ZIP 55426 - 860Z200US55426 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55426 for your next home, investment, or business venture, this demographic and housing snapshot offers a clear picture of what to expect. Located in the Minneapolis-St. Paul metro area, this ZIP code covers parts of St. Louis Park, Minnesota, and reflects a vibrant, suburban 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 will guide your next steps in understanding ZIP 55426.

Population & Households

ZIP 55426 is home to a population of 25,451 residents as of 2023, making it a moderately sized suburban area with a strong community feel. This population is distributed across 11,691 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 12,099, suggesting a slight surplus of available homes or apartments relative to occupied households. This balance could mean opportunities for buyers or renters looking to settle in the area, as well as potential inventory for investors to consider.

Income & Housing Costs

Financially, ZIP 55426 stands out with a median household income of $96,887, which is notably higher than many national averages. This suggests a relatively affluent community with disposable income to support local businesses and sustain a strong housing market. Speaking of housing, the median home value in this area is $345,000, reflecting a competitive yet accessible market for suburban Minneapolis. For renters, the median rent is $1,512 per month, indicating a significant cost for leasing but one that aligns with the area’s income levels. These figures point to a stable economic environment for both residents and investors.

Race & Ethnicity

The demographic makeup of ZIP 55426 offers a glimpse into its cultural diversity. The population is predominantly White at 75.9%, with smaller but significant representation from other groups: Black residents make up 4.21%, Asian residents account for 5.74%, and Hispanic or Latino individuals comprise 5.99%. This diversity, while not as pronounced as in urban centers, still contributes to a varied community fabric, which can be a draw for families, businesses, and investors seeking inclusive environments.

Key Facts

• Total population: 25,451 residents in 2023, offering a suburban community scale.
• Total households: 11,691, reflecting a mix of family and solo living.
• Total housing units: 12,099, suggesting potential availability for new residents or investors.
• Median household income: $96,887, indicating strong earning power in the area.
• Median home value: $345,000, a competitive price point for suburban Minneapolis.
• Median rent: $1,512, aligning with the area’s income and housing market trends.
• Racial composition: 75.9% White, 4.21% Black, 5.74% Asian, 5.99% Hispanic, showing moderate diversity.

What This Means for You

For homebuyers, ZIP 55426 presents a compelling option with a median home value of $345,000 and a surplus of housing units. This could mean less competition in certain segments of the market, especially if you’re looking for a suburban setting with solid income demographics. Investors and real estate agents will find the slight gap between housing units and households intriguing, as it hints at potential rental or flip opportunities, especially with a median rent of $1,512 supporting steady cash flow. Small-business owners can take advantage of the area’s $96,887 median household income, which suggests residents have the means to support local shops, restaurants, or services. Analysts, meanwhile, can use these metrics to benchmark ZIP 55426 against neighboring areas for deeper market studies. Across all groups, the moderate diversity and stable population size create a balanced environment for growth and community engagement.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55426? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
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