55428 Zip Code

April 20, 2024

Zip Code:	55428
City/Town:	New Hope
State:	Minnesota

Population:	29,357
Per Capita Income:	$25,543
Mean Household Income:	$62,548

Total Housing Units:	11,643
Median Home Value:	$118,000
Median Year Homes Built:	1965

Land Area:	8.1 sq miles 20.9 sq kilometers
Water Area:	0.1 sq miles 0.1 sq kilometers

Population Information (55428 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

29,357

Male:

14,080

48.0%

49.2%

Female:

15,277

52.0%

50.8%

Median Age:

36.4 yrs

37.2 yrs

Under 5 years:

2,207

7.5%

6.5%

5 to 9 years:

1,948

6.1%

6.6%

10 to 19 years:

3,550

12.1%

13.8%

20 to 29 years:

4,236

14.4%

13.8%

30 to 39 years:

4,098

14.0%

13.0%

40 to 49 years:

3,821

13.0%

14.2%

50 to 59 years:

3,521

12.0%

13.6%

60 to 69 years:

2,429

8.3%

9.4%

70 to 79 years:

1,640

5.6%

5.4%

80 years and over:

1,907

6.5%

3.7%

Housing Information (55428 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$118,000

$119,600

Median year homes build:

1965

1971

Median real estate taxes:

$1,374 / yr.

$1,334 / yr.

Median rent:

$646 / mo.

$519 / mo.

Total households:

11,643

Family households:

7,137

61.3%

66.4%

Nonfamily households:

4,506

38.7%

33.6%

Households with individuals under 18 years:

3,627

31.2%

33.4%

Households with individuals 65 years and over:

3,031

26.0%

24.9%

Average household size:

2.5

Average family size:

3.1

Total housing units:

12,563

Occupied housing units:

11,643

92.7%

88.6%

Vacant housing units:

920

7.3%

11.4%

For rent:

530

4.2%

3.1%

Rented, not occupied:

0.2%

For sale only:

205

1.6%

1.4%

Sold, not occupied:

0.3%

For seasonal, recreational, or occasional use:

0.1%

3.5%

All other vacants:

103

0.8%

2.8%

Homeowner vacancy rate:

2.8%

2.4%

Rental vacancy rate:

10.3%

9.2%

Owner-occupied housing units:

7,041

Population in owner-occupied housing units:

18,125

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

4,602

Population in renter-occupied housing units:

10,480

Average household size of renter-occupied units:

2.3

2.44

Educational Attainment (55428 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

20,101

Less than 9th grade:

837

4.2%

6.2%

9th to 12th grade, no diploma:

1,757

8.7%

High school graduate (includes equivalency):

6,405

31.9%

29.0%

Some college, no degree:

4,948

24.6%

20.6%

Associate degree:

1,678

8.3%

7.5%

Bachelor's degree:

3,397

16.9%

17.6%

Graduate or professional degree:

1,079

5.4%

10.3%

Percent high school graduate or higher:

87.1%

85.0%

Percent bachelor's degree or higher:

22.3%

27.9%

Income Information (55428 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:

10,713

36.5%

50.4%

Median income:

$31,222 / yr.

$27,932 / yr.

Full-time, year-round workers:

6,317

21.5%

59.7%

Median income:

$38,866 / yr.

$38,349 / yr.

Females 15 years and over with income:

11,312

38.5%

49.6%

Median income:

$19,687 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,573

15.6%

40.3%

Median income:

$30,401 / yr.

$28,135 / yr.

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