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AREA INFORMATION

55406 (Minneapolis, MN)

Explore the real estate in 55406 (Minneapolis, MN)

Area Highlights

55406 (Minneapolis, MN) residents have a median age of 40.8 years old, with employment highest in the personal care and education industries.

33,384 Population

15,845 Households

$80,367 /yr
Median Household Income

$340,000
Median Home Sale Price

21m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

40.8 Median Age

Average Household Size

2.1
persons per
household

35.6%

Married Households

Community Population By Education

Bachelors Degree 32%
Graduate Degree 23%
Some College 15%
High School Graduate 15%
Associates Degree 8%
Some High School 7%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 32.01% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
23.2% of households have children

Economics

$80,367 /yr
Median Household Income
$340,000
Median Sales Price
21 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 16.73% of the households.

Transportation to Work

  • Drive 65%
  • Work from Home 16%
  • Walk or Bike 9%
  • Public Transit 9%

Occupancy by Type

Owned 10,436 63%
Rented 5,409 33%
Vacant 611 4%

White vs Blue Collar Jobs







White Collar 86%
Blue Collar 14%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 40.8 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 69%
Black 14%
Hispanic 8%
Other 4%
Asian 3%
Native American 2%
The most prevalent ethnicity is White at 69%, followed by Black at 14%, Hispanic at 8%, and Other at 4%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

84° July
Hottest Average Month
3° January
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
3°
22°
Feb
9°
28°
Mar
21°
40°
Apr
35°
57°
May
47°
71°
Jun
57°
80°
Jul
62°
84°
Aug
60°
82°
Sep
51°
72°
Oct
39°
60°
Nov
25°
41°
Dec
11°
27°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$329,900
For sale
2 beds • 2 baths • 1,506 sqft

3924 40th Ave S
Minneapolis, MN 55406

$205,000
For sale
0.16 acres

2815 E Lake Street
Minneapolis, MN 55406

$359,000
For sale
4 beds • 2 baths • 2,016 sqft

3829 36th Avenue S
Minneapolis, MN 55406

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Data powered by Attom Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.

* Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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