ZIP 55430 - 860Z200US55430 — Demographic Snapshot (2023)

Overview

If you’re considering ZIP code 55430 for your next home, investment property, or business location, understanding the local 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 homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, this snapshot provides a clear picture of population trends, income levels, housing costs, and cultural composition to help you make informed decisions.

Population & Households

ZIP 55430 is home to a population of 22,569 residents, making it a moderately sized community within the broader metro region. These individuals are distributed across 7,916 households, reflecting a mix of family and individual living arrangements. With 8,098 total housing units in the area, there’s a small buffer of available properties, suggesting a relatively tight housing market. For those looking to settle or invest here, this balance of population and housing indicates a stable yet competitive environment.

Income & Housing Costs

The median household income in ZIP 55430 stands at $77,385, which offers a solid economic foundation for residents and potential business customers. Housing costs align with this income level, with a median house value of $243,800—affordable compared to many urban markets in the region. For renters, the median rent is $1,370 per month, reflecting a significant but manageable cost for those not ready to buy. These figures suggest that ZIP 55430 could be an attractive option for first-time homebuyers or investors seeking value, while also supporting businesses targeting middle-income consumers.

Race & Ethnicity

One of the standout features of ZIP 55430 is its diverse population, which enriches the cultural fabric of the area. The racial and ethnic composition breaks down as follows: 33.41% White, 29.4% Black, 16.12% Asian, and 15.26% Hispanic. This mix creates a vibrant community that can appeal to a wide range of residents and business owners. For small businesses, this diversity offers opportunities to cater to varied cultural preferences and needs, while homebuyers may appreciate the inclusive atmosphere.

Key Facts

• Total population: 22,569 residents in 2023.
• Total households: 7,916, indicating a mix of family and solo living.
• Total housing units: 8,098, with limited vacancy suggesting demand.
• Median household income: $77,385, supporting a middle-income lifestyle.
• Median house value: $243,800, accessible for many buyers.
• Median rent: $1,370, a notable but reasonable cost for renters.
• Diverse demographics: White (33.41%), Black (29.4%), Asian (16.12%), Hispanic (15.26%).

What This Means for You

For homebuyers, ZIP 55430 presents an opportunity to enter a market with a median home value of $243,800, which is within reach for many, especially first-time buyers. The diverse community and stable household income levels suggest a welcoming and economically sound area to put down roots. Investors and real estate agents should note the tight housing supply (just over 8,000 units for nearly 8,000 households), which could drive future appreciation or rental demand, particularly with a median rent of $1,370. This balance indicates potential for steady returns on investment properties.

For small-business owners, the demographic diversity and median income of $77,385 signal a customer base with varied needs and disposable income. Whether you’re opening a retail shop, restaurant, or service-based business, tailoring offerings to this multicultural population could yield strong community support. Finally, analysts can use these metrics as a baseline to track trends in housing affordability, population growth, or economic shifts in ZIP 55430, providing valuable insights for broader market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55430? 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 plan—empower yourself with the right information.