55414 Zip Code

April 20, 2024

Zip Code:	55414
City/Town:	Minneapolis
State:	Minnesota

Population:	28,495
Per Capita Income:	$20,615
Mean Household Income:	$46,496

Total Housing Units:	10,169
Median Home Value:	$121,300
Median Year Homes Built:	1954

Land Area:	3.4 sq miles 8.8 sq kilometers
Water Area:	0.2 sq miles 0.4 sq kilometers

Population Information (55414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

28,495

Male:

15,066

52.9%

49.2%

Female:

13,429

47.1%

50.8%

Median Age:

22.2 yrs

37.2 yrs

Under 5 years:

661

2.3%

6.5%

5 to 9 years:

415

17.3%

6.6%

10 to 19 years:

5,264

18.5%

13.8%

20 to 29 years:

15,949

56.0%

13.8%

30 to 39 years:

2,030

7.1%

13.0%

40 to 49 years:

1,170

4.1%

14.2%

50 to 59 years:

1,279

4.5%

13.6%

60 to 69 years:

1,005

3.5%

9.4%

70 to 79 years:

448

1.6%

5.4%

80 years and over:

274

1.0%

3.7%

Housing Information (55414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$121,300

$119,600

Median year homes build:

1954

1971

Median real estate taxes:

$1,313 / yr.

$1,334 / yr.

Median rent:

$540 / mo.

$519 / mo.

Total households:

10,169

Family households:

2,373

23.3%

66.4%

Nonfamily households:

7,796

76.7%

33.6%

Households with individuals under 18 years:

901

8.9%

33.4%

Households with individuals 65 years and over:

784

7.7%

24.9%

Average household size:

2.3

Average family size:

2.7

Total housing units:

10,797

Occupied housing units:

10,169

94.2%

88.6%

Vacant housing units:

628

5.8%

11.4%

For rent:

301

2.8%

3.1%

Rented, not occupied:

0.2%

For sale only:

0.8%

1.4%

Sold, not occupied:

0.1%

0.3%

For seasonal, recreational, or occasional use:

0.8%

3.5%

All other vacants:

120

1.1%

2.8%

Homeowner vacancy rate:

4.1%

2.4%

Rental vacancy rate:

3.6%

9.2%

Owner-occupied housing units:

2,018

Population in owner-occupied housing units:

4,155

Average household size of owner-occupied units:

2.1

2.65

Renter-occupied housing units:

8,151

Population in renter-occupied housing units:

19,235

Average household size of renter-occupied units:

2.4

2.44

Educational Attainment (55414 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

9,583

Less than 9th grade:

239

2.5%

6.2%

9th to 12th grade, no diploma:

319

3.3%

8.7%

High school graduate (includes equivalency):

1,208

12.6%

29.0%

Some college, no degree:

1,739

18.1%

20.6%

Associate degree:

432

4.5%

7.5%

Bachelor's degree:

2,897

30.2%

17.6%

Graduate or professional degree:

2,749

28.7%

10.3%

Percent high school graduate or higher:

94.2%

85.0%

Percent bachelor's degree or higher:

58.9%

27.9%

Income Information (55414 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:

11,254

39.5%

50.4%

Median income:

$12,456 / yr.

$27,932 / yr.

Full-time, year-round workers:

3,109

10.9%

59.7%

Median income:

$31,051 / yr.

$38,349 / yr.

Females 15 years and over with income:

9,776

34.3%

49.6%

Median income:

$9,750 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,021

7.1%

40.3%

Median income:

$27,677 / yr.

$28,135 / yr.

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