Minneapolis, MN · standard
ZIP Code 55404
Hennepin County, Minnesota — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 27,121
- 5,925/sq mi
- $41,940
- Median income
- $291,600
- Median home value
- 36.1%
- Bachelor's or higher
The verdict
Minneapolis pairs one of the lowest household incomes in the country with above-median home values, in a suburban-density, renter-heavy area.
- 7th pct
- household income, US ZIPs
- Top 35%
- home value, US ZIPs
- 5,925
- people per sq mi
- 18%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55404 against every reporting US ZIP.
ZIP code 55404 is classified by USPS as a standard delivery area and covers roughly 4.6 square miles in Minneapolis, Hennepin County, Minnesota. The area is home to 27,121 residents, producing a population density of 5,925 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 55404 against Minnesota and the nation.
On the economic side, the median household income for ZIP 55404 sits at $41,940 (49% below the Minnesota average), while per-capita income is $28,991. The poverty rate stands at 32.1% and the unemployment rate at 10.0%. On housing, the median home value is $291,600 (14% above the state average) with median rent at $1,082 per month, and 17.5% of occupied units are owner-occupied, a direct signal of whether 55404 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 36.1% of adults hold a bachelor's degree or higher, the median age is 30.9, and the average commute is 22 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55404 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 55404
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 55404.
- Health care and social assistance
Health care and social assistance
253 establishments
- Accommodation and food services 75
Accommodation and food services
75 establishments
- Other services (except public administration) 75
Other services (except public administration)
75 establishments
- Professional, scientific, and technical services 67
Professional, scientific, and technical services
67 establishments
- Retail trade 49
Retail trade
49 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 55404, Minneapolis, 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
27,121
Population
4.6
Area (sq mi)
5,925
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55404?
30.9
Median Age
55.9%
Male
44.1%
Female
24.6%
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?
$41,940
Median Household Income
-49% vs state
$28,991
Per Capita Income
32.1%
Poverty Rate
10.0%
Unemployment Rate
21.6 min
Mean Commute Time
How ZIP 55404 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$41,940 7th percentile higher than 7% 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?
14,852
Total Housing Units
13,073
Occupied Units
1,779
Vacant Units
2.00
Avg Household Size
Occupancy Type
$291,600
Median Home Value
+14% vs state
$1,082
Median Rent
1971
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
+0.1%
YoY Change (2024)
219
HPI Index (2000 = 100)
+119%
Total Change Since 2000
Home values in ZIP 55404 have increased 0.1% over the past year (2024). Since 2000, this ZIP has seen +119% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +6.2% | 200 |
| 2021 | +3.4% | 207 |
| 2022 | +15.2% | 238 |
| 2023 | -8.4% | 218 |
| 2024 | +0.1% | 219 |
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 702 business establishments in ZIP 55404, employing approximately 21,111 people with a combined annual payroll of $1,271,777,000.
702
Businesses
21,111
Employees
$1.3B
Annual Payroll
17
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 253 | 36.0% |
| Accommodation and food services | 75 | 10.7% |
| Other services (except public administration) | 75 | 10.7% |
| Professional, scientific, and technical services | 67 | 9.5% |
| Retail trade | 49 | 7.0% |
| Real estate and rental and leasing | 47 | 6.7% |
| Administrative and support and waste management and remediation services | 19 | 2.7% |
| Construction | 17 | 2.4% |
| Manufacturing | 16 | 2.3% |
| Finance and insurance | 16 | 2.3% |
| Arts, entertainment, and recreation | 15 | 2.1% |
| Transportation and warehousing | 13 | 1.9% |
| Educational services | 12 | 1.7% |
| Wholesale trade | 11 | 1.6% |
| Information | 7 | 1.0% |
| Utilities | 3 | 0.4% |
| 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 55404 vs 55415 →
ZIP 55404 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55407
Minneapolis (55407)
37,881 residents
- 55414
Minneapolis (55414)
28,495 residents
- 55404
Minneapolis (55404)
27,121 residents
- 55405
Minneapolis (55405)
15,411 residents
- 55403 14,985
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 55404 ranks #3 by population — useful context the national average alone can't give.
ZIP 55404 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
- 55407
Minneapolis (55407)
$78,464 median income
- 55405
Minneapolis (55405)
$73,053 median income
- 55402
Minneapolis (55402)
$62,105 median income
- 55403
Minneapolis (55403)
$60,873 median income
- 55414
Minneapolis (55414)
$51,966 median income
- 55404 $41,940
Minneapolis (55404)
$41,940 median income
What this shows By household income, ZIP 55404 ranks #9 of 9 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55415 | Minneapolis, MN | 2,604 | 0.9 mi |
| 55402 | Minneapolis, MN | 368 | 1.1 mi |
| 55454 | Minneapolis, MN | 8,125 | 1.1 mi |
| 55401 | Minneapolis, MN | 6,590 | 1.6 mi |
| 55403 | Minneapolis, MN | 14,985 | 1.3 mi |
| 55407 | Minneapolis, MN | 37,881 | 1.9 mi |
| 55455 | Minneapolis, MN | 1,050 | 1.6 mi |
| 55414 | Minneapolis, MN | 28,495 | 2.1 mi |
| 55405 | Minneapolis, MN | 15,411 | 2.2 mi |
| 55409 | Minneapolis, MN | 11,615 | 2.4 mi |
More ZIP Codes in Hennepin County
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Frequently Asked Questions
What county is ZIP code 55404 in? ▼
What is the population of ZIP code 55404? ▼
What is the median household income in ZIP 55404? ▼
What is the average home value in ZIP 55404? ▼
What is the demographic makeup of ZIP 55404? ▼
How many businesses are in ZIP code 55404? ▼
What are the main industries in ZIP code 55404? ▼
How have home values changed in ZIP code 55404? ▼
What is the education level in ZIP code 55404? ▼
What is the average commute time in ZIP 55404? ▼
What percentage of residents own vs. rent in ZIP 55404? ▼
What is the poverty rate in ZIP code 55404? ▼
ZIP Code Research Guides
Official Data Resources for Minneapolis, 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.