Population 31,694 · Census ACS 2020–24
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Population and households in ZIP 55408
Household size in ZIP 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.06 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.15 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.15 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 1.93 | 2.58 | 2.52 | 2.65 |
| Change | −0.13 | −0.00 | +0.00 | −0.03 |
Households in ZIP 55408 are small: just 1.93 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 dropped from 2.06, a much bigger shift than nationally. Only nine of the 257 Minnesota ZIP codes with 5,000+ people have smaller households.
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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 30.3 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 30.6 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 31.6 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 31.2 | 39.2 | 40.0 | 40.1 |
| Change | +0.9 | +2.5 | +2.1 | +2.3 |
ZIP 55408 is young: half of its residents are under 31.2, compared with a national median of 40.1. The population tilts toward young adults, many of them living alone or as couples. The median age has climbed from 30.3 in 2006–10, mirroring the country. Of the 257 Minnesota ZIP codes with 5,000+ people, only eight 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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 12.9% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 9.8% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 9.3% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 7.3% | 9.8% | 9.6% | 11.6% |
| Change | −5.6 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single-parent households are relatively rare in ZIP 55408: 7.3% of households, against 11.6% nationally. The single-parent share is down 5.6 points from 2006–10, a much bigger shift than 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 55408
Renters in ZIP 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 72.4% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 75.7% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 74.4% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 76.6% | 29.3% | 27.8% | 34.8% |
| Change | +4.2 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Most households in ZIP 55408 rent: 76.6% of occupied homes are rented, far above the national share of 34.8%. Expect more apartments, and more turnover, than in owner-heavy areas. Among homeowners, 27.1% have no mortgage at all, well below the national share of 39.8%. The renter share has risen 4.2 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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 9.2% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 7.9% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 8.9% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 6.9% | 5.7% | 8.3% | 9.6% |
| Change | −2.3 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Fewer homes sit empty in ZIP 55408 than nationally: 6.9%, against 9.6% for the U.S. The picture is much the same across the Minneapolis area. Since 2006–10, vacancy has fallen 2.3 points, mirroring the country.
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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1951 | 1975 | 1973 | 1974 |
| 2010–14 | 1952 | 1976 | 1974 | 1975 |
| 2015–19 | 1955 | 1977 | 1975 | 1977 |
| 2020–24 | 1961 | 1980 | 1978 | 1980 |
| Change | +11 | +4 | +5 | +6 |
The housing in ZIP 55408 is old by national standards: the median home dates to 1961, against 1980 for the U.S., so buyers will find more older houses, some of them due for updates. The median year built has moved up from 1951 in 2006–10, a sign of steady new building. The newest homes are mostly in the north, the oldest in the southeast.
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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $775 | $1,007 | $882 | $965 |
| 2010–14 | $884 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,127 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,374 | $1,603 | $1,404 | $1,571 |
| Change | +$599 | +$597 | +$522 | +$606 |
A typical rental in ZIP 55408 costs $1,374 a month with utilities, below the national median of $1,571. Rent has climbed $599 a month since 2006–10, up 77%, faster than rents rose nationally. Rent takes 29.3% of the typical renter's income, just under the 30% mark often used to define affordable rent. Rents run highest in the west and lowest in the east.
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 55408
Bachelor's degrees in ZIP 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 43.9% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 47.4% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 52.6% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 54.4% | 45.4% | 39.6% | 35.6% |
| Change | +10.5 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55408 is highly educated: more than half of adults 25 and older (54.4%) hold at least a bachelor's degree, far above the national share of 35.6%. The share with a degree is up 10.5 points from 2006–10, mirroring the country. College graduates are most concentrated in the south and least in the northeast.
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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 85.6% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 85.4% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 87.1% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 90.7% | 94.0% | 93.7% | 89.3% |
| Change | +5.2 pts | +1.6 pts | +2.3 pts | +4.3 pts |
High school completion in ZIP 55408 is close to the national rate: 90.7% of adults have a diploma or equivalent, against 89.3%. The rate is lower than in the Minneapolis area as a whole (94.0%). The share with a diploma has risen 5.2 points since 2006–10, mirroring the country.
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 55408
| Period | ZIP 55408 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.0% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 6.9% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 3.8% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 8.2% | 4.0% | 4.1% | 5.4% |
| Change | +1.1 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55408 runs well above the national rate: 8.2% of the labor force was out of work and looking, against 5.4%. Of the 257 Minnesota ZIP codes with 5,000+ people, only seven have higher unemployment. Since 2006–10, unemployment has edged up 1.1 points, even as the national rate fell.
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 55408 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 55408 | 1.93 | 31.2 | 7.3% | 76.6% | 6.9% | 1961 | $1,374 | 54.4% | 90.7% | 8.2% |
| ZIP 55409 | 2.16 | 37.8 | 10.9% | 36.3% | 7.2% | 1938 | $1,444 | 64.2% | 94.2% | 3.7% |
| ZIP 55403 | 1.48 | 38.3 | 5.1% | 76.3% | 13.0% | 1962 | $1,330 | 55.4% | 94.2% | 6.8% |
| ZIP 55405 | 2.14 | 33.3 | 9.3% | 63.8% | 10.0% | 1947 | $1,341 | 57.3% | 94.7% | 6.9% |
| ZIP 55404 | 2.19 | 32.2 | 13.0% | 81.0% | 12.4% | 1968 | $1,083 | 36.5% | 80.6% | 10.4% |
| ZIP 55407 | 2.66 | 34.2 | 14.0% | 41.1% | 8.6% | 1945 | $1,488 | 48.3% | 84.1% | 6.2% |
| ZIP 55402 | 1.45 | 31.1 | 5.8% | 81.3% | 8.4% | 2004 | $1,822 | 65.7% | 99.2% | 1.0% |
| ZIP 55415 | 1.60 | 41.5 | 2.1% | 66.4% | 12.7% | 2009 | $2,185 | 69.2% | 95.1% | 3.8% |
| ZIP 55454 | 2.09 | 28.3 | 26.7% | 92.1% | 4.4% | 1972 | $846 | 24.7% | 71.0% | 8.5% |
| ZIP 55416 | 2.04 | 37.2 | 4.9% | 50.4% | 7.7% | 1971 | $1,905 | 72.8% | 98.1% | 3.4% |
| ZIP 55401 | 1.42 | 36.7 | 2.5% | 72.6% | 9.9% | 1997 | $2,060 | 77.2% | 99.0% | 1.3% |
All figures 2020–24.
Zip codes with similar populations: 61008, IL · 44601, OH · 46516, IN · 46526, IN · 48073, MI · 00698, PR · 96001, CA · 94545, CA · 93060, CA · 46260, IN
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 55408. 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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