ZIP 55417 - 860Z200US55417 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55417, located in the Minneapolis area, this demographic and housing snapshot offers a clear picture of the community. Based on the latest 2023 data, this area is home to over 25,000 residents and features a robust housing market with strong income levels. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, understanding the makeup of ZIP 55417 can help you make informed decisions. Let’s break down the key metrics around population, income, housing costs, and diversity to reveal what makes this area unique.

Population & Households

ZIP 55417 has a total population of 25,677, making it a moderately sized community with a vibrant residential base. This population is distributed across 10,935 households, indicating a mix of family and individual living arrangements. With 11,556 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could suggest some availability for new residents or investors looking to enter the market. This balance of population and housing provides a stable foundation for both personal and professional opportunities in the area.

Income & Housing Costs

One of the standout features of ZIP 55417 is its strong economic profile. The median household income stands at $122,639, reflecting a financially secure community with significant purchasing power. This income level supports a healthy housing market, where the median home value is $368,400. For renters, the median rent is $1,377 per month, which aligns with the area’s higher income bracket and suggests a demand for quality rental properties. These figures indicate that ZIP 55417 is a desirable location for those seeking both homeownership and rental opportunities, with costs reflecting the area’s economic strength.

Race & Ethnicity

The demographic composition of ZIP 55417 offers insight into the cultural fabric of the community. The population is predominantly White, accounting for 77.8% of residents. Hispanic or Latino individuals make up 9.86%, while Black or African American residents comprise 5.37%, and Asian residents represent 2.26%. This diversity, while not as pronounced as in some urban centers, still contributes to a varied community dynamic. For businesses and investors, this mix can inform marketing strategies or community engagement efforts tailored to the area’s cultural landscape.

Key Facts

• Total population in ZIP 55417: 25,677 residents.
• Total households: 10,935, with 11,556 total housing units available.
• Median household income: $122,639, indicating strong economic stability.
• Median home value: $368,400, reflecting a competitive real estate market.
• Median monthly rent: $1,377, suitable for a higher-income demographic.
• Racial composition: 77.8% White, 9.86% Hispanic, 5.37% Black, 2.26% Asian.

What This Means for You

For homebuyers, ZIP 55417 presents a financially stable community with a median home value of $368,400, ideal for those looking to invest in a property with strong long-term value. The slight surplus of housing units over households suggests there may be opportunities to find a home, though competition could still be present given the area’s desirability. Real estate investors and agents will find a promising market here, with high median incomes supporting both sales and rental demand—median rent at $1,377 indicates a solid return potential for rental properties. Small-business owners can leverage the area’s $122,639 median household income to target a customer base with disposable income, particularly in sectors like retail, dining, or services. Analysts can use this data to benchmark ZIP 55417 against neighboring areas, identifying trends in housing or demographic shifts. Overall, this ZIP code offers a balanced mix of opportunity and stability for various stakeholders.

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