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.
- 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 + 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
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?
$250,001
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
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?
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
$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)
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)
$250,001 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 |
More ZIP Codes in Hennepin County
Related Areas
Frequently Asked Questions
What county is ZIP code 55424 in? ▼
What is the population of ZIP code 55424? ▼
What is the median household income in ZIP 55424? ▼
What is the average home value in ZIP 55424? ▼
What is the demographic makeup of ZIP 55424? ▼
How many businesses are in ZIP code 55424? ▼
What are the main industries in ZIP code 55424? ▼
How have home values changed in ZIP code 55424? ▼
What is the education level in ZIP code 55424? ▼
What percentage of residents own vs. rent in ZIP 55424? ▼
What is the poverty rate in ZIP code 55424? ▼
ZIP Code Research Guides
Official Data Resources for Minneapolis, MN
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.