| ZIP Code | 55406 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612 |
| Elevation | 834 ft |
| Latitude | 44.938689 |
|---|---|
| Longitude | -93.221042 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 39.7 yrs ↑ 3% since 2019 |
|---|---|
| Avg Household Size | 2.14 |
| Below Poverty | 8.2% ▼ 18% below avg |
| College Grads | 64.6% ▲ 67% above avg |
| Unemployment | 5.3% ▲ 9% above avg |
| No HS Diploma | 957 (3.7%) |
| HS Graduate | 3,380 (13%) |
| Some College | 1,798 (6.9%) |
| Associates | 3,103 (11.9%) |
| Bachelors | 2,237 (8.6%) |
| Graduate Degree | 14,607 (56%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $91,865 ▲ 20% above avg ↑ 36% since 2019 |
|---|---|
| Median Home Value | $335,500 ▲ 20% above avg ↑ 45% since 2019 |
| Home/Income Ratio | 3.7x (nat avg ~3.5x) |
| Median Rent | $1,276/mo ↑ 29% since 2019 |
| Total Units | 17,439 |
| Vacant Units | 786 |
| Avg HH Size | 2.14 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 17,439 |
|---|---|
| Vacant | 786 |
| Owner Occupied | 66.8% |
| Renter Occupied | 33.2% |
| Avg HH Size | 2.14 |
ZIP code 55406 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 35,863, this is a highly populated ZIP code with a middle-aged community — the median age is 39.7 years. Economically, 55406 is a middle-income ZIP code: the median household income of $91,865 is above the national average.
Real estate in ZIP code 55406 represents a mid-range housing market. The median home value of $335,500 is above the national average. Renters can expect to pay around $1,276 per month in median rent. Homeownership is strong here — 66.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 45% since 2019.
The population of 55406 is majority White (69.67%). Residents are highly educated — 64.6% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 8.2%. Household income has grown by 36% since 2019.
The unemployment rate in 55406 stands at 5.3%, which is near the national average. A notably high share of workers — 26% — 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 53%.
Overall, ZIP code 55406 in Minneapolis, MN is characterized as middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 35,863 residents, a median household income of $91,865, and a median home value of $335,500, it offers a clear picture of life in this part of Minnesota.