| ZIP Code | 55431 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 952 |
| Elevation | 820 ft |
| Latitude | 44.824534 |
|---|---|
| Longitude | -93.312602 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 43.1 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 2.28 |
| Below Poverty | 4.7% ▼ 53% below avg |
| College Grads | 60.3% ▲ 56% above avg |
| Unemployment | 5.1% ≈ Avg |
| No HS Diploma | 290 (2.1%) |
| HS Graduate | 2,123 (15.4%) |
| Some College | 1,207 (8.8%) |
| Associates | 1,847 (13.4%) |
| Bachelors | 1,583 (11.5%) |
| Graduate Degree | 6,708 (48.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $103,125 ▲ 35% above avg ↑ 22% since 2019 |
|---|---|
| Median Home Value | $354,300 ▲ 27% above avg ↑ 38% since 2019 |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $1,704/mo ↑ 31% since 2019 |
| Total Units | 8,483 |
| Vacant Units | 234 |
| Avg HH Size | 2.28 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,483 |
|---|---|
| Vacant | 234 |
| Owner Occupied | 67.6% |
| Renter Occupied | 32.4% |
| Avg HH Size | 2.28 |
ZIP code 55431 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 19,075, this is a moderately populated ZIP code with a middle-aged community — the median age is 43.1 years. Economically, 55431 is a upper-middle-income ZIP code: the median household income of $103,125 is above the national average.
Real estate in ZIP code 55431 represents a mid-range housing market. The median home value of $354,300 is above the national average. Renters can expect to pay around $1,704 per month in median rent. Homeownership is strong here — 67.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 38% since 2019.
The population of 55431 is primarily White (74.81%). Residents are highly educated — 60.3% hold a bachelor's degree or higher, which is significantly above the national average. Poverty affects a relatively small share of residents at 4.7%. Household income has grown by 22% since 2019.
The unemployment rate in 55431 stands at 5.1%, which is near the national average. About 21% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 70%.
Overall, ZIP code 55431 in Minneapolis, MN is characterized as upper-middle-income, highly educated, a middle-aged community, and predominantly owner-occupied. With 19,075 residents, a median household income of $103,125, and a median home value of $354,300, it offers a clear picture of life in this part of Minnesota.