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 High-density area
- $250,000+
- Median income Above-median income area
- $992,600
- Median home value Above-median home value
- 85.6%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 55424 (Minneapolis, MN) rose +1.6% from 2023 to 2024. The all-transactions index moved from 260.1 in 2023 to 264.2 in 2024 (2000 = 100).
ZIP code 55424 is a mid-sized community (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, home to 9,685 residents across 6.3 square miles, a density of 1,535 people per square mile, in the Chicago time zone.
ZIP 55424 skews affluent, with a median household income of $250,000+ (204% above the average Minnesota ZIP), while per-capita income is $124,809. Both reported hardship measures are comparatively low in absolute terms: poverty is 1.6% and unemployment is 3.1%. Housing is both higher-cost and owner-heavy: median home value is $992,600 (288% above the average Minnesota ZIP), while 91.5% of occupied homes are owner-occupied and median rent is $2,048.
This is a highly-educated ZIP: 85.6% of adults hold a bachelor's degree or higher, the median age is 43.1, and the average commute is -. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55424 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 55424
Top 5 sectors by establishment count in Minneapolis, MN
Which industries have the most business establishments in ZIP 55424.
- Professional, scientific, and technical services
Professional, scientific, and technical services
79 establishments
- Real estate and rental and leasing
Real estate and rental and leasing
54 establishments
- Health care and social assistance
Health care and social assistance
40 establishments
- Other services (except public administration)
Other services (except public administration)
33 establishments
- Retail trade 29
Retail trade
29 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 55424, 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
9,685
Population
6.3
Area (sq mi)
1,535
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55424?
43.1
Median Age
50.3%
Male
49.7%
Female
5.9%
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?
$250,000+
Median Household Income
+204% vs state ZIP avg
$124,809
Per Capita Income
1.6%
Poverty Rate
3.1%
Unemployment Rate
How ZIP 55424 ranks among Minnesota ZIPs
Minneapolis, MN household income vs. every Minnesota ZIP code
Median household income among 864 reporting Minnesota ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$250,000 Top 1% higher than 99% of 864 Minnesota ZIPs
Each bar is a $20K-wide band; taller bars hold more Minnesota 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
3,873housing units
3,873
Total Housing Units
3,667
Occupied Units
206
Vacant Units
2.80
Avg Household Size
Occupancy Type
$992,600
Median Home Value
+288% vs state ZIP avg
$2,048
Median Rent
1952
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
+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.
- 55408
Minneapolis (55408)
29,981 residents
- 55416
Minneapolis (55416)
29,027 residents
- 55419
Minneapolis (55419)
26,406 residents
- 55343
Hopkins (55343)
23,933 residents
- 55410
Minneapolis (55410)
19,340 residents
- 55437
Minneapolis (55437)
17,484 residents
- 55436
Minneapolis (55436)
13,138 residents
- 55409 11,615
Minneapolis (55409)
11,615 residents
- 55435 11,592
Minneapolis (55435)
11,592 residents
What this shows Among its immediate neighbors, ZIP 55424 ranks #0 by population - useful context the national average alone can't give.
ZIP 55424 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55424
Minneapolis (55424)
$250,000 median income
- 55439
Minneapolis (55439)
$168,693 median income
- 55419
Minneapolis (55419)
$148,350 median income
- 55410
Minneapolis (55410)
$146,425 median income
- 55436
Minneapolis (55436)
$144,129 median income
- 55416
Minneapolis (55416)
$105,958 median income
- 55409 $98,305
Minneapolis (55409)
$98,305 median income
- 55437 $95,718
Minneapolis (55437)
$95,718 median income
- 55343 $83,143
Hopkins (55343)
$83,143 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.
| 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 |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55424, 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 (9,685 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 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 $250,000+, 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.
Related
Take this with you
What to do with ZIP 55424's numbers, next.
- See how ZIP 55424 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
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.