Minneapolis, MN · standard
ZIP Code 55403
Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 14,985
- 4,243/sq mi High-density area
- $60,873
- Median income Below-median income area
- $298,500
- Median home value Above-median home value
- 57.9%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Minneapolis pairs a below-median household income with above-median home values, in a suburban-density, renter-heavy area.
- 30th pct
- household income, US ZIPs
- Top 34%
- home value, US ZIPs
- 4,243
- people per sq mi
- 25%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55403 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 55403 (Minneapolis, MN) fell -11.7% from 2023 to 2024. The all-transactions index moved from 217.3 in 2023 to 191.9 in 2024 (2000 = 100).
ZIP code 55403 is a mid-sized community (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, home to 14,985 residents across 3.5 square miles, a density of 4,243 people per square mile, in the Chicago time zone.
ZIP 55403 reports a modest median household income of $60,873 (26% below the average Minnesota ZIP), while per-capita income is $69,214. The poverty rate is 16.1%, with unemployment at 5.8%; those measures add context to the income figure. Housing costs run above the statewide ZIP benchmark while renting is common: median home value is $298,500 (17% above the average Minnesota ZIP), with only 25.0% owner-occupied homes and median rent of $1,241.
This is a highly-educated ZIP: 57.9% of adults hold a bachelor's degree or higher, the median age is 34.3, and the average commute is 24 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55403 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 55403
Top 5 sectors by establishment count in Minneapolis, MN
Which industries have the most business establishments in ZIP 55403.
- Professional, scientific, and technical services
Professional, scientific, and technical services
113 establishments
- Accommodation and food services
Accommodation and food services
96 establishments
- Other services (except public administration)
Other services (except public administration)
67 establishments
- Health care and social assistance
Health care and social assistance
65 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
53 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 55403, Minneapolis, 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
14,985
Population
3.5
Area (sq mi)
4,243
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55403?
34.3
Median Age
54.8%
Male
45.2%
Female
12.9%
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?
$60,873
Median Household Income
-26% vs state ZIP avg
$69,214
Per Capita Income
16.1%
Poverty Rate
5.8%
Unemployment Rate
23.6 min
Mean Commute Time
How ZIP 55403 ranks among Minnesota ZIPs
Minneapolis, 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)
$60,873 13th percentile higher than 13% 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
13,230housing units
13,230
Total Housing Units
11,762
Occupied Units
1,468
Vacant Units
1.41
Avg Household Size
Occupancy Type
$298,500
Median Home Value
+17% vs state ZIP avg
$1,241
Median Rent
1968
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
-11.7%
YoY Change (2024)
192
HPI Index (2000 = 100)
+92%
Total Change Since 2000
Home values in ZIP 55403 have decreased 11.7% over the past year (2024). Since 2000, this ZIP has seen +92% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | -3.7% | 165 |
| 2021 | +9.0% | 180 |
| 2022 | +5.9% | 190 |
| 2023 | +14.2% | 217 |
| 2024 | -11.7% | 192 |
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 581 business establishments in ZIP 55403, employing approximately 17,278 people with a combined annual payroll of $1,458,143,000.
581
Businesses
17,278
Employees
$1.5B
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 113 | 19.4% |
| Accommodation and food services | 96 | 16.5% |
| Other services (except public administration) | 67 | 11.5% |
| Health care and social assistance | 65 | 11.2% |
| Real estate and rental and leasing | 53 | 9.1% |
| Retail trade | 33 | 5.7% |
| Arts, entertainment, and recreation | 28 | 4.8% |
| Wholesale trade | 21 | 3.6% |
| Information | 21 | 3.6% |
| Finance and insurance | 19 | 3.3% |
| Administrative and support and waste management and remediation services | 18 | 3.1% |
| Manufacturing | 12 | 2.1% |
| Construction | 9 | 1.6% |
| Educational services | 9 | 1.6% |
| Management of companies and enterprises | 7 | 1.2% |
| Transportation and warehousing | 6 | 1.0% |
| Utilities | 4 | 0.7% |
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 55403 vs 55405 →
ZIP 55403 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55408
Minneapolis (55408)
29,981 residents
- 55411
Minneapolis (55411)
27,428 residents
- 55404
Minneapolis (55404)
27,121 residents
- 55405
Minneapolis (55405)
15,411 residents
- 55403
Minneapolis (55403)
14,985 residents
- 55409 11,615
Minneapolis (55409)
11,615 residents
- 55454 8,125
Minneapolis (55454)
8,125 residents
- 55401 6,590
Minneapolis (55401)
6,590 residents
- 55415 2,604
Minneapolis (55415)
2,604 residents
What this shows Among its immediate neighbors, ZIP 55403 ranks #5 by population - useful context the national average alone can't give.
ZIP 55403 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55415
Minneapolis (55415)
$124,921 median income
- 55401
Minneapolis (55401)
$113,522 median income
- 55409
Minneapolis (55409)
$98,305 median income
- 55405
Minneapolis (55405)
$73,053 median income
- 55408
Minneapolis (55408)
$70,326 median income
- 55402
Minneapolis (55402)
$62,105 median income
- 55403
Minneapolis (55403)
$60,873 median income
- 55411
Minneapolis (55411)
$60,225 median income
- 55404 $41,940
Minneapolis (55404)
$41,940 median income
What this shows By household income, ZIP 55403 ranks #7 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55405 | Minneapolis, MN | 15,411 | 0.9 mi |
| 55402 | Minneapolis, MN | 368 | 0.8 mi |
| 55401 | Minneapolis, MN | 6,590 | 1.3 mi |
| 55415 | Minneapolis, MN | 2,604 | 1.4 mi |
| 55404 | Minneapolis, MN | 27,121 | 1.3 mi |
| 55408 | Minneapolis, MN | 29,981 | 2.1 mi |
| 55411 | Minneapolis, MN | 27,428 | 2.1 mi |
| 55454 | Minneapolis, MN | 8,125 | 2.1 mi |
| 55409 | Minneapolis, MN | 11,615 | 2.8 mi |
| 55455 | Minneapolis, MN | 1,050 | 2.6 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55403, 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 (14,985 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 55403 in?
ZIP code 55403 (Minneapolis) 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 55403?
ZIP code 55403 in Minneapolis, MN has a population of 14,985 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55403?
The median household income in ZIP 55403 is $60,873, which is 20% below the national average of $76,288.
What is the average home value in ZIP 55403?
The median home value in ZIP 55403 is $298,500, which is 7% above the national average of $278,155.
What is the demographic makeup of ZIP 55403?
The largest racial group in ZIP 55403 is White at 65.9%. Hispanic or Latino residents make up 9.4% of the population.
How many businesses are in ZIP code 55403?
ZIP code 55403 has 581 business establishments employing approximately 17,278 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55403?
The top industries by establishment count in ZIP 55403 are: Professional, scientific, and technical services (113), Accommodation and food services (96), Other services (except public administration) (67). There are 17 industry sectors represented in total.
How have home values changed in ZIP code 55403?
According to the FHFA House Price Index, home values in ZIP 55403 decreased by 11.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 92%. 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 55403?
In ZIP code 55403, 69.9% of residents aged 25+ have a high school diploma or higher, and 57.9% 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 55403?
The mean commute time for workers in ZIP code 55403 is 23.6 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 55403?
In ZIP code 55403, approximately 25.0% of occupied housing units are owner-occupied and 75.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55403?
The poverty rate in ZIP code 55403 is 16.1% 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 55403's numbers, next.
- See how ZIP 55403 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Minneapolis, 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.