PlainZIP

Minneapolis, MN · standard

ZIP Code 55405

Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.

15,411
2,136/sq mi
$73,053
Median income
$467,700
Median home value
60.6%
Bachelor's or higher

The verdict

Minneapolis pairs an above-median household income with upper-quartile home values, in a suburban-density, renter-heavy area.

Top 48%
household income, US ZIPs
Top 15%
home value, US ZIPs
2,136
people per sq mi
36%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55405 against every reporting US ZIP.

ZIP code 55405 is a mid-sized community (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, home to 15,411 residents across 7.2 square miles, a density of 2,136 people per square mile, in the Chicago time zone.

ZIP 55405 lands in the middle-income range, with a median household income of $73,053 (11% below the Minnesota average), while per-capita income is $58,852. Poverty here runs at 16.4%, with unemployment measured at 6.3%. The typical home here is valued at $467,700 (83% above the state average); renters pay a median of $1,231 monthly, and 36.3% of units are owner-occupied.

This is a highly-educated ZIP: 60.6% of adults hold a bachelor's degree or higher, the median age is 32, and the average commute is 20 minutes. To put 55405 in local context, 10 ZIP codes within roughly 10 miles appear further down this page alongside 6 additional ZIPs in Hennepin County, for a geography-aware comparison.

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 55405

Top 5 sectors by establishment count in Minneapolis, MN

Which industries have the most business establishments in ZIP 55405.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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 55405, 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

15,411

Population

7.2

Area (sq mi)

2,136

People / sq mi

Chicago

Time Zone

standard

ZIP Type

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 55405?

32.0

Median Age

47.8%

Male

52.2%

Female

11.0%

Foreign-Born

White 59.3%
African American 23.3%
Asian 3.9%
American Indian or Alaska Native 2.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 10.0%
Hispanic or Latino 5.1%

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?

$73,053

Median Household Income

-11% vs state

$58,852

Per Capita Income

16.4%

Poverty Rate

6.3%

Unemployment Rate

20.4 min

Mean Commute Time

How ZIP 55405 ranks nationally

Minneapolis, MN household income vs. every US ZIP code

Median household income, the full national distribution, with this ZIP marked

$73,053 Top 48% higher than 52% of 30,318 US ZIPs

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Above this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Above this entry. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 70.3%
Bachelor's Degree or Higher 60.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

9,086

Total Housing Units

8,228

Occupied Units

858

Vacant Units

2.01

Avg Household Size

Occupancy Type

Owner 36.3%
Renter 63.7%

$467,700

Median Home Value

+83% vs state

$1,231

Median Rent

1938

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

+5.5%

YoY Change (2024)

228

HPI Index (2000 = 100)

+128%

Total Change Since 2000

Home values in ZIP 55405 have increased 5.5% over the past year (2024). Since 2000, this ZIP has seen +128% cumulative appreciation.

Year Annual Change HPI Index
2020 +0.9% 194
2021 +3.4% 201
2022 +10.0% 221
2023 -2.0% 216
2024 +5.5% 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 519 business establishments in ZIP 55405, employing approximately 6,349 people with a combined annual payroll of $361,439,000.

519

Businesses

6,349

Employees

$361.4M

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 107 20.6%
Retail trade 65 12.5%
Health care and social assistance 58 11.2%
Other services (except public administration) 52 10.0%
Accommodation and food services 43 8.3%
Real estate and rental and leasing 36 6.9%
Construction 28 5.4%
Wholesale trade 27 5.2%
Finance and insurance 21 4.0%
Administrative and support and waste management and remediation services 20 3.9%
Arts, entertainment, and recreation 16 3.1%
Manufacturing 14 2.7%
Information 12 2.3%
Educational services 10 1.9%
Management of companies and enterprises 5 1.0%
Transportation and warehousing 4 0.8%

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 55405 vs 55403 →

ZIP 55405 vs its nearest neighbors, by population

Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.

residents

What this shows Among its immediate neighbors, ZIP 55405 ranks #6 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 55405 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

median income

What this shows By household income, ZIP 55405 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
ZIP Code City Population Distance
55403 Minneapolis, MN 14,985 0.9 mi
55411 Minneapolis, MN 27,428 2.0 mi
55402 Minneapolis, MN 368 1.7 mi
55408 Minneapolis, MN 29,981 2.2 mi
55401 Minneapolis, MN 6,590 2.0 mi
55415 Minneapolis, MN 2,604 2.3 mi
55404 Minneapolis, MN 27,121 2.2 mi
55416 Minneapolis, MN 29,027 2.2 mi
55412 Minneapolis, MN 22,148 3.9 mi
55454 Minneapolis, MN 8,125 3.1 mi

More ZIP Codes in Hennepin County

55407 standard
Minneapolis, MN
Pop: 37,881
55423 standard
Minneapolis, MN
Pop: 35,375
55311 standard
Maple Grove, MN
Pop: 32,788
55369 standard
Osseo, MN
Pop: 32,524
55443 standard
Minneapolis, MN
Pop: 32,462
55406 standard
Minneapolis, MN
Pop: 32,112

Related Areas

Hennepin County Minneapolis, MN Minnesota

Frequently Asked Questions

What county is ZIP code 55405 in? ▼
ZIP code 55405 (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 55405? ▼
ZIP code 55405 in Minneapolis, MN has a population of 15,411 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55405? ▼
The median household income in ZIP 55405 is $73,053, which is 4% below the national average of $76,288.
What is the average home value in ZIP 55405? ▼
The median home value in ZIP 55405 is $467,700, which is 68% above the national average of $278,155.
What is the demographic makeup of ZIP 55405? ▼
The largest racial group in ZIP 55405 is White at 59.3%. Hispanic or Latino residents make up 5.1% of the population.
How many businesses are in ZIP code 55405? ▼
ZIP code 55405 has 519 business establishments employing approximately 6,349 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55405? ▼
The top industries by establishment count in ZIP 55405 are: Professional, scientific, and technical services (107), Retail trade (65), Health care and social assistance (58). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55405? ▼
According to the FHFA House Price Index, home values in ZIP 55405 increased by 5.5% 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 55405? ▼
In ZIP code 55405, 70.3% of residents aged 25+ have a high school diploma or higher, and 60.6% 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 55405? ▼
The mean commute time for workers in ZIP code 55405 is 20.4 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 55405? ▼
In ZIP code 55405, approximately 36.3% of occupied housing units are owner-occupied and 63.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55405? ▼
The poverty rate in ZIP code 55405 is 16.4% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

Read our methodology to see how this data is sourced, computed, and verified.