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Zip Code 55423 Map And Demographics

Home»Minnesota State»Hennepin County»Minneapolis»Zip Code 55423
  • Population
    35,525
  • Density
    5,091 / sqml.
  • Med. Home Value
    $201,000
  • Med. Rent
    $804

Zip Code Rankings

The table shows the top 5 positions of zip code 55423 on our zip code ranking charts. For example, a rank of 10 means that a zip code ranks #10 on the list of the top zip codes in America for a particular value. The lists were created for all zip codes in America with the population of 1000 residents or higher.

Rank Report Value
#1,484 Top Zip Codes With The Highest Number Of Owner-occupied Housing Units 9446
#1,679 Top Zip Codes With The Largest Population Density 5,091
#1,810 Top Zip Codes With The Highest Percentage Of People Who Use Public Transportation 7.64%
#1,842 Top Zip Codes With The Highest Number Of Housing Units 15718
#2,157 Top Zip Codes With The Largest Population 35525 Residents

Population breakdown by gender

Population in zip code 55423 is 35,525 residents | Male to Female ratio is 1:1.04 | Zip Code 55423 land area is 6.9774 sq. miles | Population density is 5,091.44 residents per square mile

Median age

  Median Age
Zip Code Median Age 36.3
Median Age - Male 34.9
Median Age - Female 37.5

Median age of zip code 55423 is 5.7% lower compared to nearby zip codes and 2.4% lower compared to the United States median age. Comparing gender-specific madian age yields the following results. Male median age of zip code 55423 is 8.4% lower compared to nearby zip codes and 2.5% lower compared to the United States male median age. Female zip code 55423 median age is 2.8% lower in comparison to nearby zip codes and 2.6% lower compared to female national median age average.

Population breakdown by age

Racial makeup

Race Count
White population 25237
Black or African American population 4196
Asian population 2356
American Indian and Alaska Native population 235
Native Hawaiian and other Pacific Islander population 32
Other population 2126

Region of birth

Ancestry distribution

Ancestry Percent Ancestry Percent
Arab 0.1% Czech 1.5%
Danish 1.6% Dutch 1.8%
English 6.8% French No Basque 3.9%
French Canadian 1.1% German 28.7%
Greek 0.6% Hungarian 0.1%
Irish 12.4% Italian 1.6%
Lithuanian 0.2% Norwegian 17.4%
Polish 3.5% Portuguese 0%
Russian 0.7% Scotch-Irish 1.4%
Scottish 1.7% Slovak 0.3%
Subsaharan African 1.7% Swedish 13.8%
Swiss 0.6% Ukrainian 0.3%
USA 2.5% Welsh 0.4%
West Indian No Hispanic Groups 0.4% Other Ancestries 24.4%

Family type by presence of children under 18 by age

Family Type Distribution
Total families 8441
Married couples 70.73%
Other couples 29.27%

Family and household income distribution

  Family income (%) Household income (%)
$30,000 or less 18.71% 27.29%
$30,000 and $50,000 18.4% 20.33%
$50,000 and $100,000 36.51% 32.91%
$100,000 and $200,000 21.9% 16.62%
$200,000 or more 4.48% 2.85%

Households by size

Household language

Language Spoken Percent
English language 74.4%
Spanish language 15.45%
Other European language 4.47%
Asian language 3.29%
Other language 2.39%

Population by housing unit

Housing Unit Percent
Total Occupied housing units 14864
Detached housing units 61.32%
Attached housing units 3.41%
2 units 1.92%
3 - 4 units 0.81%
5 - 9 units 2.9%
10 - 19 units 7.76%
20 - 49 units 8.47%
50 or more units 13.23%
Mobile homes 0.17%
Boats, RVs, Vans 0%

Means of transportation to work

Means Percent
Use car, track or Van 85.08%
Use public transportation 7.64%
Use Motorcycle 0.16%
Use bicycle 0.84%
Walk to work 3.39%
Work at home 2.89%

School attendance

Attendance Percent
Attent Preschool programs 2.36%
Attend Public School 13.37%
Attend college undergraduate program 5.82%
Attent graduate studies 1.43%
Not enrolled in school 77.02%

Highest school attainment

Attainment Percent
Less then 9th grade 6.73%
Grade 9 to 12, no diploma 7.81%
High school diploma 22.92%
Some college, no degree 24.64%
Associate degree 9.3%
Bachelor's degree 27.13%
Graduate or professional degree 1.46%

Business Counts by Industry

Industry Type Count
Total of all sectors 757
Retail Trade 125
Health Care and Social Assistance 109
Professional, Scientific, and Technical Services 97
Other Services (except Public Administration) 85
Accommodation and Food Services 63
Administrative and Support and Waste Management and Remediation Services 58
Construction 55
Finance and Insurance 40
Real Estate and Rental and Leasing 26
Wholesale Trade 23
Educational Services 18
Manufacturing 17
Information 15
Transportation and Warehousing 9
Arts, Entertainment, and Recreation 8
Management of Companies and Enterprises 8
Agriculture, Forestry, Fishing and Hunting 1

Real Estate

Metric Value
Housing occupied 94.57%
Housing vacant 5.43%
Housing occupied by owner 63.55%
Housing occupied by tenant 36.45%
Total Rented Units 5418
Median Contract Gross Rent $748
Median Gross Rent $804
Median Home Value $201,000

Contract rent is the monthly cash rent agreed to, regardless of any furnishings, utilities, fees, meals, or services that may be included. Gross rent is the contract rent plus the estimated average monthly cost of utilities and fuels if these are paid by the renter. In zip code 55423 median gross rent is 7.49% larger then the median contract rent.

Average estimated apartment rent

Apartment Type Average Rent
Studio $550
1 Bedroom $640
2 Bedrooms $780
3 Bedrooms $1,020
4 Bedrooms $1,150
AVERAGE RENT $828

Average rent in zip code 55423 ($828.00) is 15.4% lower compared to nearby zip codes and 11.5% lower compared to the average rent in the US. The following illustrates how zip code 55423 rent compares to the nearby zip code rents by unit type: studio apartment rent is 14.7% lower, one bedroom apartment rent is 15.9% lower, two bedroom rent is 15.4% lower, three bedroom rent is 15.5% lower, four bedroom rent is 15.3% lower.

Housing units

Housing Unit Percent
Total housing units 15718
Detached housing units 59.94%
Attached housing units 3.23%
2 units 2.05%
3 - 4 units 0.94%
5 - 9 units 3.3%
10 - 19 units 7.67%
20 - 49 units 8.19%
50 or more units 14.27%
Mobile homes 0.41%
Boats, RVs, Vans 0%

Real Estate taxes paid

Tax Amount
Total Real Estate Taxes $24,047,700
Real estate taxes paid for units with a mortgage $16,950,800
Real estate taxes paid for units with no mortgage $7,096,900

Nearby Zip Code Income Per Capita Comparison

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