ZIP 55435 - 860Z200US55435 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55435, located in the heart of Minnesota’s Twin Cities metro area, this demographic and housing snapshot offers a clear picture of the community. Based on 2023 data, we’ll break down key metrics like 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 home purchase or evaluating market potential, these insights provide a solid foundation for understanding this vibrant area.

Population & Households

ZIP 55435 is home to a population of 13,698 residents, making it a moderately sized community within the broader metro region. These individuals are distributed across 7,529 households, reflecting a mix of family units, singles, and retirees. With 8,218 total housing units in the area, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in this area. This balance between population and housing suggests a stable community with room for growth or transition.

Income & Housing Costs

The median household income in ZIP 55435 stands at $75,829, positioning it as a relatively affluent area compared to national averages. This income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median house value is $340,600, reflecting a competitive real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,716 per month, indicating a premium rental market that aligns with the area’s income and property values. These figures suggest that while costs are higher, the economic stability of residents could support sustained demand for housing and services.

Race & Ethnicity

The demographic makeup of ZIP 55435 is predominantly White, with 74.51% of the population identifying as such. Other notable groups include Asian residents at 8.96%, Black residents at 6.38%, and Hispanic or Latino individuals at 6.26%. This diversity, while not as pronounced as in some urban centers, adds a layer of cultural richness to the community. For businesses and investors, understanding this composition can help tailor services or marketing strategies to resonate with the local population, while homebuyers may appreciate the blend of perspectives in the neighborhood.

Key Facts

• Total population: 13,698 residents in 2023.
• Total households: 7,529, indicating a mix of family and individual living arrangements.
• Total housing units: 8,218, suggesting some availability for new occupants.
• Median household income: $75,829, reflecting economic stability.
• Median house value: $340,600, pointing to a strong real estate market.
• Median rent: $1,716, indicative of a premium rental environment.
• Racial composition: 74.51% White, 8.96% Asian, 6.38% Black, 6.26% Hispanic.

What This Means for You

For homebuyers, ZIP 55435 offers a stable, higher-income community with median home values at $340,600. The slight surplus of housing units (8,218 total versus 7,529 households) could mean less competition for properties, but the price point suggests you’ll need a solid budget or financing plan. Real estate investors and agents might find opportunity in the area’s economic strength and rental rates of $1,716 per month, which could yield attractive returns on rental properties or flips, especially given the median income of $75,829 supporting tenant affordability. Small-business owners can leverage the diverse, moderately sized population of 13,698 and their disposable income to target products or services that cater to a predominantly White but culturally varied demographic. Analysts can use these metrics to benchmark ZIP 55435 against neighboring areas for deeper market studies or trend analysis. Across all groups, the data points to a community with strong fundamentals for living, investing, or operating a business.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55435? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic and housing data.
• Input any ZIP code to access up-to-date metrics on population, income, housing, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.