55434 Zip Code

April 19, 2024

Zip Code:	55434
City/Town:	Minneapolis
State:	Minnesota

Population:	28,823
Per Capita Income:	$26,133
Mean Household Income:	$68,981

Total Housing Units:	10,993
Median Home Value:	$116,200
Median Year Homes Built:	1978

Land Area:	9.2 sq miles 23.8 sq kilometers
Water Area:	0.1 sq miles 0.2 sq kilometers

Population Information (55434 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

28,823

Male:

14,165

49.1%

49.2%

Female:

14,658

50.9%

50.8%

Median Age:

36.8 yrs

37.2 yrs

Under 5 years:

2,019

7.0%

6.5%

5 to 9 years:

1,898

6.6%

10 to 19 years:

3,773

13.1%

13.8%

20 to 29 years:

3,803

13.2%

13.8%

30 to 39 years:

4,230

14.7%

13.0%

40 to 49 years:

4,313

15.0%

14.2%

50 to 59 years:

4,057

14.1%

13.6%

60 to 69 years:

2,830

9.8%

9.4%

70 to 79 years:

1,348

4.7%

5.4%

80 years and over:

552

1.9%

3.7%

Housing Information (55434 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$116,200

$119,600

Median year homes build:

1978

1971

Median real estate taxes:

$1,101 / yr.

$1,334 / yr.

Median rent:

$691 / mo.

$519 / mo.

Total households:

10,993

Family households:

7,656

69.6%

66.4%

Nonfamily households:

3,337

30.4%

33.6%

Households with individuals under 18 years:

3,778

34.4%

33.4%

Households with individuals 65 years and over:

2,290

20.8%

24.9%

Average household size:

2.6

Average family size:

3.1

Total housing units:

11,342

Occupied housing units:

10,993

96.9%

88.6%

Vacant housing units:

349

3.1%

11.4%

For rent:

0.8%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

127

1.1%

1.4%

Sold, not occupied:

0.1%

0.3%

For seasonal, recreational, or occasional use:

0.2%

3.5%

All other vacants:

0.9%

2.8%

Homeowner vacancy rate:

1.3%

2.4%

Rental vacancy rate:

4.9%

9.2%

Owner-occupied housing units:

9,317

Population in owner-occupied housing units:

24,557

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

1,676

Population in renter-occupied housing units:

4,146

Average household size of renter-occupied units:

2.5

2.44

Educational Attainment (55434 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

17,495

Less than 9th grade:

440

2.5%

6.2%

9th to 12th grade, no diploma:

1,296

7.4%

8.7%

High school graduate (includes equivalency):

6,161

35.2%

29.0%

Some college, no degree:

5,078

29.0%

20.6%

Associate degree:

1,559

8.9%

7.5%

Bachelor's degree:

2,298

13.1%

17.6%

Graduate or professional degree:

663

3.8%

10.3%

Percent high school graduate or higher:

90.1%

85.0%

Percent bachelor's degree or higher:

16.9%

27.9%

Income Information (55434 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:

10,089

35.0%

50.4%

Median income:

$34,443 / yr.

$27,932 / yr.

Full-time, year-round workers:

6,784

23.5%

59.7%

Median income:

$39,632 / yr.

$38,349 / yr.

Females 15 years and over with income:

10,103

35.1%

49.6%

Median income:

$22,162 / yr.

$16,327 / yr.

Full-time, year-round workers:

4,891

17.0%

40.3%

Median income:

$30,525 / yr.

$28,135 / yr.

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