| ZIP Code | 55429 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 763 |
| Elevation | 853 ft |
| Latitude | 45.063659 |
|---|---|
| Longitude | -93.341175 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 33.0 yrs |
|---|---|
| Avg Household Size | 2.68 |
| Below Poverty | 11.6% ▲ 16% above avg |
| College Grads | 38.7% ≈ Avg |
| Unemployment | 5.5% ▲ 13% above avg |
| No HS Diploma | 551 (3.4%) |
| HS Graduate | 4,486 (27.5%) |
| Some College | 2,220 (13.6%) |
| Associates | 2,735 (16.8%) |
| Bachelors | 2,175 (13.3%) |
| Graduate Degree | 4,143 (25.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,661 ▼ 13% below avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $267,900 ≈ Avg ↑ 51% since 2019 |
| Home/Income Ratio | 4.0x (nat avg ~3.5x) |
| Median Rent | $1,253/mo ↑ 21% since 2019 |
| Total Units | 10,529 |
| Vacant Units | 389 |
| Avg HH Size | 2.68 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 10,529 |
|---|---|
| Vacant | 389 |
| Owner Occupied | 56.9% |
| Renter Occupied | 43.1% |
| Avg HH Size | 2.68 |
ZIP code 55429 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 27,570, this is a moderately populated ZIP code with a relatively young community — the median age is 33 years. Economically, 55429 is a solidly middle-class ZIP code: the median household income of $66,661 is near the national average.
Real estate in ZIP code 55429 represents a mid-range housing market. The median home value of $267,900 is near the national average. Renters can expect to pay around $1,253 per month in median rent. The area has a relatively balanced mix of owners (56.9%) and renters (43.1%). Median home values have increased by 51% since 2019.
The population of 55429 is racially diverse, with Black as the largest group at 34.3%. Residents are moderately educated — 38.7% hold a bachelor's degree or higher, which is near the national average. Poverty affects some residents at 11.6%. Household income has grown by 23% since 2019.
The unemployment rate in 55429 stands at 5.5%, which is near the national average. About 12% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 67%.
Overall, ZIP code 55429 in Minneapolis, MN is characterized as solidly middle-class, moderately educated, and a relatively young community. With 27,570 residents, a median household income of $66,661, and a median home value of $267,900, it offers a clear picture of life in this part of Minnesota.