55403 ZIP Code – Minneapolis, Minnesota
Located in Minneapolis, Minnesota, ZIP code 55403 is a mid-sized ZIP code within Hennepin County with a population of approximately 17,161 residents. Residents earn a median household income of $58,895, which is below the Minnesota average and below the national figure. Median home values of $292,300 are near the national average, with 25.0% owner-occupied housing (increasing). , with median rent coming in at $1,179 — near the national figure. Housing consists of 7% single-family (increasing), 88% apartments (decreasing).
At 5.3%, the unemployment rate is near the national figure. The poverty rate is 15.4%, above the national average. 59.3% of adults hold a bachelor's degree or higher, well above the U.S. average. The population has a median age of 34.3, below the national median. Neighboring ZIP codes include 55402, 55405, 55401.
ZIP Code 55403 Data
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ZIP 55403 vs. Minnesota vs. U.S.
| Metric | ZIP 55403 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 17k | 6,531 | 10k |
| Median Household Income | $58k | $77k | $73k |
| Median Home Value | $292k | $223k | $258k |
| Median Rent | $1,179 | $954 | $1,088 |
| Median Age | 34.3 | 43.2 | 43.2 |
| Unemployment Rate | 5.3% | 4.0% | 5.0% |
| Poverty Rate | 15.4% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 59.3% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55402 – Minneapolis
- 55405 – Minneapolis
- 55401 – Minneapolis
- 55404 – Minneapolis
- 55415 – Minneapolis
- 55408 – Minneapolis
- 55454 – Minneapolis
- 55411 – Minneapolis
- 55455 – Minneapolis
- 55409 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55402 | MINNEAPOLIS | 709 | $73,508 |
| 55405 | MINNEAPOLIS | 17,099 | $66,901 |
| 55401 | MINNEAPOLIS | 11,510 | $118,188 |
| 55404 | MINNEAPOLIS | 28,172 | $40,817 |
| 55415 | MINNEAPOLIS | 6,120 | $128,378 |