ZIP Code 55407

ZIP Code Tabulation Area in Hennepin County, Minnesota.

Population: 36,992
Median household income: $78,206
Median home value: $317,000

Covering part of Hennepin County, Minnesota, ZIP Code 55407 has about 36,992 residents. The median household income of $78,206 is below the Hennepin County median ($96,339).

From 2019 to 2023, ZIP Code 55407's population declined 9.7% from 40,980 to 36,992, while its median gross rent rose 19.6% from $1,019 to $1,219.

Owners occupy 60.3% of the area's occupied homes. The median resident is 34.3 years old.

Demographics

ACS 2019–2023

Population: 36,992
Median age: 34.3 yrs
Median household income: $78,206
Median home value: $317,000
Median gross rent: $1,219
Housing units: 15,979
Homeownership rate: 60.3%
Bachelor's degree or higher: 48.5%
Unemployment rate: 7.1%

Trends

ACS 5-year · 2019–2023

Population

40,98036,992

Median household income

$62,091$78,206

Median home value

$214,500$317,000

Median gross rent

$1,019$1,219

Year	Population	Median household income	Median home value	Median gross rent
2019	40,980	$62,091	$214,500	$1,019
2020	40,792	$66,498	$238,300	$1,022
2021	38,921	$70,125	$257,300	$1,104
2022	36,997	$74,518	$291,500	$1,162
2023	36,992	$78,206	$317,000	$1,219

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

Age distribution

Under 56.2%

5 to 1718.9%

18 to 245.8%

25 to 3420.3%

35 to 4418.1%

45 to 5410.7%

55 to 6410.0%

65 to 747.1%

75 and over3.0%

	Count	Share
Under 5	2,291	6.2%
5 to 17	6,977	18.9%
18 to 24	2,133	5.8%
25 to 34	7,516	20.3%
35 to 44	6,700	18.1%
45 to 54	3,953	10.7%
55 to 64	3,697	10.0%
65 to 74	2,617	7.1%
75 and over	1,108	3.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	18,487	50.0%
Black or African American	6,780	18.3%
American Indian & Alaska Native	280	0.8%
Asian	667	1.8%
Native Hawaiian & Pacific Islander	8	0.0%
Some other race	215	0.6%
Two or more races	1,944	5.3%
Hispanic or Latino (any race)	8,611	23.3%

Educational attainment (age 25+)

No high school diploma14.8%

High school graduate14.0%

Some college or associate's22.7%

Bachelor's degree31.2%

Graduate or professional degree17.3%

	Count	Share
No high school diploma	3,791	14.8%
High school graduate	3,575	14.0%
Some college or associate's	5,815	22.7%
Bachelor's degree	7,976	31.2%
Graduate or professional degree	4,434	17.3%

Commute to work

Mean travel time to work: 24 min

Drove alone54.5%

Carpooled7.3%

Public transit7.6%

Walked3.7%

Bicycle2.9%

Worked from home22.6%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	10,415	54.5%
Carpooled	1,396	7.3%
Public transit	1,444	7.6%
Walked	710	3.7%
Bicycle	554	2.9%
Worked from home	4,322	22.6%
Other means	258	1.4%

Travel time

	Count	Share
Under 15 min	2,985	20.2%
15 to 29 min	7,259	49.1%
30 to 44 min	3,148	21.3%
45 to 59 min	807	5.5%
60+ min	578	3.9%

Households

Average household size: 2.47
Poverty rate: 16.9% (6,185 of 36,613)

	Count	Share
Family households	7,736	52.3%
Nonfamily households	7,045	47.7%

Housing

Median year structure built: 1938

Occupancy

	Count	Share
Occupied	14,781	92.5%
Vacant	1,198	7.5%

Tenure (of occupied units)

	Count	Share
Owner-occupied	8,912	60.3%
Renter-occupied	5,869	39.7%

1-unit, detached50.4%

1-unit, attached3.6%

2 to 4 units22.0%

5 to 19 units10.2%

20 or more units13.2%

Mobile home & other0.5%

Units in structure

	Count	Share
1-unit, detached	8,058	50.4%
1-unit, attached	575	3.6%
2 to 4 units	3,523	22.0%
5 to 19 units	1,631	10.2%
20 or more units	2,106	13.2%
Mobile home & other	86	0.5%

ZIP Code 55407

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

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