| ZIP Code | 55401 |
|---|---|
| City | Minneapolis |
| State | Minnesota (MN) |
| County | Hennepin County |
| Area Code | 612/651/763/952 |
| Elevation | 837 ft |
| Latitude | 44.985367 |
|---|---|
| Longitude | -93.270208 |
| Timezone | Chicago (DST) |
| FIPS | 27053 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 34.9 yrs ↓ 2% since 2019 |
|---|---|
| Avg Household Size | 1.38 |
| Below Poverty | 4.8% ▼ 52% below avg |
| College Grads | 82.3% ▲ 113% above avg |
| Unemployment | 1.4% ▼ 71% below avg |
| No HS Diploma | 8 (0.1%) |
| HS Graduate | 563 (5.9%) |
| Some College | 376 (3.9%) |
| Associates | 747 (7.8%) |
| Bachelors | 368 (3.8%) |
| Graduate Degree | 7,528 (78.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $115,651 ▲ 52% above avg ↑ 23% since 2019 |
|---|---|
| Median Home Value | $401,500 ▲ 44% above avg ↑ 16% since 2019 |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $2,010/mo ↑ 19% since 2019 |
| Total Units | 8,988 |
| Vacant Units | 709 |
| Avg HH Size | 1.38 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 8,988 |
|---|---|
| Vacant | 709 |
| Owner Occupied | 29.0% |
| Renter Occupied | 71.0% |
| Avg HH Size | 1.38 |
ZIP code 55401 is located in Minneapolis, Minnesota, within Hennepin County. With a population of 11,526, this is a lightly populated ZIP code with a relatively young community — the median age is 34.9 years. Economically, 55401 is a upper-middle-income ZIP code: the median household income of $115,651 is significantly above the national average.
Real estate in ZIP code 55401 represents a premium housing market. The median home value of $401,500 is above the national average. Renters can expect to pay around $2,010 per month in median rent. This is predominantly a renter community, with 71.0% of occupied units rented — typical of urban and transitional neighborhoods. Median home values have increased by 16% since 2019.
The population of 55401 is primarily White (74.54%). Residents are highly educated — 82.3% hold a bachelor's degree or higher, which is more than double the national average. Poverty affects a relatively small share of residents at 4.8%. Household income has grown by 23% since 2019.
The unemployment rate in 55401 stands at 1.4%, which is well below the national average. A notably high share of workers — 31% — work from home, reflecting the professional makeup of the area. As in most parts of the country, driving alone is the dominant commute mode at 40%.
Overall, ZIP code 55401 in Minneapolis, MN is characterized as upper-middle-income, highly educated, and a relatively young community. With 11,526 residents, a median household income of $115,651, and a median home value of $401,500, it offers a clear picture of life in this part of Minnesota.