ZIP 55987 - 860Z200US55987 — Demographic Snapshot (2023)

Overview

If you're considering a move, investment, or business opportunity in ZIP 55987, understanding the local demographics and housing landscape is essential. Located in a vibrant area, this ZIP code offers a mix of residential stability and economic potential. With a population of over 33,000 and a median household income of $62,171, this region presents opportunities for homebuyers, real estate investors, small-business owners, and analysts alike. In this detailed snapshot, we break down the 2023 data to provide actionable insights into population trends, income levels, housing costs, and racial composition for ZIP 55987.

Population & Households

As of 2023, ZIP 55987 is home to 33,911 residents, making it a moderately sized community with a strong residential base. This population is distributed across 14,363 households, indicating an average household size of roughly 2.4 people. The total number of housing units stands at 15,312, suggesting a small surplus of available homes or rentals relative to occupied households. This balance could signal opportunities for buyers or investors looking for properties in a stable market.

Income & Housing Costs

The median household income in ZIP 55987 is $62,171, reflecting a solid economic foundation for many residents. This income level supports a housing market where the median home value is $211,400—a figure that positions the area as relatively affordable compared to national averages in many urban markets. For renters, the median monthly rent is $856, offering a cost-effective alternative to homeownership. These metrics suggest that ZIP 55987 could be an attractive option for first-time buyers or investors seeking value in a growing community.

Race & Ethnicity

The demographic makeup of ZIP 55987 is predominantly White, with 88.75% of the population identifying as such. Other racial and ethnic groups include Black residents at 2.48%, Asian residents at 2.11%, and Hispanic or Latino individuals at 3.92%. This composition indicates a largely homogeneous community with smaller, yet notable, diverse populations. For businesses and investors, understanding this breakdown can help tailor services or marketing strategies to the area's cultural landscape.

Key Facts

• Total population: 33,911 residents in ZIP 55987 as of 2023.
• Total households: 14,363, with an average household size of about 2.4 people.
• Total housing units: 15,312, indicating a slight surplus of available properties.
• Median household income: $62,171, supporting a stable local economy.
• Median home value: $211,400, offering affordability for many buyers.
• Median rent: $856 per month, a competitive rate for renters.
• Racial composition: 88.75% White, 2.48% Black, 2.11% Asian, 3.92% Hispanic.

What This Means for You

For homebuyers, ZIP 55987 offers a promising mix of affordability and community size. With a median home value of $211,400 and reasonable rental rates at $856 per month, this area could be ideal for families or individuals seeking a cost-effective place to settle. The slight surplus of housing units (15,312 total versus 14,363 households) may also mean less competition when searching for a property.

Real estate investors and agents will find value in the stable demographics and income levels of ZIP 55987. The median household income of $62,171 suggests residents have the financial capacity to support rental or purchase agreements, while the housing surplus could indicate room for strategic investments or flips. Monitoring vacancy trends will be key to maximizing returns.

Small-business owners can leverage the area's population of 33,911 and predominantly White demographic (88.75%) to tailor offerings that resonate with the majority while also considering niche markets among smaller ethnic groups. The income level supports moderate consumer spending, making this a viable location for retail or service-based ventures.

Analysts and researchers can use this data as a baseline for deeper studies into economic trends, housing demand, or community development in ZIP 55987. The balance of income, housing costs, and population size offers a snapshot of a stable, mid-sized market worth exploring further.

Run This Study Yourself

• Visit ZipcodeGPT to access powerful tools for demographic and housing analysis.
• Enter any ZIP code, including 55987, to generate a customized report with the latest data.
• Use the insights to make informed decisions for buying, investing, or starting a business in your target area.