Minneapolis, MN · standard

ZIP Code 55418

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

29,472
1,682/sq mi
$99,397
Median income
$348,700
Median home value
54.3%
Bachelor's or higher

The verdict

Minneapolis pairs an upper-quartile household income with above-median home values, in a low-density, homeowner-dominated area.

Top 19%
household income, US ZIPs
Top 27%
home value, US ZIPs
1,682
people per sq mi
66%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55418 against every reporting US ZIP.

ZIP code 55418 is classified by USPS as a standard delivery area and covers roughly 17.5 square miles in Minneapolis, Hennepin County, Minnesota. The area is home to 29,472 residents, producing a population density of 1,682 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 55418 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55418 sits at $99,397 (21% above the Minnesota average), while per-capita income is $57,144. The poverty rate stands at 6.6% and the unemployment rate at 3.6%. On housing, the median home value is $348,700 (36% above the state average) with median rent at $1,425 per month, and 66.3% of occupied units are owner-occupied, a direct signal of whether 55418 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 54.3% of adults hold a bachelor's degree or higher, the median age is 37.2, and the average commute is 23 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55418 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 55418

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55418.

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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 55418, 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

29,472

Population

17.5

Area (sq mi)

1,682

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 55418?

37.2

Median Age

52.3%

Male

47.7%

Female

10.3%

Foreign-Born

White 75.4%
African American 9.5%
Asian 3.0%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 8.2%
Hispanic or Latino 7.2%

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?

$99,397

Median Household Income

+21% vs state

$57,144

Per Capita Income

6.6%

Poverty Rate

3.6%

Unemployment Rate

22.9 min

Mean Commute Time

How ZIP 55418 ranks nationally

Household income vs. every US ZIP code

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

$99,397 Top 19% higher than 81% 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%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). This entry sits in this band. $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 69.5%
Bachelor's Degree or Higher 54.3%

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

What does housing look like?

15,169

Total Housing Units

14,148

Occupied Units

1,021

Vacant Units

2.20

Avg Household Size

Occupancy Type

Owner 66.3%
Renter 33.7%

$348,700

Median Home Value

+36% vs state

$1,425

Median Rent

1948

Median Year Built

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

FHFA House Price Index, annual appreciation data based on repeat sales and appraisals

+3.7%

YoY Change (2024)

246

HPI Index (2000 = 100)

+146%

Total Change Since 2000

Home values in ZIP 55418 have increased 3.7% over the past year (2024). Since 2000, this ZIP has seen +146% cumulative appreciation.

Year Annual Change HPI Index
2020 +4.2% 198
2021 +7.8% 213
2022 +6.3% 227
2023 +4.5% 237
2024 +3.7% 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 725 business establishments in ZIP 55418, employing approximately 8,919 people with a combined annual payroll of $424,101,000.

725

Businesses

8,919

Employees

$424.1M

Annual Payroll

15

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 118 16.3%
Professional, scientific, and technical services 94 13.0%
Other services (except public administration) 84 11.6%
Retail trade 70 9.7%
Accommodation and food services 61 8.4%
Construction 52 7.2%
Real estate and rental and leasing 51 7.0%
Manufacturing 50 6.9%
Wholesale trade 31 4.3%
Administrative and support and waste management and remediation services 30 4.1%
Arts, entertainment, and recreation 21 2.9%
Transportation and warehousing 20 2.8%
Finance and insurance 14 1.9%
Educational services 13 1.8%
Information 12 1.7%

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 55418 vs 55413 →

ZIP 55418 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 55418 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 55418 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 55418 ranks #3 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
55413 Minneapolis, MN 12,934 1.5 mi
55421 Minneapolis, MN 27,035 2.1 mi
55454 Minneapolis, MN 8,125 3.6 mi
55455 Minneapolis, MN 1,050 3.3 mi
55414 Minneapolis, MN 28,495 3.0 mi
55415 Minneapolis, MN 2,604 3.3 mi
55412 Minneapolis, MN 22,148 2.8 mi
55401 Minneapolis, MN 6,590 2.8 mi
55402 Minneapolis, MN 368 3.4 mi
55404 Minneapolis, MN 27,121 4.2 mi

More ZIP Codes in Hennepin County

Frequently Asked Questions

What county is ZIP code 55418 in?
ZIP code 55418 (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 55418?
ZIP code 55418 in Minneapolis, MN has a population of 29,472 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55418?
The median household income in ZIP 55418 is $99,397, which is 30% above the national average of $76,288.
What is the average home value in ZIP 55418?
The median home value in ZIP 55418 is $348,700, which is 25% above the national average of $278,155.
What is the demographic makeup of ZIP 55418?
The largest racial group in ZIP 55418 is White at 75.4%. Hispanic or Latino residents make up 7.2% of the population.
How many businesses are in ZIP code 55418?
ZIP code 55418 has 725 business establishments employing approximately 8,919 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55418?
The top industries by establishment count in ZIP 55418 are: Health care and social assistance (118), Professional, scientific, and technical services (94), Other services (except public administration) (84). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 55418?
According to the FHFA House Price Index, home values in ZIP 55418 increased by 3.7% 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 55418?
In ZIP code 55418, 69.5% of residents aged 25+ have a high school diploma or higher, and 54.3% 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 55418?
The mean commute time for workers in ZIP code 55418 is 22.9 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 55418?
In ZIP code 55418, approximately 66.3% of occupied housing units are owner-occupied and 33.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55418?
The poverty rate in ZIP code 55418 is 6.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

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Official Data Resources for Minneapolis, MN

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