ZIP 55419 — Demographic Snapshot

If you’re considering a move, investment, or business opportunity in ZIP code 55419, located in the vibrant Minneapolis area, this demographic and housing snapshot offers a clear picture of what to expect. Based on the latest 2023 data, this article breaks down key metrics like population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into the numbers for 55419 and explore what they mean for you.

Population & Households

ZIP code 55419 is home to a population of 29,728 residents, making it a moderately sized community with a strong residential presence. These individuals are distributed across 11,660 households, reflecting a mix of family and individual living arrangements. With 12,119 total housing units in the area, there’s a slight surplus of homes compared to households, which could indicate some availability for new residents or investors looking to enter the market. This balance suggests a stable community with room for growth, ideal for those seeking a settled yet dynamic place to live or work.

Income & Housing Costs

One of the standout metrics for 55419 is its median household income of $143,254, which points to a relatively affluent community. This higher income level supports a robust local economy, potentially benefiting small businesses and real estate investments. On the housing front, the median house value stands at $479,000, reflecting a competitive market that aligns with the area’s income profile. For renters, the median rent is $1,476 per month, which is significant but manageable for many households given the income levels. These figures suggest that 55419 is a desirable area for those who can afford the entry costs, offering both quality housing and a strong economic foundation.

Race & Ethnicity

The demographic makeup of ZIP code 55419 shows a predominantly white population at 79.34%, with smaller but notable representation from other groups. Black residents account for 9.14% of the population, while Hispanic individuals make up 4.32%, and Asian residents comprise 1.41%. This composition indicates a community with a degree of diversity, though it remains largely homogeneous compared to more urbanized areas. For businesses and investors, understanding this mix can help tailor services or marketing strategies to the primary demographic while also considering opportunities to engage with minority groups in the area.

Key Facts

• Total population in 55419: 29,728 residents.
• Total households: 11,660, indicating a mix of family and solo living.
• Total housing units: 12,119, suggesting some availability for new occupants.
• Median household income: $143,254, reflecting a high-earning community.
• Median house value: $479,000, indicative of a premium real estate market.
• Median rent: $1,476, aligning with the area’s income and housing profile.
• Racial composition: 79.34% white, 9.14% black, 4.32% Hispanic, 1.41% Asian.

What This Means for You

For homebuyers, ZIP code 55419 offers a stable, affluent community with high-quality housing, though the median home value of $479,000 means you’ll need a solid budget to enter this market. The slight surplus of housing units could provide some negotiation room, but competition may still be stiff given the desirable income levels and location. Real estate investors and agents will find opportunities in this high-value market, especially with a median household income of $143,254 supporting strong purchasing power; consider targeting properties for renovation or rental, as the $1,476 median rent suggests a viable income stream. Small-business owners can benefit from the area’s economic strength, focusing on goods and services that cater to a higher-income demographic while exploring niche markets among the diverse population segments. Analysts can use these metrics to benchmark 55419 against neighboring ZIP codes for deeper market insights. Across all groups, the data points to a community with strong fundamentals for long-term value.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP code 55419? 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.