Minneapolis, MN · standard

ZIP Code 55428

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

29,357
1,400/sq mi
$74,860
Median income
$299,500
Median home value
28.5%
Bachelor's or higher

The verdict

Minneapolis pairs an above-median household income with above-median home values, in a low-density, mixed-tenure area.

Top 45%
household income, US ZIPs
Top 33%
home value, US ZIPs
1,400
people per sq mi
56%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55428 against every reporting US ZIP.

ZIP code 55428 is classified by USPS as a standard delivery area and covers roughly 21.0 square miles in Minneapolis, Hennepin County, Minnesota. The area is home to 29,357 residents, producing a population density of 1,400 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 55428 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55428 sits at $74,860 (9% below the Minnesota average), while per-capita income is $35,111. The poverty rate stands at 14.1% and the unemployment rate at 5.4%. On housing, the median home value is $299,500 (17% above the state average) with median rent at $1,336 per month, and 56.2% of occupied units are owner-occupied, a direct signal of whether 55428 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 28.5% of adults hold a bachelor's degree or higher, the median age is 37.1, and the average commute is 20 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55428 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 55428

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55428.

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 55428, 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

29,357

Population

21.0

Area (sq mi)

1,400

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 55428?

37.1

Median Age

49.1%

Male

50.9%

Female

21.6%

Foreign-Born

White 45.6%
African American 32.1%
Asian 7.3%
American Indian or Alaska Native 0.6%
Native Hawaiian or Pacific Islander 0.1%
Two or More Ethnicities 9.2%
Hispanic or Latino 10.5%

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?

$74,860

Median Household Income

-9% vs state

$35,111

Per Capita Income

14.1%

Poverty Rate

5.4%

Unemployment Rate

20.4 min

Mean Commute Time

How ZIP 55428 ranks nationally

Household income vs. every US ZIP code

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

$74,860 Top 45% higher than 55% 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%). This entry sits in this band. $80,000–$100,000: 5,778 US ZIPs (19%). Above this entry. $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 56.4%
Bachelor's Degree or Higher 28.5%

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

What does housing look like?

13,525

Total Housing Units

12,936

Occupied Units

589

Vacant Units

2.45

Avg Household Size

Occupancy Type

Owner 56.2%
Renter 43.8%

$299,500

Median Home Value

+17% vs state

$1,336

Median Rent

1968

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

+4.3%

YoY Change (2024)

219

HPI Index (2000 = 100)

+119%

Total Change Since 2000

Home values in ZIP 55428 have increased 4.3% over the past year (2024). Since 2000, this ZIP has seen +119% cumulative appreciation.

Year Annual Change HPI Index
2020 +3.7% 172
2021 +10.8% 191
2022 +9.8% 209
2023 +0.1% 210
2024 +4.3% 219

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 859 business establishments in ZIP 55428, employing approximately 16,675 people with a combined annual payroll of $1,136,394,000.

859

Businesses

16,675

Employees

$1.1B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Health care and social assistance 141 16.4%
Retail trade 96 11.2%
Professional, scientific, and technical services 78 9.1%
Construction 73 8.5%
Wholesale trade 68 7.9%
Other services (except public administration) 65 7.6%
Manufacturing 64 7.5%
Administrative and support and waste management and remediation services 62 7.2%
Accommodation and food services 61 7.1%
Finance and insurance 50 5.8%
Real estate and rental and leasing 41 4.8%
Transportation and warehousing 26 3.0%
Information 11 1.3%
Educational services 11 1.3%
Management of companies and enterprises 6 0.7%
Arts, entertainment, and recreation 5 0.6%

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 55428 vs 55429 →

ZIP 55428 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 55428 ranks #2 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 55428 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 55428 ranks #null 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
55429 Minneapolis, MN 26,751 1.9 mi
55427 Minneapolis, MN 22,919 3.9 mi
55442 Minneapolis, MN 13,217 2.4 mi
55445 Minneapolis, MN 9,879 4.2 mi
55430 Minneapolis, MN 21,508 3.9 mi
55422 Minneapolis, MN 27,820 4.3 mi
55443 Minneapolis, MN 32,462 4.4 mi
55441 Minneapolis, MN 17,848 4.7 mi
55426 Minneapolis, MN 24,945 7.5 mi
55316 Champlin, MN 23,089 7.4 mi

More ZIP Codes in Hennepin County

Frequently Asked Questions

What county is ZIP code 55428 in?
ZIP code 55428 (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 55428?
ZIP code 55428 in Minneapolis, MN has a population of 29,357 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55428?
The median household income in ZIP 55428 is $74,860, which is 2% below the national average of $76,288.
What is the average home value in ZIP 55428?
The median home value in ZIP 55428 is $299,500, which is 8% above the national average of $278,155.
What is the demographic makeup of ZIP 55428?
The largest racial group in ZIP 55428 is White at 45.6%. Hispanic or Latino residents make up 10.5% of the population.
How many businesses are in ZIP code 55428?
ZIP code 55428 has 859 business establishments employing approximately 16,675 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55428?
The top industries by establishment count in ZIP 55428 are: Health care and social assistance (141), Retail trade (96), Professional, scientific, and technical services (78). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55428?
According to the FHFA House Price Index, home values in ZIP 55428 increased by 4.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 119%. 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 55428?
In ZIP code 55428, 56.4% of residents aged 25+ have a high school diploma or higher, and 28.5% 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 55428?
The mean commute time for workers in ZIP code 55428 is 20.4 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 55428?
In ZIP code 55428, approximately 56.2% of occupied housing units are owner-occupied and 43.8% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55428?
The poverty rate in ZIP code 55428 is 14.1% 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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