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A market with no active rental pool to price against. The sale-side figures below are the whole picture.
What would change this read: the median listing price is +1.5% YoY. inventory, −18.5% YoY, is the number to watch.
The median listing price is up 1.5% YoY while the median home got up 9.5% bigger, so value per square foot is down 10.2%.
U.S. Census ACS characteristics for ZIP 55404 itself, not its parent county.
Renters hold 82.5% of this ZIP's 13,073 occupied households, on a median household income of $42K.
| Measure | ZIP 55404 | Hennepin County | Difference |
|---|---|---|---|
| Median Household Income | $42K | $98K | -$56K |
| Below Poverty Level | 32.1% | 10.0% | +22.1% |
| Median Age | 30.90 | 37.60 | -6.70 |
| Total Population | 28,920 | 1,269,496 | -- |
| Avg Household Size | 2.00 | 2.30 | -0.30 |
| Owner-Occupied | 17.5% | 62.7% | -45.2% |
| Worked From Home | 16.8% | 25.2% | -8.4% |
| Mean Commute | 21.60 | 21.90 | -0.30 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is up 0.0% to 1,269,496: residents under 18 are down 0.8% and those 65 and over are up 3.3%.
County median household income is $98K, 10.0% of residents are below the poverty level, 25.2% work from home.