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AREA INFORMATION

55414 (Minneapolis, MN)

Explore the real estate in 55414 (Minneapolis, MN)

Area Highlights

55414 (Minneapolis, MN) residents have a median age of 25.3 years old, with employment highest in the administrative support and healthcare practitioners industries.

33,008 Population

14,438 Households

$52,706 /yr
Median Household Income

$305,450
Median Home Sale Price

20m 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

25.3 Median Age

Average Household Size

2.1
persons per
household

14.7%

Married Households

Community Population By Education

Bachelors Degree 37%
Graduate Degree 31%
Some College 12%
High School Graduate 9%
Associates Degree 6%
Some High School 5%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 37.36% 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)
6.9% of households have children

Area Schools

6-12
0.5 MILES
D
Venture Academy
9-12
0.6 MILES
D
Mts Pease Academy
KG-12
0.6 MILES
Ronald Mcdonald House
9-12
0.7 MILES
D-
Heritage Stem Academy
PK-5
0.9 MILES
C-
Pratt Community School
KG-8
1.3 MILES
Marcy Open 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

$52,706 /yr
Median Household Income
$305,450
Median Sales Price
20 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 Under $15k representing 16.59% of the households.

Transportation to Work

  • Drive 52%
  • Walk or Bike 20%
  • Public Transit 17%
  • Work from Home 13%

Occupancy by Type

Rented 12,069 79%
Owned 2,369 16%
Vacant 825 5%

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 25.3 years old. The smallest percentage group is 18-24 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 64%
Asian 17%
Black 9%
Hispanic 5%
Other 2%
Native American <1%
The most prevalent ethnicity is White at 64%, followed by Asian at 17%, Black at 9%, and Hispanic at 5%.

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°
23°
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

$349,900
For sale
4 beds • 3 baths • 1,342 sqft

2600 University Avenue SE 301
Minneapolis, MN 55414

$799,900
For sale
2 beds • 2 baths • 1,740 sqft

110 Bank Street SE L2401
Minneapolis, MN 55414

$400,000
For sale
6 beds • 2,561 sqft

1079 16th Avenue SE
Minneapolis, MN 55414

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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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