55431 Zip Code

April 19, 2024

Zip Code:	55431
City/Town:	Minneapolis
State:	Minnesota

Population:	18,435
Per Capita Income:	$34,533
Mean Household Income:	$79,528

Total Housing Units:	7,914
Median Home Value:	$148,500
Median Year Homes Built:	1963

Land Area:	8.0 sq miles 20.7 sq kilometers
Water Area:	0.2 sq miles 0.6 sq kilometers

Population Information (55431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

18,435

Male:

8,941

48.5%

49.2%

Female:

9,494

51.5%

50.8%

Median Age:

44.5 yrs

37.2 yrs

Under 5 years:

922

5.0%

6.5%

5 to 9 years:

913

5.3%

6.6%

10 to 19 years:

1,954

10.6%

13.8%

20 to 29 years:

2,353

12.8%

13.8%

30 to 39 years:

2,013

10.9%

13.0%

40 to 49 years:

2,607

14.1%

14.2%

50 to 59 years:

2,859

15.5%

13.6%

60 to 69 years:

2,065

11.2%

9.4%

70 to 79 years:

1,603

8.7%

5.4%

80 years and over:

1,146

6.2%

3.7%

Housing Information (55431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$148,500

$119,600

Median year homes build:

1963

1971

Median real estate taxes:

$1,660 / yr.

$1,334 / yr.

Median rent:

$681 / mo.

$519 / mo.

Total households:

7,914

Family households:

4,945

62.5%

66.4%

Nonfamily households:

2,969

37.5%

33.6%

Households with individuals under 18 years:

1,928

24.4%

33.4%

Households with individuals 65 years and over:

2,579

32.6%

24.9%

Average household size:

2.3

Average family size:

2.9

Total housing units:

8,181

Occupied housing units:

7,914

96.7%

88.6%

Vacant housing units:

267

3.3%

11.4%

For rent:

102

1.2%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

0.8%

1.4%

Sold, not occupied:

0.1%

0.3%

For seasonal, recreational, or occasional use:

0.4%

3.5%

All other vacants:

0.6%

2.8%

Homeowner vacancy rate:

1.1%

2.4%

Rental vacancy rate:

4.2%

9.2%

Owner-occupied housing units:

5,609

Population in owner-occupied housing units:

13,639

Average household size of owner-occupied units:

2.4

2.65

Renter-occupied housing units:

2,305

Population in renter-occupied housing units:

4,534

Average household size of renter-occupied units:

2.0

2.44

Educational Attainment (55431 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

13,660

Less than 9th grade:

312

2.3%

6.2%

9th to 12th grade, no diploma:

575

4.2%

8.7%

High school graduate (includes equivalency):

3,181

23.3%

29.0%

Some college, no degree:

3,516

25.7%

20.6%

Associate degree:

1,131

8.3%

7.5%

Bachelor's degree:

3,785

27.7%

17.6%

Graduate or professional degree:

1,160

8.5%

10.3%

Percent high school graduate or higher:

93.5%

85.0%

Percent bachelor's degree or higher:

36.2%

27.9%

Income Information (55431 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:

7,088

38.4%

50.4%

Median income:

$36,395 / yr.

$27,932 / yr.

Full-time, year-round workers:

3,996

21.7%

59.7%

Median income:

$45,903 / yr.

$38,349 / yr.

Females 15 years and over with income:

7,632

41.4%

49.6%

Median income:

$23,900 / yr.

$16,327 / yr.

Full-time, year-round workers:

3,080

16.7%

40.3%

Median income:

$34,754 / yr.

$28,135 / yr.

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