ZIP Code 55340
ZIP Code Tabulation Area in Hennepin County, Minnesota.
- Population
- 9,776
- Median household income
- $174,120
- Median home value
- $607,600
+15.4%’19–’23
+30.4%’19–’23
+26.7%’19–’23
Covering part of Hennepin County, Minnesota, ZIP Code 55340 has about 9,776 residents. Its median household income of $174,120 runs above the Hennepin County figure of $96,339.
From 2019 to 2023, ZIP Code 55340's population grew 15.4% from 8,475 to 9,776, while its median gross rent fell 3.5% from $1,483 to $1,431.
1.2% of residents live below the poverty line. Households average 2.89 people.
Demographics
ACS 2019–2023- Population
- 9,776
- Median age
- 38.4 yrs
- Median household income
- $174,120
- Median home value
- $607,600
- Median gross rent
- $1,431
- Housing units
- 3,418
- Homeownership rate
- 93.0%
- Bachelor's degree or higher
- 61.3%
- Unemployment rate
- 2.2%
Trends
ACS 5-year · 2019–20238,4759,776
$133,525$174,120
$479,400$607,600
$1,483$1,431
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 8,475 | $133,525 | $479,400 | $1,483 |
| 2020 | 8,679 | $149,000 | $487,700 | $1,623 |
| 2021 | 9,117 | $166,953 | $533,100 | $1,618 |
| 2022 | 9,414 | $169,762 | $596,300 | $1,290 |
| 2023 | 9,776 | $174,120 | $607,600 | $1,431 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 59.5%
5 to 1722.7%
18 to 242.5%
25 to 348.0%
35 to 4418.2%
45 to 5413.6%
55 to 6411.5%
65 to 746.8%
75 and over7.3%
| Count | Share | |
|---|---|---|
| Under 5 | 924 | 9.5% |
| 5 to 17 | 2,216 | 22.7% |
| 18 to 24 | 243 | 2.5% |
| 25 to 34 | 783 | 8.0% |
| 35 to 44 | 1,778 | 18.2% |
| 45 to 54 | 1,332 | 13.6% |
| 55 to 64 | 1,122 | 11.5% |
| 65 to 74 | 667 | 6.8% |
| 75 and over | 711 | 7.3% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 7,555 | 77.3% |
| Black or African American | 273 | 2.8% |
| American Indian & Alaska Native | 7 | 0.1% |
| Asian | 1,453 | 14.9% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 9 | 0.1% |
| Two or more races | 383 | 3.9% |
| Hispanic or Latino (any race) | 96 | 1.0% |
Educational attainment (age 25+)
No high school diploma4.1%
High school graduate12.7%
Some college or associate's21.8%
Bachelor's degree36.7%
Graduate or professional degree24.6%
| Count | Share | |
|---|---|---|
| No high school diploma | 264 | 4.1% |
| High school graduate | 814 | 12.7% |
| Some college or associate's | 1,394 | 21.8% |
| Bachelor's degree | 2,348 | 36.7% |
| Graduate or professional degree | 1,573 | 24.6% |
Commute to work
- Mean travel time to work
- 26 min
Drove alone57.3%
Carpooled3.4%
Public transit0.3%
Walked0.4%
Bicycle0.0%
Worked from home36.0%
Other means2.5%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 2,648 | 57.3% |
| Carpooled | 158 | 3.4% |
| Public transit | 16 | 0.3% |
| Walked | 17 | 0.4% |
| Bicycle | 0 | 0.0% |
| Worked from home | 1,665 | 36.0% |
| Other means | 116 | 2.5% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 523 | 17.7% |
| 15 to 29 min | 1,124 | 38.0% |
| 30 to 44 min | 816 | 27.6% |
| 45 to 59 min | 381 | 12.9% |
| 60+ min | 111 | 3.8% |
Households
- Average household size
- 2.89
- Poverty rate
- 1.2% (115 of 9,761)
| Count | Share | |
|---|---|---|
| Family households | 2,724 | 80.7% |
| Nonfamily households | 652 | 19.3% |
Housing
- Median year structure built
- 1999
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 3,376 | 98.8% |
| Vacant | 42 | 1.2% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 3,139 | 93.0% |
| Renter-occupied | 237 | 7.0% |
1-unit, detached84.2%
1-unit, attached5.1%
2 to 4 units2.7%
5 to 19 units0.0%
20 or more units3.6%
Mobile home & other4.4%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 2,879 | 84.2% |
| 1-unit, attached | 175 | 5.1% |
| 2 to 4 units | 91 | 2.7% |
| 5 to 19 units | 0 | 0.0% |
| 20 or more units | 124 | 3.6% |
| Mobile home & other | 149 | 4.4% |
Geography
- ZCTA
- 55340
- Land area
- 36 sq mi
- Water area
- 0.64 sq mi
- Center point
- 45.0783, -93.5721
Counties this ZIP covers
1Compare with nearby ZIP codes
6National ZIP rankings
21- Largest by population
- Most densely populated
- Highest median household income
- Highest median home value
- Most affordable home values
- Highest median gross rent
- Cheapest median gross rent
- Oldest by median age
- Youngest by median age
- Most college-educated
- Highest poverty rate
- Lowest poverty rate
- Highest homeownership rate
- Lowest homeownership rate
- Longest commutes
- Shortest commutes
- Largest households
- Newest housing
- Oldest housing
- Fastest-growing (2019–2023)
- Fastest-shrinking (2019–2023)