Hopkins, MN · standard
ZIP Code 55305
Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 19,368
- 804/sq mi High-density area
- $104,914
- Median income Above-median income area
- $451,800
- Median home value Above-median home value
- 63.9%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Hopkins pairs an upper-quartile household income with upper-quartile home values, in a low-density, mixed-tenure area.
- Top 16%
- household income, US ZIPs
- Top 16%
- home value, US ZIPs
- 804
- people per sq mi
- 58%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55305 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55305 (Hopkins, MN) rose +3.0% from 2023 to 2024. The all-transactions index moved from 208.7 in 2023 to 214.9 in 2024 (2000 = 100).
ZIP code 55305 is a mid-sized community (a standard USPS delivery area) in Hopkins, Hennepin County, Minnesota, home to 19,368 residents across 24.1 square miles, a density of 804 people per square mile, in the Chicago time zone.
ZIP 55305 lands in the middle-income range, with a median household income of $104,914 (28% above the average Minnesota ZIP), while per-capita income is $68,939. Both reported hardship measures are comparatively low in absolute terms: poverty is 6.3% and unemployment is 3.1%. Median home value is $451,800 (77% above the average Minnesota ZIP) and median rent is $1,799; 57.5% of occupied homes are owner-occupied.
This is a highly-educated ZIP: 63.9% of adults hold a bachelor's degree or higher, the median age is 40.5, and the average commute is 18 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55305 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 55305
Top 5 sectors by establishment count in Hopkins, MN
Which industries have the most business establishments in ZIP 55305.
- Retail trade
Retail trade
161 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
147 establishments
- Finance and insurance
Finance and insurance
126 establishments
- Health care and social assistance
Health care and social assistance
107 establishments
- Other services (except public administration)
Other services (except public administration)
69 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 55305, Hopkins, MN · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
19,368
Population
24.1
Area (sq mi)
804
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55305?
40.5
Median Age
48.1%
Male
51.9%
Female
13.4%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$104,914
Median Household Income
+28% vs state ZIP avg
$68,939
Per Capita Income
6.3%
Poverty Rate
3.1%
Unemployment Rate
18.3 min
Mean Commute Time
How ZIP 55305 ranks among Minnesota ZIPs
Hopkins, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$104,914 Top 14% higher than 86% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
10,571housing units
10,571
Total Housing Units
9,927
Occupied Units
644
Vacant Units
2.11
Avg Household Size
Occupancy Type
$451,800
Median Home Value
+77% vs state ZIP avg
$1,799
Median Rent
1983
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+3.0%
YoY Change (2024)
215
HPI Index (2000 = 100)
+115%
Total Change Since 2000
Home values in ZIP 55305 have increased 3.0% over the past year (2024). Since 2000, this ZIP has seen +115% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.5% | 171 |
| 2021 | +7.7% | 185 |
| 2022 | +12.7% | 208 |
| 2023 | +0.3% | 209 |
| 2024 | +3.0% | 215 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 942 business establishments in ZIP 55305, employing approximately 18,218 people with a combined annual payroll of $1,423,462,000.
942
Businesses
18,218
Employees
$1.4B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 161 | 17.1% |
| Professional, scientific, and technical services | 147 | 15.6% |
| Finance and insurance | 126 | 13.4% |
| Health care and social assistance | 107 | 11.4% |
| Other services (except public administration) | 69 | 7.3% |
| Real estate and rental and leasing | 64 | 6.8% |
| Accommodation and food services | 52 | 5.5% |
| Construction | 43 | 4.6% |
| Administrative and support and waste management and remediation services | 43 | 4.6% |
| Wholesale trade | 34 | 3.6% |
| Information | 26 | 2.8% |
| Manufacturing | 18 | 1.9% |
| Management of companies and enterprises | 16 | 1.7% |
| Educational services | 14 | 1.5% |
| Arts, entertainment, and recreation | 11 | 1.2% |
| Transportation and warehousing | 10 | 1.1% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 55305 vs 55426 →
ZIP 55305 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55416
Minneapolis (55416)
29,027 residents
- 55426
Minneapolis (55426)
24,945 residents
- 55343
Hopkins (55343)
23,933 residents
- 55427
Minneapolis (55427)
22,919 residents
- 55447
Minneapolis (55447)
21,187 residents
- 55345
Minnetonka (55345)
21,147 residents
- 55305
Hopkins (55305)
19,368 residents
- 55441
Minneapolis (55441)
17,848 residents
- 55344
Eden Prairie (55344)
13,952 residents
What this shows Among its immediate neighbors, ZIP 55305 ranks #7 by population - useful context the national average alone can't give.
ZIP 55305 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55345
Minnetonka (55345)
$145,332 median income
- 55436
Minneapolis (55436)
$144,129 median income
- 55447
Minneapolis (55447)
$133,555 median income
- 55442
Minneapolis (55442)
$123,859 median income
- 55416
Minneapolis (55416)
$105,958 median income
- 55305
Hopkins (55305)
$104,914 median income
- 55441
Minneapolis (55441)
$101,981 median income
- 55426
Minneapolis (55426)
$99,347 median income
- 55427
Minneapolis (55427)
$92,821 median income
What this shows By household income, ZIP 55305 ranks #6 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55426 | Minneapolis, MN | 24,945 | 2.5 mi |
| 55441 | Minneapolis, MN | 17,848 | 3.4 mi |
| 55343 | Hopkins, MN | 23,933 | 2.9 mi |
| 55345 | Minnetonka, MN | 21,147 | 3.7 mi |
| 55344 | Eden Prairie, MN | 13,952 | 6.3 mi |
| 55416 | Minneapolis, MN | 29,027 | 4.6 mi |
| 55442 | Minneapolis, MN | 13,217 | 6.5 mi |
| 55447 | Minneapolis, MN | 21,187 | 4.2 mi |
| 55427 | Minneapolis, MN | 22,919 | 4.4 mi |
| 55436 | Minneapolis, MN | 13,138 | 4.6 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55305, both outside MN so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (19,368 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Hennepin County
Related Areas
Frequently Asked Questions
What county is ZIP code 55305 in?
ZIP code 55305 (Hopkins) is located in Hennepin County, Minnesota. Hennepin County contains multiple ZIP codes, see the full list at /counties/hennepin-mn.
What is the population of ZIP code 55305?
ZIP code 55305 in Hopkins, MN has a population of 19,368 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55305?
The median household income in ZIP 55305 is $104,914, which is 38% above the national average of $76,288.
What is the average home value in ZIP 55305?
The median home value in ZIP 55305 is $451,800, which is 62% above the national average of $278,155.
What is the demographic makeup of ZIP 55305?
The largest racial group in ZIP 55305 is White at 77.5%. Hispanic or Latino residents make up 5.1% of the population.
How many businesses are in ZIP code 55305?
ZIP code 55305 has 942 business establishments employing approximately 18,218 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55305?
The top industries by establishment count in ZIP 55305 are: Retail trade (161), Professional, scientific, and technical services (147), Finance and insurance (126). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55305?
According to the FHFA House Price Index, home values in ZIP 55305 increased by 3.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 115%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 55305?
In ZIP code 55305, 75.1% of residents aged 25+ have a high school diploma or higher, and 63.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 55305?
The mean commute time for workers in ZIP code 55305 is 18.3 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 55305?
In ZIP code 55305, approximately 57.5% of occupied housing units are owner-occupied and 42.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55305?
The poverty rate in ZIP code 55305 is 6.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 55305's numbers, next.
- See how ZIP 55305 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Hopkins, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.