ZIP code 55407 demographics
Minneapolis, Minnesota · Hennepin County
Quick answer
ZIP code 55407 has 36,992 residents and a median household income of $78,206 — level with the US median. Within Minneapolis it earns 8% more than the typical covered ZIP in the metro.
- Median household income
- $78,206#375 of 959 covered ZIPs
- Population
- 36,99214,781 households
- Median home value
- $317,000#505 of 955 covered ZIPs
- Median gross rent
- $1,219/moUS median $1,406/mo
- Median age
- 34.3US 39.1
- Owner-occupied
- 60.3%US 65%
- Below poverty line
- 16.9%US 12.5%
- Bachelor's or higher
- 48.5%Adults 25+, US 35%
Reading ZIP 55407
What the numbers say about this ZIP, in plain terms.
Ownership and renting are close to balanced here — 60.3% of occupied homes are owner-occupied against 65% nationally. 48.5% of adults 25 and over hold a bachelor's degree or higher. 16.9% of residents live below the federal poverty line. Sales tax charged on a purchase delivered to this ZIP is 9.025%.
Nearby ZIP codes
Other covered ZIPs in Minneapolis, highest median income first.
| ZIP | Median income | Median home value | Population |
|---|---|---|---|
| 55417 | $122,639 | $368,400 | 25,677 |
| 55401 | $115,651 | $401,500 | 11,526 |
| 55409 | $98,056 | $365,500 | 11,405 |
| 55406 | $91,865 | $335,500 | 35,863 |
| 55408 | $72,421 | $387,500 | 32,534 |
| 55412 | $71,905 | $226,400 | 26,182 |
| 55405 | $70,425 | $450,200 | 16,915 |
| 55403 | $59,928 | $285,200 | 17,354 |
| 55411 | $53,368 | $233,500 | 29,719 |
| 55414 | $47,004 | $454,200 | 33,739 |
| 55404 | $43,932 | $294,200 | 28,071 |
Related data
The same ZIP and its metro, from other angles.
Tables B01003, B19013, B25077, B25064, B01002, B25003, B17001 and B15003, 2019-2023 ACS 5-year (ZCTA). ZIP Code Tabulation Areas approximate USPS delivery areas and do not match them exactly.