Minneapolis, MN · standard

ZIP Code 55424

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

9,685
1,535/sq mi
$250,001
Median income
$992,600
Median home value
85.6%
Bachelor's or higher

The verdict

Minneapolis pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.

Top 1%
household income, US ZIPs
Top 2%
home value, US ZIPs
1,535
people per sq mi
92%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55424 against every reporting US ZIP.

ZIP code 55424 is classified by USPS as a standard delivery area and covers roughly 6.3 square miles in Minneapolis, Hennepin County, Minnesota. The area is home to 9,685 residents, producing a population density of 1,535 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 55424 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55424 sits at $250,001 (204% above the Minnesota average), while per-capita income is $124,809. The poverty rate stands at 1.6% and the unemployment rate at 3.1%. On housing, the median home value is $992,600 (288% above the state average) with median rent at $2,048 per month, and 91.5% of occupied units are owner-occupied, a direct signal of whether 55424 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 85.6% of adults hold a bachelor's degree or higher, the median age is 43.1, and the average commute is . We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55424 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 55424

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55424.

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 55424, 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

9,685

Population

6.3

Area (sq mi)

1,535

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 55424?

43.1

Median Age

50.3%

Male

49.7%

Female

5.9%

Foreign-Born

White 85.6%
African American 0.8%
Asian 3.9%
American Indian or Alaska Native 0.2%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 8.6%
Hispanic or Latino 2.4%

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?

$250,001

Median Household Income

+204% vs state

$124,809

Per Capita Income

1.6%

Poverty Rate

3.1%

Unemployment Rate

How ZIP 55424 ranks nationally

Household income vs. every US ZIP code

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

$250,001 Top 1% higher than 99% 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%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). Below this entry. $140,000–$160,000: 686 US ZIPs (2%). Below this entry. $160,000–$180,000: 364 US ZIPs (1%). Below this entry. $180,000–$200,000: 186 US ZIPs (1%). Below this entry. $200,000–$220,000: 324 US ZIPs (1%). This entry sits in this band. 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 88.9%
Bachelor's Degree or Higher 85.6%

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

What does housing look like?

3,873

Total Housing Units

3,667

Occupied Units

206

Vacant Units

2.80

Avg Household Size

Occupancy Type

Owner 91.5%
Renter 8.5%

$992,600

Median Home Value

+288% vs state

$2,048

Median Rent

1952

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

+1.6%

YoY Change (2024)

264

HPI Index (2000 = 100)

+164%

Total Change Since 2000

Home values in ZIP 55424 have increased 1.6% over the past year (2024). Since 2000, this ZIP has seen +164% cumulative appreciation.

Year Annual Change HPI Index
2020 +2.6% 214
2021 +6.9% 228
2022 +3.7% 237
2023 +9.8% 260
2024 +1.6% 264

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 332 business establishments in ZIP 55424, employing approximately 2,200 people with a combined annual payroll of $133,237,000.

332

Businesses

2,200

Employees

$133.2M

Annual Payroll

14

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 79 23.8%
Real estate and rental and leasing 54 16.3%
Health care and social assistance 40 12.1%
Other services (except public administration) 33 9.9%
Retail trade 29 8.7%
Accommodation and food services 19 5.7%
Construction 18 5.4%
Finance and insurance 14 4.2%
Administrative and support and waste management and remediation services 11 3.3%
Wholesale trade 10 3.0%
Educational services 9 2.7%
Information 5 1.5%
Arts, entertainment, and recreation 5 1.5%
Manufacturing 4 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 55424 vs 55410 →

ZIP 55424 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 55424 ranks #0 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 55424 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 55424 ranks the highest 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
55410 Minneapolis, MN 19,340 1.1 mi
55436 Minneapolis, MN 13,138 1.7 mi
55435 Minneapolis, MN 11,592 2.2 mi
55416 Minneapolis, MN 29,027 3.0 mi
55419 Minneapolis, MN 26,406 2.6 mi
55439 Minneapolis, MN 8,750 2.7 mi
55408 Minneapolis, MN 29,981 3.4 mi
55409 Minneapolis, MN 11,615 3.3 mi
55343 Hopkins, MN 23,933 3.8 mi
55437 Minneapolis, MN 17,484 5.6 mi

More ZIP Codes in Hennepin County

Frequently Asked Questions

What county is ZIP code 55424 in?
ZIP code 55424 (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 55424?
ZIP code 55424 in Minneapolis, MN has a population of 9,685 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55424?
The median household income in ZIP 55424 is $250,001, which is 228% above the national average of $76,288.
What is the average home value in ZIP 55424?
The median home value in ZIP 55424 is $992,600, which is 257% above the national average of $278,155.
What is the demographic makeup of ZIP 55424?
The largest racial group in ZIP 55424 is White at 85.6%. Hispanic or Latino residents make up 2.4% of the population.
How many businesses are in ZIP code 55424?
ZIP code 55424 has 332 business establishments employing approximately 2,200 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55424?
The top industries by establishment count in ZIP 55424 are: Professional, scientific, and technical services (79), Real estate and rental and leasing (54), Health care and social assistance (40). There are 14 industry sectors represented in total.
How have home values changed in ZIP code 55424?
According to the FHFA House Price Index, home values in ZIP 55424 increased by 1.6% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 164%. 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 55424?
In ZIP code 55424, 88.9% of residents aged 25+ have a high school diploma or higher, and 85.6% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What percentage of residents own vs. rent in ZIP 55424?
In ZIP code 55424, approximately 91.5% of occupied housing units are owner-occupied and 8.5% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55424?
The poverty rate in ZIP code 55424 is 1.6% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.

ZIP Code Research Guides

Official Data Resources for Minneapolis, MN

Verify and explore additional data for this area using these official government sources.