ZIP Code 55340 Demographics

Hennepin County, Minnesota  ·  ACS 2022 5-Year Estimates

ACS 2022 Data

Population & Income Overview

Key statistics for ZIP code 55340 compared to county averages.

Total Population

9,414

↓ 99.3% vs county

Median HH Income

$169,762

↑ +83.3% vs county

Median Home Value

$596,300

↑ +66.6% vs county

Median Age

38.3 yrs

↓ +3.0% vs county

Unemployment Rate

2.2%

↑ 48.6% vs county

Income & Housing Comparison

How ZIP 55340 compares to Hennepin County and Minnesota overall. Data from ACS 2022 5-year estimates.

Median Household Income ZIP 55340 $170k Hennepin $93k Minnesota $84k

Source: ACS 2022 5-Year Estimates, Table B19013

Median Home Value ZIP 55340 $596k Hennepin $358k Minnesota $287k

Source: ACS 2022 5-Year Estimates, Table B25077

Education & Employment

Bachelor's Rate

33.1%

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

Owner Occupancy

92.0%

of occupied housing units are owner-occupied

Median Gross Rent

$1,290

per month including utilities

Rent vs. Buy Affordability

Compare estimated monthly costs of home ownership vs renting in ZIP Code 55340 using local Census metrics.

Median Home Value$596,300
Down Payment (20%)$119,260
Interest Rate6.5%
Loan Term

Estimated Monthly Costs

Buy (Mortgage, Tax, Ins.)
$3,785P&I: $3015 | Tax: $596 | Ins: $174
Rent (Local Median)
$1,290
Renting is CheaperRenting is estimated to save you $2,495/month compared to buying costs.

How Does 55340 Compare?

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

Location & Neighboring Areas

Interactive map showing ZIP code 55340 (blue pin) and surrounding areas (purple pins). Click pins to view details.

Nearby ZIP Codes

ZIP codes geographically closest to 55340, sorted by distance.

55357 4.4 mi away hennepin county 55374 6.9 mi away hennepin county 55341 7.0 mi away wright county 55373 7.3 mi away wright county 55359 7.9 mi away hennepin county 55376 10.8 mi away wright county 55328 11.9 mi away wright county 55301 12.5 mi away wright 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 55340 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.