55407 ZIP Code – Minneapolis, Minnesota
55407 is a large ZIP code in Minneapolis, Minnesota, part of Hennepin County with a population of approximately 36,997 residents. The median household income is $74,518 — near the Minnesota average and near the national average. Median home values of $291,500 are near the national average, with 58.9% owner-occupied housing (decreasing). ; median rent of $1,162 is similarly near the national average. Housing consists of 56% single-family (increasing), 21% apartments (decreasing), 22% duplex/multi-family.
The area reports an unemployment rate of 7.1%, above the national average. The poverty rate is 16.9%, above the national average. Bachelor's degree attainment is 48.5%, well above the national average. Residents have a median age of 34.3, below the U.S. median. Nearby ZIP codes include 55409, 55406, 55404.
ZIP Code 55407 Data
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ZIP 55407 vs. Minnesota vs. U.S.
| Metric | ZIP 55407 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 36k | 6,531 | 10k |
| Median Household Income | $74k | $77k | $73k |
| Median Home Value | $291k | $223k | $258k |
| Median Rent | $1,162 | $954 | $1,088 |
| Median Age | 34.3 | 43.2 | 43.2 |
| Unemployment Rate | 7.1% | 4.0% | 5.0% |
| Poverty Rate | 16.9% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 48.5% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55409 – Minneapolis
- 55406 – Minneapolis
- 55404 – Minneapolis
- 55408 – Minneapolis
- 55417 – Minneapolis
- 55454 – Minneapolis
- 55419 – Minneapolis
- 55415 – Minneapolis
- 55455 – Minneapolis
- 55403 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55409 | MINNEAPOLIS | 11,235 | $94,162 |
| 55406 | MINNEAPOLIS | 35,726 | $87,751 |
| 55404 | MINNEAPOLIS | 28,172 | $40,817 |
| 55408 | MINNEAPOLIS | 32,312 | $70,158 |
| 55417 | MINNEAPOLIS | 25,900 | $117,475 |