55406 Zip Code

April 20, 2024

Zip Code:	55406
City/Town:	Minneapolis
State:	Minnesota

Population:	32,112
Per Capita Income:	$27,633
Mean Household Income:	$59,553

Total Housing Units:	14,765
Median Home Value:	$103,200
Median Year Homes Built:	1940

Land Area:	5.0 sq miles 13.0 sq kilometers
Water Area:	0.2 sq miles 0.6 sq kilometers

Population Information (55406 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

32,112

Male:

15,440

48.1%

49.2%

Female:

16,672

51.9%

50.8%

Median Age:

37.8 yrs

37.2 yrs

Under 5 years:

2,195

6.8%

6.5%

5 to 9 years:

1,616

4.2%

6.6%

10 to 19 years:

2,756

8.6%

13.8%

20 to 29 years:

5,063

15.8%

13.8%

30 to 39 years:

5,567

17.3%

13.0%

40 to 49 years:

4,748

14.8%

14.2%

50 to 59 years:

5,158

16.1%

13.6%

60 to 69 years:

2,891

9.0%

9.4%

70 to 79 years:

1,233

3.8%

5.4%

80 years and over:

885

2.8%

3.7%

Housing Information (55406 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$103,200

$119,600

Median year homes build:

1940

1971

Median real estate taxes:

$1,087 / yr.

$1,334 / yr.

Median rent:

$513 / mo.

$519 / mo.

Total households:

14,765

Family households:

7,390

50.1%

66.4%

Nonfamily households:

7,375

49.9%

33.6%

Households with individuals under 18 years:

3,495

23.7%

33.4%

Households with individuals 65 years and over:

2,604

17.6%

24.9%

Average household size:

2.2

Average family size:

2.9

Total housing units:

15,589

Occupied housing units:

14,765

94.7%

88.6%

Vacant housing units:

824

5.3%

11.4%

For rent:

341

2.2%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

143

0.9%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.2%

3.5%

All other vacants:

249

1.6%

2.8%

Homeowner vacancy rate:

1.4%

2.4%

Rental vacancy rate:

6.9%

9.2%

Owner-occupied housing units:

10,162

Population in owner-occupied housing units:

22,580

Average household size of owner-occupied units:

2.2

2.65

Renter-occupied housing units:

4,603

Population in renter-occupied housing units:

9,358

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (55406 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

23,523

Less than 9th grade:

1,020

4.3%

6.2%

9th to 12th grade, no diploma:

1,872

8.0%

8.7%

High school graduate (includes equivalency):

5,667

24.1%

29.0%

Some college, no degree:

5,156

21.9%

20.6%

Associate degree:

1,532

6.5%

7.5%

Bachelor's degree:

5,267

22.4%

17.6%

Graduate or professional degree:

3,009

12.8%

10.3%

Percent high school graduate or higher:

87.7%

85.0%

Percent bachelor's degree or higher:

35.2%

27.9%

Income Information (55406 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Mean household income:

$0 / yr.

$70,883

Per capita income:

$0 / yr.

$27,334

Males 15 years and over with income:

12,234

38.1%

50.4%

Median income:

$27,537 / yr.

$27,932 / yr.

Full-time, year-round workers:

6,706

20.9%

59.7%

Median income:

$35,859 / yr.

$38,349 / yr.

Females 15 years and over with income:

13,444

41.9%

49.6%

Median income:

$22,327 / yr.

$16,327 / yr.

Full-time, year-round workers:

5,831

18.2%

40.3%

Median income:

$32,015 / yr.

$28,135 / yr.

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