Population 34,665 · Census ACS 2020–24
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Population and households in ZIP 55416
Household size in ZIP 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1.97 | 2.58 | 2.52 | 2.68 |
| 2010–14 | 2.02 | 2.61 | 2.54 | 2.73 |
| 2015–19 | 2.07 | 2.63 | 2.55 | 2.71 |
| 2020–24 | 2.04 | 2.58 | 2.52 | 2.65 |
| Change | +0.07 | −0.00 | +0.00 | −0.03 |
ZIP 55416 is a place of small households, averaging 2.04 people against 2.65 for the U.S., which points to many singles, couples and roommates and relatively few children. Household size has crept up from 1.97 in 2006–10, even as the national average fell. Of the 257 Minnesota ZIP codes with 5,000+ people, only 15 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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 38.3 | 36.8 | 37.9 | 37.7 |
| 2010–14 | 37.9 | 37.8 | 38.9 | 38.6 |
| 2015–19 | 38.8 | 38.6 | 39.6 | 39.6 |
| 2020–24 | 37.2 | 39.2 | 40.0 | 40.1 |
| Change | −1.1 | +2.5 | +2.1 | +2.3 |
The median resident of ZIP 55416 is 37.2 years old, a few years younger than the national median of 40.1. The median age has dropped from 38.3 in 2006–10, even as the national median rose. The youngest areas are in the northwest, the oldest in the northeast.
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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 5.6% | 10.2% | 9.9% | 12.3% |
| 2010–14 | 4.4% | 10.6% | 10.2% | 12.3% |
| 2015–19 | 4.4% | 9.9% | 9.7% | 11.6% |
| 2020–24 | 4.9% | 9.8% | 9.6% | 11.6% |
| Change | −0.7 pts | −0.4 pts | −0.3 pts | −0.6 pts |
Single parents head only 4.9% of households in ZIP 55416, well below the national share of 11.6%. The single-parent share has edged down 0.7 points since 2006–10, as it has nationally. Only 13 of the 257 Minnesota ZIP codes with 5,000+ people have a lower 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 55416
Renters in ZIP 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 42.2% | 27.3% | 25.8% | 33.3% |
| 2010–14 | 44.7% | 29.6% | 27.9% | 35.6% |
| 2015–19 | 50.5% | 30.0% | 28.4% | 36.0% |
| 2020–24 | 50.4% | 29.3% | 27.8% | 34.8% |
| Change | +8.3 pts | +2.0 pts | +2.0 pts | +1.5 pts |
Renters far outnumber owners in ZIP 55416: 50.4% of households rent their homes, against 34.8% nationally. Nearly a third of owners (31.9%) have paid off their mortgages, below the national share of 39.8%. The renter share has risen 8.3 points since 2006–10, a much bigger shift than 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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.2% | 7.0% | 9.2% | 11.4% |
| 2010–14 | 8.0% | 6.2% | 9.0% | 11.4% |
| 2015–19 | 6.5% | 5.5% | 8.7% | 11.1% |
| 2020–24 | 7.7% | 5.7% | 8.3% | 9.6% |
| Change | +0.6 pts | −1.3 pts | −0.9 pts | −1.8 pts |
Fewer homes sit empty in ZIP 55416 than nationally: 7.7%, against 9.6% for the U.S. Locally, though, the rate is higher than in the Minneapolis area as a whole (5.7%). Vacancy is up 0.6 points from 2006–10, even as the national rate fell.
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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 1962 | 1975 | 1973 | 1974 |
| 2010–14 | 1966 | 1976 | 1974 | 1975 |
| 2015–19 | 1968 | 1977 | 1975 | 1977 |
| 2020–24 | 1971 | 1980 | 1978 | 1980 |
| Change | +10 | +4 | +5 | +6 |
The housing in ZIP 55416 is old by national standards: the median home dates to 1971, 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 1962 in 2006–10, a sign of steady new building.
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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | $1,050 | $1,007 | $882 | $965 |
| 2010–14 | $1,199 | $1,077 | $953 | $1,040 |
| 2015–19 | $1,450 | $1,258 | $1,099 | $1,213 |
| 2020–24 | $1,905 | $1,603 | $1,404 | $1,571 |
| Change | +$855 | +$597 | +$522 | +$606 |
A typical rental in ZIP 55416 costs $1,905 a month with utilities, well above the national median of $1,571. Rents are up $855 a month from 2006–10, an 81% jump, faster than rents rose nationally. Rent takes 26.8% of the typical renter's income, comfortably under the 30% mark often used to define affordable rent. Renters on a budget will find the lowest rents in the west; the highest 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 55416
Bachelor's degrees in ZIP 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 63.7% | 37.2% | 32.1% | 28.4% |
| 2010–14 | 66.5% | 39.1% | 33.7% | 29.6% |
| 2015–19 | 69.9% | 41.8% | 36.2% | 32.1% |
| 2020–24 | 72.8% | 45.4% | 39.6% | 35.6% |
| Change | +9.0 pts | +8.1 pts | +7.4 pts | +7.2 pts |
ZIP 55416 is highly educated: about three-quarters of adults 25 and older (72.8%) 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 9.0 points, as it has nationally. Only eight 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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 97.4% | 92.4% | 91.4% | 84.9% |
| 2010–14 | 96.6% | 92.9% | 92.2% | 86.1% |
| 2015–19 | 97.9% | 93.5% | 93.0% | 87.7% |
| 2020–24 | 98.1% | 94.0% | 93.7% | 89.3% |
| Change | +0.6 pts | +1.6 pts | +2.3 pts | +4.3 pts |
Finishing high school is nearly universal in ZIP 55416: 98.1% of adults 25 and older have a diploma or equivalent, well above the national rate of 89.3%. Since 2006–10, the share with a diploma has edged up 0.6 points, a smaller shift than nationally. Of the 257 Minnesota ZIP codes with 5,000+ people, only 23 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 55416
| Period | ZIP 55416 | Minneapolis area | Minnesota | U.S. |
|---|---|---|---|---|
| 2006–10 | 4.2% | 6.7% | 6.5% | 8.1% |
| 2010–14 | 4.9% | 6.8% | 6.5% | 9.4% |
| 2015–19 | 2.5% | 3.6% | 3.7% | 5.6% |
| 2020–24 | 3.4% | 4.0% | 4.1% | 5.4% |
| Change | −0.8 pts | −2.7 pts | −2.4 pts | −2.7 pts |
Unemployment in ZIP 55416 runs below the national rate: 3.4% of the labor force was out of work and looking, against 5.4% nationally. Unemployment is down 0.8 points from 2006–10, a smaller shift than nationally. 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 55416 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 55416 | 2.04 | 37.2 | 4.9% | 50.4% | 7.7% | 1971 | $1,905 | 72.8% | 98.1% | 3.4% |
| ZIP 55426 | 2.15 | 39.1 | 7.0% | 35.5% | 6.6% | 1964 | $1,687 | 58.4% | 96.2% | 3.2% |
| ZIP 55405 | 2.14 | 33.3 | 9.3% | 63.8% | 10.0% | 1947 | $1,341 | 57.3% | 94.7% | 6.9% |
| ZIP 55408 | 1.93 | 31.2 | 7.3% | 76.6% | 6.9% | 1961 | $1,374 | 54.4% | 90.7% | 8.2% |
| ZIP 55410 | 2.42 | 41.2 | 6.9% | 21.8% | 5.8% | 1947 | $2,185 | 80.7% | 98.8% | 2.7% |
| ZIP 55424 | 2.83 | 41.1 | 6.2% | 9.9% | 6.1% | 1953 | $2,175 | 83.0% | 99.2% | 3.3% |
| 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 55436 | 2.52 | 48.1 | 4.9% | 23.9% | 4.3% | 1972 | $2,349 | 72.2% | 98.3% | 2.1% |
| ZIP 55419 | 2.49 | 40.0 | 7.3% | 17.4% | 4.9% | 1945 | $1,807 | 75.8% | 98.5% | 4.8% |
| ZIP 55404 | 2.19 | 32.2 | 13.0% | 81.0% | 12.4% | 1968 | $1,083 | 36.5% | 80.6% | 10.4% |
All figures 2020–24.
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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 55416. 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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