55403 Zip Code

April 19, 2024

Zip Code:	55403
City/Town:	Minneapolis
State:	Minnesota

Population:	14,985
Per Capita Income:	$46,580
Mean Household Income:	$65,274

Total Housing Units:	10,121
Median Home Value:	$438,100
Median Year Homes Built:	1953

Land Area:	1.4 sq miles 3.5 sq kilometers
Water Area:	0.0 sq miles 0.0 sq kilometers

Population Information (55403 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Total Population:

14,985

Male:

8,037

53.6%

49.2%

Female:

6,948

46.4%

50.8%

Median Age:

33.8 yrs

37.2 yrs

Under 5 years:

348

2.3%

6.5%

5 to 9 years:

202

2.4%

6.6%

10 to 19 years:

503

3.4%

13.8%

20 to 29 years:

5,117

34.1%

13.8%

30 to 39 years:

2,635

17.6%

13.0%

40 to 49 years:

1,828

12.2%

14.2%

50 to 59 years:

1,803

12.0%

13.6%

60 to 69 years:

1,204

8.0%

9.4%

70 to 79 years:

769

5.1%

5.4%

80 years and over:

576

3.8%

3.7%

Housing Information (55403 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Median home value:

$438,100

$119,600

Median year homes build:

1953

1971

Median real estate taxes:

$7,134 / yr.

$1,334 / yr.

Median rent:

$523 / mo.

$519 / mo.

Total households:

10,121

Family households:

1,766

17.4%

66.4%

Nonfamily households:

8,355

82.6%

33.6%

Households with individuals under 18 years:

535

5.3%

33.4%

Households with individuals 65 years and over:

1,454

14.4%

24.9%

Average household size:

1.4

Average family size:

2.4

Total housing units:

11,573

Occupied housing units:

10,121

87.5%

88.6%

Vacant housing units:

1,452

12.5%

11.4%

For rent:

837

7.2%

3.1%

Rented, not occupied:

0.5%

0.2%

For sale only:

183

1.6%

1.4%

Sold, not occupied:

0.2%

0.3%

For seasonal, recreational, or occasional use:

289

2.5%

3.5%

All other vacants:

0.6%

2.8%

Homeowner vacancy rate:

7.8%

2.4%

Rental vacancy rate:

9.4%

9.2%

Owner-occupied housing units:

2,131

Population in owner-occupied housing units:

3,624

Average household size of owner-occupied units:

1.7

2.65

Renter-occupied housing units:

7,990

Population in renter-occupied housing units:

10,633

Average household size of renter-occupied units:

1.3

2.44

Educational Attainment (55403 zip code)

Number/Percent/U.S. Avg

Percent

U.S. Avg

Population 25 years and over

11,654

Less than 9th grade:

307

2.6%

6.2%

9th to 12th grade, no diploma:

686

5.9%

8.7%

High school graduate (includes equivalency):

1,311

11.2%

29.0%

Some college, no degree:

2,615

22.4%

20.6%

Associate degree:

614

5.3%

7.5%

Bachelor's degree:

3,703

31.8%

17.6%

Graduate or professional degree:

2,418

20.7%

10.3%

Percent high school graduate or higher:

91.5%

85.0%

Percent bachelor's degree or higher:

52.5%

27.9%

Income Information (55403 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:

7,549

50.4%

Median income:

$26,085 / yr.

$27,932 / yr.

Full-time, year-round workers:

3,823

25.5%

59.7%

Median income:

$36,527 / yr.

$38,349 / yr.

Females 15 years and over with income:

6,056

40.4%

49.6%

Median income:

$22,656 / yr.

$16,327 / yr.

Full-time, year-round workers:

2,591

17.3%

40.3%

Median income:

$32,403 / yr.

$28,135 / yr.

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