ZIP Code 55405
ZIP Code Tabulation Area in Hennepin County, Minnesota.
- Population
- 16,915
- Median household income
- $70,425
- Median home value
- $450,200
+6.1%’19–’23
+19.5%’19–’23
+26.9%’19–’23
Covering part of Hennepin County, Minnesota, ZIP Code 55405 has about 16,915 residents. The median household income of $70,425 is below the Hennepin County median ($96,339).
From 2019 to 2023, ZIP Code 55405's population grew 6.1% from 15,942 to 16,915, while its median gross rent rose 22.5% from $970 to $1,188.
Households average 1.96 people. The median gross rent is $1,188.
Demographics
ACS 2019–2023- Population
- 16,915
- Median age
- 31.4 yrs
- Median household income
- $70,425
- Median home value
- $450,200
- Median gross rent
- $1,188
- Housing units
- 8,724
- Homeownership rate
- 36.0%
- Bachelor's degree or higher
- 59.1%
- Unemployment rate
- 6.4%
Trends
ACS 5-year · 2019–202315,94216,915
$58,939$70,425
$354,700$450,200
$970$1,188
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 15,942 | $58,939 | $354,700 | $970 |
| 2020 | 16,277 | $62,349 | $356,400 | $987 |
| 2021 | 16,523 | $64,504 | $375,100 | $1,068 |
| 2022 | 17,099 | $66,901 | $441,400 | $1,154 |
| 2023 | 16,915 | $70,425 | $450,200 | $1,188 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 54.8%
5 to 1712.0%
18 to 2410.3%
25 to 3430.6%
35 to 4415.0%
45 to 548.0%
55 to 649.5%
65 to 746.9%
75 and over2.8%
| Count | Share | |
|---|---|---|
| Under 5 | 810 | 4.8% |
| 5 to 17 | 2,030 | 12.0% |
| 18 to 24 | 1,749 | 10.3% |
| 25 to 34 | 5,179 | 30.6% |
| 35 to 44 | 2,538 | 15.0% |
| 45 to 54 | 1,359 | 8.0% |
| 55 to 64 | 1,606 | 9.5% |
| 65 to 74 | 1,172 | 6.9% |
| 75 and over | 472 | 2.8% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 10,018 | 59.2% |
| Black or African American | 4,194 | 24.8% |
| American Indian & Alaska Native | 226 | 1.3% |
| Asian | 656 | 3.9% |
| Native Hawaiian & Pacific Islander | 0 | 0.0% |
| Some other race | 51 | 0.3% |
| Two or more races | 855 | 5.1% |
| Hispanic or Latino (any race) | 915 | 5.4% |
Educational attainment (age 25+)
No high school diploma4.7%
High school graduate10.9%
Some college or associate's25.3%
Bachelor's degree33.6%
Graduate or professional degree25.5%
| Count | Share | |
|---|---|---|
| No high school diploma | 575 | 4.7% |
| High school graduate | 1,343 | 10.9% |
| Some college or associate's | 3,120 | 25.3% |
| Bachelor's degree | 4,146 | 33.6% |
| Graduate or professional degree | 3,142 | 25.5% |
Commute to work
- Mean travel time to work
- 21 min
Drove alone49.8%
Carpooled6.9%
Public transit8.5%
Walked3.7%
Bicycle3.9%
Worked from home24.9%
Other means2.3%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 5,260 | 49.8% |
| Carpooled | 731 | 6.9% |
| Public transit | 894 | 8.5% |
| Walked | 388 | 3.7% |
| Bicycle | 416 | 3.9% |
| Worked from home | 2,634 | 24.9% |
| Other means | 239 | 2.3% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 2,181 | 27.5% |
| 15 to 29 min | 3,858 | 48.7% |
| 30 to 44 min | 1,129 | 14.2% |
| 45 to 59 min | 429 | 5.4% |
| 60+ min | 331 | 4.2% |
Households
- Average household size
- 1.96
- Poverty rate
- 20.6% (3,401 of 16,486)
| Count | Share | |
|---|---|---|
| Family households | 2,844 | 34.7% |
| Nonfamily households | 5,346 | 65.3% |
Housing
- Median year structure built
- 1943
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 8,190 | 93.9% |
| Vacant | 534 | 6.1% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 2,946 | 36.0% |
| Renter-occupied | 5,244 | 64.0% |
1-unit, detached26.8%
1-unit, attached2.1%
2 to 4 units18.5%
5 to 19 units27.2%
20 or more units25.0%
Mobile home & other0.3%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 2,341 | 26.8% |
| 1-unit, attached | 185 | 2.1% |
| 2 to 4 units | 1,615 | 18.5% |
| 5 to 19 units | 2,376 | 27.2% |
| 20 or more units | 2,183 | 25.0% |
| Mobile home & other | 24 | 0.3% |
Geography
- ZCTA
- 55405
- Land area
- 2.83 sq mi
- Water area
- 0.2 sq mi
- Center point
- 44.9727, -93.3019
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)