ZIP 55410 - 860Z200US55410 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 55410, located in the vibrant Minneapolis area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 20,000 and a strong economic profile, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the latest data to help you understand what makes ZIP 55410 stand out.

Population & Households

ZIP 55410 is home to 20,361 residents, making it a moderately sized community with a suburban feel within reach of urban amenities. These residents are distributed across 8,407 households, reflecting a mix of family and individual living arrangements. The total number of housing units stands at 8,685, indicating a slight surplus of available homes relative to occupied households. This balance suggests a stable housing market with potential opportunities for buyers or renters looking to settle in the area.

Income & Housing Costs

One of the standout features of ZIP 55410 is its robust economic profile. The median household income here is $144,973, significantly higher than many surrounding areas, pointing to a community with strong earning power. This affluence is mirrored in the housing market, where the median home value reaches $597,400. For renters, the median rent is $1,622 per month, reflecting the premium cost of living in this desirable location. These figures highlight ZIP 55410 as a high-value area, appealing to those with the financial capacity to invest in or reside in a prosperous neighborhood.

Race & Ethnicity

The demographic makeup of ZIP 55410 offers insight into the community's cultural composition. The population is predominantly White, accounting for 86.11% of residents. Other groups include Black residents at 2.99%, Asian residents at 2.37%, and Hispanic or Latino individuals at 4.42%. This distribution suggests a relatively homogenous community with pockets of diversity, which may influence the cultural and social dynamics of the area. For businesses and investors, understanding this composition can help tailor services or marketing strategies to the local population.

Key Facts

• Total population in ZIP 55410: 20,361 residents.
• Total households: 8,407, with an average household size implied by population distribution.
• Total housing units: 8,685, showing a small buffer of available properties.
• Median household income: $144,973, indicating a high-earning community.
• Median home value: $597,400, reflecting a premium real estate market.
• Median rent: $1,622, aligning with the area’s elevated cost of living.
• Racial composition: 86.11% White, 2.99% Black, 2.37% Asian, 4.42% Hispanic.

What This Means for You

For homebuyers, ZIP 55410 offers a stable, affluent community with high-quality housing stock, though the median home value of $597,400 means you’ll need significant financial readiness. The slight surplus of housing units (8,685 vs. 8,407 households) could provide some negotiation room, but expect competition in this desirable area. Real estate investors and agents will find a lucrative market here, with strong property values and a high median income suggesting residents can support premium pricing—ideal for rental properties or flips, though entry costs are steep. Small-business owners can tap into a wealthier customer base with disposable income, particularly for lifestyle, luxury, or family-oriented services; however, high rents ($1,622 median) mean careful budgeting for commercial space. Analysts can use this data to benchmark ZIP 55410 against neighboring areas, noting its economic strength and relative homogeneity as key differentiators.

Run This Study Yourself

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