ZIP 55912 - 860Z200US55912 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 55912, located in the heart of Minnesota, this demographic and housing snapshot offers a clear picture of the area. With a population of nearly 30,000 and a diverse community, this ZIP code presents a mix of opportunities for homebuyers, real estate investors, small-business owners, and analysts. Using the latest 2023 data, we’ll break down key metrics on population, income, housing, and racial composition to help you make informed decisions.

Population & Households

ZIP 55912 is home to 29,438 residents, making it a moderately sized community with a stable population base. These individuals are distributed across 11,373 households, reflecting a variety of family structures and living arrangements. The total number of housing units stands at 12,443, indicating some availability of vacant or seasonal properties. This balance between population and housing suggests a community with room for growth, whether you’re looking to settle down or invest in property.

Income & Housing Costs

The median household income in ZIP 55912 is $68,205, which points to a solid economic foundation for many residents. This income level supports a comfortable lifestyle relative to the area’s cost of living, particularly when paired with housing costs. The median home value here is $161,800, offering an accessible entry point for homebuyers compared to national averages in many urban markets. For renters, the median rent is $864 per month, making this ZIP code a viable option for those not ready to buy. These figures suggest affordability and potential for value appreciation, especially for investors eyeing long-term returns.

Race & Ethnicity

ZIP 55912 boasts a diverse community, with a racial and ethnic composition that reflects a blend of backgrounds. The population is 67.03% White, 16.43% Hispanic, 7.52% Asian, and 4.76% Black, with the remainder identifying as other or multiracial. This diversity can be a draw for businesses seeking a broad customer base or families looking for an inclusive environment. It also signals a culturally rich area where different perspectives and traditions contribute to community life.

Key Facts

• Total population: 29,438 residents, offering a sizable yet manageable community.
• Total households: 11,373, reflecting a mix of family and individual living arrangements.
• Total housing units: 12,443, with some availability for new residents or investors.
• Median household income: $68,205, indicating a stable economic base.
• Median home value: $161,800, an accessible price point for many buyers.
• Median rent: $864, providing affordable options for renters.
• Racial diversity: 67.03% White, 16.43% Hispanic, 7.52% Asian, 4.76% Black, fostering a multicultural environment.

What This Means for You

For homebuyers, ZIP 55912 offers a promising mix of affordability and community diversity. With a median home value of $161,800, you can find properties that fit a range of budgets, while the median income of $68,205 suggests neighbors with stable finances. The diversity in the area also means a welcoming environment for families of varied backgrounds.

For investors and real estate agents, the gap between total housing units (12,443) and households (11,373) hints at opportunities for rental properties or future development. The reasonable median home value and rent prices indicate potential for steady returns, especially as the area grows.

For small-business owners, the population of nearly 30,000 and diverse demographic makeup provide a robust customer base. Whether you’re opening a retail store, restaurant, or service-based business, the income levels and cultural variety in ZIP 55912 can support tailored offerings that resonate with local needs.

For analysts, these metrics offer a baseline for deeper research into economic trends, housing demand, or community development. The data reflects a balanced area with potential for growth across multiple sectors.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 55912? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access detailed reports on population, income, housing, and more, tailored to your needs.
• Use the insights to make data-driven decisions for your next home purchase, investment, or business venture.