Zip Code

55421

City

Minneapolis, MN

Population & Migration

What is the forecasted population for Zip code 55421 Minneapolis, MN?

Population census 2020
28,784
Forecasted population 2025
31,413
9.1% vs. 2020
Forecasted population 2030
33,577
16.7% vs. 2020

Zip code 55421 Minneapolis, MN population is forecasted to grow 9.1% by 2025 (4.4 points above the 4.7% national average).

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Housing and Affordability

With a forecasted population of 31,413 people for 2025 zip code 55421 Minneapolis, MN will generate a good demand for housing, which is expected to have a deficit of 2,100 houses for 2030. Vacancy rate is 5.0 points below national US average.

Total homes available 2020
12,614
Estimated total home demand in 2030
14,714
Total homes balance inventory
2,100

Average Household Income in zip code 55421 Minneapolis, MN
from Internal Revenue Service

Average household income in 2021
$81,253

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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Drinking water violations

How is the quality of drinking water in Zip code 55421 Minneapolis, MN?

County total number of drinking water violations

43

-81%

226

County total number of drinking water contaminations

19

-17%

23

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