ZIP 55421 - 860Z200US55421 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55421, located in the Minneapolis-St. Paul metro area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 55421 will guide your next steps.

Population & Households

ZIP 55421 is home to a population of 31,051 residents as of 2023. This sizable community is distributed across 12,617 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 13,247, suggesting a small surplus of available homes or rentals compared to occupied households. This could point to opportunities for buyers or renters looking for options in this area.

Income & Housing Costs

The median household income in ZIP 55421 is $75,141, reflecting a solid economic base for many residents. This income level supports a range of lifestyles and purchasing power, which is valuable for businesses targeting local consumers. On the housing front, the median house value is $260,500, positioning this area as a moderately priced market within the broader metro region. For renters, the median rent is $1,281 per month, offering a more accessible entry point for those not ready to buy. These figures provide a balanced view of affordability and investment potential in ZIP 55421.

Race & Ethnicity

The demographic makeup of ZIP 55421 is notably diverse, which can enrich community life and business opportunities. The racial composition includes 51.57% White, 23.5% Black, 4.94% Asian, and 13.81% Hispanic residents. This diversity suggests a multicultural environment that could appeal to a wide range of individuals and families relocating to the area, as well as businesses aiming to serve varied customer bases. Understanding this mix can help tailor real estate strategies or marketing efforts to resonate with the community.

Key Facts

• Total population: 31,051 residents in ZIP 55421 as of 2023.
• Total households: 12,617, indicating a strong residential base.
• Total housing units: 13,247, with some availability for new occupants.
• Median household income: $75,141, supporting local economic stability.
• Median house value: $260,500, a moderate price point for buyers.
• Median rent: $1,281, offering rental affordability.
• Diverse population: 51.57% White, 23.5% Black, 4.94% Asian, 13.81% Hispanic.

What This Means for You

For homebuyers, ZIP 55421 presents a promising market with a median house value of $260,500, which is reasonable for the metro area, paired with a diverse and vibrant community of over 31,000 people. The slight surplus of housing units (13,247 total) compared to households (12,617) may mean less competition for available properties. If you’re a renter, the median rent of $1,281 offers a cost-effective alternative to buying while you explore the area.

For real estate investors and agents, the data suggests potential in both buying and renting markets. With a median income of $75,141, residents have the financial capacity to support rental demand or home purchases. The diversity in the population also means you can cater to a broad range of clients or tenants, enhancing your portfolio’s reach.

For small-business owners, ZIP 55421’s population size and income levels indicate a robust local customer base. The multicultural demographic profile offers a chance to create products or services that appeal to varied cultural preferences, while the median income suggests disposable income for non-essential spending. Setting up shop here could tap into a dynamic and growing market.

For analysts, these metrics provide a foundation for deeper research into housing trends, economic stability, and demographic shifts in ZIP 55421. The balance of income, housing costs, and diversity offers a compelling case study for urban-suburban community dynamics.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55421? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
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• Use the insights to inform your homebuying, investment, or business decisions with confidence.