55420 ZIP Code – Minneapolis, Minnesota
55420 is a large ZIP code in Minneapolis, Minnesota, part of Hennepin County with a population of approximately 23,433 residents. The median household income of $73,527 is near the Minnesota average and near the national average. Median home values of $284,300 are near the national average, with 67.0% owner-occupied housing (increasing). , and the median rent of $1,223 is near the national average. Housing consists of 69% single-family (increasing), 29% apartments (decreasing).
At 5.8%, the unemployment rate is above the national figure. The poverty rate is 16.9%, above the national average. About 31.5% of residents have completed a four-year degree, above the national rate. Residents have a median age of 38.8, near the U.S. median. Nearby ZIP codes include 55431, 55425, 55423.
ZIP Code 55420 Data
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ZIP 55420 vs. Minnesota vs. U.S.
| Metric | ZIP 55420 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 23k | 6,531 | 10k |
| Median Household Income | $73k | $77k | $73k |
| Median Home Value | $284k | $223k | $258k |
| Median Rent | $1,223 | $954 | $1,088 |
| Median Age | 38.8 | 43.2 | 43.2 |
| Unemployment Rate | 5.8% | 4.0% | 5.0% |
| Poverty Rate | 16.9% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 31.5% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55431 – Minneapolis
- 55425 – Minneapolis
- 55423 – Minneapolis
- 55437 – Minneapolis
- 55435 – Minneapolis
- 55450 – Minneapolis
- 55337 – Burnsville
- 55122 – Saint Paul
- 55419 – Minneapolis
- 55438 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55431 | MINNEAPOLIS | 19,477 | $105,290 |
| 55425 | MINNEAPOLIS | 10,868 | $65,810 |
| 55423 | MINNEAPOLIS | 36,859 | $80,744 |
| 55437 | MINNEAPOLIS | 19,401 | $93,890 |
| 55435 | MINNEAPOLIS | 14,053 | $71,664 |