ZIP 55443 - 860Z200US55443 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 55443, located in the Minneapolis-St. Paul metro area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of over 33,000 and a diverse cultural makeup, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Drawing from the latest data, this article breaks down key metrics on population, income, housing, and ethnicity to help you make informed decisions.

Population & Households

ZIP 55443 is home to 33,318 residents, making it a moderately sized community with a vibrant local presence. These individuals are distributed across 11,883 households, reflecting a mix of family structures and living arrangements. The total number of housing units stands at 12,275, indicating a slight surplus of available homes compared to occupied households. This balance suggests potential opportunities for buyers or renters looking to settle in the area, as well as for investors eyeing vacant properties.

Income & Housing Costs

The median household income in ZIP 55443 is $88,220, a figure that positions the area as a relatively affluent community within the broader region. This income level supports a stable local economy, which can be attractive for businesses and investors. On the housing front, the median home value is $346,200, reflecting a robust real estate market that may appeal to buyers seeking long-term value or investors looking for appreciation potential. For renters, the median rent is $1,306 per month, which aligns with the income levels and suggests a manageable cost of living for many residents.

Race & Ethnicity

ZIP 55443 stands out for its diverse population, which enriches the cultural fabric of the community. The racial composition includes 40.12% White, 30.07% Black, 19.21% Asian, and 3.83% Hispanic residents, with the remainder comprising other or mixed-race individuals. This diversity can be a significant draw for families and businesses seeking an inclusive environment, as well as for investors who value markets with broad appeal across different demographic groups.

Key Facts

• Total population: 33,318 residents in ZIP 55443 as of 2023.
• Total households: 11,883, indicating a mix of family and individual living arrangements.
• Total housing units: 12,275, with a small surplus of available properties.
• Median household income: $88,220, supporting a stable local economy.
• Median home value: $346,200, reflecting a strong real estate market.
• Median rent: $1,306, offering a balanced rental cost for many residents.
• Diverse community: 40.12% White, 30.07% Black, 19.21% Asian, and 3.83% Hispanic.

What This Means for You

For homebuyers, ZIP 55443 offers a promising market with a median home value of $346,200, suggesting potential for long-term investment growth, especially given the area’s solid median income of $88,220. The slight surplus of housing units (12,275 total) compared to households (11,883) may also mean less competition for available properties. Real estate investors and agents can capitalize on this balance, targeting vacant units or rental opportunities, with median rents at $1,306 providing a steady income stream. Small-business owners will find a diverse and relatively affluent customer base, ideal for businesses catering to varied cultural needs or family-oriented services. Analysts can use these metrics to benchmark ZIP 55443 against neighboring areas, identifying trends in housing demand or economic stability. Whether you’re buying, investing, or building a business, this area’s demographics point to a community with strong potential.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55443? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, housing, income, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.