ZIP 55901 - 860Z200US55901 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55901, located in Rochester, Minnesota, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, robust household income, and diverse community, this ZIP code presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s dive into the numbers to help you understand what makes this area tick and how it aligns with your goals.

Population & Households

ZIP 55901 is home to a population of 58,260 residents as of 2023, making it a vibrant and active community. This population is distributed across 23,461 households, reflecting a strong residential base. Additionally, there are 24,852 total housing units in the area, indicating a slight surplus of available properties relative to occupied households. This balance could signal opportunities for buyers or investors looking to enter the market, as well as for businesses seeking to serve a stable population.

Income & Housing Costs

Financially, ZIP 55901 stands out with a median household income of $90,430, which suggests a relatively affluent community with disposable income to support local businesses and services. Housing costs align with this income level, with a median house value of $290,000. For renters, the median rent is $1,321 per month, reflecting a competitive rental market. These figures indicate that while homeownership is attainable for many, renting remains a significant portion of the housing landscape, offering options for diverse lifestyles and investment strategies.

Race & Ethnicity

The demographic makeup of ZIP 55901 showcases a diverse community with a range of cultural backgrounds. The racial composition includes 70.61% White, 11.75% Black, 7.61% Asian, and 5.45% Hispanic residents. This diversity can be a draw for businesses aiming to cater to varied customer bases and for families seeking an inclusive environment. Understanding this mix is also critical for investors and analysts assessing market needs and community dynamics in the area.

Key Facts

• Total population in ZIP 55901: 58,260 residents in 2023.
• Total households: 23,461, supporting a strong residential foundation.
• Total housing units: 24,852, suggesting potential availability for new occupants.
• Median household income: $90,430, indicating economic stability.
• Median house value: $290,000, reflecting a solid real estate market.
• Median rent: $1,321, pointing to a competitive rental sector.
• Racial diversity: 70.61% White, 11.75% Black, 7.61% Asian, 5.45% Hispanic.

What This Means for You

For homebuyers, ZIP 55901 offers a promising mix of affordability and value with a median home price of $290,000 and a healthy household income base. The slight surplus of housing units could mean less competition in certain segments of the market, giving you room to negotiate.

For investors and real estate agents, the combination of a stable population, diverse demographics, and a median rent of $1,321 suggests potential for rental property investments or flipping opportunities. The income levels also indicate that residents can support higher-end property developments or renovations.

For small-business owners, the population size and diversity, coupled with a strong median income of $90,430, point to a customer base with purchasing power and varied needs. Whether you’re opening a retail store, restaurant, or service-based business, this ZIP code could provide a receptive market.

For analysts, these metrics offer a foundation for deeper research into economic trends, housing demand, and community growth in ZIP 55901. The data highlights a balanced and dynamic area worth monitoring for future opportunities.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55901? Start by visiting ZipcodeGPT to access powerful demographic and housing analysis tools.
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• Use the insights to make informed decisions about where to live, invest, or grow your business with confidence.