| ZIP Code | 55405 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/763/952 |
| Elevation | 932 ft |
| Latitude | 44.972674 |
|---|---|
| Longitude | -93.301878 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 31.4 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 1.96 |
| Below Poverty | 20.1% ▲ 101% above avg |
| College Grads | 68.1% ▲ 76% above avg |
| Unemployment | 6.4% ▲ 31% above avg |
| No HS Diploma | 248 (2.2%) |
| HS Graduate | 1,233 (10.7%) |
| Some College | 798 (6.9%) |
| Associates | 1,395 (12.1%) |
| Bachelors | 1,141 (9.9%) |
| Graduate Degree | 6,703 (58.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $70,425 ▼ 8% below avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $450,200 ▲ 61% above avg ↑ 27% since 2019 |
| Home/Income Ratio | 6.4x (nat avg ~3.5x) |
| Median Rent | $1,188/mo ↑ 22% since 2019 |
| Total Units | 8,724 |
| Vacant Units | 534 |
| Avg HH Size | 1.96 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,724 |
|---|---|
| Vacant | 534 |
| Owner Occupied | 36.0% |
| Renter Occupied | 64.0% |
| Avg HH Size | 1.96 |
ZIP code 55405 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 16,915, this is a moderately populated ZIP code with a relatively young community — the median age is 31.4 years. Economically, 55405 is a solidly middle-class ZIP code: the median household income of $70,425 is near the national average.
Real estate in ZIP code 55405 represents a premium housing market. The median home value of $450,200 is significantly above the national average. Renters can expect to pay around $1,188 per month in median rent. This is predominantly a renter community, with 64.0% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 27% since 2019.
The population of 55405 is majority White (59.23%). Residents are highly educated — 68.1% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a significant share of residents at 20.1%. Household income has grown by 19% since 2019.
The unemployment rate in 55405 stands at 6.4%, which is above the national average. About 25% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 50%.
Overall, ZIP code 55405 in Minneapolis, MN is characterized as solidly middle-class, highly educated, and a relatively young community. With 16,915 residents, a median household income of $70,425, and a median home value of $450,200, it offers a clear picture of life in this part of Minnesota.