| ZIP Code | 55403 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/763/952 |
| Elevation | 836 ft |
| Latitude | 44.969923 |
|---|---|
| Longitude | -93.284253 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.3 yrs |
|---|---|
| Avg Household Size | 1.41 |
| Below Poverty | 15.1% ▲ 51% above avg |
| College Grads | 66.8% ▲ 72% above avg |
| Unemployment | 5.3% ▲ 8% above avg |
| No HS Diploma | 76 (0.6%) |
| HS Graduate | 1,290 (9.4%) |
| Some College | 1,274 (9.3%) |
| Associates | 1,932 (14%) |
| Bachelors | 984 (7.2%) |
| Graduate Degree | 8,205 (59.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $59,928 ▼ 21% below avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $285,200 ≈ Avg ↓ 6% since 2019 |
| Home/Income Ratio | 4.8x (nat avg ~3.5x) |
| Median Rent | $1,199/mo ↑ 25% since 2019 |
| Total Units | 12,906 |
| Vacant Units | 1,374 |
| Avg HH Size | 1.41 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 12,906 |
|---|---|
| Vacant | 1,374 |
| Owner Occupied | 25.1% |
| Renter Occupied | 74.9% |
| Avg HH Size | 1.41 |
ZIP code 55403 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 17,354, this is a moderately populated ZIP code with a relatively young community — the median age is 34.3 years. Economically, 55403 is a solidly middle-class ZIP code: the median household income of $59,928 is below the national average.
Real estate in ZIP code 55403 represents a mid-range housing market. The median home value of $285,200 is near the national average. Renters can expect to pay around $1,199 per month in median rent. This is predominantly a renter community, with 74.9% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have decreased by 6% since 2019.
The population of 55403 is majority White (68.73%). Residents are highly educated — 66.8% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects some residents at 15.1%. Household income has grown by 23% since 2019.
The unemployment rate in 55403 stands at 5.3%, which is near the national average. About 22% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 44%.
Overall, ZIP code 55403 in Minneapolis, MN is characterized as solidly middle-class, highly educated, and a relatively young community. With 17,354 residents, a median household income of $59,928, and a median home value of $285,200, it offers a clear picture of life in this part of Minnesota.