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Hennepin County · Minnesota

ZIP code 55364

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 55364 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
13,959

ZCTA residents

Median income
$111,083

Household, past 12 months

Median home
$411,200

Owner-occupied value

Sales tax
6.875%

Minnesota state rate

Quick answer

ZIP 55364 sits in Hennepin County, Minnesota and is home to 13,959 people. Median household income is $111,083, the median home is worth $411,200 and median gross rent is $1,128. 81.3% of households own their home, and purchases are taxed at 6.875% (Minnesota state rate).

County
Hennepin County

FIPS 27053

State
Minnesota (MN)

880 ZIPs covered

Area codes
Not published

No NANPA match for this ZIP

Metro area
Outside covered metros

Rate jurisdiction used for tax

The numbers for 55364

American Community Survey 2019-2023 ACS 5-year estimates for this ZCTA.

Population
13,959ZIP 55364 residents
Median household income
$111,083Past 12 months, inflation adjusted
Median home value
$411,200Owner-occupied units
Median gross rent
$1,128Rent plus utilities, monthly
Median age
46.1 yrsAll residents
Homeownership rate
81.3%Owner-occupied households

ZIP 55364 in context

How this area compares with national benchmarks.

ZIP 55364 is a mid-size town in Hennepin County, Minnesota, with 13,959 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #143 of 880 ranked by population — larger than 83% of them. The median age here is 46.1 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in ZIP 55364 earn a median of $111,083 a year, 41.4% above the national figure of $78,538. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 6.5% of residents here, below the 12.4% national rate.

The typical owner-occupied home in ZIP 55364 is valued at $411,200, 35.5% above the national figure, while median gross rent runs $1,128 a month, 19.8% below the national figure, or roughly $13,536 across a full year. A household on the local median income would put about 12.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 3.7×, against roughly 3.9× nationally, so buying is easier here than in the average US market. 81.3% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Reading ZIP 55364 in context

How 55364 sits inside Hennepin County and Minnesota.

ZIP 55364 is tabulated inside Hennepin County, Minnesota, one of 67 ZIP areas the Census publishes for that county and 880 across Minnesota. This is a mid-sized suburban ZIP inside a county that is split across many delivery areas. County assignment on this page follows the largest share of the ZIP's land area, which matters where a delivery route crosses a county line: mail addressed to 55364 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 55364 reports a median household income of $111,083, 8% above the $103,176 county median, and 47% above the $75,417 typical MN ZIP. Owner-occupied homes are valued at a median of $411,200, 6% above the county figure and 86% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,128 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

Minnesota charges 6.875% statewide, and local governments overlapping 55364 may add county, city or special-district levies on top. We publish the state floor for this ZIP rather than guessing a combined figure, because ZIP boundaries and taxing-district boundaries were drawn for different purposes and do not line up.

Everything above comes from the Census Bureau American Community Survey 2019-2023 ACS 5-year estimates for this ZIP Code Tabulation Area, with sales tax rates traced to the state revenue agency. Five-year estimates pool sixty months of responses, so they are stable enough to compare 55364 with its neighbours but always trail the current year, and any value the Census suppressed for sample size is shown as unpublished rather than filled in with a model.

Sales tax in 55364

What a purchase inside this ZIP costs at checkout.

Rate applied
6.875%State base rate only
Tax on $100
$7Rounded to the dollar
Tax on $1,000
$69Before any exemptions

Minnesota levies 6.875% statewide, and counties, cities and special districts inside this ZIP can add their own local rate on top. Check the county page for the local component before you quote a price.

Affordability in this ZIP

Derived from the Census medians above — indicative, not an offer.

Rent burden
12%Median rent ÷ median income
Price-to-income
3.7×Home value ÷ household income
Est. mortgage
$2,134/mo20% down, 30-yr at 6.75%
Poverty rate
6.5%Residents below poverty line

A rent burden above 30% is the federal threshold for cost-burdened households, and a price-to-income multiple above 4× is generally considered a stretched housing market. The mortgage figure is principal and interest only — taxes, insurance and HOA dues are extra.

How 55364 compares

ZIP 55364 against the median ZIP in Hennepin County and across Minnesota.

MeasureZIP 55364County medianState medianvs state
Median household income$111,083$103,176$75,417+47%
Median home value$411,200$387,500$221,650+86%
Median gross rent$1,128$1,444$925+22%
Population13,95918,6021,800+676%

Medians are computed across the 67 ZIP areas in Hennepin County and the 880 ZIP areas in Minnesota.

Statewide rank

Where this ZIP places among all 880 Minnesota ZIP areas.

Income

richer than 91% of 862 state ZIPs

#81
Home value

above 94% of 856 state ZIPs

#55
Population

larger than 84% of 880 state ZIPs

#143

Comparable ZIP codes

Minnesota ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
55319Sherburne County$111,343$349,300$950
55045Chisago County$110,685$373,500$993
55330Sherburne County$111,481$355,200$1,356
55079Chisago County$111,484$335,400$1,547
55982Mower County$111,667$266,800$1,069
55318Carver County$111,781$389,200$1,430

Nearby ZIP codes

Other ZIP codes filed under Hennepin County.

Adjacent ZIP Codes

Other ZIP codes in Hennepin County, Minnesota.

ZIP 55364 questions

Common questions about this ZIP code.

Where is ZIP code 55364?
ZIP 55364 lies mostly in Hennepin County, Minnesota. County assignment follows the largest share of land area, so a ZIP straddling a county line is filed under its dominant county.
What sales tax do I pay in 55364?
Minnesota charges 6.875% statewide, plus any county, city or district rate that applies locally.
Is 55364 expensive to live in?
Median rent runs $1,128 a month, about 12% of median household income, and the median home is worth $411,200 — +86% against the typical Minnesota ZIP.
Is a ZCTA the same as a postal ZIP code?
Not exactly. The Census builds ZIP Code Tabulation Areas from the ZIP codes of addresses inside each census block, so a ZCTA can differ slightly from the USPS delivery route of the same number, and PO-box-only ZIPs have no ZCTA at all.

Related pages for this area.

Sources & transparency

Every figure on this page is a published estimate for ZIP Code Tabulation Area 55364, except the affordability ratios and mortgage estimate, which we derive from those medians and label as estimates.

Last reviewed December 2024. Figures are published for reference and can change; verify with the source agency before filing or contracting. How we build and check this data.