ZIP 55405 - 860Z200US55405 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55405, located in the vibrant Minneapolis area, this demographic and housing snapshot offers a clear picture of what to expect. Based on 2023 data, this analysis dives into population trends, income levels, housing metrics, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a new home near Uptown or evaluating market potential, these insights provide a solid foundation for understanding this dynamic ZIP code.

Population & Households

ZIP 55405 is home to a population of 16,915 residents, reflecting a community of moderate size with a mix of urban energy and neighborhood charm. These individuals are distributed across 8,190 households, indicating a relatively high density of living arrangements. With 8,724 total housing units in the area, there’s a slight surplus of units over households, which could suggest some availability for new residents or investors looking to enter the market. This balance between population and housing stock is a key factor for anyone assessing residential or rental opportunities in 55405.

Income & Housing Costs

The median household income in ZIP 55405 stands at $70,425, pointing to a community with a solid economic base. This income level supports a range of lifestyles and purchasing power, which is valuable for businesses targeting local consumers. On the housing front, the median house value is $450,200, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,188 per month, which aligns with the area’s urban setting and access to amenities. These figures highlight both opportunities and challenges in affordability, depending on your financial goals.

Race & Ethnicity

The demographic makeup of ZIP 55405 showcases a diverse community, which can influence cultural vibrancy, business offerings, and social dynamics. The racial composition includes 59.23% White, 24.79% Black, 3.88% Asian, and 5.41% Hispanic residents. This diversity suggests a multicultural environment that could be attractive to families seeking inclusive neighborhoods, businesses aiming to serve varied customer bases, or investors looking at areas with broad appeal. Understanding these demographics can help tailor decisions to the community’s unique character.

Key Facts

• Total population in ZIP 55405: 16,915 residents.
• Total households: 8,190, indicating a dense living arrangement.
• Total housing units: 8,724, with a small surplus over households.
• Median household income: $70,425, supporting moderate economic stability.
• Median house value: $450,200, reflecting a strong real estate market.
• Median rent: $1,188, consistent with urban rental trends.
• Racial diversity: 59.23% White, 24.79% Black, 3.88% Asian, 5.41% Hispanic.

What This Means for You

For homebuyers, ZIP 55405 offers a competitive housing market with a median value of $450,200, suggesting potential for long-term investment but requiring careful budgeting given the price point. The slight surplus of housing units may provide some negotiation room. Real estate investors and agents can leverage the area’s diversity and income levels to target both rental ($1,188 median rent) and purchase markets, especially with a population of over 16,000 to draw from. Small-business owners will find a diverse customer base and a median income of $70,425, which supports discretionary spending—ideal for retail, dining, or service-based ventures. Analysts can use these metrics to benchmark 55405 against neighboring ZIP codes for deeper market studies. Across all groups, the area’s urban appeal and demographic mix offer a foundation for tailored strategies.

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