ZIP 55427 - 860Z200US55427 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55427, 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 provide a foundation for understanding the area’s potential.

Population & Households

ZIP 55427 is home to a population of 24,667 residents as of 2023. This community supports 10,656 households, indicating a mix of family and individual living arrangements. The total number of housing units stands at 10,788, suggesting a slight surplus of available homes relative to occupied households. This balance could point to opportunities for buyers or renters looking for options in a moderately sized suburban area near a major urban hub.

Income & Housing Costs

The median household income in ZIP 55427 is $92,013, reflecting a solid economic base for many residents. This income level positions the area as attractive for families and professionals seeking affordability with access to urban amenities. On the housing front, the median house value is $341,700, which aligns with the income demographics and suggests a stable real estate market. For renters, the median rent is $1,443 per month, offering a more accessible entry point for those not ready to buy. These figures provide a benchmark for assessing affordability and investment potential in the area.

Race & Ethnicity

The racial and ethnic composition of ZIP 55427 shows a predominantly white population at 70.26%, with significant representation from other groups. Black residents make up 12.81% of the population, while Asian residents account for 3.58%. Additionally, 6.24% of the population identifies as Hispanic. This diversity contributes to a varied cultural landscape, which can be a draw for businesses and families seeking an inclusive community near a metropolitan center.

Key Facts

• Total population: 24,667 residents in 2023.
• Total households: 10,656, supporting a mix of family and solo living.
• Total housing units: 10,788, indicating slight availability of unoccupied homes.
• Median household income: $92,013, reflecting economic stability.
• Median house value: $341,700, suggesting a balanced real estate market.
• Median rent: $1,443 per month, offering rental affordability.
• Racial composition: 70.26% white, 12.81% black, 3.58% Asian, 6.24% Hispanic.

What This Means for You

For homebuyers, ZIP 55427 offers a promising mix of affordability and value with a median home price of $341,700 and a median income that supports a comfortable lifestyle. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents might find potential in this stable market, where home values and rental rates ($1,443 median rent) suggest consistent demand, especially given the area’s proximity to Minneapolis. Small-business owners can benefit from a diverse customer base of over 24,000 residents and a median income that supports discretionary spending. The cultural diversity also opens doors for niche markets or services catering to varied demographics. Lastly, analysts can use these metrics as a baseline for deeper studies into suburban growth trends near major cities.

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