ZIP Code 55406
ZIP Code Tabulation Area in Hennepin County, Minnesota.
- Population
- 35,863
- Median household income
- $91,865
- Median home value
- $335,500
+6.9%’19–’23
+35.6%’19–’23
+44.6%’19–’23
Covering part of Hennepin County, Minnesota, ZIP Code 55406 has about 35,863 residents. Its median household income of $91,865 runs below the Hennepin County figure of $96,339.
Between 2019 and 2023, ZIP Code 55406's population grew 6.9% from 33,563 to 35,863, while its median gross rent rose 28.9% from $990 to $1,276.
The median gross rent is $1,276. 56.0% of adults 25 and older hold a bachelor's degree or higher.
Demographics
ACS 2019–2023- Population
- 35,863
- Median age
- 39.7 yrs
- Median household income
- $91,865
- Median home value
- $335,500
- Median gross rent
- $1,276
- Housing units
- 17,439
- Homeownership rate
- 66.8%
- Bachelor's degree or higher
- 56.0%
- Unemployment rate
- 5.3%
Trends
ACS 5-year · 2019–202333,56335,863
$67,723$91,865
$232,000$335,500
$990$1,276
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 33,563 | $67,723 | $232,000 | $990 |
| 2020 | 33,709 | $75,041 | $251,600 | $1,030 |
| 2021 | 35,997 | $77,888 | $271,600 | $1,101 |
| 2022 | 35,726 | $87,751 | $313,400 | $1,224 |
| 2023 | 35,863 | $91,865 | $335,500 | $1,276 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 56.5%
5 to 1712.4%
18 to 244.0%
25 to 3417.8%
35 to 4418.1%
45 to 5411.5%
55 to 6414.5%
65 to 749.6%
75 and over5.6%
| Count | Share | |
|---|---|---|
| Under 5 | 2,349 | 6.5% |
| 5 to 17 | 4,451 | 12.4% |
| 18 to 24 | 1,429 | 4.0% |
| 25 to 34 | 6,385 | 17.8% |
| 35 to 44 | 6,484 | 18.1% |
| 45 to 54 | 4,138 | 11.5% |
| 55 to 64 | 5,201 | 14.5% |
| 65 to 74 | 3,426 | 9.6% |
| 75 and over | 2,000 | 5.6% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 24,986 | 69.7% |
| Black or African American | 4,439 | 12.4% |
| American Indian & Alaska Native | 115 | 0.3% |
| Asian | 903 | 2.5% |
| Native Hawaiian & Pacific Islander | 17 | 0.0% |
| Some other race | 221 | 0.6% |
| Two or more races | 2,722 | 7.6% |
| Hispanic or Latino (any race) | 2,460 | 6.9% |
Educational attainment (age 25+)
No high school diploma6.9%
High school graduate13.5%
Some college or associate's23.7%
Bachelor's degree32.4%
Graduate or professional degree23.5%
| Count | Share | |
|---|---|---|
| No high school diploma | 1,912 | 6.9% |
| High school graduate | 3,722 | 13.5% |
| Some college or associate's | 6,536 | 23.7% |
| Bachelor's degree | 8,967 | 32.4% |
| Graduate or professional degree | 6,497 | 23.5% |
Commute to work
- Mean travel time to work
- 22 min
Drove alone53.4%
Carpooled4.7%
Public transit8.4%
Walked2.5%
Bicycle3.9%
Worked from home25.8%
Other means1.3%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 10,642 | 53.4% |
| Carpooled | 933 | 4.7% |
| Public transit | 1,664 | 8.4% |
| Walked | 502 | 2.5% |
| Bicycle | 768 | 3.9% |
| Worked from home | 5,137 | 25.8% |
| Other means | 266 | 1.3% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 3,348 | 22.7% |
| 15 to 29 min | 7,387 | 50.0% |
| 30 to 44 min | 2,965 | 20.1% |
| 45 to 59 min | 719 | 4.9% |
| 60+ min | 356 | 2.4% |
Households
- Average household size
- 2.14
- Poverty rate
- 8.2% (2,933 of 35,674)
| Count | Share | |
|---|---|---|
| Family households | 8,461 | 50.8% |
| Nonfamily households | 8,192 | 49.2% |
Housing
- Median year structure built
- 1938
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 16,653 | 95.5% |
| Vacant | 786 | 4.5% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 11,119 | 66.8% |
| Renter-occupied | 5,534 | 33.2% |
1-unit, detached62.0%
1-unit, attached3.9%
2 to 4 units11.8%
5 to 19 units5.9%
20 or more units16.5%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 10,815 | 62.0% |
| 1-unit, attached | 674 | 3.9% |
| 2 to 4 units | 2,055 | 11.8% |
| 5 to 19 units | 1,026 | 5.9% |
| 20 or more units | 2,869 | 16.5% |
| Mobile home & other | 0 | 0.0% |
Geography
- ZCTA
- 55406
- Land area
- 5.01 sq mi
- Water area
- 0.3 sq mi
- Center point
- 44.9387, -93.2210
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)