ZIP 55424 - 860Z200US55424 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55424, located in the heart of Minnesota’s Twin Cities area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and racial composition to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Whether you’re eyeing a family-friendly neighborhood or a lucrative market, understanding ZIP 55424’s profile is your first step.

Population & Households

ZIP 55424 is home to a population of 10,373 residents as of 2023. This community supports 3,658 households, reflecting a stable and established residential base. With 3,845 total housing units in the area, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking to enter the market. The average household size can be inferred as roughly 2.8 people, suggesting a mix of families and smaller households that contribute to a balanced community dynamic.

Income & Housing Costs

One of the standout features of ZIP 55424 is its high median household income, which stands at an impressive $241,875 in 2023. This figure points to a prosperous area with significant purchasing power, appealing to businesses and investors alike. Housing costs align with this affluence: the median house value is $959,800, indicating a premium real estate market that could offer strong long-term value for buyers and investors. For renters, the median rent is $1,786 per month, which, while substantial, reflects the quality and desirability of the area. These numbers suggest that ZIP 55424 is a high-end market, ideal for those with the budget to match.

Race & Ethnicity

The demographic makeup of ZIP 55424 shows a predominantly white population at 85.05%, with smaller percentages of other racial and ethnic groups. Asian residents make up 4.49% of the population, while Hispanic individuals account for 1.85%, and Black residents represent 0.77%. This composition indicates a relatively homogenous community, which may influence the cultural and social environment. For businesses and investors, understanding this demographic breakdown can help tailor services, marketing, or property offerings to align with the community’s needs and preferences.

Key Facts

• Total population in ZIP 55424: 10,373 residents as of 2023.
• Total households: 3,658, supporting a stable residential community.
• Total housing units: 3,845, with a small surplus over occupied homes.
• Median household income: $241,875, reflecting significant local wealth.
• Median house value: $959,800, indicative of a premium real estate market.
• Median rent: $1,786 per month, aligning with the area’s high-end status.
• Racial composition: 85.05% white, 4.49% Asian, 1.85% Hispanic, 0.77% Black.

What This Means for You

For homebuyers, ZIP 55424 offers a prestigious address with high property values, ideal if you’re seeking a long-term investment or a family-friendly environment backed by a median income of over $240,000. Be prepared for a competitive market, as the median home price of nearly $960,000 reflects strong demand. For real estate investors and agents, the slight surplus of housing units (3,845 total vs. 3,658 households) may present opportunities for rentals or flips, especially given the area’s affluent demographic and high rental rates averaging $1,786 monthly. For small-business owners, the high median income suggests a customer base with disposable income, making this an attractive spot for premium goods or services—though operating costs, including rent, will likely be steep. For analysts, these metrics highlight ZIP 55424 as a stable, high-value market with limited diversity, which could shape future growth or investment strategies.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55424? Start by visiting ZipcodeGPT for a user-friendly platform to analyze any ZIP code.
• Input your target ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.