Minneapolis, MN · standard

ZIP Code 55447

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

21,187
927/sq mi
$133,555
Median income
$471,000
Median home value
61.8%
Bachelor's or higher

The verdict

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

Top 6%
household income, US ZIPs
Top 15%
home value, US ZIPs
927
people per sq mi
77%
owner-occupied homes

Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 55447 against every reporting US ZIP.

ZIP code 55447 is classified by USPS as a standard delivery area and covers roughly 22.8 square miles in Minneapolis, Hennepin County, Minnesota. The area is home to 21,187 residents, producing a population density of 927 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 55447 against Minnesota and the nation.

On the economic side, the median household income for ZIP 55447 sits at $133,555 (63% above the Minnesota average), while per-capita income is $67,240. The poverty rate stands at 4.5% and the unemployment rate at 2.3%. On housing, the median home value is $471,000 (84% above the state average) with median rent at $1,711 per month, and 77.0% of occupied units are owner-occupied, a direct signal of whether 55447 behaves more like a homeowner neighborhood or a renter-heavy ZIP.

Education and household profile round out the picture: 61.8% of adults hold a bachelor's degree or higher, the median age is 40.8, and the average commute is 21 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Hennepin County, so you can benchmark 55447 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 55447

Top 5 sectors by establishment count

Which industries have the most business establishments in ZIP 55447.

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 55447, 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

21,187

Population

22.8

Area (sq mi)

927

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 55447?

40.8

Median Age

47.2%

Male

52.8%

Female

8.7%

Foreign-Born

White 83.3%
African American 3.6%
Asian 3.8%
American Indian or Alaska Native 0.1%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 7.6%
Hispanic or Latino 3.7%

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?

$133,555

Median Household Income

+63% vs state

$67,240

Per Capita Income

4.5%

Poverty Rate

2.3%

Unemployment Rate

20.8 min

Mean Commute Time

How ZIP 55447 ranks nationally

Household income vs. every US ZIP code

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

$133,555 Top 6% higher than 94% 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%). This entry sits in this band. $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 72.9%
Bachelor's Degree or Higher 61.8%

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

What does housing look like?

8,809

Total Housing Units

8,485

Occupied Units

324

Vacant Units

2.44

Avg Household Size

Occupancy Type

Owner 77.0%
Renter 23.0%

$471,000

Median Home Value

+84% vs state

$1,711

Median Rent

1978

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

+2.9%

YoY Change (2024)

227

HPI Index (2000 = 100)

+127%

Total Change Since 2000

Home values in ZIP 55447 have increased 2.9% over the past year (2024). Since 2000, this ZIP has seen +127% cumulative appreciation.

Year Annual Change HPI Index
2020 +1.7% 172
2021 +8.9% 187
2022 +14.4% 214
2023 +3.1% 221
2024 +2.9% 227

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 883 business establishments in ZIP 55447, employing approximately 18,615 people with a combined annual payroll of $1,642,841,000.

883

Businesses

18,615

Employees

$1.6B

Annual Payroll

16

Industry Sectors

Industry Establishments % of Total
Professional, scientific, and technical services 150 17.0%
Health care and social assistance 103 11.7%
Finance and insurance 90 10.2%
Wholesale trade 77 8.7%
Manufacturing 75 8.5%
Construction 73 8.3%
Accommodation and food services 57 6.5%
Other services (except public administration) 54 6.1%
Retail trade 53 6.0%
Administrative and support and waste management and remediation services 49 5.5%
Real estate and rental and leasing 37 4.2%
Educational services 20 2.3%
Information 14 1.6%
Transportation and warehousing 12 1.4%
Arts, entertainment, and recreation 11 1.3%
Management of companies and enterprises 8 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 55447 vs 55446 →

ZIP 55447 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 55447 ranks #3 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 55447 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 55447 ranks #7 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
55446 Minneapolis, MN 18,695 3.0 mi
55441 Minneapolis, MN 17,848 3.0 mi
55345 Minnetonka, MN 21,147 5.9 mi
55391 Wayzata, MN 14,486 3.9 mi
55305 Hopkins, MN 19,368 4.2 mi
55356 Long Lake, MN 5,311 4.9 mi
55311 Maple Grove, MN 32,788 7.2 mi
55442 Minneapolis, MN 13,217 4.5 mi
55427 Minneapolis, MN 22,919 5.3 mi
55346 Eden Prairie, MN 16,776 8.5 mi

More ZIP Codes in Hennepin County

Frequently Asked Questions

What county is ZIP code 55447 in?
ZIP code 55447 (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 55447?
ZIP code 55447 in Minneapolis, MN has a population of 21,187 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 55447?
The median household income in ZIP 55447 is $133,555, which is 75% above the national average of $76,288.
What is the average home value in ZIP 55447?
The median home value in ZIP 55447 is $471,000, which is 69% above the national average of $278,155.
What is the demographic makeup of ZIP 55447?
The largest racial group in ZIP 55447 is White at 83.3%. Hispanic or Latino residents make up 3.7% of the population.
How many businesses are in ZIP code 55447?
ZIP code 55447 has 883 business establishments employing approximately 18,615 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 55447?
The top industries by establishment count in ZIP 55447 are: Professional, scientific, and technical services (150), Health care and social assistance (103), Finance and insurance (90). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 55447?
According to the FHFA House Price Index, home values in ZIP 55447 increased by 2.9% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 127%. 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 55447?
In ZIP code 55447, 72.9% of residents aged 25+ have a high school diploma or higher, and 61.8% 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 55447?
The mean commute time for workers in ZIP code 55447 is 20.8 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 55447?
In ZIP code 55447, approximately 77.0% of occupied housing units are owner-occupied and 23.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 55447?
The poverty rate in ZIP code 55447 is 4.5% 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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