ZIP Code 55416

ZIP Code Tabulation Area in Hennepin County, Minnesota.

Population: 34,905
Median household income: $105,926
Median home value: $457,300

ZIP Code 55416 (Hennepin County, Minnesota) is home to about 34,905 residents. The median household income of $105,926 is above the Hennepin County median ($96,339).

From 2019 to 2023, ZIP Code 55416's population grew 5.7% from 33,036 to 34,905, while its median gross rent rose 27.7% from $1,332 to $1,701.

White (non-Hispanic) residents are the largest group, 78.8% of the population. 57.9% of workers drive to work alone.

Demographics

ACS 2019–2023

Population: 34,905
Median age: 35.8 yrs
Median household income: $105,926
Median home value: $457,300
Median gross rent: $1,701
Housing units: 19,197
Homeownership rate: 49.8%
Bachelor's degree or higher: 73.2%
Unemployment rate: 2.9%

Trends

ACS 5-year · 2019–2023

Population

33,03634,905

Median household income

$85,108$105,926

Median home value

$355,400$457,300

Median gross rent

$1,332$1,701

Year	Population	Median household income	Median home value	Median gross rent
2019	33,036	$85,108	$355,400	$1,332
2020	32,956	$93,155	$379,100	$1,374
2021	34,181	$93,875	$381,600	$1,453
2022	34,715	$99,383	$434,600	$1,623
2023	34,905	$105,926	$457,300	$1,701

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

Age distribution

Under 54.2%

5 to 1712.2%

18 to 247.9%

25 to 3424.6%

35 to 4412.4%

45 to 5411.3%

55 to 6411.4%

65 to 7410.0%

75 and over6.2%

	Count	Share
Under 5	1,458	4.2%
5 to 17	4,253	12.2%
18 to 24	2,751	7.9%
25 to 34	8,588	24.6%
35 to 44	4,311	12.4%
45 to 54	3,939	11.3%
55 to 64	3,971	11.4%
65 to 74	3,484	10.0%
75 and over	2,150	6.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	27,512	78.8%
Black or African American	1,714	4.9%
American Indian & Alaska Native	13	0.0%
Asian	1,248	3.6%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	74	0.2%
Two or more races	1,707	4.9%
Hispanic or Latino (any race)	2,637	7.6%

Educational attainment (age 25+)

No high school diploma2.2%

High school graduate7.2%

Some college or associate's17.4%

Bachelor's degree45.2%

Graduate or professional degree28.0%

	Count	Share
No high school diploma	584	2.2%
High school graduate	1,893	7.2%
Some college or associate's	4,611	17.4%
Bachelor's degree	11,955	45.2%
Graduate or professional degree	7,400	28.0%

Commute to work

Mean travel time to work: 21 min

Drove alone57.9%

Carpooled4.5%

Public transit3.2%

Walked2.3%

Bicycle0.4%

Worked from home30.8%

Other means0.9%

How workers get to work

	Count	Share
Drove alone	12,532	57.9%
Carpooled	969	4.5%
Public transit	691	3.2%
Walked	498	2.3%
Bicycle	90	0.4%
Worked from home	6,655	30.8%
Other means	200	0.9%

Travel time

	Count	Share
Under 15 min	4,006	26.7%
15 to 29 min	7,610	50.8%
30 to 44 min	2,675	17.9%
45 to 59 min	309	2.1%
60+ min	380	2.5%

Households

Average household size: 1.94
Poverty rate: 5.4% (1,879 of 34,634)

	Count	Share
Family households	7,340	41.2%
Nonfamily households	10,476	58.8%

Housing

Median year structure built: 1974

Occupancy

	Count	Share
Occupied	17,816	92.8%
Vacant	1,381	7.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	8,864	49.8%
Renter-occupied	8,952	50.2%

1-unit, detached37.9%

1-unit, attached4.4%

2 to 4 units2.7%

5 to 19 units10.4%

20 or more units44.5%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	7,278	37.9%
1-unit, attached	841	4.4%
2 to 4 units	525	2.7%
5 to 19 units	1,998	10.4%
20 or more units	8,549	44.5%
Mobile home & other	6	0.0%

ZIP Code 55416

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

Nearby ZIP codes