55409 ZIP Code – Minneapolis, Minnesota
55409 is a mid-sized ZIP code in Minneapolis, Minnesota, part of Hennepin County with a population of approximately 11,235 residents. The median household income is $94,162 — above the Minnesota average and above the national average. Homes in this ZIP code have a median value of $346,900, above the national average, with 65.5% owner-occupied housing (increasing). ; median rent of $1,300 is similarly above the national average. Housing consists of 62% single-family (decreasing), 23% apartments (decreasing), 15% duplex/multi-family.
The area reports an unemployment rate of 3.8%, below the national average. The poverty rate of 7.2% is well below the U.S. average. About 62.6% of residents have completed a four-year degree, well above the national rate. At 36.5, the median age is below the national figure. Neighboring ZIP codes include 55408, 55407, 55419.
ZIP Code 55409 Data
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ZIP 55409 vs. Minnesota vs. U.S.
| Metric | ZIP 55409 | MN Avg. | U.S. Avg. |
|---|---|---|---|
| Population | 11k | 6,531 | 10k |
| Median Household Income | $94k | $77k | $73k |
| Median Home Value | $346k | $223k | $258k |
| Median Rent | $1,300 | $954 | $1,088 |
| Median Age | 36.5 | 43.2 | 43.2 |
| Unemployment Rate | 3.8% | 4.0% | 5.0% |
| Poverty Rate | 7.2% | 9.9% | 13.3% |
| Bachelor's Degree or Higher | 62.6% | 26.4% | 26.9% |
Demographics Charts
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Nearby ZIP Codes
- 55408 – Minneapolis
- 55407 – Minneapolis
- 55419 – Minneapolis
- 55410 – Minneapolis
- 55404 – Minneapolis
- 55403 – Minneapolis
- 55417 – Minneapolis
- 55405 – Minneapolis
- 55406 – Minneapolis
- 55402 – Minneapolis
Nearby ZIP Code Comparison
| ZIP Code | City | Population | Median Income |
|---|---|---|---|
| 55408 | MINNEAPOLIS | 32,312 | $70,158 |
| 55407 | MINNEAPOLIS | 36,997 | $74,518 |
| 55419 | MINNEAPOLIS | 29,730 | $135,769 |
| 55410 | MINNEAPOLIS | 20,765 | $146,724 |
| 55404 | MINNEAPOLIS | 28,172 | $40,817 |