55409 Zip Code

April 19, 2024

Zip Code:	55409
City/Town:	Minneapolis
State:	Minnesota

Population:	11,615
Per Capita Income:	$35,523
Mean Household Income:	$83,102

Total Housing Units:	4,822
Median Home Value:	$141,900
Median Year Homes Built:	1940

Land Area:	1.2 sq miles 3.2 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (55409 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

11,615

Male:

5,562

47.9%

49.2%

Female:

6,053

52.1%

50.8%

Median Age:

35.1 yrs

37.2 yrs

Under 5 years:

750

6.5%

5 to 9 years:

770

4.6%

6.6%

10 to 19 years:

1,214

10.5%

13.8%

20 to 29 years:

1,963

16.9%

13.8%

30 to 39 years:

2,070

17.8%

13.0%

40 to 49 years:

1,794

15.4%

14.2%

50 to 59 years:

1,404

12.1%

13.6%

60 to 69 years:

801

6.9%

9.4%

70 to 79 years:

364

3.1%

5.4%

80 years and over:

485

4.2%

3.7%

Housing Information (55409 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$141,900

$119,600

Median year homes build:

1940

1971

Median real estate taxes:

$1,583 / yr.

$1,334 / yr.

Median rent:

$624 / mo.

$519 / mo.

Total households:

4,822

Family households:

2,413

50.0%

66.4%

Nonfamily households:

2,409

50.0%

33.6%

Households with individuals under 18 years:

1,334

27.7%

33.4%

Households with individuals 65 years and over:

699

14.5%

24.9%

Average household size:

2.3

Average family size:

3.1

Total housing units:

5,149

Occupied housing units:

4,822

93.6%

88.6%

Vacant housing units:

327

6.4%

11.4%

For rent:

139

2.7%

3.1%

Rented, not occupied:

0.2%

For sale only:

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.3%

3.5%

All other vacants:

1.5%

2.8%

Homeowner vacancy rate:

2.4%

Rental vacancy rate:

7.0%

9.2%

Owner-occupied housing units:

2,990

Population in owner-occupied housing units:

7,294

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

1,832

Population in renter-occupied housing units:

3,990

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (55409 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

15,131

Less than 9th grade:

650

4.3%

6.2%

9th to 12th grade, no diploma:

738

4.9%

8.7%

High school graduate (includes equivalency):

2,388

15.8%

29.0%

Some college, no degree:

2,992

19.8%

20.6%

Associate degree:

786

5.2%

7.5%

Bachelor's degree:

4,763

31.5%

17.6%

Graduate or professional degree:

2,814

18.6%

10.3%

Percent high school graduate or higher:

90.8%

85.0%

Percent bachelor's degree or higher:

50.1%

27.9%

Income Information (55409 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:

7,951

68.5%

50.4%

Median income:

$31,926 / yr.

$27,932 / yr.

Full-time, year-round workers:

4,610

39.7%

59.7%

Median income:

$41,942 / yr.

$38,349 / yr.

Females 15 years and over with income:

8,215

70.7%

49.6%

Median income:

$25,023 / yr.

$16,327 / yr.

Full-time, year-round workers:

3,694

31.8%

40.3%

Median income:

$35,304 / yr.

$28,135 / yr.

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