| ZIP Code | 55408 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612 |
| Elevation | 879 ft |
| Latitude | 44.943815 |
|---|---|
| Longitude | -93.293867 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 30.1 yrs |
|---|---|
| Avg Household Size | 1.86 |
| Below Poverty | 15.1% ▲ 51% above avg |
| College Grads | 68.6% ▲ 77% above avg |
| Unemployment | 6.1% ▲ 24% above avg |
| No HS Diploma | 746 (3.5%) |
| HS Graduate | 2,149 (9.9%) |
| Some College | 1,775 (8.2%) |
| Associates | 2,106 (9.7%) |
| Bachelors | 1,753 (8.1%) |
| Graduate Degree | 13,079 (60.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $72,421 ≈ Avg ↑ 21% since 2019 |
|---|---|
| Median Home Value | $387,500 ▲ 39% above avg ↑ 35% since 2019 |
| Home/Income Ratio | 5.4x (nat avg ~3.5x) |
| Median Rent | $1,385/mo ↑ 27% since 2019 |
| Total Units | 17,874 |
| Vacant Units | 721 |
| Avg HH Size | 1.86 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 17,874 |
|---|---|
| Vacant | 721 |
| Owner Occupied | 24.8% |
| Renter Occupied | 75.2% |
| Avg HH Size | 1.86 |
ZIP code 55408 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 32,534, this is a moderately populated ZIP code with a relatively young community — the median age is 30.1 years. Economically, 55408 is a solidly middle-class ZIP code: the median household income of $72,421 is near the national average.
Real estate in ZIP code 55408 represents a mid-range housing market. The median home value of $387,500 is above the national average. Renters can expect to pay around $1,385 per month in median rent. This is predominantly a renter community, with 75.2% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 35% since 2019.
The population of 55408 is majority White (59.39%). Residents are highly educated — 68.6% 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 21% since 2019.
The unemployment rate in 55408 stands at 6.1%, which is above the national average. About 24% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 54%.
Overall, ZIP code 55408 in Minneapolis, MN is characterized as solidly middle-class, highly educated, and a relatively young community. With 32,534 residents, a median household income of $72,421, and a median home value of $387,500, it offers a clear picture of life in this part of Minnesota.