Zip Code
55407
City
Minneapolis, MN
Population & Migration
What is the forecasted population for Zip code 55407 Minneapolis, MN?
- Population census 2020
- 40,792
- Forecasted population 2025
- 37,459
- -0.08% vs. 2020
- Forecasted population 2030
- 38,478
- -0.06% vs. 2020
Zip code 55407 Minneapolis, MN population is forecasted to decrease -0.08% by 2025 (-12.9 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 37,459 people for 2025 zip code 55407 Minneapolis, MN will generate a good demand for housing, which is expected to have an excess of -897 houses for 2030. Vacancy rate is 2.6 points below national US average.
- Total homes available 2020
- 15,820
- Estimated total home demand in 2030
- 14,922
- Total homes balance inventory
- -897
Average Household Income in zip code 55407 Minneapolis, MN
from Internal Revenue Service
- Average household income in 2021
- $89,555
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 55407 Minneapolis, MN?
County total number of drinking water violations
54
-78%
244
County total number of drinking water contaminations
9
-63%
24
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