55405 ZIP Code – Minneapolis, Minnesota
Located in Minneapolis, Minnesota, ZIP code 55405 is a mid-sized ZIP code within Hennepin County with a population of approximately 17,099 residents. The median household income is $66,901 — near the Minnesota average and near the national average. The median home value of $441,400 is well above the national average, with 36.3% owner-occupied housing (decreasing). , and the median rent of $1,154 is near the national average. Housing consists of 31% single-family (decreasing), 50% apartments (increasing), 19% duplex/multi-family.
The unemployment rate is 6.4%, above the national average. The poverty rate of 20.6% is well above the U.S. average. About 59.1% of residents have completed a four-year degree, well above the national rate. At 31.4, the median age is below the national figure. Nearby ZIP codes include 55403, 55402, 55408.
ZIP Code 55405 Data
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ZIP 55405 vs. Minnesota vs. U.S.
| Metric | ZIP 55405 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 17k | 6,531 | 10k |
| Median Household Income | $66k | $77k | $73k |
| Median Home Value | $441k | $223k | $258k |
| Median Rent | $1,154 | $954 | $1,088 |
| Median Age | 31.4 | 43.2 | 43.2 |
| Unemployment Rate | 6.4% | 4.0% | 5.0% |
| Poverty Rate | 20.6% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 59.1% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55403 – Minneapolis
- 55402 – Minneapolis
- 55408 – Minneapolis
- 55401 – Minneapolis
- 55411 – Minneapolis
- 55404 – Minneapolis
- 55415 – Minneapolis
- 55416 – Minneapolis
- 55454 – Minneapolis
- 55409 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55403 | MINNEAPOLIS | 17,161 | $58,895 |
| 55402 | MINNEAPOLIS | 709 | $73,508 |
| 55408 | MINNEAPOLIS | 32,312 | $70,158 |
| 55401 | MINNEAPOLIS | 11,510 | $118,188 |
| 55411 | MINNEAPOLIS | 30,625 | $48,997 |