Minnetonka, MN · standard
ZIP Code 55345
Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 21,147
- 719/sq mi High-density area
- $145,332
- Median income Above-median income area
- $504,000
- Median home value Above-median home value
- 65.2%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Minnetonka pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.
- Top 4%
- household income, US ZIPs
- Top 13%
- home value, US ZIPs
- 719
- people per sq mi
- 85%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55345 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 55345 (Minnetonka, MN) rose +3.3% from 2023 to 2024. The all-transactions index moved from 221.0 in 2023 to 228.2 in 2024 (2000 = 100).
ZIP code 55345 is a densely settled ZIP (a standard USPS delivery area) in Minnetonka, Hennepin County, Minnesota, with 21,147 residents across 29.4 square miles, a density of 719 people per square mile, in the Chicago time zone.
ZIP 55345 skews affluent, with a median household income of $145,332 (77% above the average Minnesota ZIP), while per-capita income is $77,623. Both reported hardship measures are comparatively low in absolute terms: poverty is 4.4% and unemployment is 2.5%. Housing is both higher-cost and owner-heavy: median home value is $504,000 (97% above the average Minnesota ZIP), while 85.3% of occupied homes are owner-occupied and median rent is $1,446.
This is a highly-educated ZIP: 65.2% of adults hold a bachelor's degree or higher, the median age is 44.6, and the average commute is 21 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55345 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 55345
Top 5 sectors by establishment count in Minnetonka, MN
Which industries have the most business establishments in ZIP 55345.
- Professional, scientific, and technical services
Professional, scientific, and technical services
133 establishments
- Health care and social assistance
Health care and social assistance
91 establishments
- Construction
Construction
73 establishments
- Other services (except public administration)
Other services (except public administration)
59 establishments
- Retail trade 47
Retail trade
47 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 55345, Minnetonka, 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
21,147
Population
29.4
Area (sq mi)
719
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55345?
44.6
Median Age
50.5%
Male
49.5%
Female
9.9%
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?
$145,332
Median Household Income
+77% vs state ZIP avg
$77,623
Per Capita Income
4.4%
Poverty Rate
2.5%
Unemployment Rate
20.8 min
Mean Commute Time
How ZIP 55345 ranks among Minnesota ZIPs
Minnetonka, 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)
$145,332 Top 2% higher than 98% 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
8,653housing units
8,653
Total Housing Units
8,313
Occupied Units
340
Vacant Units
2.49
Avg Household Size
Occupancy Type
$504,000
Median Home Value
+97% vs state ZIP avg
$1,446
Median Rent
1972
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
+3.3%
YoY Change (2024)
228
HPI Index (2000 = 100)
+128%
Total Change Since 2000
Home values in ZIP 55345 have increased 3.3% over the past year (2024). Since 2000, this ZIP has seen +128% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +1.7% | 171 |
| 2021 | +9.2% | 187 |
| 2022 | +13.3% | 212 |
| 2023 | +4.4% | 221 |
| 2024 | +3.3% | 228 |
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 675 business establishments in ZIP 55345, employing approximately 7,854 people with a combined annual payroll of $510,896,000.
675
Businesses
7,854
Employees
$510.9M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 133 | 19.7% |
| Health care and social assistance | 91 | 13.5% |
| Construction | 73 | 10.8% |
| Other services (except public administration) | 59 | 8.7% |
| Retail trade | 47 | 7.0% |
| Real estate and rental and leasing | 46 | 6.8% |
| Finance and insurance | 44 | 6.5% |
| Wholesale trade | 39 | 5.8% |
| Administrative and support and waste management and remediation services | 39 | 5.8% |
| Accommodation and food services | 32 | 4.7% |
| Manufacturing | 22 | 3.3% |
| Educational services | 18 | 2.7% |
| Arts, entertainment, and recreation | 12 | 1.8% |
| Information | 11 | 1.6% |
| Transportation and warehousing | 4 | 0.6% |
| Management of companies and enterprises | 3 | 0.4% |
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 55345 vs 55346 →
ZIP 55345 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55347
Eden Prairie (55347)
30,069 residents
- 55343
Hopkins (55343)
23,933 residents
- 55447
Minneapolis (55447)
21,187 residents
- 55345
Minnetonka (55345)
21,147 residents
- 55305
Hopkins (55305)
19,368 residents
- 55317
Chanhassen (55317)
19,218 residents
- 55446
Minneapolis (55446)
18,695 residents
- 55346
Eden Prairie (55346)
16,776 residents
- 55391
Wayzata (55391)
14,486 residents
What this shows Among its immediate neighbors, ZIP 55345 ranks #4 by population - useful context the national average alone can't give.
ZIP 55345 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55391
Wayzata (55391)
$174,301 median income
- 55446
Minneapolis (55446)
$170,625 median income
- 55347
Eden Prairie (55347)
$155,430 median income
- 55345
Minnetonka (55345)
$145,332 median income
- 55436
Minneapolis (55436)
$144,129 median income
- 55317
Chanhassen (55317)
$140,385 median income
- 55346
Eden Prairie (55346)
$135,000 median income
- 55447
Minneapolis (55447)
$133,555 median income
- 55305
Hopkins (55305)
$104,914 median income
What this shows By household income, ZIP 55345 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55346 | Eden Prairie, MN | 16,776 | 2.5 mi |
| 55343 | Hopkins, MN | 23,933 | 3.3 mi |
| 55305 | Hopkins, MN | 19,368 | 3.7 mi |
| 55447 | Minneapolis, MN | 21,187 | 5.9 mi |
| 55391 | Wayzata, MN | 14,486 | 4.2 mi |
| 55347 | Eden Prairie, MN | 30,069 | 6.0 mi |
| 55344 | Eden Prairie, MN | 13,952 | 4.4 mi |
| 55436 | Minneapolis, MN | 13,138 | 5.4 mi |
| 55317 | Chanhassen, MN | 19,218 | 5.2 mi |
| 55446 | Minneapolis, MN | 18,695 | 8.9 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55345, 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 (21,147 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 55345 in?
ZIP code 55345 (Minnetonka) 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 55345?
ZIP code 55345 in Minnetonka, MN has a population of 21,147 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55345?
The median household income in ZIP 55345 is $145,332, which is 91% above the national average of $76,288.
What is the average home value in ZIP 55345?
The median home value in ZIP 55345 is $504,000, which is 81% above the national average of $278,155.
What is the demographic makeup of ZIP 55345?
The largest racial group in ZIP 55345 is White at 85.9%. Hispanic or Latino residents make up 4.6% of the population.
How many businesses are in ZIP code 55345?
ZIP code 55345 has 675 business establishments employing approximately 7,854 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55345?
The top industries by establishment count in ZIP 55345 are: Professional, scientific, and technical services (133), Health care and social assistance (91), Construction (73). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55345?
According to the FHFA House Price Index, home values in ZIP 55345 increased by 3.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 128%. 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 55345?
In ZIP code 55345, 75.4% of residents aged 25+ have a high school diploma or higher, and 65.2% 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 55345?
The mean commute time for workers in ZIP code 55345 is 20.8 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 55345?
In ZIP code 55345, approximately 85.3% of occupied housing units are owner-occupied and 14.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55345?
The poverty rate in ZIP code 55345 is 4.4% 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 55345's numbers, next.
- See how ZIP 55345 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Minnetonka, MN ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.