ZIP 55407 vs ZIP 55423
Source:
Minneapolis, MN — Minneapolis, MN
This side-by-side compares ZIP 55407 (Minneapolis, MN) and ZIP 55423 (Minneapolis, MN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 55407 has a population of 37,881 at 3,620 people per square mile, while ZIP 55423 has 35,375 at 1,962 per square mile. That difference in population size and density alone reshapes how every other metric should be interpreted — a higher-income ZIP with 1,200 residents behaves very differently from one with 45,000.
On income and education, ZIP 55407 reports a median household income of $78,464 against $85,182 in ZIP 55423, with per-capita income of $40,979 vs $47,924. The share of adults holding a bachelor's degree or higher is 49.0% in 55407 and 43.8% in 55423. Poverty rate reads 17.4% vs 8.2%, and unemployment 6.5% vs 5.3% — these four fields alone drive most of the difference in the scorecard grades you will see for each ZIP.
Housing separates these two ZIPs further: median home value sits at $335,400 in 55407 versus $343,900 in 55423, with median rent of $1,291 and $1,393 per month respectively. Homeownership rate is 58.9% vs 61.6%. When reading the comparison table below, focus on paired metrics rather than single winners — a ZIP with lower home values and lower income is not strictly "worse" if rent-to-income ratios and commute times land in the same zone. Every value is pulled from the exact same ACS table so the two columns are genuinely comparable.
Compare different ZIP codes:
| Metric | 55407 Minneapolis, MN | 55423 Minneapolis, MN |
|---|---|---|
| Population | 37,881 | 35,375 |
| Median Household Income | $78,464 | $85,182 |
| Per Capita Income | $40,979 | $47,924 |
| Median Age | 33.8 | 39.4 |
| Bachelor's Degree or Higher | 49.0% | 43.8% |
| Poverty Rate | 17.4% | 8.2% |
| Unemployment Rate | 6.5% | 5.3% |
| Median Home Value | $335,400 | $343,900 |
| Median Rent (monthly) | $1,291 | $1,393 |
| Homeownership Rate | 58.9% | 61.6% |
| Population Density (per sq mi) | 3,620 | 1,962 |
Values highlighted in green indicate the better metric where applicable. Source: U.S. Census Bureau ACS 2023.
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All data sourced from the U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2023).
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.