| ZIP Code | 55414 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/651/763/952 |
| Elevation | 835 ft |
| Latitude | 44.978381 |
|---|---|
| Longitude | -93.222449 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 22.9 yrs ↑ 2% since 2019 |
|---|---|
| Avg Household Size | 2.25 |
| Below Poverty | 36.9% ▲ 269% above avg |
| College Grads | 72.5% ▲ 87% above avg |
| Unemployment | 4.9% ≈ Avg |
| No HS Diploma | 107 (0.9%) |
| HS Graduate | 1,337 (11.4%) |
| Some College | 784 (6.7%) |
| Associates | 1,000 (8.5%) |
| Bachelors | 509 (4.3%) |
| Graduate Degree | 8,004 (68.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $47,004 ▼ 38% below avg ↑ 15% since 2019 |
|---|---|
| Median Home Value | $454,200 ▲ 63% above avg ↑ 42% since 2019 |
| Home/Income Ratio | 9.7x (nat avg ~3.5x) |
| Median Rent | $1,368/mo ↑ 26% since 2019 |
| Total Units | 15,541 |
| Vacant Units | 1,763 |
| Avg HH Size | 2.25 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 15,541 |
|---|---|
| Vacant | 1,763 |
| Owner Occupied | 14.7% |
| Renter Occupied | 85.3% |
| Avg HH Size | 2.25 |
ZIP code 55414 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 33,739, this is a moderately populated ZIP code with a young community — the median age is 22.9 years. Economically, 55414 is a working-class ZIP code: the median household income of $47,004 is below the national average.
Real estate in ZIP code 55414 represents a premium housing market. The median home value of $454,200 is significantly above the national average. Renters can expect to pay around $1,368 per month in median rent. This is predominantly a renter community, with 85.3% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 42% since 2019.
The population of 55414 is majority White (65.65%). Residents are highly educated — 72.5% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a significant share of residents at 36.9%. Household income has grown by 15% since 2019.
The unemployment rate in 55414 stands at 4.9%, which is near the national average. About 18% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 48%.
Overall, ZIP code 55414 in Minneapolis, MN is characterized as working-class, highly educated, and a young community. With 33,739 residents, a median household income of $47,004, and a median home value of $454,200, it offers a clear picture of life in this part of Minnesota.