| ZIP Code | 55423 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/952 |
| Elevation | 843 ft |
| Latitude | 44.877193 |
|---|---|
| Longitude | -93.281359 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.9 yrs ↑ 9% since 2019 |
|---|---|
| Avg Household Size | 2.24 |
| Below Poverty | 7.2% ▼ 28% below avg |
| College Grads | 55.2% ▲ 42% above avg |
| Unemployment | 5.1% ≈ Avg |
| No HS Diploma | 465 (1.8%) |
| HS Graduate | 5,300 (20.7%) |
| Some College | 2,194 (8.6%) |
| Associates | 3,520 (13.7%) |
| Bachelors | 2,397 (9.4%) |
| Graduate Degree | 11,727 (45.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $84,102 ▲ 10% above avg ↑ 26% since 2019 |
|---|---|
| Median Home Value | $320,300 ▲ 15% above avg ↑ 42% since 2019 |
| Home/Income Ratio | 3.8x (nat avg ~3.5x) |
| Median Rent | $1,334/mo ↑ 24% since 2019 |
| Total Units | 16,792 |
| Vacant Units | 538 |
| Avg HH Size | 2.24 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 16,792 |
|---|---|
| Vacant | 538 |
| Owner Occupied | 62.5% |
| Renter Occupied | 37.5% |
| Avg HH Size | 2.24 |
ZIP code 55423 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 36,779, this is a highly populated ZIP code with a middle-aged community — the median age is 38.9 years. Economically, 55423 is a middle-income ZIP code: the median household income of $84,102 is near the national average.
Real estate in ZIP code 55423 represents a mid-range housing market. The median home value of $320,300 is near the national average. Renters can expect to pay around $1,334 per month in median rent. Homeownership is strong here — 62.5% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 42% since 2019.
The population of 55423 is majority White (61.11%). Residents are well-educated — 55.2% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 7.2%. Household income has grown by 26% since 2019.
The unemployment rate in 55423 stands at 5.1%, which is near the national average. About 16% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 68%.
Overall, ZIP code 55423 in Minneapolis, MN is characterized as middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 36,779 residents, a median household income of $84,102, and a median home value of $320,300, it offers a clear picture of life in this part of Minnesota.