Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 38.4 yrs |
|---|---|
| Avg HH Size | 2.89 |
| Below Poverty | 1.2% ▼ 88% below avg |
| College Grads | 70.5% ▲ 82% above avg |
| Unemployment | 2.2% ▼ 54% below avg |
| No HS Diploma | 16 (0.3%) |
| HS Graduate | 872 (14.1%) |
| Some College | 302 (4.9%) |
| Associates | 639 (10.3%) |
| Bachelors | 524 (8.5%) |
| Graduate Degree | 3,843 (62%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $174,120 ▲ 128% above avg |
|---|---|
| Median Home Value | $607,600 ▲ 118% above avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $1,431/mo |
| Total Housing Units | 3,418 |
| Vacant Units | 42 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Hamel is a city in Minnesota, located in Hennepin County. The city spans 1 ZIP code and is home to approximately 9,776 residents. It is a middle-aged city, with a median age of 38.4 years.
Economically, Hamel is a affluent community. The median household income of $174,120 is more than double the national average. Approximately 1.2% of residents live below the poverty line. The unemployment rate is 2.2%, well below the national average.
The real estate market in Hamel is a premium housing market. Median home values stand at $607,600, which is more than double the national average. Renters typically pay around $1,431 per month. Homeownership is high at 93.0%, typical of suburban and family-oriented communities.
The population of Hamel is highly educated. 70.5% of adults hold a bachelor's degree or higher — significantly above the national average. The community is primarily White (77.28%).
Hamel, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55340 | 9,776 | $174,120 | $607,600 | $1,431 | 2.2% | 70.5% | 93.0% |