ZIP 55412 - 860Z200US55412 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 55412, located in the Minneapolis area, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this analysis covers population trends, household dynamics, income levels, housing costs, and racial composition. Whether you're a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about this vibrant community.

Population & Households

ZIP 55412 is home to a population of 26,182 residents, making it a moderately sized community with a diverse mix of individuals and families. The area supports 9,130 households, reflecting a strong residential base. With 9,676 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities. This balance between population and housing suggests a stable yet dynamic neighborhood with room for growth.

Income & Housing Costs

The median household income in ZIP 55412 stands at $71,905, positioning it as a community with a solid economic foundation for many families and individuals. Housing costs align with this income level, with a median house value of $226,400. For renters, the median rent is $1,340 per month, which reflects a reasonable cost of living compared to many urban areas. These figures suggest that ZIP 55412 offers a balanced market for both buyers and renters, with opportunities for affordability relative to nearby metropolitan zones.

Race & Ethnicity

ZIP 55412 is notably diverse, with a racial composition that includes 35.99% White, 33.27% Black, 7.9% Asian, and 14.06% Hispanic residents. This mix creates a culturally rich environment, appealing to those who value inclusivity and varied perspectives. For businesses, this diversity can translate into a broad customer base with unique needs and preferences, while homebuyers may appreciate the sense of community that comes from such a multifaceted population.

Key Facts

• Total population: 26,182 residents, offering a sizable community for engagement.
• Total households: 9,130, indicating a strong residential presence.
• Total housing units: 9,676, with a small surplus suggesting potential availability.
• Median household income: $71,905, reflecting a stable economic base.
• Median house value: $226,400, an accessible entry point for many buyers.
• Median rent: $1,340, competitive for an urban-adjacent area.
• Racial diversity: White (35.99%), Black (33.27%), Asian (7.9%), Hispanic (14.06%).

What This Means for You

For homebuyers, ZIP 55412 presents an opportunity to invest in a diverse and economically stable area with median home values at $226,400. The slight surplus of housing units could mean less competition for available properties, potentially giving you negotiating power. Real estate investors and agents might find value in the balance of occupied and total housing units, as well as the reasonable median rent of $1,340, which could attract reliable tenants. The area’s diversity and population size also suggest a steady demand for housing over time.

For small-business owners, the population of over 26,000 and diverse demographic makeup offer a wide customer base. The median household income of $71,905 indicates that many residents have disposable income for local goods and services, while the cultural diversity can inspire tailored offerings. Analysts can use these metrics to benchmark ZIP 55412 against other areas, noting its affordability and demographic trends as key drivers of future growth or investment potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55412? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
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