Minneapolis, MN · standard
ZIP Code 55406
Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 32,112
- 2,479/sq mi High-density area
- $93,910
- Median income Above-median income area
- $354,100
- Median home value Above-median home value
- 57.3%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Minneapolis pairs an upper-quartile household income with above-median home values, in a suburban-density, homeowner-dominated area.
- Top 23%
- household income, US ZIPs
- Top 26%
- home value, US ZIPs
- 2,479
- people per sq mi
- 66%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55406 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 55406 (Minneapolis, MN) rose +6.0% from 2023 to 2024. The all-transactions index moved from 239.5 in 2023 to 254.0 in 2024 (2000 = 100).
ZIP code 55406 is a densely settled ZIP (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, with 32,112 residents across 13.0 square miles, a density of 2,479 people per square mile, in the Chicago time zone.
ZIP 55406 lands in the middle-income range, with a median household income of $93,910 (14% above the average Minnesota ZIP), while per-capita income is $54,006. The poverty rate is 9.5%, with unemployment at 5.8%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $354,100 (38% above the average Minnesota ZIP), while 66.0% of occupied homes are owner-occupied and median rent is $1,281.
This is a highly-educated ZIP: 57.3% of adults hold a bachelor's degree or higher, the median age is 39.8, and the average commute is 22 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55406 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 55406
Top 5 sectors by establishment count in Minneapolis, MN
Which industries have the most business establishments in ZIP 55406.
- Health care and social assistance
Health care and social assistance
144 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
112 establishments
- Other services (except public administration)
Other services (except public administration)
106 establishments
- Construction
Construction
76 establishments
- Retail trade
Retail trade
72 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 55406, 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
32,112
Population
13.0
Area (sq mi)
2,479
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55406?
39.8
Median Age
48.3%
Male
51.7%
Female
11.9%
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?
$93,910
Median Household Income
+14% vs state ZIP avg
$54,006
Per Capita Income
9.5%
Poverty Rate
5.8%
Unemployment Rate
21.7 min
Mean Commute Time
How ZIP 55406 ranks nationally
Minneapolis, MN household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$93,910 Top 23% higher than 77% 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?
Housing stock: occupied vs vacant
17,939housing units
17,939
Total Housing Units
16,999
Occupied Units
940
Vacant Units
2.14
Avg Household Size
Occupancy Type
$354,100
Median Home Value
+38% vs state ZIP avg
$1,281
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
+6.0%
YoY Change (2024)
254
HPI Index (2000 = 100)
+154%
Total Change Since 2000
Home values in ZIP 55406 have increased 6.0% over the past year (2024). Since 2000, this ZIP has seen +154% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.0% | 208 |
| 2021 | +6.0% | 220 |
| 2022 | +8.5% | 239 |
| 2023 | +0.2% | 240 |
| 2024 | +6.0% | 254 |
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 812 business establishments in ZIP 55406, employing approximately 10,296 people with a combined annual payroll of $436,787,000.
812
Businesses
10,296
Employees
$436.8M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 144 | 17.7% |
| Professional, scientific, and technical services | 112 | 13.8% |
| Other services (except public administration) | 106 | 13.1% |
| Construction | 76 | 9.4% |
| Retail trade | 72 | 8.9% |
| Accommodation and food services | 66 | 8.1% |
| Manufacturing | 34 | 4.2% |
| Real estate and rental and leasing | 33 | 4.1% |
| Administrative and support and waste management and remediation services | 33 | 4.1% |
| Wholesale trade | 32 | 3.9% |
| Educational services | 32 | 3.9% |
| Arts, entertainment, and recreation | 29 | 3.6% |
| Finance and insurance | 17 | 2.1% |
| Information | 14 | 1.7% |
| Transportation and warehousing | 9 | 1.1% |
| 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 55406 vs 55407 →
ZIP 55406 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
- 55406
Minneapolis (55406)
32,112 residents
- 55414
Minneapolis (55414)
28,495 residents
- 55105
Saint Paul (55105)
28,455 residents
- 55404
Minneapolis (55404)
27,121 residents
- 55417
Minneapolis (55417)
24,875 residents
- 55409 11,615
Minneapolis (55409)
11,615 residents
- 55454 8,125
Minneapolis (55454)
8,125 residents
- 55114 3,100
Saint Paul (55114)
3,100 residents
What this shows Among its immediate neighbors, ZIP 55406 ranks #2 by population - useful context the national average alone can't give.
ZIP 55406 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55417
Minneapolis (55417)
$126,261 median income
- 55105
Saint Paul (55105)
$107,248 median income
- 55409
Minneapolis (55409)
$98,305 median income
- 55406
Minneapolis (55406)
$93,910 median income
- 55407
Minneapolis (55407)
$78,464 median income
- 55114
Saint Paul (55114)
$62,766 median income
- 55414
Minneapolis (55414)
$51,966 median income
- 55404 $41,940
Minneapolis (55404)
$41,940 median income
- 55454 $23,100
Minneapolis (55454)
$23,100 median income
What this shows By household income, ZIP 55406 ranks #4 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55407 | Minneapolis, MN | 37,881 | 1.6 mi |
| 55417 | Minneapolis, MN | 24,875 | 2.5 mi |
| 55414 | Minneapolis, MN | 28,495 | 2.8 mi |
| 55455 | Minneapolis, MN | 1,050 | 2.4 mi |
| 55454 | Minneapolis, MN | 8,125 | 2.3 mi |
| 55114 | Saint Paul, MN | 3,100 | 2.3 mi |
| 55105 | Saint Paul, MN | 28,455 | 2.6 mi |
| 55404 | Minneapolis, MN | 27,121 | 2.5 mi |
| 55450 | Minneapolis, MN | 10 | 4.2 mi |
| 55409 | Minneapolis, MN | 11,615 | 3.0 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55406, 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 (32,112 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 55406 in?
ZIP code 55406 (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 55406?
ZIP code 55406 in Minneapolis, MN has a population of 32,112 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55406?
The median household income in ZIP 55406 is $93,910, which is 23% above the national average of $76,288.
What is the average home value in ZIP 55406?
The median home value in ZIP 55406 is $354,100, which is 27% above the national average of $278,155.
What is the demographic makeup of ZIP 55406?
The largest racial group in ZIP 55406 is White at 69.5%. Hispanic or Latino residents make up 7.1% of the population.
How many businesses are in ZIP code 55406?
ZIP code 55406 has 812 business establishments employing approximately 10,296 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55406?
The top industries by establishment count in ZIP 55406 are: Health care and social assistance (144), Professional, scientific, and technical services (112), Other services (except public administration) (106). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55406?
According to the FHFA House Price Index, home values in ZIP 55406 increased by 6.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 154%. 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 55406?
In ZIP code 55406, 69.4% of residents aged 25+ have a high school diploma or higher, and 57.3% 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 55406?
The mean commute time for workers in ZIP code 55406 is 21.7 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 55406?
In ZIP code 55406, approximately 66.0% of occupied housing units are owner-occupied and 34.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55406?
The poverty rate in ZIP code 55406 is 9.5% 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 55406's numbers, next.
- See how ZIP 55406 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.