55408 ZIP Code – Minneapolis, Minnesota
ZIP code 55408 is a large ZIP code located in Minneapolis, Minnesota, within Hennepin County with a population of approximately 32,312 residents. The median household income of $70,158 is near the Minnesota average and near the national average. The median home value of $373,400 is above the national average, with 23.6% owner-occupied housing (increasing). ; median rent of $1,315 is similarly above the national average. Housing consists of 19% single-family (increasing), 65% apartments (increasing), 16% duplex/multi-family.
At 6.1%, the unemployment rate is above the national figure. The poverty rate of 15.3% is above the U.S. average. 58.9% of adults hold a bachelor's degree or higher, well above the U.S. average. The median age is 30.1, below the national median. Nearby ZIP codes include 55409, 55403, 55405.
ZIP Code 55408 Data
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ZIP 55408 vs. Minnesota vs. U.S.
| Metric | ZIP 55408 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 32k | 6,531 | 10k |
| Median Household Income | $70k | $77k | $73k |
| Median Home Value | $373k | $223k | $258k |
| Median Rent | $1,315 | $954 | $1,088 |
| Median Age | 30.1 | 43.2 | 43.2 |
| Unemployment Rate | 6.1% | 4.0% | 5.0% |
| Poverty Rate | 15.3% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 58.9% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55409 – Minneapolis
- 55403 – Minneapolis
- 55405 – Minneapolis
- 55404 – Minneapolis
- 55407 – Minneapolis
- 55410 – Minneapolis
- 55416 – Minneapolis
- 55402 – Minneapolis
- 55419 – Minneapolis
- 55415 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55409 | MINNEAPOLIS | 11,235 | $94,162 |
| 55403 | MINNEAPOLIS | 17,161 | $58,895 |
| 55405 | MINNEAPOLIS | 17,099 | $66,901 |
| 55404 | MINNEAPOLIS | 28,172 | $40,817 |
| 55407 | MINNEAPOLIS | 36,997 | $74,518 |