ZIP Code 55418

ZIP Code Tabulation Area in Hennepin County, Minnesota.

Population: 31,295
Median household income: $95,630
Median home value: $332,500

Covering part of Hennepin County, Minnesota, ZIP Code 55418 has about 31,295 residents. At $95,630, its median household income sits in line with Hennepin County's $96,339.

From 2019 to 2023, ZIP Code 55418's population grew 3.3% from 30,305 to 31,295, while its median gross rent rose 37.5% from $981 to $1,349.

8.5% of residents live below the poverty line. Households average 2.22 people.

Demographics

ACS 2019–2023

Population: 31,295
Median age: 37.5 yrs
Median household income: $95,630
Median home value: $332,500
Median gross rent: $1,349
Housing units: 14,859
Homeownership rate: 65.6%
Bachelor's degree or higher: 51.4%
Unemployment rate: 3.3%

Trends

ACS 5-year · 2019–2023

Population

30,30531,295

Median household income

$70,642$95,630

Median home value

$237,400$332,500

Median gross rent

$981$1,349

Year	Population	Median household income	Median home value	Median gross rent
2019	30,305	$70,642	$237,400	$981
2020	30,209	$73,551	$256,000	$972
2021	31,136	$80,600	$272,700	$1,097
2022	30,797	$89,955	$317,900	$1,254
2023	31,295	$95,630	$332,500	$1,349

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

Age distribution

Under 57.6%

5 to 1712.1%

18 to 245.6%

25 to 3419.8%

35 to 4417.8%

45 to 5413.4%

55 to 649.3%

65 to 749.4%

75 and over5.0%

	Count	Share
Under 5	2,379	7.6%
5 to 17	3,784	12.1%
18 to 24	1,763	5.6%
25 to 34	6,187	19.8%
35 to 44	5,566	17.8%
45 to 54	4,202	13.4%
55 to 64	2,913	9.3%
65 to 74	2,946	9.4%
75 and over	1,555	5.0%

Race & ethnicity

	Count	Share
White (non-Hispanic)	23,204	74.1%
Black or African American	2,969	9.5%
American Indian & Alaska Native	121	0.4%
Asian	722	2.3%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	144	0.5%
Two or more races	1,653	5.3%
Hispanic or Latino (any race)	2,482	7.9%

Educational attainment (age 25+)

No high school diploma7.1%

High school graduate15.9%

Some college or associate's25.5%

Bachelor's degree31.9%

Graduate or professional degree19.5%

	Count	Share
No high school diploma	1,668	7.1%
High school graduate	3,723	15.9%
Some college or associate's	5,968	25.5%
Bachelor's degree	7,453	31.9%
Graduate or professional degree	4,557	19.5%

Commute to work

Mean travel time to work: 23 min

Drove alone57.2%

Carpooled7.6%

Public transit3.8%

Walked1.6%

Bicycle1.6%

Worked from home26.5%

Other means1.6%

How workers get to work

	Count	Share
Drove alone	10,285	57.2%
Carpooled	1,366	7.6%
Public transit	681	3.8%
Walked	282	1.6%
Bicycle	294	1.6%
Worked from home	4,770	26.5%
Other means	296	1.6%

Travel time

	Count	Share
Under 15 min	2,849	21.6%
15 to 29 min	6,676	50.6%
30 to 44 min	2,758	20.9%
45 to 59 min	450	3.4%
60+ min	471	3.6%

Households

Average household size: 2.22
Poverty rate: 8.5% (2,617 of 30,900)

	Count	Share
Family households	7,221	51.8%
Nonfamily households	6,712	48.2%

Housing

Median year structure built: 1948

Occupancy

	Count	Share
Occupied	13,933	93.8%
Vacant	926	6.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	9,138	65.6%
Renter-occupied	4,795	34.4%

1-unit, detached62.9%

1-unit, attached3.5%

2 to 4 units18.2%

5 to 19 units3.4%

20 or more units11.4%

Mobile home & other0.6%

Units in structure

	Count	Share
1-unit, detached	9,353	62.9%
1-unit, attached	515	3.5%
2 to 4 units	2,705	18.2%
5 to 19 units	511	3.4%
20 or more units	1,692	11.4%
Mobile home & other	83	0.6%

ZIP Code 55418

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