ZIP 55811 - 860Z200US55811 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55811, located in the Duluth area of Minnesota, this demographic and housing snapshot offers a clear picture of the community. With data from 2023, we’ll break down population stats, household dynamics, income levels, housing costs, and racial composition. Whether you’re a homebuyer, real estate investor, agent, small-business owner, or analyst, these insights will help you make informed decisions about this area.

Population & Households

ZIP 55811 is home to a population of 27,907 residents, making it a moderately sized community with a stable residential base. This area supports 11,092 households, reflecting a mix of family and individual living arrangements. With 11,640 total housing units, there’s a slight surplus of available homes compared to occupied households, which could indicate opportunities for buyers or renters looking to settle in the area. This balance suggests a community with room for growth while maintaining a comfortable density for residents and businesses alike.

Income & Housing Costs

The median household income in ZIP 55811 stands at $77,877, pointing to a relatively affluent community with solid earning potential. This income level supports a strong local economy, which can be a draw for small businesses and investors looking for consumer spending power. On the housing front, the median home value is $299,300, reflecting a competitive yet accessible market for buyers in the region. For renters, the median rent is $1,339 per month, which aligns with the area’s income levels and suggests a balanced rental market. These figures provide a benchmark for assessing affordability and investment potential in this ZIP code.

Race & Ethnicity

The demographic makeup of ZIP 55811 is predominantly White, with 91.48% of the population identifying as such. Other groups include Black residents at 1.22%, Asian residents at 1.65%, and Hispanic or Latino individuals at 2.01%. This composition indicates a largely homogeneous community, which may influence cultural dynamics, local business offerings, and community engagement. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the area’s primary demographic while considering opportunities to serve smaller, diverse segments.

Key Facts

• Total population: 27,907 residents, offering a sizable market for businesses and services.
• Total households: 11,092, indicating a strong base of potential customers or clients.
• Total housing units: 11,640, with a small surplus suggesting availability for new residents.
• Median household income: $77,877, reflecting a financially stable community.
• Median home value: $299,300, positioning this as a competitive housing market.
• Median rent: $1,339, providing a benchmark for rental investments or affordability.
• Racial majority: 91.48% White, with smaller percentages of other ethnic groups.

What This Means for You

For homebuyers, ZIP 55811 offers a promising market with a median home value of $299,300, which is attainable for many given the median household income of $77,877. The slight surplus of housing units could mean less competition when searching for a property. Real estate investors and agents will find value in the stable income levels and home prices, suggesting potential for steady appreciation and demand. The rental market, with a median rent of $1,339, also presents opportunities for consistent returns on investment properties. Small-business owners can leverage the area’s population of nearly 28,000 and strong median income to target a reliable customer base, particularly in sectors like retail, dining, or professional services. Analysts can use this data to track trends in housing availability and demographic shifts, especially given the area’s predominantly White population with smaller diverse groups that may grow over time. Across all groups, ZIP 55811 stands out as a balanced, opportunity-rich community.

Run This Study Yourself

• Want to dive deeper into ZIP 55811 or compare it with another area? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions, whether you’re buying a home, investing, or planning a business venture.