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Hennepin County · Minnesota

ZIP code 55409

Population, income, housing costs and the sales tax rate charged on purchases inside ZIP 55409 — Census 2019-2023 ACS 5-year, no modelled estimates.
Population
11,405

ZCTA residents

Median income
$98,056

Household, past 12 months

Median home
$365,500

Owner-occupied value

Sales tax
9.025%

Combined state + local

Quick answer

ZIP 55409 sits in Hennepin County, Minnesota and is home to 11,405 people. Median household income is $98,056, the median home is worth $365,500 and median gross rent is $1,364. 68.4% of households own their home, and purchases are taxed at 9.025% combined.

County
Hennepin County

FIPS 27053

State
Minnesota (MN)

880 ZIPs covered

Area codes
218, 612, 651, 763, 952

NANPA codes serving this area

Metro area
Minneapolis

Rate jurisdiction used for tax

The numbers for 55409

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

Population
11,405ZIP 55409 residents
Median household income
$98,056Past 12 months, inflation adjusted
Median home value
$365,500Owner-occupied units
Median gross rent
$1,364Rent plus utilities, monthly
Median age
36.5 yrsAll residents
Homeownership rate
68.4%Owner-occupied households

ZIP 55409 in context

How this area compares with national benchmarks.

ZIP 55409 is a mid-size town in Hennepin County, Minnesota, with 11,405 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #155 of 880 ranked by population — larger than 82% of them. The median age here is 36.5 years against 39.1 nationally, a slightly younger profile than the country as a whole. 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 55409 earn a median of $98,056 a year, 24.9% 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 7.2% of residents here, below the 12.4% national rate.

The typical owner-occupied home in ZIP 55409 is valued at $365,500, 20.5% above the national figure, while median gross rent runs $1,364 a month, 3% below the national figure, or roughly $16,368 across a full year. A household on the local median income would put about 16.7% 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. 68.4% of occupied homes are owner-occupied versus 65% nationally, so the market leans toward owners. The rent line includes utilities paid by the tenant, a definition worth remembering when comparing it against a landlord's quoted rate.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. 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 55409 in context

How 55409 sits inside Hennepin County and Minnesota.

ZIP 55409 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 55409 can be handled by a post office in a neighbouring county even though the tabulation area is filed here.

Against its own county, 55409 reports a median household income of $98,056, 5% below the $103,176 county median, and 30% above the $75,417 typical MN ZIP. Owner-occupied homes are valued at a median of $365,500, 6% below the county figure and 65% above the statewide ZIP median. Rent is reported gross — the contract amount plus tenant-paid utilities — at $1,364 a month, which is why it reads higher than the advertised rent on a listing for the same unit.

A taxable purchase made inside 55409 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 55409 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 55409 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 55409

What a purchase inside this ZIP costs at checkout.

Rate applied
9.025%Minneapolis jurisdiction stack
Tax on $100
$9Rounded to the dollar
Tax on $1,000
$90Before any exemptions

This ZIP falls inside the Minneapolis rate area, so state, county, city and district levies are published here as a full stack.

Affordability in this ZIP

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

Rent burden
17%Median rent ÷ median income
Price-to-income
3.7×Home value ÷ household income
Est. mortgage
$1,897/mo20% down, 30-yr at 6.75%
Poverty rate
7.2%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 55409 compares

ZIP 55409 against the median ZIP in Hennepin County and across Minnesota.

MeasureZIP 55409County medianState medianvs state
Median household income$98,056$103,176$75,417+30%
Median home value$365,500$387,500$221,650+65%
Median gross rent$1,364$1,444$925+47%
Population11,40518,6021,800+534%

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 83% of 862 state ZIPs

#147
Home value

above 89% of 856 state ZIPs

#95
Population

larger than 82% of 880 state ZIPs

#155

Comparable ZIP codes

Minnesota ZIP areas with almost the same household income.

ZIPCountyIncomeHome valueRent
55076Dakota County$98,026$308,900$1,340
55306Dakota County$98,012$366,300$1,610
55437Hennepin County$98,120$362,600$1,624
55312McLeod County$97,976$214,100$879
55363Wright County$98,287$273,000$1,344
55718Carlton County$98,448$288,400$878

Nearby ZIP codes

Other ZIP codes filed under Hennepin County.

Adjacent ZIP Codes

Other ZIP codes in Hennepin County, Minnesota.

ZIP 55409 questions

Common questions about this ZIP code.

Where is ZIP code 55409?
ZIP 55409 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 55409?
Purchases are taxed at 9.025% combined, built from the Minneapolis jurisdiction stack.
Is 55409 expensive to live in?
Median rent runs $1,364 a month, about 17% of median household income, and the median home is worth $365,500 — +65% 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 55409, 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.