| ZIP Code | 55407 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612 |
| Elevation | 839 ft |
| Latitude | 44.935036 |
|---|---|
| Longitude | -93.253029 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.3 yrs ↑ 6% since 2019 |
|---|---|
| Avg Household Size | 2.47 |
| Below Poverty | 16.7% ▲ 67% above avg |
| College Grads | 59.2% ▲ 53% above avg |
| Unemployment | 7.1% ▲ 45% above avg |
| No HS Diploma | 1,273 (5.4%) |
| HS Graduate | 3,853 (16.3%) |
| Some College | 1,490 (6.3%) |
| Associates | 2,990 (12.7%) |
| Bachelors | 1,957 (8.3%) |
| Graduate Degree | 12,006 (50.9%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $78,206 ≈ Avg ↑ 26% since 2019 |
|---|---|
| Median Home Value | $317,000 ▲ 14% above avg ↑ 48% since 2019 |
| Home/Income Ratio | 4.1x (nat avg ~3.5x) |
| Median Rent | $1,219/mo ↑ 20% since 2019 |
| Total Units | 15,979 |
| Vacant Units | 1,198 |
| Avg HH Size | 2.47 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 15,979 |
|---|---|
| Vacant | 1,198 |
| Owner Occupied | 60.3% |
| Renter Occupied | 39.7% |
| Avg HH Size | 2.47 |
ZIP code 55407 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 36,992, this is a highly populated ZIP code with a relatively young community — the median age is 34.3 years. Economically, 55407 is a middle-income ZIP code: the median household income of $78,206 is near the national average.
Real estate in ZIP code 55407 represents a mid-range housing market. The median home value of $317,000 is near the national average. Renters can expect to pay around $1,219 per month in median rent. Homeownership is strong here — 60.3% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 48% since 2019.
The population of 55407 is racially diverse, with White as the largest group at 50.0%. Residents are well-educated — 59.2% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects some residents at 16.7%. Household income has grown by 26% since 2019.
The unemployment rate in 55407 stands at 7.1%, which is above the national average. About 23% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 55%.
Overall, ZIP code 55407 in Minneapolis, MN is characterized as middle-income, well-educated, a relatively young community, and predominantly owner-occupied. With 36,992 residents, a median household income of $78,206, and a median home value of $317,000, it offers a clear picture of life in this part of Minnesota.