Minneapolis, MN · standard
ZIP Code 55431
Hennepin County, Minnesota - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 18,435
- 890/sq mi High-density area
- $101,484
- Median income Above-median income area
- $373,500
- Median home value Above-median home value
- 49.1%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Minneapolis pairs an upper-quartile household income with upper-quartile home values, in a low-density, homeowner-dominated area.
- Top 18%
- household income, US ZIPs
- Top 23%
- home value, US ZIPs
- 890
- people per sq mi
- 67%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55431 against every reporting US ZIP.
ZIP code 55431 is a mid-sized community (a standard USPS delivery area) in Minneapolis, Hennepin County, Minnesota, home to 18,435 residents across 20.7 square miles, a density of 890 people per square mile, in the Chicago time zone.
ZIP 55431 lands in the middle-income range, with a median household income of $101,484 (24% above the average Minnesota ZIP), while per-capita income is $54,370. The poverty rate is 4.8%, with unemployment at 5.0%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $373,500 (46% above the average Minnesota ZIP), while 67.4% of occupied homes are owner-occupied and median rent is $1,699.
A solid share of residents have a four-year degree: 49.1% of adults hold a bachelor's degree or higher, the median age is 43.6, and the average commute is 19 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Hennepin County, so 55431 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 55431
Top 5 sectors by establishment count in Minneapolis, MN
Which industries have the most business establishments in ZIP 55431.
- Health care and social assistance
Health care and social assistance
121 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
94 establishments
- Finance and insurance
Finance and insurance
83 establishments
- Other services (except public administration)
Other services (except public administration)
66 establishments
- Retail trade
Retail trade
65 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 55431, 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
18,435
Population
20.7
Area (sq mi)
890
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 55431?
43.6
Median Age
47.5%
Male
52.5%
Female
12.4%
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?
$101,484
Median Household Income
+24% vs state ZIP avg
$54,370
Per Capita Income
4.8%
Poverty Rate
5.0%
Unemployment Rate
19.0 min
Mean Commute Time
How ZIP 55431 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)
$101,484 Top 16% higher than 84% 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
8,451housing units
8,451
Total Housing Units
8,199
Occupied Units
252
Vacant Units
2.24
Avg Household Size
Occupancy Type
$373,500
Median Home Value
+46% vs state ZIP avg
$1,699
Median Rent
1965
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
+0.3%
YoY Change (2024)
217
HPI Index (2000 = 100)
+117%
Total Change Since 2000
Home values in ZIP 55431 have increased 0.3% over the past year (2024). Since 2000, this ZIP has seen +117% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +3.6% | 170 |
| 2021 | +9.7% | 186 |
| 2022 | +9.3% | 204 |
| 2023 | +6.0% | 216 |
| 2024 | +0.3% | 217 |
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 784 business establishments in ZIP 55431, employing approximately 19,272 people with a combined annual payroll of $1,570,394,000.
784
Businesses
19,272
Employees
$1.6B
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 121 | 15.4% |
| Professional, scientific, and technical services | 94 | 12.0% |
| Finance and insurance | 83 | 10.6% |
| Other services (except public administration) | 66 | 8.4% |
| Retail trade | 65 | 8.3% |
| Wholesale trade | 61 | 7.8% |
| Administrative and support and waste management and remediation services | 60 | 7.7% |
| Accommodation and food services | 51 | 6.5% |
| Construction | 43 | 5.5% |
| Real estate and rental and leasing | 42 | 5.4% |
| Information | 26 | 3.3% |
| Manufacturing | 24 | 3.1% |
| Transportation and warehousing | 15 | 1.9% |
| Educational services | 13 | 1.7% |
| Arts, entertainment, and recreation | 13 | 1.7% |
| Management of companies and enterprises | 7 | 0.9% |
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 55431 vs 55437 →
ZIP 55431 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 55337
Burnsville (55337)
44,356 residents
- 55423
Minneapolis (55423)
35,375 residents
- 55419
Minneapolis (55419)
26,406 residents
- 55420
Minneapolis (55420)
21,767 residents
- 55410
Minneapolis (55410)
19,340 residents
- 55431
Minneapolis (55431)
18,435 residents
- 55437 17,484
Minneapolis (55437)
17,484 residents
- 55438 16,249
Minneapolis (55438)
16,249 residents
- 55435 11,592
Minneapolis (55435)
11,592 residents
What this shows Among its immediate neighbors, ZIP 55431 ranks #6 by population - useful context the national average alone can't give.
ZIP 55431 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
- 55419
Minneapolis (55419)
$148,350 median income
- 55410
Minneapolis (55410)
$146,425 median income
- 55438
Minneapolis (55438)
$106,432 median income
- 55431
Minneapolis (55431)
$101,484 median income
- 55437 $95,718
Minneapolis (55437)
$95,718 median income
- 55423 $85,182
Minneapolis (55423)
$85,182 median income
- 55337 $84,110
Burnsville (55337)
$84,110 median income
- 55420 $82,170
Minneapolis (55420)
$82,170 median income
What this shows By household income, ZIP 55431 ranks #5 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 55437 | Minneapolis, MN | 17,484 | 1.6 mi |
| 55420 | Minneapolis, MN | 21,767 | 1.8 mi |
| 55438 | Minneapolis, MN | 16,249 | 3.2 mi |
| 55435 | Minneapolis, MN | 11,592 | 3.5 mi |
| 55423 | Minneapolis, MN | 35,375 | 3.8 mi |
| 55337 | Burnsville, MN | 44,356 | 3.9 mi |
| 55425 | Minneapolis, MN | 8,952 | 3.9 mi |
| 55410 | Minneapolis, MN | 19,340 | 5.9 mi |
| 55419 | Minneapolis, MN | 26,406 | 5.7 mi |
| 55424 | Minneapolis, MN | 9,685 | 5.6 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 55431, 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 (18,435 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 55431 in?
ZIP code 55431 (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 55431?
ZIP code 55431 in Minneapolis, MN has a population of 18,435 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55431?
The median household income in ZIP 55431 is $101,484, which is 33% above the national average of $76,288.
What is the average home value in ZIP 55431?
The median home value in ZIP 55431 is $373,500, which is 34% above the national average of $278,155.
What is the demographic makeup of ZIP 55431?
The largest racial group in ZIP 55431 is White at 73.8%. Hispanic or Latino residents make up 6.9% of the population.
How many businesses are in ZIP code 55431?
ZIP code 55431 has 784 business establishments employing approximately 19,272 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55431?
The top industries by establishment count in ZIP 55431 are: Health care and social assistance (121), Professional, scientific, and technical services (94), Finance and insurance (83). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55431?
According to the FHFA House Price Index, home values in ZIP 55431 increased by 0.3% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 117%. 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 55431?
In ZIP code 55431, 64.5% of residents aged 25+ have a high school diploma or higher, and 49.1% 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 55431?
The mean commute time for workers in ZIP code 55431 is 19.0 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 55431?
In ZIP code 55431, approximately 67.4% of occupied housing units are owner-occupied and 32.6% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55431?
The poverty rate in ZIP code 55431 is 4.8% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
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What to do with ZIP 55431's numbers, next.
- See how ZIP 55431 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
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ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.