ZIP Code 55408
ZIP Code Tabulation Area in Hennepin County, Minnesota.
- Population
- 32,534
- Median household income
- $72,421
- Median home value
- $387,500
+2.5%’19–’23
+20.9%’19–’23
+35.4%’19–’23
ZIP Code 55408 (Hennepin County, Minnesota) is home to about 32,534 residents. Its median household income of $72,421 runs below the Hennepin County figure of $96,339.
Between 2019 and 2023, ZIP Code 55408's population grew 2.5% from 31,731 to 32,534, while its median gross rent rose 26.9% from $1,091 to $1,385.
16.2% of homes are single-family detached houses. The typical home was built around 1952.
Demographics
ACS 2019–2023- Population
- 32,534
- Median age
- 30.1 yrs
- Median household income
- $72,421
- Median home value
- $387,500
- Median gross rent
- $1,385
- Housing units
- 17,874
- Homeownership rate
- 24.8%
- Bachelor's degree or higher
- 58.9%
- Unemployment rate
- 6.1%
Trends
ACS 5-year · 2019–202331,73132,534
$59,917$72,421
$286,200$387,500
$1,091$1,385
| Year | Population | Median household income | Median home value | Median gross rent |
|---|---|---|---|---|
| 2019 | 31,731 | $59,917 | $286,200 | $1,091 |
| 2020 | 32,276 | $61,896 | $287,000 | $1,127 |
| 2021 | 31,613 | $64,911 | $313,100 | $1,199 |
| 2022 | 32,312 | $70,158 | $373,400 | $1,315 |
| 2023 | 32,534 | $72,421 | $387,500 | $1,385 |
Each year is a US Census Bureau ACS 5-year estimate ending that year.
Age distribution
Under 55.0%
5 to 178.6%
18 to 2415.2%
25 to 3433.6%
35 to 4412.8%
45 to 549.2%
55 to 648.4%
65 to 744.7%
75 and over2.5%
| Count | Share | |
|---|---|---|
| Under 5 | 1,618 | 5.0% |
| 5 to 17 | 2,805 | 8.6% |
| 18 to 24 | 4,949 | 15.2% |
| 25 to 34 | 10,917 | 33.6% |
| 35 to 44 | 4,174 | 12.8% |
| 45 to 54 | 2,979 | 9.2% |
| 55 to 64 | 2,741 | 8.4% |
| 65 to 74 | 1,532 | 4.7% |
| 75 and over | 819 | 2.5% |
Race & ethnicity
| Count | Share | |
|---|---|---|
| White (non-Hispanic) | 19,322 | 59.4% |
| Black or African American | 5,620 | 17.3% |
| American Indian & Alaska Native | 285 | 0.9% |
| Asian | 1,547 | 4.8% |
| Native Hawaiian & Pacific Islander | 58 | 0.2% |
| Some other race | 147 | 0.5% |
| Two or more races | 1,872 | 5.8% |
| Hispanic or Latino (any race) | 3,683 | 11.3% |
Educational attainment (age 25+)
No high school diploma9.2%
High school graduate11.2%
Some college or associate's20.7%
Bachelor's degree38.9%
Graduate or professional degree20.0%
| Count | Share | |
|---|---|---|
| No high school diploma | 2,138 | 9.2% |
| High school graduate | 2,603 | 11.2% |
| Some college or associate's | 4,786 | 20.7% |
| Bachelor's degree | 9,007 | 38.9% |
| Graduate or professional degree | 4,628 | 20.0% |
Commute to work
- Mean travel time to work
- 24 min
Drove alone54.5%
Carpooled4.1%
Public transit9.4%
Walked3.4%
Bicycle3.0%
Worked from home23.8%
Other means1.8%
How workers get to work
| Count | Share | |
|---|---|---|
| Drove alone | 11,725 | 54.5% |
| Carpooled | 878 | 4.1% |
| Public transit | 2,026 | 9.4% |
| Walked | 735 | 3.4% |
| Bicycle | 655 | 3.0% |
| Worked from home | 5,123 | 23.8% |
| Other means | 388 | 1.8% |
Travel time
| Count | Share | |
|---|---|---|
| Under 15 min | 2,911 | 17.7% |
| 15 to 29 min | 8,333 | 50.8% |
| 30 to 44 min | 3,984 | 24.3% |
| 45 to 59 min | 463 | 2.8% |
| 60+ min | 716 | 4.4% |
Households
- Average household size
- 1.86
- Poverty rate
- 15.3% (4,921 of 32,240)
| Count | Share | |
|---|---|---|
| Family households | 4,684 | 27.3% |
| Nonfamily households | 12,469 | 72.7% |
Housing
- Median year structure built
- 1952
Occupancy
| Count | Share | |
|---|---|---|
| Occupied | 17,153 | 96.0% |
| Vacant | 721 | 4.0% |
Tenure (of occupied units)
| Count | Share | |
|---|---|---|
| Owner-occupied | 4,260 | 24.8% |
| Renter-occupied | 12,893 | 75.2% |
1-unit, detached16.2%
1-unit, attached2.7%
2 to 4 units18.3%
5 to 19 units24.1%
20 or more units38.7%
Mobile home & other0.0%
Units in structure
| Count | Share | |
|---|---|---|
| 1-unit, detached | 2,900 | 16.2% |
| 1-unit, attached | 479 | 2.7% |
| 2 to 4 units | 3,273 | 18.3% |
| 5 to 19 units | 4,299 | 24.1% |
| 20 or more units | 6,919 | 38.7% |
| Mobile home & other | 4 | 0.0% |
Geography
- ZCTA
- 55408
- Land area
- 2.69 sq mi
- Water area
- 0.67 sq mi
- Center point
- 44.9438, -93.2939
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)