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AREA INFORMATION

55408 (Minneapolis, MN)

Explore the real estate in 55408 (Minneapolis, MN)

Area Highlights

55408 (Minneapolis, MN) residents have a median age of 31.6 years old, with employment highest in the administrative support and food industries.

34,725 Population

18,126 Households

$72,015 /yr
Median Household Income

$375,000
Median Home Sale Price

23m 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

31.6 Median Age

Average Household Size

1.9
persons per
household

19.4%

Married Households

Community Population By Education

Bachelors Degree 39%
Graduate Degree 20%
Some College 13%
High School Graduate 11%
Some High School 10%
Associates Degree 8%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 38.86% 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)
13.1% of households have children

Area Schools

PK-5
0.5 MILES
C
Lyndale Community School
9-12
1 MILES
Cristo Rey Jesuit High School Twin Cities
PK-5
1.1 MILES
C-
Green Central Park Elementary School

Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.

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Economics

$72,015 /yr
Median Household Income
$375,000
Median Sales Price
23 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 23.21% of the households.

Transportation to Work

  • Drive 62%
  • Work from Home 18%
  • Public Transit 12%
  • Walk or Bike 9%

Occupancy by Type

Rented 13,775 71%
Owned 4,350 22%
Vacant 1,286 7%

White vs Blue Collar Jobs







White Collar 88%
Blue Collar 12%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 31.6 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 58%
Black 19%
Hispanic 15%
Other 10%
Asian 4%
Native American 1%
The most prevalent ethnicity is White at 58%, followed by Black at 19%, Hispanic at 15%, and Other at 10%.

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°
70°
Jun
57°
79°
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

$328,500
For sale
2 beds • 1 baths • 1,402 sqft

3536 1st Ave S
Minneapolis, MN 55408

$389,900
For sale
5 beds • 1,700 sqft

106 W 29th Street
Minneapolis, MN 55408

$875,000
For sale
4 beds • 2 baths • 2 half baths • 2,453 sqft

1516 W 27th Street
Minneapolis, MN 55408

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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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