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
- 35,387
- -13.3% vs. 2020
- Forecasted population 2030
- 32,703
- -19.8% vs. 2020
Zip code 55407 Minneapolis, MN population is forecasted to decrease -13.3% by 2025 (-18.0 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 35,387 people for 2025 zip code 55407 Minneapolis, MN will generate a good demand for housing, which is expected to have a deficit of 2,104 houses for 2030. Vacancy rate is 5.3 points below national US average.
- Total homes available 2020
- 15,820
- Estimated total home demand in 2030
- 17,924
- Total homes balance inventory
- 2,104
Average Household Income in zip code 55407 Minneapolis, MN
from Internal Revenue Service
- Average household income in 2021
- $89,555
Affordability
- Affordability Index
- 3
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
41
-80%
200
County total number of drinking water contaminations
6
-71%
21
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