| ZIP Code | 55424 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/952 |
| Elevation | 901 ft |
| Latitude | 44.905024 |
|---|---|
| Longitude | -93.344865 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 41.9 yrs |
|---|---|
| Avg Household Size | 2.83 |
| Below Poverty | 1.6% ▼ 84% below avg |
| College Grads | 88.3% ▲ 128% above avg |
| Unemployment | 3.3% ▼ 32% below avg |
| No HS Diploma | 17 (0.3%) |
| HS Graduate | 203 (3.1%) |
| Some College | 192 (3%) |
| Associates | 349 (5.4%) |
| Bachelors | 241 (3.7%) |
| Graduate Degree | 5,485 (84.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $241,875 ▲ 217% above avg ↑ 41% since 2019 |
|---|---|
| Median Home Value | $959,800 ▲ 244% above avg ↑ 39% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,786/mo ↑ 32% since 2019 |
| Total Units | 3,845 |
| Vacant Units | 187 |
| Avg HH Size | 2.83 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 3,845 |
|---|---|
| Vacant | 187 |
| Owner Occupied | 91.6% |
| Renter Occupied | 8.4% |
| Avg HH Size | 2.83 |
ZIP code 55424 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 10,373, this is a lightly populated ZIP code with a middle-aged community — the median age is 41.9 years. Economically, 55424 is a affluent ZIP code: the median household income of $241,875 is more than double the national average.
Real estate in ZIP code 55424 represents among the most expensive housing markets in the country. The median home value of $959,800 is more than double the national average. Renters can expect to pay around $1,786 per month in median rent. Homeownership is strong here — 91.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 39% since 2019.
The population of 55424 is primarily White (85.05%). Residents are highly educated — 88.3% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 1.6%. Household income has grown by 41% since 2019.
The unemployment rate in 55424 stands at 3.3%, which is below the national average. A notably high share of workers — 27% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 69%.
Overall, ZIP code 55424 in Minneapolis, MN is characterized as affluent, highly educated, a middle-aged community, and predominantly owner-occupied. With 10,373 residents, a median household income of $241,875, and a median home value of $959,800, it offers a clear picture of life in this part of Minnesota.