ZIP code 55405

ZIP 55405 is a mid-size town in Hennepin County, Minnesota, with 16,915 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #121 of 880 ranked by population — larger than 86% of them. The median age here is 31.4 years against 39.1 nationally, a distinctly younger profile, typical of places with students, military posts or a fast-growing family population. 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 55405 earn a median of $70,425 a year, 10.3% below 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 20.6% of residents here, well above the 12.4% national rate, which is the single clearest signal in this dataset that median income here is carried by a narrow band of households.

The typical owner-occupied home in ZIP 55405 is valued at $450,200, 48.4% above the national figure, while median gross rent runs $1,188 a month, 15.5% below the national figure, or roughly $14,256 across a full year. A household on the local median income would put about 20.2% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 6.4×, against roughly 3.9× nationally, so buying is out of reach on local earnings alone and the ownership market leans on outside income, equity or dual high earners. 36% of occupied homes are owner-occupied versus 65% nationally, a renter-majority market, so rent figures matter more here than the home-value line. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Home values sit at 6.4× median household income, far past the 3.9× national mark, so ownership costs here are set by something other than local wages — second homes, retirees with equity, or commuters earning elsewhere.

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.

ZIP 55405 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 55405 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 55405 reports a median household income of $70,425, 32% below the $103,176 county median, and 7% below the $75,417 typical MN ZIP. Owner-occupied homes are valued at a median of $450,200, 16% above the county figure and 103% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,188 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

A taxable purchase made inside 55405 carries 9.025% at the register, assembled from the Minneapolis jurisdiction stack: the Minnesota state rate plus every county, municipal and special district levy that reaches this address. Because those district boundaries were drawn for schools, transit and hospital funding rather than for mail delivery, two addresses inside 55405 can legitimately fall under different totals — the rate shown here is the one that applies to the dominant jurisdiction.

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 55405 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.