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
- $104,914
- Median income
- $451,800
- Median home value
- 63.9%
- Bachelor's or higher
The verdict
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.
ZIP code 55305 is classified by USPS as a standard delivery area and covers roughly 24.1 square miles in Hopkins, Hennepin County, Minnesota. The area is home to 19,368 residents, producing a population density of 804 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 55305 against Minnesota and the nation.
On the economic side, the median household income for ZIP 55305 sits at $104,914 (28% above the Minnesota average), while per-capita income is $68,939. The poverty rate stands at 6.3% and the unemployment rate at 3.1%. On housing, the median home value is $451,800 (77% above the state average) with median rent at $1,799 per month, and 57.5% of occupied units are owner-occupied, a direct signal of whether 55305 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 63.9% of adults hold a bachelor's degree or higher, the median age is 40.5, and the average commute is 18 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55305 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 55305
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$68,939
Per Capita Income
6.3%
Poverty Rate
3.1%
Unemployment Rate
18.3 min
Mean Commute Time
How ZIP 55305 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$104,914 Top 16% higher than 84% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US 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?
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
$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 |
More ZIP Codes in Hennepin County
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Frequently Asked Questions
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How many businesses are in ZIP code 55305? ▼
What are the main industries in ZIP code 55305? ▼
How have home values changed in ZIP code 55305? ▼
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What percentage of residents own vs. rent in ZIP 55305? ▼
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ZIP Code Research Guides
Official Data Resources for Hopkins, MN
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.