55420 Zip Code

April 20, 2024

Zip Code:	55420
City/Town:	Minneapolis
State:	Minnesota

Population:	21,767
Per Capita Income:	$28,036
Mean Household Income:	$62,948

Total Housing Units:	9,112
Median Home Value:	$126,700
Median Year Homes Built:	1959

Land Area:	6.5 sq miles 16.8 sq kilometers
Water Area:	0.1 sq miles 0.2 sq kilometers

Population Information (55420 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

21,767

Male:

10,757

49.4%

49.2%

Female:

11,010

50.6%

50.8%

Median Age:

38.8 yrs

37.2 yrs

Under 5 years:

1,382

6.3%

6.5%

5 to 9 years:

1,319

5.6%

6.6%

10 to 19 years:

2,398

11.0%

13.8%

20 to 29 years:

3,255

15.0%

13.8%

30 to 39 years:

2,893

13.3%

13.0%

40 to 49 years:

2,884

13.2%

14.2%

50 to 59 years:

2,972

13.7%

13.6%

60 to 69 years:

1,954

9.0%

9.4%

70 to 79 years:

1,436

6.6%

5.4%

80 years and over:

1,274

5.9%

3.7%

Housing Information (55420 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$126,700

$119,600

Median year homes build:

1959

1971

Median real estate taxes:

$1,321 / yr.

$1,334 / yr.

Median rent:

$671 / mo.

$519 / mo.

Total households:

9,112

Family households:

5,306

58.2%

66.4%

Nonfamily households:

3,806

41.8%

33.6%

Households with individuals under 18 years:

2,409

26.4%

33.4%

Households with individuals 65 years and over:

2,622

28.8%

24.9%

Average household size:

2.4

Average family size:

3.0

Total housing units:

9,548

Occupied housing units:

9,112

95.4%

88.6%

Vacant housing units:

436

4.6%

11.4%

For rent:

182

1.9%

3.1%

Rented, not occupied:

0.2%

For sale only:

1.0%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.4%

3.5%

All other vacants:

0.9%

2.8%

Homeowner vacancy rate:

1.5%

2.4%

Rental vacancy rate:

5.3%

9.2%

Owner-occupied housing units:

5,904

Population in owner-occupied housing units:

14,504

Average household size of owner-occupied units:

2.5

2.65

Renter-occupied housing units:

3,208

Population in renter-occupied housing units:

7,087

Average household size of renter-occupied units:

2.2

2.44

Educational Attainment (55420 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

15,258

Less than 9th grade:

544

3.6%

6.2%

9th to 12th grade, no diploma:

1,218

8.0%

8.7%

High school graduate (includes equivalency):

4,928

32.3%

29.0%

Some college, no degree:

4,215

27.6%

20.6%

Associate degree:

1,256

8.2%

7.5%

Bachelor's degree:

2,390

15.7%

17.6%

Graduate or professional degree:

707

4.6%

10.3%

Percent high school graduate or higher:

88.5%

85.0%

Percent bachelor's degree or higher:

20.3%

27.9%

Income Information (55420 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:

8,356

38.4%

50.4%

Median income:

$31,586 / yr.

$27,932 / yr.

Full-time, year-round workers:

4,688

21.5%

59.7%

Median income:

$39,665 / yr.

$38,349 / yr.

Females 15 years and over with income:

8,368

38.4%

49.6%

Median income:

$21,304 / yr.

$16,327 / yr.

Full-time, year-round workers:

3,517

16.2%

40.3%

Median income:

$30,852 / yr.

$28,135 / yr.

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