55429 Zip Code

April 19, 2024

Zip Code:	55429
City/Town:	Minneapolis
State:	Minnesota

Population:	26,751
Per Capita Income:	$24,290
Mean Household Income:	$60,006

Total Housing Units:	9,935
Median Home Value:	$107,800
Median Year Homes Built:	1963

Land Area:	6.2 sq miles 16.1 sq kilometers
Water Area:	0.3 sq miles 0.8 sq kilometers

Population Information (55429 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

26,751

Male:

12,954

48.4%

49.2%

Female:

13,797

51.6%

50.8%

Median Age:

31.7 yrs

37.2 yrs

Under 5 years:

2,416

9.0%

6.5%

5 to 9 years:

2,035

6.6%

10 to 19 years:

3,524

13.2%

13.8%

20 to 29 years:

4,612

17.2%

13.8%

30 to 39 years:

3,832

14.3%

13.0%

40 to 49 years:

3,380

12.6%

14.2%

50 to 59 years:

3,076

11.5%

13.6%

60 to 69 years:

1,802

6.7%

9.4%

70 to 79 years:

1,214

4.5%

5.4%

80 years and over:

860

3.2%

3.7%

Housing Information (55429 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$107,800

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$1,272 / yr.

$1,334 / yr.

Median rent:

$584 / mo.

$519 / mo.

Total households:

9,935

Family households:

6,337

63.8%

66.4%

Nonfamily households:

3,598

36.2%

33.6%

Households with individuals under 18 years:

3,608

36.3%

33.4%

Households with individuals 65 years and over:

2,086

21.0%

24.9%

Average household size:

2.7

Average family size:

3.3

Total housing units:

10,585

Occupied housing units:

9,935

93.9%

88.6%

Vacant housing units:

650

6.1%

11.4%

For rent:

273

2.6%

3.1%

Rented, not occupied:

0.2%

For sale only:

168

1.6%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.1%

3.5%

All other vacants:

160

1.5%

2.8%

Homeowner vacancy rate:

2.8%

2.4%

Rental vacancy rate:

6.1%

9.2%

Owner-occupied housing units:

5,763

Population in owner-occupied housing units:

15,915

Average household size of owner-occupied units:

2.8

2.65

Renter-occupied housing units:

4,172

Population in renter-occupied housing units:

10,633

Average household size of renter-occupied units:

2.6

2.44

Educational Attainment (55429 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

16,788

Less than 9th grade:

671

4.0%

6.2%

9th to 12th grade, no diploma:

1,306

7.8%

8.7%

High school graduate (includes equivalency):

5,616

33.5%

29.0%

Some college, no degree:

4,829

28.8%

20.6%

Associate degree:

1,401

8.3%

7.5%

Bachelor's degree:

2,320

13.8%

17.6%

Graduate or professional degree:

645

3.8%

10.3%

Percent high school graduate or higher:

88.2%

85.0%

Percent bachelor's degree or higher:

17.7%

27.9%

Income Information (55429 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:

9,165

34.3%

50.4%

Median income:

$30,735 / yr.

$27,932 / yr.

Full-time, year-round workers:

5,420

20.3%

59.7%

Median income:

$37,050 / yr.

$38,349 / yr.

Females 15 years and over with income:

9,826

36.7%

49.6%

Median income:

$20,553 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,193

15.7%

40.3%

Median income:

$28,667 / yr.

$28,135 / yr.

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