ZIP 55429 - 860Z200US55429 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55429 for your next home, investment property, or business location, understanding the area’s demographics and housing landscape is essential. Located in the Minneapolis-St. Paul metro area, this ZIP code offers a diverse community and a range of opportunities for different stakeholders. Using the latest 2023 data, this snapshot provides a clear picture of population trends, 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 ZIP 55429.

Population & Households

ZIP 55429 is home to a population of 27,570 residents, making it a moderately sized community within the broader metro region. This area supports 10,140 households, reflecting a mix of family and individual living arrangements. With 10,529 total housing units, 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. These numbers suggest a stable community with room for growth, appealing to those seeking a balance between urban access and suburban feel.

Income & Housing Costs

The median household income in ZIP 55429 stands at $66,661, positioning it as a middle-income area with reasonable earning potential for residents. For homebuyers and investors, the median house value of $267,900 offers a relatively accessible entry point compared to pricier nearby markets, while still holding potential for appreciation. Renters in this ZIP code face a median rent of $1,253 per month, which aligns with the income levels and suggests a viable rental market for landlords. These figures highlight ZIP 55429 as a practical choice for those balancing affordability with opportunity.

Race & Ethnicity

ZIP 55429 stands out for its diverse population, a key draw for those valuing cultural variety in their community or customer base. The racial composition breaks down as follows: Black residents make up 34.25%, slightly edging out White residents at 33.84%. Asian individuals account for 15.28% of the population, while Hispanic or Latino residents comprise 11.24%. This mix creates a vibrant, multicultural environment that can benefit businesses catering to varied demographics and families seeking inclusive neighborhoods.

Key Facts

• Total population in ZIP 55429: 27,570 residents.
• Total households: 10,140, with 10,529 housing units available.
• Median household income: $66,661, reflecting a middle-income community.
• Median house value: $267,900, offering affordability in the metro area.
• Median rent: $1,253 per month, supporting a stable rental market.
• Diverse racial makeup: 34.25% Black, 33.84% White, 15.28% Asian, 11.24% Hispanic.

What This Means for You

For homebuyers, ZIP 55429 presents an affordable opportunity with a median house value of $267,900, well-suited for first-time buyers or those looking to settle in a diverse, established community. The slight surplus of housing units may give you negotiating power in a less competitive market. Investors and real estate agents will find potential in both the purchase and rental markets, as the median rent of $1,253 supports steady cash flow, and the area’s growth potential could drive future value increases. Small-business owners can leverage the area’s diversity—over 60% of residents are non-White—to tailor products or services to a wide audience, while the population size ensures a solid local customer base. Analysts can use these metrics to benchmark ZIP 55429 against neighboring areas, identifying trends in housing demand or demographic shifts. Across all groups, this ZIP code offers a balanced mix of affordability, diversity, and opportunity.

Run This Study Yourself

• Curious about diving deeper into ZIP 55429 or comparing it with other areas? 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 costs, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your home purchase, investment strategy, or business planning.