ZIP 55411 - 860Z200US55411 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55411 for a home purchase, investment opportunity, or business venture, understanding the local demographics and housing landscape is essential. Located in the Minneapolis area, this ZIP code offers a unique blend of diversity, affordability, and potential. With data from 2023, this snapshot provides a clear picture of the population, income levels, housing costs, and cultural composition. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights will help you make informed decisions about opportunities in 55411.

Population & Households

ZIP 55411 is home to a population of 29,719 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 10,029 households, reflecting a mix of family structures and living arrangements. The total number of housing units in the area stands at 10,967, indicating a slight surplus of available properties compared to occupied households. This could suggest opportunities for buyers or investors looking to enter the market, as well as potential rental demand for landlords.

Income & Housing Costs

The median household income in ZIP 55411 is $53,368, which positions the area as a working-class community with accessible living costs relative to broader metropolitan averages. For homebuyers and investors, the median house value of $233,500 offers a relatively affordable entry point into homeownership or real estate investment, especially in a market like Minneapolis where prices can often climb higher. Meanwhile, the median rent of $1,220 per month reflects a rental market that could appeal to tenants seeking reasonable costs, as well as landlords aiming for steady returns. These figures provide a balanced view of affordability and investment potential in 55411.

Race & Ethnicity

ZIP 55411 stands out for its diverse population, which contributes to a rich cultural fabric. The racial and ethnic composition includes 49.1% Black residents, making it the largest demographic group, followed by 23.33% White, 10.67% Hispanic, and 9.42% Asian residents. This diversity can be a significant draw for businesses looking to cater to varied customer bases, as well as for families and individuals seeking an inclusive community. Understanding this mix is crucial for tailoring services, marketing strategies, or community engagement efforts in the area.

Key Facts

• Total population: 29,719 residents in ZIP 55411.
• Total households: 10,029, with a mix of family and individual setups.
• Total housing units: 10,967, suggesting some availability for new occupants.
• Median household income: $53,368, reflecting a working-class economic base.
• Median house value: $233,500, an accessible price point for buyers.
• Median rent: $1,220, indicating a competitive rental market.
• Diverse demographics: 49.1% Black, 23.33% White, 10.67% Hispanic, 9.42% Asian.

What This Means for You

For homebuyers, ZIP 55411 offers an affordable median home value of $233,500, which could be ideal for first-time buyers or those looking to settle in a diverse, dynamic neighborhood. The slight surplus of housing units (10,967 total) compared to households (10,029) suggests there may be room to negotiate or find available properties. For investors and real estate agents, the combination of reasonable home values and a median rent of $1,220 points to potential for rental income or property appreciation, especially in a growing urban area. Small-business owners can benefit from the diverse population of nearly 30,000, tailoring products or services to meet the needs of varied cultural groups, particularly the significant Black and Hispanic communities. Finally, analysts can use these metrics to benchmark 55411 against other ZIP codes, identifying trends in affordability, diversity, and market demand.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55411? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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