| ZIP Code | 55345 |
|---|---|
| City | Minnetonka |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/651/763 |
| Elevation | 1,008 ft |
| Latitude | 44.915442 |
|---|---|
| Longitude | -93.48443 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.9 yrs ↓ 4% since 2019 |
|---|---|
| Avg Household Size | 2.51 |
| Below Poverty | 4.1% ▼ 59% below avg |
| College Grads | 71.3% ▲ 84% above avg |
| Unemployment | 1.9% ▼ 61% below avg |
| No HS Diploma | 259 (1.8%) |
| HS Graduate | 1,615 (11%) |
| Some College | 792 (5.4%) |
| Associates | 1,553 (10.6%) |
| Bachelors | 1,085 (7.4%) |
| Graduate Degree | 9,371 (63.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $143,287 ▲ 88% above avg ↑ 35% since 2019 |
|---|---|
| Median Home Value | $478,800 ▲ 72% above avg ↑ 31% since 2019 |
| Home/Income Ratio | 3.3x (nat avg ~3.5x) |
| Median Rent | $1,444/mo ↑ 12% since 2019 |
| Total Units | 8,834 |
| Vacant Units | 401 |
| Avg HH Size | 2.51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,834 |
|---|---|
| Vacant | 401 |
| Owner Occupied | 86.3% |
| Renter Occupied | 13.7% |
| Avg HH Size | 2.51 |
ZIP code 55345 is located in Minnetonka, Minnesota, within Hennepin County. With a population of 21,255, this is a moderately populated ZIP code with a middle-aged community — the median age is 43.9 years. Economically, 55345 is a upper-middle-income ZIP code: the median household income of $143,287 is significantly above the national average.
Real estate in ZIP code 55345 represents a premium housing market. The median home value of $478,800 is significantly above the national average. Renters can expect to pay around $1,444 per month in median rent. Homeownership is strong here — 86.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 31% since 2019.
The population of 55345 is primarily White (83.17%). Residents are highly educated — 71.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.1%. Household income has grown by 35% since 2019.
The unemployment rate in 55345 stands at 1.9%, which is well below the national average. A notably high share of workers — 28% — 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 63%.
Overall, ZIP code 55345 in Minnetonka, MN is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 21,255 residents, a median household income of $143,287, and a median home value of $478,800, it offers a clear picture of life in this part of Minnesota.