55407 Zip Code

April 24, 2024

Zip Code:	55407
City/Town:	Minneapolis
State:	Minnesota

Population:	37,881
Per Capita Income:	$20,504
Mean Household Income:	$55,063

Total Housing Units:	13,848
Median Home Value:	$95,400
Median Year Homes Built:	1940

Land Area:	4.0 sq miles 10.5 sq kilometers
Water Area:	0.1 sq miles 0.3 sq kilometers

Population Information (55407 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

37,881

Male:

19,036

50.3%

49.2%

Female:

18,845

49.7%

50.8%

Median Age:

31.0 yrs

37.2 yrs

Under 5 years:

3,555

9.4%

6.5%

5 to 9 years:

2,813

5.8%

6.6%

10 to 19 years:

4,457

11.8%

13.8%

20 to 29 years:

7,147

18.9%

13.8%

30 to 39 years:

7,366

19.4%

13.0%

40 to 49 years:

4,931

13.0%

14.2%

50 to 59 years:

3,954

10.4%

13.6%

60 to 69 years:

2,227

5.9%

9.4%

70 to 79 years:

831

2.2%

5.4%

80 years and over:

600

1.6%

3.7%

Housing Information (55407 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$95,400

$119,600

Median year homes build:

1940

1971

Median real estate taxes:

$975 / yr.

$1,334 / yr.

Median rent:

$532 / mo.

$519 / mo.

Total households:

13,848

Family households:

7,600

54.9%

66.4%

Nonfamily households:

6,248

45.1%

33.6%

Households with individuals under 18 years:

4,691

33.9%

33.4%

Households with individuals 65 years and over:

1,759

12.7%

24.9%

Average household size:

2.7

Average family size:

3.5

Total housing units:

15,090

Occupied housing units:

13,848

91.8%

88.6%

Vacant housing units:

1,242

8.2%

11.4%

For rent:

506

3.4%

3.1%

Rented, not occupied:

0.3%

0.2%

For sale only:

247

1.6%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

346

2.3%

2.8%

Homeowner vacancy rate:

3.0%

2.4%

Rental vacancy rate:

7.7%

9.2%

Owner-occupied housing units:

7,806

Population in owner-occupied housing units:

19,783

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

6,042

Population in renter-occupied housing units:

17,638

Average household size of renter-occupied units:

2.9

2.44

Educational Attainment (55407 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

22,766

Less than 9th grade:

2,279

10.0%

6.2%

9th to 12th grade, no diploma:

2,547

11.2%

8.7%

High school graduate (includes equivalency):

5,354

23.5%

29.0%

Some college, no degree:

5,010

22.0%

20.6%

Associate degree:

1,112

4.9%

7.5%

Bachelor's degree:

4,574

20.1%

17.6%

Graduate or professional degree:

1,890

8.3%

10.3%

Percent high school graduate or higher:

78.8%

85.0%

Percent bachelor's degree or higher:

28.4%

27.9%

Income Information (55407 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:

12,270

32.4%

50.4%

Median income:

$23,272 / yr.

$27,932 / yr.

Full-time, year-round workers:

6,375

16.8%

59.7%

Median income:

$31,154 / yr.

$38,349 / yr.

Females 15 years and over with income:

12,852

33.9%

49.6%

Median income:

$19,987 / yr.

$16,327 / yr.

Full-time, year-round workers:

5,262

13.9%

40.3%

Median income:

$29,853 / yr.

$28,135 / yr.

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