ZIP 55418 - 860Z200US55418 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55418, located in the Minneapolis area, this demographic and housing snapshot offers a clear, data-driven look at the community. With a population of over 31,000 and a robust housing market, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, we’ll break down key metrics to help you understand what makes ZIP 55418 tick and how it aligns with your goals.

Population & Households

ZIP 55418 is home to a population of 31,295 residents, spread across 13,933 households. This translates to an average household size of roughly 2.25 people, suggesting a mix of families, couples, and individuals. The area supports a diverse community with a moderate density, offering a balance between urban accessibility and residential comfort. For those eyeing this ZIP code, the population size indicates a stable, active local market with potential for both personal and commercial engagement.

Income & Housing Costs

The median household income in ZIP 55418 stands at $95,630, reflecting a financially stable community with solid earning potential. This income level supports a housing market where the median house value is $332,500, making it an attractive option for buyers seeking value in a competitive metro area. For renters, the median rent is $1,349 per month, which aligns with the income levels and suggests a balanced rental market. These figures point to a neighborhood that can accommodate a range of budgets, whether you’re buying, renting, or investing.

Race & Ethnicity

The demographic makeup of ZIP 55418 offers insight into its cultural fabric. The population is predominantly White at 74.15%, with significant representation from Black (9.49%), Hispanic (7.93%), and Asian (2.31%) communities. This diversity contributes to a multifaceted community, which can be a draw for those seeking an inclusive environment. For businesses and investors, this mix signals a varied customer base and opportunities to cater to different cultural needs and preferences.

Key Facts

• Total population: 31,295 residents, indicating a sizable community for engagement.
• Total households: 13,933, supporting a mix of family and individual living arrangements.
• Total housing units: 14,859, with a small vacancy rate suggesting high demand.
• Median household income: $95,630, reflecting strong local earning power.
• Median house value: $332,500, offering value in a competitive market.
• Median rent: $1,349, aligning with income levels for renters.
• Racial diversity: 74.15% White, 9.49% Black, 7.93% Hispanic, 2.31% Asian, fostering a varied community.

What This Means for You

For homebuyers, ZIP 55418 offers a promising mix of affordability and value with a median home price of $332,500, paired with a median income that supports sustainable homeownership. The area’s diversity and population size suggest a vibrant neighborhood with access to amenities and community resources.

For investors and real estate agents, the tight housing market—with 14,859 total units and high occupancy—points to strong demand and potential for appreciation. The rental market, with a median rent of $1,349, also offers opportunities for steady returns, especially given the stable local income levels.

For small-business owners, the population of over 31,000 and diverse demographic profile provide a solid customer base. The median income of $95,630 indicates disposable income for goods and services, while the cultural mix allows for targeted offerings to varied groups.

For analysts, these metrics provide a foundation for deeper market studies, whether assessing housing trends, economic stability, or community growth potential in ZIP 55418.

Run This Study Yourself

• Curious about another ZIP code or want to dive deeper into ZIP 55418? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Enter any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.