55345 Zip Code

April 26, 2024

Zip Code:	55345
City/Town:	Minnetonka
State:	Minnesota

Population:	21,147
Per Capita Income:	$45,737
Mean Household Income:	$117,622

Total Housing Units:	8,475
Median Home Value:	$189,500
Median Year Homes Built:	1970

Land Area:	11.4 sq miles 29.5 sq kilometers
Water Area:	0.3 sq miles 0.7 sq kilometers

Population Information (55345 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

21,147

Male:

10,292

48.7%

49.2%

Female:

10,855

51.3%

50.8%

Median Age:

46.0 yrs

37.2 yrs

Under 5 years:

1,028

4.9%

6.5%

5 to 9 years:

1,279

7.2%

6.6%

10 to 19 years:

3,086

14.6%

13.8%

20 to 29 years:

1,533

7.2%

13.8%

30 to 39 years:

1,904

9.0%

13.0%

40 to 49 years:

3,356

15.9%

14.2%

50 to 59 years:

4,098

19.4%

13.6%

60 to 69 years:

2,579

12.2%

9.4%

70 to 79 years:

1,296

6.1%

5.4%

80 years and over:

988

4.7%

3.7%

Housing Information (55345 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$189,500

$119,600

Median year homes build:

1970

1971

Median real estate taxes:

$2,728 / yr.

$1,334 / yr.

Median rent:

$764 / mo.

$519 / mo.

Total households:

8,475

Family households:

6,133

72.4%

66.4%

Nonfamily households:

2,342

27.6%

33.6%

Households with individuals under 18 years:

2,665

31.4%

33.4%

Households with individuals 65 years and over:

2,273

26.8%

24.9%

Average household size:

2.5

Average family size:

2.9

Total housing units:

8,764

Occupied housing units:

8,475

96.7%

88.6%

Vacant housing units:

289

3.3%

11.4%

For rent:

1.0%

3.1%

Rented, not occupied:

0.1%

0.2%

For sale only:

0.9%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

0.5%

3.5%

All other vacants:

0.7%

2.8%

Homeowner vacancy rate:

1.1%

2.4%

Rental vacancy rate:

6.5%

9.2%

Owner-occupied housing units:

7,148

Population in owner-occupied housing units:

18,439

Average household size of owner-occupied units:

2.6

2.65

Renter-occupied housing units:

1,327

Population in renter-occupied housing units:

2,539

Average household size of renter-occupied units:

1.9

2.44

Educational Attainment (55345 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

15,208

Less than 9th grade:

153

1.0%

6.2%

9th to 12th grade, no diploma:

433

2.8%

8.7%

High school graduate (includes equivalency):

2,165

14.2%

29.0%

Some college, no degree:

3,325

21.9%

20.6%

Associate degree:

1,070

7.0%

7.5%

Bachelor's degree:

5,489

36.1%

17.6%

Graduate or professional degree:

2,573

16.9%

10.3%

Percent high school graduate or higher:

96.1%

85.0%

Percent bachelor's degree or higher:

53.0%

27.9%

Income Information (55345 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:

8,109

38.3%

50.4%

Median income:

$47,318 / yr.

$27,932 / yr.

Full-time, year-round workers:

5,005

23.7%

59.7%

Median income:

$60,979 / yr.

$38,349 / yr.

Females 15 years and over with income:

8,092

38.3%

49.6%

Median income:

$26,039 / yr.

$16,327 / yr.

Full-time, year-round workers:

3,122

14.8%

40.3%

Median income:

$41,875 / yr.

$28,135 / yr.

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