ZIP 55446 - 860Z200US55446 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55446, located in the Plymouth area of Minnesota, this demographic and housing snapshot offers a clear picture of the community in 2023. With a robust population, high median income, and substantial home values, this area stands out as a desirable location for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the key metrics to help you understand what makes ZIP 55446 unique and whether it aligns with your goals.

Population & Households

ZIP 55446 is home to a thriving community of 27,627 residents as of 2023. This sizable population supports a dynamic local economy and offers a strong customer base for businesses. The area comprises 10,539 households, reflecting a mix of family units, singles, and professionals who contribute to the community’s vibrancy. With 10,852 total housing units, there’s a slight surplus of homes compared to households, which could indicate availability for new residents or investors looking to enter the market.

Income & Housing Costs

One of the standout features of ZIP 55446 is its impressive median household income of $169,412. This figure suggests a high-earning population with significant purchasing power, making the area attractive for businesses targeting affluent customers. On the housing front, the median home value stands at $559,100, reflecting a premium real estate market that could offer strong appreciation potential for investors. For renters, the median rent is $1,932 per month, indicating a competitive rental market that caters to those seeking quality housing without committing to a purchase.

Race & Ethnicity

The demographic makeup of ZIP 55446 showcases a diverse yet predominantly white population, with 65.41% identifying as white. The Asian community is notably significant at 19.87%, adding cultural richness to the area. Black residents account for 4.08%, while 2.86% identify as Hispanic. This diversity can be a draw for businesses and residents who value an inclusive environment, and it offers opportunities for culturally tailored services or products in the community.

Key Facts

• Total population: 27,627 residents, providing a substantial local market.
• Total households: 10,539, indicating a strong residential base.
• Total housing units: 10,852, suggesting potential availability for new occupants.
• Median household income: $169,412, reflecting high earning potential.
• Median home value: $559,100, pointing to a premium housing market.
• Median rent: $1,932, indicative of a competitive rental landscape.
• Racial composition: 65.41% white, 19.87% Asian, 4.08% Black, 2.86% Hispanic, showcasing diversity.

What This Means for You

For homebuyers, ZIP 55446 offers a high-quality living environment with access to a prosperous community, though the median home value of $559,100 means you’ll need to budget for a premium price tag. The slight surplus of housing units could provide some negotiation leverage if inventory remains available. Real estate investors and agents will find the high median income and home values promising for long-term appreciation and rental income potential, especially with median rents at $1,932. However, competition may be stiff given the affluent demographic.

For small-business owners, the population of over 27,000 and a median household income of $169,412 signal a market with disposable income for goods and services. Targeting niche markets, especially those appealing to diverse groups like the significant Asian population, could yield strong returns. Analysts can use these metrics to benchmark ZIP 55446 against neighboring areas, identifying trends in income growth, housing demand, or demographic shifts that influence future opportunities.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55446? 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 informed decisions, whether you’re buying a home, investing, or planning a business venture in the area.