PlainZIP

Minneapolis, MN · standard

ZIP Code 55407

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

37,881
3,620/sq mi
$78,464
Median income
$335,400
Median home value
49.0%
Bachelor's or higher

The verdict

Minneapolis pairs an above-median household income with above-median home values, in a suburban-density, mixed-tenure area.

Top 40%
household income, US ZIPs
Top 28%
home value, US ZIPs
3,620
people per sq mi
59%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55407 against every reporting US ZIP.

ZIP code 55407 is a densely settled ZIP (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, with 37,881 residents across 10.5 square miles, a density of 3,620 people per square mile, in the Chicago time zone.

ZIP 55407 lands in the middle-income range, with a median household income of $78,464 (4% below the Minnesota average), while per-capita income is $40,979. 17.4% of residents live below the poverty line, and the unemployment rate reads 6.5%. Housing costs here run $335,400 for a typical home value (31% above the state average), with rent averaging $1,291 a month; 58.9% of homes are owner-occupied.

A solid share of residents have a four-year degree: 49.0% of adults hold a bachelor's degree or higher, the median age is 33.8, and the average commute is 23 minutes. To put 55407 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 55407

Top 5 sectors by establishment count in Minneapolis, MN

Which industries have the most business establishments in ZIP 55407.

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 55407, 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

37,881

Population

10.5

Area (sq mi)

3,620

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 55407?

33.8

Median Age

50.0%

Male

50.0%

Female

17.8%

Foreign-Born

White 52.0%
African American 17.9%
Asian 2.3%
American Indian or Alaska Native 2.0%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 11.6%
Hispanic or Latino 23.5%

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?

$78,464

Median Household Income

-4% vs state

$40,979

Per Capita Income

17.4%

Poverty Rate

6.5%

Unemployment Rate

23.0 min

Mean Commute Time

How ZIP 55407 ranks nationally

Minneapolis, MN household income vs. every US ZIP code

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

$78,464 Top 40% higher than 60% 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 62.6%
Bachelor's Degree or Higher 49.0%

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

What does housing look like?

16,078

Total Housing Units

14,789

Occupied Units

1,289

Vacant Units

2.51

Avg Household Size

Occupancy Type

Owner 58.9%
Renter 41.1%

$335,400

Median Home Value

+31% vs state

$1,291

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

+3.4%

YoY Change (2024)

246

HPI Index (2000 = 100)

+146%

Total Change Since 2000

Home values in ZIP 55407 have increased 3.4% over the past year (2024). Since 2000, this ZIP has seen +146% cumulative appreciation.

Year Annual Change HPI Index
2020 +4.9% 209
2021 +6.4% 222
2022 +6.3% 236
2023 +0.9% 238
2024 +3.4% 246

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 823 business establishments in ZIP 55407, employing approximately 18,174 people with a combined annual payroll of $1,409,874,000.

823

Businesses

18,174

Employees

$1.4B

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 218 26.5%
Other services (except public administration) 110 13.4%
Accommodation and food services 88 10.7%
Professional, scientific, and technical services 84 10.2%
Retail trade 78 9.5%
Construction 57 6.9%
Administrative and support and waste management and remediation services 43 5.2%
Real estate and rental and leasing 29 3.5%
Finance and insurance 22 2.7%
Educational services 20 2.4%
Arts, entertainment, and recreation 20 2.4%
Manufacturing 17 2.1%
Wholesale trade 15 1.8%
Transportation and warehousing 10 1.2%
Information 10 1.2%

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 55407 vs 55409 →

ZIP 55407 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 55407 ranks the most populous - useful context the national average alone can't give.

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

ZIP 55407 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 55407 ranks #6 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
55409 Minneapolis, MN 11,615 1.4 mi
55404 Minneapolis, MN 27,121 1.9 mi
55406 Minneapolis, MN 32,112 1.6 mi
55408 Minneapolis, MN 29,981 1.9 mi
55415 Minneapolis, MN 2,604 2.8 mi
55454 Minneapolis, MN 8,125 2.4 mi
55417 Minneapolis, MN 24,875 2.4 mi
55455 Minneapolis, MN 1,050 2.8 mi
55402 Minneapolis, MN 368 3.0 mi
55419 Minneapolis, MN 26,406 2.6 mi

More ZIP Codes in Hennepin County

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
55347 standard
Eden Prairie, MN
Pop: 30,069

Related Areas

Hennepin County Minneapolis, MN Minnesota

Frequently Asked Questions

What county is ZIP code 55407 in? ▼
ZIP code 55407 (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 55407? ▼
ZIP code 55407 in Minneapolis, MN has a population of 37,881 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55407? ▼
The median household income in ZIP 55407 is $78,464, which is 3% above the national average of $76,288.
What is the average home value in ZIP 55407? ▼
The median home value in ZIP 55407 is $335,400, which is 21% above the national average of $278,155.
What is the demographic makeup of ZIP 55407? ▼
The largest racial group in ZIP 55407 is White at 52.0%. Hispanic or Latino residents make up 23.5% of the population.
How many businesses are in ZIP code 55407? ▼
ZIP code 55407 has 823 business establishments employing approximately 18,174 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55407? ▼
The top industries by establishment count in ZIP 55407 are: Health care and social assistance (218), Other services (except public administration) (110), Accommodation and food services (88). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 55407? ▼
According to the FHFA House Price Index, home values in ZIP 55407 increased by 3.4% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 146%. 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 55407? ▼
In ZIP code 55407, 62.6% of residents aged 25+ have a high school diploma or higher, and 49.0% 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 55407? ▼
The mean commute time for workers in ZIP code 55407 is 23.0 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 55407? ▼
In ZIP code 55407, approximately 58.9% of occupied housing units are owner-occupied and 41.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55407? ▼
The poverty rate in ZIP code 55407 is 17.4% 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.