesses to community events. For small-business owners, this mix offers a chance to cater to varied customer needs, while homebuyers and investors can appreciate the cultural depth that enhances neighborhood appeal. Understanding this demographic makeup helps stakeholders align their plans with the community’s unique character.

Key Facts

• Total population: 28,071 residents, supporting a bustling urban environment.
• Total households: 12,679, indicating a strong base of local consumers.
• Total housing units: 14,372, offering a range of living options.
• Median household income: $43,932, reflecting moderate affordability.
• Median house value: $294,200, a potential entry point for buyers and investors.
• Median rent: $1,063, suggesting a competitive rental market.
• Diverse demographics: White (36.21%), Black (32.14%), Hispanic (19.85%), Asian (3.83%).

What This Means for You

For homebuyers, ZIP 55404 offers a chance to enter the Minneapolis market at a median home value of $294,200, which may be more attainable than other nearby areas, paired with a diverse and lively community of over 28,000 residents. Investors and real estate agents can leverage the steady demand for housing—evidenced by 14,372 units and a median rent of $1,063—to build portfolios or serve renters and buyers in a high-density area. Small-business owners will find a culturally rich customer base with moderate income levels ($43,932 median), ideal for tailored offerings that resonate with varied demographics. Analysts can use these insights to track urban trends or advise clients on market opportunities. Whether you’re settling down, investing, or launching a venture, ZIP 55404 presents a balanced mix of affordability and potential.

Run This Study Yourself

• Curious about other ZIP codes or deeper insights into ZIP 55404? Start by visiting ZipcodeGPT to access powerful demographic and housing data tools.
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