55431 ZIP Code – Minneapolis, Minnesota
Located in Minneapolis, Minnesota, ZIP code 55431 is a mid-sized ZIP code within Hennepin County with a population of approximately 19,477 residents. At $105,290, the median household income here runs above the Minnesota average and above the U.S. average. Homes in this ZIP code have a median value of $333,700, above the national average, with 67.4% owner-occupied housing (decreasing). ; median rent of $1,685 is similarly well above the national average. Housing consists of 69% single-family (decreasing), 27% apartments (increasing).
Unemployment stands at 5.1%, which is near the U.S. rate. An estimated 4.7% of the population falls below the poverty line, well below the national figure. An estimated 48.4% of adults hold a bachelor's degree or higher, well above the national average. The median age is 43.1, near the national median. The surrounding area includes ZIP codes 55437, 55420, 55438.
ZIP Code 55431 Data
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ZIP 55431 vs. Minnesota vs. U.S.
| Metric | ZIP 55431 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 19k | 6,531 | 10k |
| Median Household Income | $105k | $77k | $73k |
| Median Home Value | $333k | $223k | $258k |
| Median Rent | $1,685 | $954 | $1,088 |
| Median Age | 43.1 | 43.2 | 43.2 |
| Unemployment Rate | 5.1% | 4.0% | 5.0% |
| Poverty Rate | 4.7% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 48.4% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55437 – Minneapolis
- 55420 – Minneapolis
- 55438 – Minneapolis
- 55435 – Minneapolis
- 55423 – Minneapolis
- 55337 – Burnsville
- 55425 – Minneapolis
- 55439 – Minneapolis
- 55378 – Savage
- 55450 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55437 | MINNEAPOLIS | 19,401 | $93,890 |
| 55420 | MINNEAPOLIS | 23,433 | $73,527 |
| 55438 | MINNEAPOLIS | 16,009 | $97,707 |
| 55435 | MINNEAPOLIS | 14,053 | $71,664 |
| 55423 | MINNEAPOLIS | 36,859 | $80,744 |