ZIP 55413 - 860Z200US55413 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business venture in ZIP 55413, located in the Minneapolis area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 14,000 and a mix of housing options, this area presents unique opportunities for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s break down the key metrics to help you make informed decisions about living, working, or investing in this vibrant ZIP code.

Population & Households

ZIP 55413 is home to 14,328 residents as of 2023, making it a moderately sized community with a dynamic urban feel. These residents are distributed across 7,455 households, reflecting a mix of family units, singles, and shared living arrangements. With 8,080 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market. Understanding the population and household structure is crucial for gauging demand for housing, services, and local businesses in this ZIP code.

Income & Housing Costs

The median household income in ZIP 55413 stands at $84,252, suggesting a relatively strong economic base for many residents. This income level supports a housing market where the median house value is $354,200—a figure that reflects a competitive yet accessible market for buyers in the Minneapolis metro area. For renters, the median rent is $1,497 per month, which aligns with the area’s urban setting and proximity to amenities. These financial metrics are essential for homebuyers assessing affordability and for investors evaluating potential returns on rental properties or home sales in 55413.

Race & Ethnicity

The demographic makeup of ZIP 55413 offers insight into the community’s diversity. The population is predominantly White at 70.9%, with significant representation from Black residents at 11.9%, Asian residents at 3.92%, and Hispanic or Latino individuals at 6.39%. This mix contributes to a culturally rich environment, which can influence local businesses, community events, and housing preferences. For small-business owners and investors, understanding this diversity can help tailor offerings or marketing strategies to resonate with the community in this ZIP code.

Key Facts

• Total population: 14,328 residents in 2023.
• Total households: 7,455, indicating a mix of living arrangements.
• Total housing units: 8,080, suggesting potential availability for new occupants.
• Median household income: $84,252, reflecting a solid economic foundation.
• Median house value: $354,200, competitive for an urban market.
• Median rent: $1,497, consistent with urban rental trends.
• Racial composition: 70.9% White, 11.9% Black, 3.92% Asian, 6.39% Hispanic.

What This Means for You

For homebuyers, ZIP 55413 offers a balanced market with a median home value of $354,200 and a slight surplus of housing units. This could mean opportunities to find a property that fits your budget, especially with a median household income of $84,252 supporting affordability for many. Investors and agents will find potential in both the rental and sales markets, as the median rent of $1,497 suggests steady demand from tenants, while the home value indicates room for appreciation in this urban area. Small-business owners can leverage the diverse population of 14,328 and the cultural mix to create targeted offerings—think niche eateries, services, or retail that cater to varied tastes. Analysts can use these metrics to benchmark 55413 against nearby ZIP codes, identifying trends in housing or demographic shifts. Whether you’re buying, investing, or building a business, these insights provide a foundation for smart decision-making.

Run This Study Yourself

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