ZIP Code 55316

ZIP Code Tabulation Area in Hennepin County, Minnesota.

Population: 23,450
Median household income: $115,719
Median home value: $338,400

ZIP Code 55316 (Hennepin County, Minnesota) is home to about 23,450 residents. Its median household income of $115,719 runs above the Hennepin County figure of $96,339.

Between 2019 and 2023, ZIP Code 55316's population declined 5.3% from 24,755 to 23,450, while its median gross rent rose 30.2% from $1,227 to $1,597.

Households average 2.69 people. The median gross rent is $1,597.

Demographics

ACS 2019–2023

Population: 23,450
Median age: 41.1 yrs
Median household income: $115,719
Median home value: $338,400
Median gross rent: $1,597
Housing units: 8,932
Homeownership rate: 89.5%
Bachelor's degree or higher: 36.6%
Unemployment rate: 3.2%

Trends

ACS 5-year · 2019–2023

Population

24,75523,450

Median household income

$92,858$115,719

Median home value

$237,800$338,400

Median gross rent

$1,227$1,597

Year	Population	Median household income	Median home value	Median gross rent
2019	24,755	$92,858	$237,800	$1,227
2020	24,980	$96,469	$254,200	$1,307
2021	23,877	$104,200	$271,300	$1,362
2022	23,666	$113,570	$320,100	$1,478
2023	23,450	$115,719	$338,400	$1,597

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 54.6%

5 to 1718.8%

18 to 245.6%

25 to 3411.5%

35 to 4414.0%

45 to 5412.5%

55 to 6418.1%

65 to 7410.2%

75 and over4.7%

	Count	Share
Under 5	1,085	4.6%
5 to 17	4,400	18.8%
18 to 24	1,320	5.6%
25 to 34	2,701	11.5%
35 to 44	3,284	14.0%
45 to 54	2,921	12.5%
55 to 64	4,247	18.1%
65 to 74	2,397	10.2%
75 and over	1,095	4.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	18,274	77.9%
Black or African American	2,500	10.7%
American Indian & Alaska Native	122	0.5%
Asian	1,056	4.5%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	131	0.6%
Two or more races	820	3.5%
Hispanic or Latino (any race)	547	2.3%

Educational attainment (age 25+)

No high school diploma2.0%

High school graduate23.1%

Some college or associate's38.3%

Bachelor's degree25.2%

Graduate or professional degree11.4%

	Count	Share
No high school diploma	338	2.0%
High school graduate	3,846	23.1%
Some college or associate's	6,368	38.3%
Bachelor's degree	4,198	25.2%
Graduate or professional degree	1,895	11.4%

Commute to work

Mean travel time to work: 26 min

Drove alone73.3%

Carpooled8.1%

Public transit1.3%

Walked0.3%

Bicycle0.3%

Worked from home15.6%

Other means1.1%

How workers get to work

	Count	Share
Drove alone	9,552	73.3%
Carpooled	1,056	8.1%
Public transit	170	1.3%
Walked	40	0.3%
Bicycle	44	0.3%
Worked from home	2,034	15.6%
Other means	139	1.1%

Travel time

	Count	Share
Under 15 min	1,697	15.4%
15 to 29 min	5,422	49.3%
30 to 44 min	2,610	23.7%
45 to 59 min	661	6.0%
60+ min	611	5.6%

Households

Average household size: 2.69
Poverty rate: 7.0% (1,638 of 23,346)

	Count	Share
Family households	6,652	76.5%
Nonfamily households	2,047	23.5%

Housing

Median year structure built: 1988

Occupancy

	Count	Share
Occupied	8,699	97.4%
Vacant	233	2.6%

Tenure (of occupied units)

	Count	Share
Owner-occupied	7,785	89.5%
Renter-occupied	914	10.5%

1-unit, detached76.4%

1-unit, attached13.1%

2 to 4 units0.8%

5 to 19 units0.9%

20 or more units8.5%

Mobile home & other0.3%

Units in structure

	Count	Share
1-unit, detached	6,822	76.4%
1-unit, attached	1,172	13.1%
2 to 4 units	67	0.8%
5 to 19 units	79	0.9%
20 or more units	762	8.5%
Mobile home & other	30	0.3%

ZIP Code 55316

Demographics

Trends

Age distribution

Race & ethnicity

Educational attainment (age 25+)

Commute to work

Households

Housing

Geography

Counties this ZIP covers

Compare with nearby ZIP codes

National ZIP rankings

Nearby ZIP codes