Residential delivery area · Minnesota
ZIP Code 55407: Minneapolis, MN
ZIP code 55407 is in Minneapolis, Minnesota, entirely in Hennepin County (Census 2020 ZIP-county file). About 38,000 people live there (Census Bureau, ACS 2020-2024), the most populous of Minneapolis's 51 residential ZIP codes. Median household income is $78,464 (Census Bureau, ACS 2020-2024).
- ACS2020-24
- Census2020
- FHFA2025
- ZBP2023
- IRS2022
- Town
- Minneapolis · 51 residential ZIPs
- County
- Hennepin County
- Census places
- Minneapolis
- Neighborhood
- Phillips GeoNames
- Metro area
- Minneapolis-St. Paul-Bloomington, MN-WI
- House district
- MN-5 119th Congress
- State
- Minnesota
- Time zone
- Central
- Land area
- 4.0 sq mi · 9,384 people per sq mi
- PO Box ZIPs
- 18 more ZIP codes use the name Minneapolis for PO boxes or single organizations
Where is ZIP code 55407?
55407 centers on 44.935°, -93.253° and covers 4.0 square miles of land plus 0.1 of water. It borders 6 ZIP codes: 55409, 55406, 55404, 55408, 55417, 55419.
The map draws ZIP code areas only. For the streets inside 55407, open its center on OpenStreetMap.
Source: U.S. Census Bureau, 2020 ZCTA cartographic boundaries and the 2023 Gazetteer (2020 ZCTAs); ZIP-to-county shares, Census places and House districts (119th Congress) from the Census 2020 relationship files (shares of land); metro area from the OMB delineation (July 2023); town name and time zone from simplemaps US ZIP Codes (CC BY 4.0); neighborhoods from the GeoNames gazetteer (CC BY 4.0), placed in this ZIP code by PlainZIP.
How does 55407 compare with the rest of Minneapolis?
| Measure | 55407 | In Minneapolis | In Hennepin County | In MN |
|---|---|---|---|---|
| People (ACS 2020-2024) | 37,667 | 1st of 51 | 3rd of 71 | 21st of 881 |
| Median household income | $79k | 34th of 47 | 54th of 66 | 302nd of 545 |
| Median home value | $335k | 31st of 48 | 54th of 66 | 170th of 558 |
Its median household income is higher than in 60% of U.S. residential ZIP codes, and it is denser than 98% of all U.S. residential ZIP codes. ZIP codes at the ACS caps ($250,000 or more for household income, $2,000,000 or more for home value) share the top rank.
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B19013, B25077); ranks by PlainZIP over residential ZIP codes (ZCTAs).
How many people live in 55407?
The 2020 Census counted 38,506 people in 55407; the ACS, which samples households over 2020-2024, estimates 37,667. Between the 2010 and 2020 censuses its population grew 1.6% (its boundary stayed at least 90% the same).
- People, ACS 2020-2024
- 37,667
- 2020 Census count
- 38,506+1.6% since 2010 (37,881)
- Households
- 14,789
- Median age
- 33.8
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01003, B01002, B11001); 2020 Census (DHC P1); 2010 Census (SF1 P1).
Who lives in 55407?
Of the 37,667 people the ACS estimates in 55407, 24.8% are under 18 and 9.5% are 65 or older. The largest group by race and Hispanic origin is White (not Hispanic) (49.7%), then Hispanic or Latino (23.5%).
- Under 1824.8%
- 18 to 6465.7%
- 65 and older9.5%
- White, not Hispanic49.7%
- Hispanic or Latino23.5%
- Black, not Hispanic17.7%
- Other or two or more7.0%
- Asian, not Hispanic2.1%
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B01001 age by sex, B03002 Hispanic or Latino origin by race); shares of the estimated population, small ZIP codes carry wide margins.
What do households in 55407 earn?
Median household income is $78,464 (ACS 2020-2024), the 54th highest of the 66 ranked ZIP codes in Hennepin County. It is not measurably different from 2015-2019 ($76,185 in 2024 dollars): the change is within the surveys' margins of error.
- Median household income
- $78,464
- Income per person
- $40,979
- Below the poverty line
- 17.4%
- Unemployed (of the labor force)
- 6.5%
- Adults 25+ with a bachelor's degree
- 49.0%
- Adjusted gross income per tax return, 2022
- $62,99917,480 returns; wages 82% of AGI (IRS)
Source: U.S. Census Bureau, ACS 2020-2024 and 2015-2019 5-year estimates (B19013, B19301, B17001, B23025, B15003; 2015-2019 dollars converted with the BLS CPI-U, 1.22699); IRS Statistics of Income, ZIP code data, tax year 2022 (adjusted gross income per return, filed under the address on the return).
What are homes worth in 55407?
FHFA's house price index for 55407, built from repeat sales and appraisals of the same homes, rose 65% from 2015 to 2025 and rose 21% from 2020 to 2025, and moved +3.1% in 2025.
- Median home value (owners' estimate)
- $335,400
- Median gross rent
- $1,291
- Homes owned by their occupants
- 58.9%
- Housing units
- 16,078
Source: U.S. Census Bureau, ACS 2020-2024 5-year estimates (B25077, B25064, B25003, B25001); FHFA House Price Index, annual five-digit ZIP, updated 2026-03-31.
What businesses are in 55407?
823 business establishments had a location in this ZIP code in 2023, 36 more than in 2018; the most are in health care and social assistance (ZIP Code Business Patterns).
- Health care and social assistance218
- Other services (except public administration)110
- Accommodation and food services88
- Professional, scientific, and technical services84
- Retail trade78
- Construction57
Source: U.S. Census Bureau, ZIP Code Business Patterns 2023 and 2018 (establishments with paid employees, by the business's ZIP code).
Which ZIP codes are next to 55407?
| ZIP | Town | People | Household income | Distance |
|---|---|---|---|---|
| 55409 | Minneapolis | 11,188 | $98k | 1.4 mi |
| 55406 | Minneapolis | 36,581 | $94k | 1.6 mi |
| 55404 | Minneapolis | 28,920 | $42k | 1.9 mi |
| 55408 | Minneapolis | 31,507 | $70k | 2.1 mi |
| 55417 | Minneapolis | 25,102 | $126k | 2.2 mi |
| 55419 | Minneapolis | 29,738 | $148k | 2.6 mi |
| 55454 | Minneapolis | 8,880 | $23k | 2.7 mi (near) |
| 55415 | Minneapolis | 6,900 | $125k | 2.7 mi (near) |
Source: PlainZIP from the Census 2020 ZCTA boundaries (shared edges) and internal points; figures ACS 2020-2024.