55401 Zip Code

April 25, 2024

Zip Code:	55401
City/Town:	Minneapolis
State:	Minnesota

Population:	6,590
Per Capita Income:	$48,324
Mean Household Income:	$70,545

Total Housing Units:	4,382
Median Home Value:	$199,300
Median Year Homes Built:	1976

Land Area:	0.9 sq miles 2.3 sq kilometers
Water Area:	0.1 sq miles 0.4 sq kilometers

Population Information (55401 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

6,590

Male:

3,698

56.1%

49.2%

Female:

2,892

43.9%

50.8%

Median Age:

35.0 yrs

37.2 yrs

Under 5 years:

149

2.3%

6.5%

5 to 9 years:

1.0%

6.6%

10 to 19 years:

1.4%

13.8%

20 to 29 years:

2,017

30.6%

13.8%

30 to 39 years:

1,602

24.3%

13.0%

40 to 49 years:

886

13.4%

14.2%

50 to 59 years:

832

12.6%

13.6%

60 to 69 years:

646

9.8%

9.4%

70 to 79 years:

214

3.2%

5.4%

80 years and over:

120

1.8%

3.7%

Housing Information (55401 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$199,300

$119,600

Median year homes build:

1976

1971

Median real estate taxes:

$1,228 / yr.

$1,334 / yr.

Median rent:

$752 / mo.

$519 / mo.

Total households:

4,382

Family households:

1,040

23.7%

66.4%

Nonfamily households:

3,342

76.3%

33.6%

Households with individuals under 18 years:

193

4.4%

33.4%

Households with individuals 65 years and over:

475

10.8%

24.9%

Average household size:

1.5

Average family size:

2.2

Total housing units:

4,912

Occupied housing units:

4,382

89.2%

88.6%

Vacant housing units:

530

10.8%

11.4%

For rent:

141

2.9%

3.1%

Rented, not occupied:

0.2%

For sale only:

107

2.2%

1.4%

Sold, not occupied:

0.4%

0.3%

For seasonal, recreational, or occasional use:

191

3.9%

3.5%

All other vacants:

1.3%

2.8%

Homeowner vacancy rate:

4.5%

2.4%

Rental vacancy rate:

6.1%

9.2%

Owner-occupied housing units:

2,232

Population in owner-occupied housing units:

3,346

Average household size of owner-occupied units:

1.5

2.65

Renter-occupied housing units:

2,150

Population in renter-occupied housing units:

3,083

Average household size of renter-occupied units:

1.4

2.44

Educational Attainment (55401 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

3,033

Less than 9th grade:

2.7%

6.2%

9th to 12th grade, no diploma:

149

4.9%

8.7%

High school graduate (includes equivalency):

352

11.6%

29.0%

Some college, no degree:

655

21.6%

20.6%

Associate degree:

143

4.7%

7.5%

Bachelor's degree:

942

31.1%

17.6%

Graduate or professional degree:

710

23.4%

10.3%

Percent high school graduate or higher:

92.4%

85.0%

Percent bachelor's degree or higher:

54.5%

27.9%

Income Information (55401 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:

1,765

26.8%

50.4%

Median income:

$36,158 / yr.

$27,932 / yr.

Full-time, year-round workers:

979

14.9%

59.7%

Median income:

$45,738 / yr.

$38,349 / yr.

Females 15 years and over with income:

1,416

21.5%

49.6%

Median income:

$25,991 / yr.

$16,327 / yr.

Full-time, year-round workers:

596

9.0%

40.3%

Median income:

$46,484 / yr.

$28,135 / yr.

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