| ZIP Code | 55404 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/651/763/952 |
| Elevation | 852 ft |
| Latitude | 44.961913 |
|---|---|
| Longitude | -93.261349 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 31.8 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 1.98 |
| Below Poverty | 29.1% ▲ 191% above avg |
| College Grads | 44.3% ▲ 14% above avg |
| Unemployment | 8.8% ▲ 81% above avg |
| No HS Diploma | 1,174 (7.4%) |
| HS Graduate | 3,410 (21.6%) |
| Some College | 1,741 (11%) |
| Associates | 2,459 (15.6%) |
| Bachelors | 1,177 (7.5%) |
| Graduate Degree | 5,808 (36.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $43,932 ▼ 42% below avg ↑ 44% since 2019 |
|---|---|
| Median Home Value | $294,200 ≈ Avg ↑ 14% since 2019 |
| Home/Income Ratio | 6.7x (nat avg ~3.5x) |
| Median Rent | $1,063/mo ↑ 27% since 2019 |
| Total Units | 14,372 |
| Vacant Units | 1,693 |
| Avg HH Size | 1.98 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 14,372 |
|---|---|
| Vacant | 1,693 |
| Owner Occupied | 17.5% |
| Renter Occupied | 82.5% |
| Avg HH Size | 1.98 |
ZIP code 55404 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 28,071, this is a moderately populated ZIP code with a relatively young community — the median age is 31.8 years. Economically, 55404 is a working-class ZIP code: the median household income of $43,932 is below the national average.
Real estate in ZIP code 55404 represents a mid-range housing market. The median home value of $294,200 is near the national average. Renters can expect to pay around $1,063 per month in median rent. This is predominantly a renter community, with 82.5% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 14% since 2019.
The population of 55404 is racially diverse, with White as the largest group at 36.2%. Residents are well-educated — 44.3% hold a bachelor's degree or higher, which is near the national average. Poverty affects a significant share of residents at 29.1%. Household income has grown by 44% since 2019.
The unemployment rate in 55404 stands at 8.8%, which is significantly above the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 47%.
Overall, ZIP code 55404 in Minneapolis, MN is characterized as working-class, well-educated, and a relatively young community. With 28,071 residents, a median household income of $43,932, and a median home value of $294,200, it offers a clear picture of life in this part of Minnesota.