Population 38,468 · Census ACS 2020–24
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Population and households in ZIP 55407
Household size in ZIP 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.60 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.74 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.78 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.66 | 2.58 | 2.52 | 2.65 |
| Change | +0.06 | −0.00 | +0.00 | −0.03 |
Households in ZIP 55407 average 2.66 people, about the same as the country as a whole (2.65). The typical household here is bigger than in the Minneapolis area overall, where it has 2.58 people. Household size has crept up from 2.60 in 2006–10, 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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 31.6 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 32.2 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 33.1 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 34.2 | 39.2 | 40.0 | 40.1 |
| Change | +2.6 | +2.5 | +2.1 | +2.3 |
ZIP 55407 is young: half of its residents are under 34.2, compared with a national median of 40.1. The population tilts toward young adults and children. Since 2006–10, the median age has climbed from 31.6, in line with the national trend. Only 23 of the 257 Minnesota ZIP codes with 5,000+ people are younger.
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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 18.3% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 16.4% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 14.2% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 14.0% | 9.8% | 9.6% | 11.6% |
| Change | −4.3 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are more common in ZIP 55407 than nationally: 14.0%, against 11.6%. Since 2006–10, the single-parent share has fallen 4.3 points, a much bigger shift than nationally. Of the 257 Minnesota ZIP codes with 5,000+ people, only 23 have a higher share of single-parent households.
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 55407
Renters in ZIP 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 42.1% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 44.4% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 42.6% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 41.1% | 29.3% | 27.8% | 34.8% |
| Change | −1.0 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Renting is a bit more common in ZIP 55407 than nationally: 41.1% of households rent their homes, against 34.8% for the U.S. More than a quarter of owners (27.0%) have paid off their mortgages, well below the national share of 39.8%. Renting is most common in the northwest and least common in the southwest. The renter share is down 1.0 points from 2006–10, even as the national share rose.
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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 12.5% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 7.8% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 5.3% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 8.6% | 5.7% | 8.3% | 9.6% |
| Change | −3.9 pts | −1.3 pts | −0.9 pts | −1.8 pts |
About as many homes sit empty in ZIP 55407 as nationally: 8.6%, against 9.6%. The rate is higher than in the wider Minneapolis area (5.7%). Since 2006–10, vacancy has fallen 3.9 points, in line with the national trend.
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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1943 | 1975 | 1973 | 1974 |
| 2010–14 | 1941 | 1976 | 1974 | 1975 |
| 2015–19 | 1943 | 1977 | 1975 | 1977 |
| 2020–24 | 1945 | 1980 | 1978 | 1980 |
| Change | +1 | +4 | +5 | +6 |
The housing in ZIP 55407 is old by national standards: the median home dates to 1945, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. Of the 257 Minnesota ZIP codes with 5,000+ people, only five 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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $837 | $1,007 | $882 | $965 |
| 2010–14 | $952 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,097 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,488 | $1,603 | $1,404 | $1,571 |
| Change | +$651 | +$597 | +$522 | +$606 |
The median renter in ZIP 55407 pays $1,488 a month for rent and utilities, below the national median of $1,571. Rents are up $651 a month from 2006–10, a 78% jump, faster than rents rose nationally. Rent takes 32.1% of the typical renter's income, just over the 30% mark often used to define affordable rent. The priciest rents are in the southwest; the most affordable are in the north.
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 55407
Bachelor's degrees in ZIP 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 32.9% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 37.7% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 40.9% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 48.3% | 45.4% | 39.6% | 35.6% |
| Change | +15.4 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55407 is highly educated: nearly half of adults 25 and older (48.3%) 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 15.4 points, mirroring the country. College graduates are most concentrated in the south and least in the north.
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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 80.9% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 82.0% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 83.1% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 84.1% | 94.0% | 93.7% | 89.3% |
| Change | +3.2 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Nearly one in six adults in ZIP 55407 never finished high school, well above the national share: only 84.1% have a diploma or equivalent, against 89.3% nationally. Since 2006–10, the share with a diploma has risen 3.2 points, mirroring the country. Of the 257 Minnesota ZIP codes with 5,000+ people, only eight have a lower 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 55407
| Period | ZIP 55407 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.5% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 10.3% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 5.3% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 6.2% | 4.0% | 4.1% | 5.4% |
| Change | −3.3 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Jobs have been a little harder to find in ZIP 55407 than nationally: unemployment was 6.2%, against 5.4%. Of the 257 Minnesota ZIP codes with 5,000+ people, only 23 have higher unemployment. Since 2006–10, unemployment has fallen 3.3 points, as it has nationally.
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 55407 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 55407 | 2.66 | 34.2 | 14.0% | 41.1% | 8.6% | 1945 | $1,488 | 48.3% | 84.1% | 6.2% |
| ZIP 55409 | 2.16 | 37.8 | 10.9% | 36.3% | 7.2% | 1938 | $1,444 | 64.2% | 94.2% | 3.7% |
| ZIP 55406 | 2.17 | 40.7 | 7.8% | 34.2% | 7.1% | 1945 | $1,397 | 56.2% | 92.3% | 6.0% |
| ZIP 55404 | 2.19 | 32.2 | 13.0% | 81.0% | 12.4% | 1968 | $1,083 | 36.5% | 80.6% | 10.4% |
| ZIP 55408 | 1.93 | 31.2 | 7.3% | 76.6% | 6.9% | 1961 | $1,374 | 54.4% | 90.7% | 8.2% |
| ZIP 55454 | 2.09 | 28.3 | 26.7% | 92.1% | 4.4% | 1972 | $846 | 24.7% | 71.0% | 8.5% |
| ZIP 55403 | 1.48 | 38.3 | 5.1% | 76.3% | 13.0% | 1962 | $1,330 | 55.4% | 94.2% | 6.8% |
| ZIP 55417 | 2.27 | 41.0 | 8.3% | 16.0% | 7.4% | 1947 | $1,630 | 64.8% | 95.4% | 3.5% |
| ZIP 55455 | 2.08 | 19.3 | 7.9% | 96.5% | 6.7% | 1997 | $1,467 | 45.7% | 90.5% | 13.2% |
| ZIP 55415 | 1.60 | 41.5 | 2.1% | 66.4% | 12.7% | 2009 | $2,185 | 69.2% | 95.1% | 3.8% |
| ZIP 55402 | 1.45 | 31.1 | 5.8% | 81.3% | 8.4% | 2004 | $1,822 | 65.7% | 99.2% | 1.0% |
All figures 2020–24.
Zip codes with similar populations: 11249, NY · 10454, NY · 63701, MO · 48105, MI · 48224, MI · 53703, WI · 54313, WI · 55110, MN · 60107, IL · 60110, IL
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 55407. 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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