ZIP Code 55331 Demographics

Hennepin County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 55331 compared to county averages.

Total Population

19,226

↓ 98.5% vs county

Median HH Income

$156,308

↑ +68.8% vs county

Median Home Value

$676,600

↑ +89.0% vs county

Median Age

48.3 yrs

↓ +29.8% vs county

Unemployment Rate

3.2%

↑ 26.2% vs county

Income & Housing Comparison

How ZIP 55331 compares to Hennepin County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 55331 $156k Hennepin $93k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 55331 $677k Hennepin $358k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

41.7%

of adults 25+ hold a bachelor's degree or higher

Owner Occupancy

87.1%

of occupied housing units are owner-occupied

Median Gross Rent

$1,171

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 55331 using local Census metrics.

Median Home Value$676,600
Down Payment (20%)$135,320
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$4,295P&I: $3421 | Tax: $677 | Ins: $197
Rent (Local Median)
$1,171
Renting is CheaperRenting is estimated to save you $3,124/month compared to buying costs.

How Does 55331 Compare?

Enter another ZIP code to see a side-by-side comparison.

Location & Neighboring Areas

Interactive map showing ZIP code 55331 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 55331, sorted by distance.

55384 2.9 mi away hennepin county 55317 3.8 mi away carver county 55386 4.0 mi away carver county 55364 4.3 mi away hennepin county 55391 5.1 mi away hennepin county 55318 6.3 mi away carver county 55356 6.5 mi away hennepin county 55375 6.8 mi away hennepin county

About Hennepin County

Hennepin County is located in Minnesota and has a total population of 1,270,787. The county's median household income is $92,595 and median home value is $358,000. ZIP code 55331 is one of many ZCTAs within this county.

View all ZIP codes in Hennepin County

Data source: American Community Survey (ACS) 2022 5-Year Estimates, U.S. Census Bureau. ZCTAs (ZIP Code Tabulation Areas) are used as proxies for USPS ZIP codes. Some USPS ZIP codes may not have a corresponding ZCTA.