55407 Zip Code Map | Maps, Demographics and Population for Minneapolis, MN

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55407 is a 5-digit zip code located in Minneapolis, Minnesota. Minneapolis is the primary city for 55407 and is located in Avery. In the most recent US census the population of 55407 was 38506.

There are a total of 15,431 housing units in 55407, Minnesota. A total of 5.78% (892) are currently vacant.

Heading	Statistic
Timezone	GMT-6
City Name	Minneapolis
Housing Units	15,431
Median Home Value	$291,500
Universities	1
Law Enforcement	0 Locations
Hospitals	0

Heading	Statistic
Current Population	38,506*
Avg Income	$74,518
Occupied Houses	14,699
Vacant Houses	892
* Population taken from the last census in 2020.

Zip Code Products Showing 55407

Minnesota 3-Digit Zip Code Map Showing 55407

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County Map Showing 55407, Minnesota

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You can download our data and files for 55407 here for FREE. If you need any data that isn't available here please get in touch through our contact form.

Population Figures for 55407

Total Population by Age

55407 has a total population of 38,506. In the bar chart and table below, this population is split into 18 different age range segments.

Most inhabitants of 55407 are in the 30 to 34 years age bracket. As of the last census, there are 4,159 people in this segment.

The 85 years and over segment is the smallest age range in 55407. There are just 352 people in this category.

Age Range	Population
Under 5	2,526
5 to 9	2,669
10 to 14	2,642
15 to 19	1,784
20 to 24	1,838
25 to 29	3,868
30 to 34	4,159
35 to 39	3,004
40 to 44	3,300

Age Range	Population
45 to 49	1,821
50 to 54	1,932
55 to 59	1,952
60 to 64	1,909
65 to 69	1,596
70 to 74	783
75 to 79	488
80 to 84	374
Over 85	352

Race and Gender Population of 55407

Women make up the highest portion of people in 55407. There are 18,491 men and 18,506 women in this 5-digit zip code.

Most people in this zip code are White, with a total of 21,079 people in this category.

The chart and table below shows the population of people and which race they belong to in 55407

Gender	Population
Male	18,491
Female	18,506

Race	Population
White	21,079
Black	6,846
American Indian	423
Asian	660
Native Hawaiian	6
Some other race	4,827

Real Estate Figures

Median Rent	Median House Value	Median Rooms in House	Most Common Heating Type
$69	$291,500	5.5 rooms	Utility gas

Housing Types in 55407 Zip Code

Below are two charts showing the amount of occupied vs vacant homes and the amount of renter vs owner occupied houses in the 55407 zip code.

The 55407 zip code area has a homeowner vacancy rate of 9.12% and a rental vacancy rate of 13.32%. This means there are a total of 892 vacant housing units throughout the zip code area. Conversely there are 14,699 housing units that are currently occupied.

Occupied Units	Vacant Units	Owner Vacancy Rate	Rental Vacancy Rate
14,699	892	9.12%	13.32%

Owner-Occupied	Renter-Occupied
8,894	5,805

Property Value in 55407

Most homes in 55407 are valued $300,000 to $499,999, with 30,902,070 houses in this category.

There are just 1060 houses valued at $300,000 to $499,999. As you can see in the chart and table below, this is the smallest segment in this zip code.

The affordability ratio for the 55407 zip code in Minnesota is 3.1. This is calculated by dividing the median housing value by the median income and is used to show how affordable a zip code is.

An affordability ratio of 3.1 is generally considered Medium (Moderately Affordable).

House Value	Units
Less than $50,000	107,090
$50,000 to $99,999	102,080
$100,000 to $149,999	501,070
$150,000 to $199,999	807,000
$200,000 to $299,999	30,002,090

House Value	Units
$300,000 to $499,999	30,902,070
$500,000 to $999,999	202,080
$1,000,000 or more	1,060
Median House Value	$291,500

Heating Types for Homes in 55407

There are 8 different heating types used by people in the 55407 zip code area. As you can see from the table and chart below; Utility gas, Bottled, tank, or LP gas, Electricity, Fuel oil, kerosene, etc., Wood, Solar energy, Other fuel, No fuel used are the most commonly used heating types in this area.

Utility gas is most commonly used to heat homes in 55407. As you can see below, there are 11,932 houses that use this method.

Heating Type	Units
Utility gas	11,932
Bottled, tank, or LP gas	238
Electricity	2,148
Fuel oil, kerosene, etc.	16
Coal or coke	0

Heating Type	Units
Wood	15
Solar energy	5
Other fuel	249
No fuel used	96

Household Income Generated 12-months of 2022

The chart and tables below show the household income segments for households in the 55407. 6.8 of households are on the low end, earning less than $10,000 in 2022.

On the other end, 7.6 of households earned more than $200,000 in the same year. You will also see that the mean income of this zip code is around $95,147.

Most households in 55407 earn in the $50,000 to $74,999 range. 18% of households are in this segment.

Income Range	Percent
Less than $10,000	6.8
$10,000 to $14,999	2.9
$15,000 to $24,999	5.6
$25,000 to $34,999	8.3
$35,000 to $49,999	8.4
$50,000 to $74,999	18.5

Income Range	Percent
$75,000 to $99,999	14.8
$100,000 to $149,999	17.5
$150,000 to $199,999	9.7
$200,000 or more	7.6
Mean income	$95,147

Bedrooms, Rooms and Units in Structures in 55407

Below are three pie charts and tables showing the amount of bedrooms, total rooms and structures in houses for this zip code.

Most houses in 55407 have 5 or more bedrooms, with a total of 179 houses.

In regards to rooms in general, people in this zip code have an average of 5.5 rooms in their house. Most houses actually have 6 rooms in their house. 2,832 homes fit into this category.

2,832 homes in 55407 are in the 1-unit, detached category, which is the most common in terms of structures for this area.

The largest homes tracked, which are 20 units or more, make up 1107 of the houses in this zip code. On the other end, 10,522 houses make up the smallest homes, which are 1 unit, mobile homes or boats.

Bedrooms	Units
No bedroom	179
1 bedroom	179
2 bedrooms	179
3 bedrooms	179
4 bedrooms	179
5 or more bedrooms	179

Rooms	Units
1 room	346
2 rooms	572
3 rooms	1,877
4 rooms	2,620
5 rooms	2,252
6 rooms	2,832
7 rooms	2,167
8 rooms	1,443
9 rooms or more	1,482
Median rooms	5.5

Units in Structure	Units
1-unit, detached	8045
1-unit, attached	543
2 units	543
3 or 4 units	2335
5 to 9 units	1002
10 to 19 units	590
20 or more units	1107
Mobile home	1927
Boat, RV, van, etc.	7

Healthcare and Hospitals

Hospitals Database

There are currently no hospital and healthcare locations in the zip code of 55407.

Universities

Universities Database