Population 36,234 · Census ACS 2020–24
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Population and households in ZIP 55406
Household size in ZIP 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.08 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.23 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.15 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.17 | 2.58 | 2.52 | 2.65 |
| Change | +0.09 | −0.00 | +0.00 | −0.03 |
Households in ZIP 55406 are small: just 2.17 people on average, compared with 2.65 nationally. That is typical of places where many people live alone or as couples, and fewer have children at home. Since 2006–10, household size has crept up from 2.08, even as the national average fell.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.8 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 39.2 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 40.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 40.7 | 39.2 | 40.0 | 40.1 |
| Change | +0.9 | +2.5 | +2.1 | +2.3 |
At 40.7, the median age in ZIP 55406 is close to the national median of 40.1, so its age mix looks much like the country's. Since 2006–10, the median age has crept up from 39.8, as it has nationally. The youngest areas are in the west, the oldest in the southeast.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.6% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 10.4% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 8.7% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 7.8% | 9.8% | 9.6% | 11.6% |
| Change | −1.8 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 55406: 7.8% of households, against 11.6% nationally. Since 2006–10, the single-parent share has fallen 1.8 points, as it has 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 55406
Renters in ZIP 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 31.3% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 32.4% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 35.3% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 34.2% | 29.3% | 27.8% | 34.8% |
| Change | +2.9 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Renting in ZIP 55406 is about as common as it is nationally: 34.2% of households rent, against 34.8%. Renters make up a bigger share here than in the Minneapolis area overall (29.3%). Among homeowners, 34.2% have no mortgage at all, below the national share of 39.8%. The renter share has risen 2.9 points since 2006–10, as it has nationally.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.3% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 7.1% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 4.9% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 7.1% | 5.7% | 8.3% | 9.6% |
| Change | −0.1 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Vacancy is on the low side in ZIP 55406: 7.1% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. That is in line with the rest of the Minneapolis area.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1943 | 1975 | 1973 | 1974 |
| 2010–14 | 1943 | 1976 | 1974 | 1975 |
| 2015–19 | 1945 | 1977 | 1975 | 1977 |
| 2020–24 | 1945 | 1980 | 1978 | 1980 |
| Change | +3 | +4 | +5 | +6 |
ZIP 55406 is a place of older homes: half were built before 1945, while the national median is 1980. That means established neighborhoods, and more houses that may need updating. Newer construction is concentrated in the northwest, while the northeast has the oldest housing. Only nine of the 257 Minnesota ZIP codes with 5,000+ people have older homes.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $885 | $1,007 | $882 | $965 |
| 2010–14 | $973 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,116 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,397 | $1,603 | $1,404 | $1,571 |
| Change | +$513 | +$597 | +$522 | +$606 |
The median renter in ZIP 55406 pays $1,397 a month for rent and utilities, below the national median of $1,571. Rent has climbed $513 a month since 2006–10, up 58%, a slower climb than the nation's. Rent takes 28.8% of the typical renter's income, just under the 30% mark often used to define affordable rent. The priciest rents are in the southwest; the most affordable are 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 55406
Bachelor's degrees in ZIP 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 43.0% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 49.0% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 52.5% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 56.2% | 45.4% | 39.6% | 35.6% |
| Change | +13.2 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55406 is highly educated: nearly six in ten adults 25 and older (56.2%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree has risen 13.2 points since 2006–10, as it has nationally. College graduates are most concentrated in the northeast and least in the northwest.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 89.4% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 92.0% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 91.6% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 92.3% | 94.0% | 93.7% | 89.3% |
| Change | +2.9 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion in ZIP 55406 is a bit above the national rate: 92.3% of adults have a diploma or equivalent, against 89.3%. Still, the rate is lower than in the Minneapolis area as a whole (94.0%). The share with a diploma has risen 2.9 points since 2006–10, as it has nationally.
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 55406
| Period | ZIP 55406 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.1% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 6.7% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 4.0% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 6.0% | 4.0% | 4.1% | 5.4% |
| Change | −1.1 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55406 is close to the national rate: 6.0% of the labor force, against 5.4%. The rate is higher than in the Minneapolis area as a whole (4.0%). Because the Census pools five years of responses (2020–24), these rates smooth over short swings and lag the current 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 55406 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 55406 | 2.17 | 40.7 | 7.8% | 34.2% | 7.1% | 1945 | $1,397 | 56.2% | 92.3% | 6.0% |
| ZIP 55407 | 2.66 | 34.2 | 14.0% | 41.1% | 8.6% | 1945 | $1,488 | 48.3% | 84.1% | 6.2% |
| ZIP 55114 | 1.82 | 30.9 | 5.1% | 79.6% | 10.1% | 1999 | $1,586 | 60.8% | 94.3% | 1.0% |
| ZIP 55455 | 2.08 | 19.3 | 7.9% | 96.5% | 6.7% | 1997 | $1,467 | 45.7% | 90.5% | 13.2% |
| ZIP 55454 | 2.09 | 28.3 | 26.7% | 92.1% | 4.4% | 1972 | $846 | 24.7% | 71.0% | 8.5% |
| ZIP 55417 | 2.27 | 41.0 | 8.3% | 16.0% | 7.4% | 1947 | $1,630 | 64.8% | 95.4% | 3.5% |
| ZIP 55404 | 2.19 | 32.2 | 13.0% | 81.0% | 12.4% | 1968 | $1,083 | 36.5% | 80.6% | 10.4% |
| ZIP 55105 | 2.23 | 37.6 | 4.4% | 33.8% | 6.1% | 1940 | $1,369 | 77.3% | 98.3% | 3.0% |
| ZIP 55414 | 2.36 | 24.9 | 5.3% | 83.6% | 13.1% | 1986 | $1,497 | 65.0% | 91.9% | 7.3% |
| ZIP 55409 | 2.16 | 37.8 | 10.9% | 36.3% | 7.2% | 1938 | $1,444 | 64.2% | 94.2% | 3.7% |
| ZIP 55116 | 2.06 | 42.7 | 8.1% | 50.6% | 5.0% | 1960 | $1,482 | 61.6% | 95.8% | 3.9% |
All figures 2020–24.
Zip codes with similar populations: 85040, AZ · 92595, CA · 72703, AR · 60046, IL · 77092, TX · 77536, TX · 47802, IN · 80027, CO · 80516, CO · 72032, AR
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 55406. 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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