| ZIP Code | 55340 |
|---|---|
| City | Hamel |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 763 |
| Elevation | 992 ft |
| Latitude | 45.078263 |
|---|---|
| Longitude | -93.572118 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.4 yrs |
|---|---|
| Avg Household Size | 2.89 |
| Below Poverty | 1.2% ▼ 88% below avg |
| College Grads | 70.5% ▲ 82% above avg |
| Unemployment | 2.2% ▼ 54% below avg |
| No HS Diploma | 16 (0.3%) |
| HS Graduate | 872 (14.1%) |
| Some College | 302 (4.9%) |
| Associates | 639 (10.3%) |
| Bachelors | 524 (8.5%) |
| Graduate Degree | 3,843 (62%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $174,120 ▲ 128% above avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $607,600 ▲ 118% above avg ↑ 27% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,431/mo ↓ 4% since 2019 |
| Total Units | 3,418 |
| Vacant Units | 42 |
| Avg HH Size | 2.89 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,418 |
|---|---|
| Vacant | 42 |
| Owner Occupied | 93.0% |
| Renter Occupied | 7.0% |
| Avg HH Size | 2.89 |
ZIP code 55340 is located in Hamel, Minnesota, within Hennepin County. With a population of 9,776, this is a lightly populated ZIP code with a middle-aged community — the median age is 38.4 years. Economically, 55340 is a affluent ZIP code: the median household income of $174,120 is more than double the national average.
Real estate in ZIP code 55340 represents a premium housing market. The median home value of $607,600 is more than double the national average. Renters can expect to pay around $1,431 per month in median rent. Homeownership is strong here — 93.0% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 27% since 2019.
The population of 55340 is primarily White (77.28%). Residents are highly educated — 70.5% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 1.2%. Household income has grown by 30% since 2019.
The unemployment rate in 55340 stands at 2.2%, which is well below the national average. A notably high share of workers — 36% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 57%.
Overall, ZIP code 55340 in Hamel, MN is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 9,776 residents, a median household income of $174,120, and a median home value of $607,600, it offers a clear picture of life in this part of Minnesota.