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ZIP Code 55016, MN

Comprehensive demographics, housing data, local amenities, and economic statistics for ZIP Code 55016.

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Community Insights

High Incomes
$123k/year
top 9% nationally
Highly Educated
29% hold a bachelor's degree
top 13% nationally
Leading Industries
Retail · Education
16% retail
Home Value Growth⬆
+5.0% over 2 years
Young Adults
31% of residents
above average nationally
Homeowners
88% of occupied units

People & Demographics

Total Population38,874
Households—
Under 18
25.0%
Age 18–34
31.0%
Age 35–64
30.0%
Age 65+
14.0%
Veterans
5.0%
Active Duty
0.0%

Housing & Living

Median Home Value$395,116
Median Gross Rent$1,812/mo
Owner Occupied
88.1%
Renter Occupied
11.9%
Detached Homes
—
Built Pre-1940
—

Economy & Income

Median Household Income$123,341
Poverty Rate—

Key Industries

Healthcare10.0%
Professional Services1.0%
Manufacturing0.0%
Retail16.0%
Education2.0%

Amenities & Transit

Transit Score—
Walkability / Amenities—
Commute < 15m
—
Commute 60m+
—

Education

High School Grad
—
Bachelor's Degree
29.0%
Master's or Higher
10.0%
School Enrollment
—

Frequently Asked Questions

What is the population and demographic makeup of ZIP code 55016?›

The total population of ZIP code 55016 is approximately 38,874. The community has a large population of young adults (18-34). This demographic data is sourced from the U.S. Census Bureau.

Do more people rent or own homes in ZIP code 55016?›

The housing market in ZIP code 55016 is predominantly driven by homeowners, with 88% of housing units being owner-occupied and 12% being renter-occupied.

What is the education level of residents in ZIP code 55016?›

In ZIP code 55016, approximately 29% of adult residents hold a bachelor's degree or higher. Additionally, 10% of the population holds a master's degree or higher. This indicates the local educational attainment compared to state and national averages.