| ZIP Code | 55420 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 952 |
| Elevation | 828 ft |
| Latitude | 44.835969 |
|---|---|
| Longitude | -93.277176 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.8 yrs |
|---|---|
| Avg Household Size | 2.57 |
| Below Poverty | 16.6% ▲ 66% above avg |
| College Grads | 43.4% ▲ 12% above avg |
| Unemployment | 5.8% ▲ 18% above avg |
| No HS Diploma | 1,020 (6.5%) |
| HS Graduate | 4,105 (26.3%) |
| Some College | 1,802 (11.5%) |
| Associates | 1,908 (12.2%) |
| Bachelors | 1,740 (11.1%) |
| Graduate Degree | 5,044 (32.3%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $77,539 ≈ Avg ↑ 30% since 2019 |
|---|---|
| Median Home Value | $306,600 ▲ 10% above avg ↑ 41% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,277/mo ↑ 19% since 2019 |
| Total Units | 9,638 |
| Vacant Units | 402 |
| Avg HH Size | 2.57 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 9,638 |
|---|---|
| Vacant | 402 |
| Owner Occupied | 65.8% |
| Renter Occupied | 34.2% |
| Avg HH Size | 2.57 |
ZIP code 55420 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 24,008, this is a moderately populated ZIP code with a middle-aged community — the median age is 38.8 years. Economically, 55420 is a middle-income ZIP code: the median household income of $77,539 is near the national average.
Real estate in ZIP code 55420 represents a mid-range housing market. The median home value of $306,600 is near the national average. Renters can expect to pay around $1,277 per month in median rent. Homeownership is strong here — 65.8% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 41% since 2019.
The population of 55420 is majority White (52.51%). Residents are well-educated — 43.4% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 16.6%. Household income has grown by 30% since 2019.
The unemployment rate in 55420 stands at 5.8%, which is above the national average. About 18% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 61%.
Overall, ZIP code 55420 in Minneapolis, MN is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 24,008 residents, a median household income of $77,539, and a median home value of $306,600, it offers a clear picture of life in this part of Minnesota.