Population 2,947 · Census ACS 2020–24
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Population and households in ZIP 55001
Household size in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.72 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.56 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.72 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.53 | 2.58 | 2.52 | 2.65 |
| Change | −0.19 | −0.00 | +0.00 | −0.03 |
The average household in ZIP 55001 has 2.53 people, a bit under the U.S. average of 2.65. The Minneapolis area as a whole looks much the same. Household size has dropped from 2.72 in 2006–10, but in a place this small, survey estimates can swing a lot from one release to the next.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 48.2 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 51.1 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 48.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 51.1 | 39.2 | 40.0 | 40.1 |
| Change | +2.9 | +2.5 | +2.1 | +2.3 |
ZIP 55001 skews older: half of its residents are older than 51.1, well above the national median of 40.1. That usually means more empty nesters and retirees, and fewer young families.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.2% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 4.2% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 1.9% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 2.2% | 9.8% | 9.6% | 11.6% |
| Change | −1.9 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 55001: 2.2% of households, against 11.6% nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in ZIP 55001
Renters in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.4% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 6.9% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 5.7% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 1.6% | 29.3% | 27.8% | 34.8% |
| Change | −5.7 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Only 1.6% of households in ZIP 55001 rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. Among homeowners, 45.4% have no mortgage at all, above the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.5% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 3.9% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 8.0% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 4.0% | 5.7% | 8.3% | 9.6% |
| Change | −0.5 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 4.0% of homes in ZIP 55001 are vacant, far below the national rate of 9.6%, which usually means strong demand for housing.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1975 | 1975 | 1973 | 1974 |
| 2010–14 | 1972 | 1976 | 1974 | 1975 |
| 2015–19 | 1977 | 1977 | 1975 | 1977 |
| 2020–24 | 1979 | 1980 | 1978 | 1980 |
| Change | +4 | +4 | +5 | +6 |
The typical home in ZIP 55001 was built around 1979, about the same vintage as the country's housing overall (1980).
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,670 | $1,007 | $882 | $965 |
| 2010–14 | $1,446 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,250 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $2,125 | $1,603 | $1,404 | $1,571 |
| Change | +$455 | +$597 | +$522 | +$606 |
The median renter in ZIP 55001 pays $2,125 a month for rent and utilities, well above the national median of $1,571. The typical renter here spends 42.1% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in ZIP 55001
Bachelor's degrees in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 47.7% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 53.2% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 55.6% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 58.8% | 45.4% | 39.6% | 35.6% |
| Change | +11.1 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55001 is highly educated: about six in ten adults 25 and older (58.8%) hold at least a bachelor's degree, far above the national share of 35.6%.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 96.1% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 96.6% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 96.9% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 99.4% | 94.0% | 93.7% | 89.3% |
| Change | +3.3 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in ZIP 55001: 99.4% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in ZIP 55001
| Period | ZIP 55001 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.2% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 5.5% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 2.2% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 3.3% | 4.0% | 4.1% | 5.4% |
| Change | +0.1 pts | −2.7 pts | −2.4 pts | −2.7 pts |
The job market in ZIP 55001 has been strong: just 3.3% of the labor force was out of work and looking, well below the national rate of 5.4%. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
ZIP 55001 compared with nearby ZIP codes
| ZIP code | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| ZIP 55001 | 2.53 | 51.1 | 2.2% | 1.6% | 4.0% | 1979 | $2,125 | 58.8% | 99.4% | 3.3% |
| ZIP 55043 | 2.30 | 53.2 | 4.9% | 8.8% | 4.9% | 1973 | $1,503 | 47.6% | 97.5% | 3.5% |
| ZIP 55129 | 2.98 | 37.8 | 5.8% | 21.1% | 4.2% | 2009 | $2,151 | 67.0% | 96.7% | 1.6% |
| ZIP 55125 | 2.56 | 40.4 | 8.3% | 23.2% | 2.8% | 1991 | $1,931 | 56.6% | 97.2% | 4.7% |
| ZIP 54016 | 2.49 | 42.8 | 7.6% | 20.4% | 4.7% | 1991 | $1,538 | 50.2% | 97.2% | 3.0% |
| ZIP 55042 | 2.85 | 41.5 | 4.5% | 5.6% | 3.8% | 2000 | $3,068 | 64.3% | 98.5% | 1.8% |
| ZIP 55016 | 2.86 | 37.6 | 11.3% | 12.1% | 1.2% | 1990 | $1,880 | 40.8% | 95.1% | 4.0% |
| ZIP 55003 | 2.32 | 42.4 | 6.6% | 8.4% | 2.3% | 1960 | $1,722 | 39.0% | 86.7% | 1.7% |
| ZIP 55128 | 2.48 | 40.9 | 11.7% | 22.0% | 4.4% | 1983 | $1,526 | 34.1% | 93.4% | 2.9% |
| ZIP 55055 | 2.19 | 37.8 | 5.2% | 33.0% | 3.5% | 1973 | $1,167 | 27.4% | 90.9% | 4.4% |
| ZIP 55071 | 2.36 | 41.1 | 11.6% | 20.5% | 4.4% | 1981 | $2,184 | 28.7% | 92.6% | 1.7% |
All figures 2020–24.
Zip codes with similar populations: 40516, KY · 08804, NJ · 95663, CA · 85708, AZ · 72662, AR · 71957, AR · 64644, MO · 58540, ND · 52328, IA · 52052, IA
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up ZIP 55001. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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