Population 26,558 · Census ACS 2020–24
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Population and households in ZIP 55123
Household size in ZIP 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.85 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.79 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.74 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.70 | 2.58 | 2.52 | 2.65 |
| Change | −0.15 | −0.00 | +0.00 | −0.03 |
At 2.70 people per household, ZIP 55123 sits close to the national average of 2.65. The typical household here is bigger than in the Minneapolis area as a whole, where it has 2.58 people. Since 2006–10, household size has dropped from 2.85, a much bigger shift than nationally.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 36.3 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 38.6 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 40.0 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 41.9 | 39.2 | 40.0 | 40.1 |
| Change | +5.6 | +2.5 | +2.1 | +2.3 |
ZIP 55123 skews a little older than the country: its median age is 41.9, against 40.1 nationally. The median age has climbed from 36.3 in 2006–10, as it has nationally.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.3% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 8.1% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 7.2% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 9.4% | 9.8% | 9.6% | 11.6% |
| Change | +2.1 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single parents head about one in ten households in ZIP 55123 (9.4%), below the national share of 11.6%. The picture is much the same across the Minneapolis area. The single-parent share has risen 2.1 points since 2006–10, even as the national share fell.
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 55123
Renters in ZIP 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 19.0% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 21.6% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 21.8% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 22.1% | 29.3% | 27.8% | 34.8% |
| Change | +3.1 pts | +2.0 pts | +2.0 pts | +1.5 pts |
ZIP 55123 is largely a place of homeowners: only 22.1% of households rent, far below the national share of 34.8%. Owner-heavy areas like this tend to see less turnover. Among homeowners, 31.1% have no mortgage at all, below the national share of 39.8%. The renter share is up 3.1 points from 2006–10, mirroring the country.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.2% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 3.1% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 2.9% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 1.6% | 5.7% | 8.3% | 9.6% |
| Change | −1.7 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Only 1.6% of homes in ZIP 55123 are vacant, far below the national rate of 9.6%, which usually means strong demand for housing. Vacancy has fallen 1.7 points since 2006–10, as it has nationally. Of the 257 Minnesota ZIP codes with 5,000+ people, only two have a lower vacancy rate.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1987 | 1975 | 1973 | 1974 |
| 2010–14 | 1988 | 1976 | 1974 | 1975 |
| 2015–19 | 1988 | 1977 | 1975 | 1977 |
| 2020–24 | 1990 | 1980 | 1978 | 1980 |
| Change | +3 | +4 | +5 | +6 |
ZIP 55123 has newer housing than the country as a whole: the median home was built in 1990, versus 1980 nationally. Newer construction is concentrated in the southeast, while the west has the oldest housing.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $980 | $1,007 | $882 | $965 |
| 2010–14 | $1,279 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,520 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,654 | $1,603 | $1,404 | $1,571 |
| Change | +$673 | +$597 | +$522 | +$606 |
The median renter in ZIP 55123 pays $1,654 a month for rent and utilities, above the national median of $1,571. Rent has climbed $673 a month since 2006–10, up 69%, faster than rents rose nationally. The typical renter here spends 26.7% of household income on rent, comfortably under the 30% mark often used to define affordable rent, and a smaller share than renters pay nationally. Rents run highest in the northwest and lowest in the center.
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 55123
Bachelor's degrees in ZIP 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 56.8% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 56.9% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 61.6% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 66.0% | 45.4% | 39.6% | 35.6% |
| Change | +9.1 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55123 is highly educated: about two-thirds of adults 25 and older (66.0%) hold at least a bachelor's degree, far above the national share of 35.6%. Since 2006–10, the share with a degree has risen 9.1 points, mirroring the country. Only 17 of the 257 Minnesota ZIP codes with 5,000+ people have a higher share of college graduates.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.7% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 97.0% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 98.5% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 97.9% | 94.0% | 93.7% | 89.3% |
| Change | +0.2 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in ZIP 55123: 97.9% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Only 25 of the 257 Minnesota ZIP codes with 5,000+ people have a higher share of high school graduates.
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 55123
| Period | ZIP 55123 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.4% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 5.1% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.1% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 1.6% | 4.0% | 4.1% | 5.4% |
| Change | −3.8 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55123 has been low: just 1.6% of the labor force was out of work and looking, well below the national rate of 5.4%. Only 20 of the 257 Minnesota ZIP codes with 5,000+ people have lower unemployment. Unemployment is down 3.8 points from 2006–10, in line with the national trend.
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 55123 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 55123 | 2.70 | 41.9 | 9.4% | 22.1% | 1.6% | 1990 | $1,654 | 66.0% | 97.9% | 1.6% |
| ZIP 55121 | 2.26 | 36.1 | 6.4% | 59.7% | 5.9% | 1992 | $1,790 | 43.1% | 96.1% | 2.4% |
| ZIP 55122 | 2.34 | 40.7 | 8.9% | 31.2% | 2.8% | 1987 | $1,704 | 49.3% | 95.5% | 5.5% |
| ZIP 55077 | 2.67 | 40.5 | 12.8% | 38.9% | 1.7% | 1996 | $1,703 | 51.0% | 96.7% | 4.3% |
| ZIP 55120 | 2.40 | 43.4 | 10.3% | 38.7% | 1.0% | 1988 | $1,697 | 59.5% | 95.9% | 0.7% |
| ZIP 55068 | 2.82 | 39.4 | 9.5% | 13.0% | 3.5% | 1995 | $1,664 | 48.6% | 97.0% | 3.0% |
| ZIP 55076 | 2.29 | 44.3 | 10.8% | 13.6% | 4.9% | 1985 | $1,357 | 39.8% | 95.4% | 3.5% |
| ZIP 55150 | 2.00 | 64.8 | 1.6% | 24.4% | 10.0% | 1980 | $2,183 | 59.9% | 98.9% | 3.5% |
| ZIP 55124 | 2.68 | 39.6 | 11.9% | 26.4% | 3.0% | 1990 | $1,731 | 45.8% | 93.5% | 3.2% |
| ZIP 55425 | 2.58 | 34.9 | 14.5% | 64.9% | 7.0% | 1978 | $1,508 | 31.6% | 87.4% | 8.0% |
| ZIP 55111 | 1.27 | 57.0 | 7.9% | 100.0% | 9.4% | 1986 | $858 | 28.3% | 80.6% | 9.0% |
All figures 2020–24.
Zip codes with similar populations: 06109, CT · 76208, TX · 78332, TX · 78621, TX · 49006, MI · 91741, CA · 92532, CA · 44515, OH · 40503, KY · 34747, FL
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 55123. 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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