ZIP 55902 - 860Z200US55902 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55902, located in the Rochester, Minnesota area, this demographic and housing snapshot offers a clear picture of the community in 2023. With a population of nearly 26,000 and a robust median household income, this area presents unique opportunities for homebuyers, real estate investors, small-business owners, and analysts. Let’s break down the key metrics to help you understand what makes ZIP 55902 stand out.

Population & Households

ZIP 55902 is home to 25,988 residents, making it a moderately sized community with a strong local presence. These individuals are distributed across 11,330 households, reflecting a mix of family and individual living arrangements. With 11,954 total housing units in the area, there’s a slight surplus of homes compared to occupied 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 55902 is its strong economic profile. The median household income here is $111,879, suggesting a financially stable community with significant purchasing power. This income level supports a competitive housing market, where the median house value stands at $430,100. For renters, the median monthly rent is $1,580, which aligns with the area’s higher cost of living but also reflects access to quality housing options. These figures position ZIP 55902 as an attractive location for those seeking both value and opportunity in their housing decisions.

Race & Ethnicity

The demographic makeup of ZIP 55902 offers insight into its cultural diversity. The population is predominantly White at 74.94%, with notable representation from Asian residents at 11.47%. Hispanic or Latino individuals account for 7.08% of the population, while Black residents make up 2.13%. This diversity contributes to a vibrant community fabric, appealing to those who value a mix of cultural perspectives in their neighborhood or customer base.

Key Facts

• Total population: 25,988 residents in ZIP 55902 as of 2023.
• Total households: 11,330, indicating a strong residential base.
• Total housing units: 11,954, with some potential vacancy for new occupants.
• Median household income: $111,879, reflecting economic strength.
• Median house value: $430,100, a significant investment opportunity.
• Median rent: $1,580 per month, competitive for the area’s amenities.
• Racial diversity: 74.94% White, 11.47% Asian, 7.08% Hispanic, 2.13% Black.

What This Means for You

For homebuyers, ZIP 55902 offers a financially stable community with a median home value of $430,100, ideal for those looking to invest in a property with strong long-term potential. The slight surplus of housing units may provide negotiating power in a competitive market. Real estate investors and agents will find opportunity in the area’s high median income and diverse population, which can support rental demand at a median rate of $1,580 per month. The diversity and size of the population also suggest a steady pool of potential tenants or buyers.

For small-business owners, the economic strength of ZIP 55902, with a median household income over $111,000, indicates a customer base with disposable income. Whether you’re opening a retail store, restaurant, or service-based business, the area’s diversity and population of nearly 26,000 provide a solid foundation for growth. Analysts can use these metrics to benchmark ZIP 55902 against neighboring areas, identifying trends in housing availability, income distribution, and demographic shifts for deeper market insights.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55902? 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 informed decisions for your home purchase, investment, or business strategy with confidence.