ZIP 55449 - 860Z200US55449 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55449, located in the vibrant Minneapolis-St. Paul metro area, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ve compiled key metrics on population, income, housing costs, and diversity to help homebuyers, real estate investors, small-business owners, and analysts make informed decisions. Let’s dive into what makes ZIP 55449 unique and how its characteristics can align with your goals.

Population & Households

ZIP 55449 is home to a substantial population of 33,367 residents, reflecting a thriving and active community. This area supports 11,367 households, indicating a strong residential base that could appeal to businesses and service providers. The total number of housing units stands at 11,824, suggesting a slight surplus of available properties compared to occupied households. For homebuyers or investors, this could mean opportunities to find a property in a well-populated area with room for growth.

Income & Housing Costs

One of the standout metrics for ZIP 55449 is its median household income of $128,750, which points to a relatively affluent community. This higher income level can translate into greater purchasing power, making the area attractive for small businesses targeting mid-to-upper-income customers. On the housing front, the median home value is $422,600, reflecting a robust real estate market. For renters, the median rent is $1,723 per month, which aligns with the area’s higher cost of living but also suggests a demand for quality rental properties. These figures position ZIP 55449 as a premium location for both living and investing.

Race & Ethnicity

The demographic makeup of ZIP 55449 offers a glimpse into its cultural diversity. The population is predominantly White at 72.68%, with notable representation from other groups: Black residents make up 8.75%, Asian residents account for 9.87%, and Hispanic or Latino individuals comprise 4.06%. This diversity can be a draw for businesses and families seeking an inclusive community, while also providing investors with insights into the varied needs and preferences of potential customers or tenants.

Key Facts

• Total population: 33,367, indicating a sizable and dynamic community.
• Total households: 11,367, supporting a strong residential foundation.
• Total housing units: 11,824, with a small surplus of available properties.
• Median household income: $128,750, reflecting significant local affluence.
• Median home value: $422,600, signaling a strong real estate market.
• Median rent: $1,723, indicative of demand for quality rentals.
• Diverse population: 72.68% White, 9.87% Asian, 8.75% Black, and 4.06% Hispanic.

What This Means for You

For homebuyers, ZIP 55449 offers a prosperous community with a median home value of $422,600, ideal for those seeking a long-term investment in a high-income area. The slight surplus of housing units (11,824 vs. 11,367 households) may provide some negotiating room, though competition could still be stiff given the area’s appeal. Real estate investors and agents will find a lucrative market here, with strong home values and rental demand (median rent of $1,723) suggesting solid returns on both single-family homes and rental properties. Small-business owners can capitalize on the area’s $128,750 median household income, targeting a clientele with disposable income for premium goods and services. Analysts studying market trends will appreciate the diversity (e.g., 9.87% Asian, 8.75% Black) and population size (33,367), which point to a multifaceted consumer base. Whether you’re buying, investing, or building a business, ZIP 55449 presents a compelling mix of stability and opportunity.

Run This Study Yourself

• Curious about other areas or want to dive deeper into ZIP 55449? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.